FAIRLESS HILLS, Pa. -- Borders Group Inc. obtained bankruptcy court authority to sell inventory of its 200+ underperforming bookstores, which comprises 30% of Borders' total store network. Hilco Merchant Resources LLC and Gordon Brothers Group are taking the lead as liquidators of the store closing sales.
More stories on Borders' initial stay in bankruptcy now in BORDERS GROUP BANKRUPTCY NEWS, Issue No. 2, published by Bankruptcy Creditors' Service, Inc. Visit us at http://www.bankrupt.com/borders/
Monday, February 21, 2011
Sunday, February 20, 2011
Beard Group Corporate Restructuring Review For January 2011
Beard Group, Inc, which co-publishes the Troubled Company Reporter and the Troubled Company Prospector, discusses recent trends and developments in corporate bankruptcies in this audio presentation. TCR and TCP editors report the past month's largest chapter 11 bankruptcy filings; anticipated large chapter 11 bankruptcies in the near-term, a quick review of major pending disputes in chapter 11 bankruptcy cases, reminders about debtors whose emergence from bankruptcy has been delayed; information you're unlikely to find elsewhere about new publicly traded securities being issued by bankrupt companies.
If you'd like to receive the Troubled Company Reporter for 30-days at no cost -- and with no strings attached -- call Nancy Frasier or Charlie Covell at (240) 629-3300 or visit bankrupt-[dot]-com-[slash]-free-trial and we'll add you to the distribution list.
If you'd like to receive the Troubled Company Reporter for 30-days at no cost -- and with no strings attached -- call Nancy Frasier or Charlie Covell at (240) 629-3300 or visit bankrupt-[dot]-com-[slash]-free-trial and we'll add you to the distribution list.
Thursday, February 17, 2011
BORDERS GROUP Bankruptcy News, Issue No. 1
BCSI reports on latest events arising in the chapter 11 cases commenced by BORDERS GROUP
FAIRLESS HILLS, Pa. -- Feb. 17, 2011 -- Bankruptcy Creditors' Service, Inc., published Issue No. 1 of BORDERS GROUP BANKRUPTCY NEWS today. The 24-page newsletter contains stories with these headlines:
[00000] HOW TO SUBSCRIBE TO BORDERS GROUP BANKRUPTCY NEWS
[00001] BACKGROUND & DESCRIPTION OF BORDERS GROUP INC.
[00002] COMPANY'S PRESS RELEASE CONCERNING CHAPTER 11 FILING
[00003] COMPANY'S BALANCE SHEET AS OF OCTOBER 30, 2010
[00004] BORDERS GROUP'S CHAPTER 11 DATABASE
[00005] LIST OF DEBTORS' 30 LARGEST UNSECURED CREDITORS
[00006] LIST OF DEBTORS' SECURED CLAIM HOLDERS
[00007] BORDERS GROUP TO CLOSE 200+ STORES UNDER BANKRUPTCY
[00008] DEBTORS' MOTION FOR JOINT ADMINISTRATION OF CASES
[00009] DEBTORS' MOTION TO EXTEND DEADLINE TO FILE SCHEDULES
[00010] AGREE REALTY'S STATEMENT ON BORDERS' BANKRUPTCY FILING
[00011] BOOKSELLERS GROUP COMMENTS ON BORDERS' BANKRUPTCY FILING
A copy of today's newsletter is available FREE OF CHARGE at
BANKRUPT.COM/BORDERS
FAIRLESS HILLS, Pa. -- Feb. 17, 2011 -- Bankruptcy Creditors' Service, Inc., published Issue No. 1 of BORDERS GROUP BANKRUPTCY NEWS today. The 24-page newsletter contains stories with these headlines:
[00000] HOW TO SUBSCRIBE TO BORDERS GROUP BANKRUPTCY NEWS
[00001] BACKGROUND & DESCRIPTION OF BORDERS GROUP INC.
[00002] COMPANY'S PRESS RELEASE CONCERNING CHAPTER 11 FILING
[00003] COMPANY'S BALANCE SHEET AS OF OCTOBER 30, 2010
[00004] BORDERS GROUP'S CHAPTER 11 DATABASE
[00005] LIST OF DEBTORS' 30 LARGEST UNSECURED CREDITORS
[00006] LIST OF DEBTORS' SECURED CLAIM HOLDERS
[00007] BORDERS GROUP TO CLOSE 200+ STORES UNDER BANKRUPTCY
[00008] DEBTORS' MOTION FOR JOINT ADMINISTRATION OF CASES
[00009] DEBTORS' MOTION TO EXTEND DEADLINE TO FILE SCHEDULES
[00010] AGREE REALTY'S STATEMENT ON BORDERS' BANKRUPTCY FILING
[00011] BOOKSELLERS GROUP COMMENTS ON BORDERS' BANKRUPTCY FILING
A copy of today's newsletter is available FREE OF CHARGE at
BANKRUPT.COM/BORDERS
Wednesday, February 16, 2011
BORDERS GROUP: Files for Chapter 11 in Manhattan
BORDERS GROUP BANKRUPTCY NEWS reports that Borders Group Inc. and
its affiliates filed for Chapter 11 protection (Bankr. S.D.N.Y.
Case No. Lead Case No. 11-10614) in Manhattan on Feb. 16, 2011.
"It has become increasingly clear that in light of the environment
of curtailed customer spending, our ongoing discussions with
publishers and other vendor related parties, and the company's
lack of liquidity, Borders Group does not have the capital
resources it needs to be a viable competitor and which are
essential for it to move forward with its business strategy to
reposition itself successfully for the long term," Mike Edwards,
Borders Group President, said in a press release announcing the
Chapter 11 filing.
Borders said that it has received commitments for $505 million in
debtor-in-possession financing led by GE Capital, Restructuring
Finance.
Borders said that it is serving customers in the normal course,
including honoring its Borders Rewards program, gift cards and
other customer programs.
Borders, however, said it has identified certain underperforming
stores -- equivalent to approximately 30% of the company's
national store network -- that are expected to close in the next
several weeks. A list of the 200 closing stores is available at
no charge at http://bankrupt.com/misc/Borders_ClosingStores.pdf
Borders emphasized that the closings were a reflection of economic
conditions, cost structures and viability of locations, among
other factors, and not on the dedication and productivity of the
workforce in these stores.
Financials
For the fiscal year ended Jan. 29, 2011, Borders recorded net
sales of approximately $2.3 billion. As of Dec. 25, 2010, the
Debtors had incurred net year-to-date losses of approximately
$168.2 million.
Borders had total assets of $1.28 billion and total debts of
$1.29 billion as of Dec. 25, 2010.
A total of $196.05 million is outstanding under a prepetition
revolver from lenders, led by Bank of America, N.A., as
administrative agent. and $48.6 million under a prepetition term
loan from lenders led by G.A. Capital, as admin. agent. The
prepetition revolver and term loan are secured by substantially
all of Borders' assets, excluding real estate holdings.
Borders Group submitted a consolidated list of 30 largest
unsecured creditors. The list is available for no charge at:
http://bankrupt.com/misc/Borders_ListofCreditors.pdf
Pershing Square Capital Management, L.P., LeBow Gamma Limited
Partnership, UBS AG, and Bennett S. LeBow each owns or controls
with the power to vote 5% or more of the voting securities of the
Debtor. As of Feb. 8, a total of 72,042,189 shares were
outstanding with 2,413 holders of these shares.
Store Closing Sales
Borders Group has submitted to the Bankruptcy Court an emergency
motion for approval to sell merchandise and owned furniture,
fixtures and equipment located at approximately 200 of their
stores and, at Borders' option, up to 75 of 136 potential other
stores, through store closing sales.
According to Holly Felder Etlin, managing director of AP Services
LLC, the 200 underperforming stores identified by Borders are
operating at a significant loss and represent a drain on Borders'
liquidity. Each week the 200 stores remain open causes Borders to
suffer approximately $2 million of losses. Border has ceased
supplying the closing stores.
Before filing for bankruptcy, Borders Group, on Feb. 3, 2011,
through their then advisors at FTI Consulting, Inc., began
contacting the nation's largest liquidation firms to gauge
interest in a process to solicit bids for store closing sales.
Two groups -- (1) Great American Group LLC and Gordon Brothers
Retail Partners LLC and (2) Hilco Merchant Resources, LLC, Tiger
Capital, and SB Capital Group -- participated in bidding for a
stalking horse position. Following a 3-day bidding, on Feb. 13,
the Hilco Group emerged as the party with the higher and better
bid. Compared to the GB Group's bid, the Hilco Group's bid
provides a guaranty percentage that is 2% higher, which equates to
almost $4 million more in proceeds for the Debtors.
The Hilco Group's bid would pay the Debtors (i) a guaranteed
amount of 73% of the cost value of all merchandise located at the
Closing Stores and which Borders estimate will bring at least $131
million and as much as $148 million into the estates, plus (ii) a
50% share of any proceeds received during the SCSs after a 5% fee
and recovery of expenses.
Borders Group is seeking the Bankruptcy Court's approval to
conduct an auction to select a liquidator where the Hilco Group is
the stalking horse bidder. Hilco Group will receive a $1,000,000
break-up fee if it is outbid at the bankruptcy auction.
Professionals Involved in Case
The professionals tapped by the Debtors for the restructuring are:
Debtors'
Legal Counsel: David M. Friedman, Esq.
David S. Rosner. Esq
Andrew K. Glenn, Esq.
Jeffrey R. Gleit, Esq.
KASOWITZ, BENSON, TORRES & FRIEDMAN LLP
1633 Broadway
New York, New York 10019
Telephone: (212) 506-1700
Facsimile: (212) 506-1800
E-mail: DFriedman@kasowitz.com
DRosner@kasowitz.com
AGlenn@kasowitz.com
JGleit@kasowitz.com
Debtors'
Financial
Advisors: JEFFERIES & COMPANY'S INC.
Debtors'
Lease and
Real Estate
Services
Provider: DJM PROPERTY MANAGEMENT
Debtors'
Interim
Management and
Restructuring
Services
Provider: AP SERVICES LLC
The Debtors'
Claims and
Notice Agent: THE GARDEN CITY GROUP, INC.
P.O. Box 9690
Dublin, Ohio 43017-4990
Professionals identified by Borders as notice parties are:
Counsel for
the DIP Agents: MORGAN, LEWIS & BOCKIUS LLP
Wendy Walker, Esq.
Sandra Vrejan, Esq.
Counsel for GA Capital,
Agent Under the
Prepetition term
Loan: RIEMER & BRAUNSTEIN LLP
Donald E. Rothman, Esq.
COUNSEL FOR GA CAPITAL LLC
Attorneys for
Group of
Major
Landlords: James S. Carr, Esq.
Robert L. LeHane, Esq.
Benjamin D. Feder, Esq.
KELLEY DRYE & WARREN LLP
101 Park Avenue
New York, New York 10178
Tel: (212) 808-7800
Fax: (212) 808-7897
Attorneys for
Publishers: Kenneth A. Rosen, Esq.
Bruce D. Buechler, Esq.
Bruce S. Nathan, Esq.
Paul Kizel, Esq.
LOWENSTEIN SANDLER PC
1251 Avenue of the Americas
New York, New York 10020
Tel: (212) 262-6700
Fax: (212) 262-7402
Financial
Advisor
to Publishers: ALVAREZ & MARSAL
Attorneys for
General Growth
Properties Inc.: Brad Eric Scheler, Esq.
FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP
Attorneys for
Bank of
America, N.A.,
Agent for
Prepetition
Revolving
Lenders: Julia Frost-Davies, Esq.
Andrew Gallo, Esq.
BINGHAM MCCUTCHEN LLP
About Borders Group
Borders Group is a leading operator of book, music and movie
superstores and mall-based bookstores. At Jan. 29, 2011, the
Debtors operated 642 stores, under the Borders, Waldenbooks,
Borders Express and Borders Outlet names, as well as Borders-
branded airport stores in the United States, of which 639 stores
are located in the United States and 3 in Puerto Rico. Two of
Borders' flagship stores (along with other less prominent stores)
are located in Manhattan. In addition, the Debtors operate a
proprietary e-commerce web site, http://www.Borders.com/, launched
in May 2008, which includes both in-store and online e-commerce
components.
As of Feb. 11, 2011, Borders employed a total of 6,100 full-time
employees, 11,400 part-time employees, and approximately 600
contingent employees (who are required to work one shift per
month, and usually do so at special events), all of whom are
located in the United States and Puerto Rico. Borders' employees
are not subject to any collective bargaining agreements.
=================================================================
BORDERS GROUP BANKRUPTCY NEWS covers the bookstore chain's journey
into Chapter 11 as the Ann Arbor-based bookseller attempts to
restructure its operations.
Read the first four issues of BORDERS GROUP BANKRUPTCY NEWS for FREE.
To receive BORDERS GROUP BANKRUPTCY NEWS, please complete the form
below and return it by fax or e-mail to:
Bankruptcy Creditors' Service, Inc.
572 Fernwood Lane
Fairless Hills, PA 19030
Telephone (215) 945-7000
Fax (215) 945-7001
E-mail: peter@bankrupt.com
BORDERS GROUP BANKRUPTCY NEWS is distributed to paying
subscribers by electronic mail. New issues are published on an
ad hoc basis as significant activity occurs (generally every 10
to 20 days) in the Debtor's cases. The subscription rate is
US$45 per issue.
Newsletters are delivered via e-mail; invoices, transmitted
following publication of each newsletter issue, arrive by fax.
Re-mailing of BORDERS GROUP BANKRUPTCY NEWS is prohibited.
Distribution to multiple individuals at the same firm is provided
at no additional charge; folks outside of your firm should set-up
and pay for their own subscriptions. Subscriptions may be
canceled at any time without further obligation.
We have published similar newsletters tracking
billion-dollar insolvency proceedings since 1990, starting
with Federated Department Stores. Currently, we provide
similar coverage about most billion-dollar corporate
restrucutring proceedings.
We also co-publish the TROUBLED COMPANY REPORTER, tracking
more than 3,000 experiencing financial distress or
restructuring their balance sheets in a judicial proceeding.
You can request a free 30-day trial subscription to the
TROUBLED COMPANY REPORTER at http://bankrupt.com/freetrial/.
=================================================================
[ ] YES! Please enter my personal subscription to
BORDERS GROUP BANKRUPTCY NEWS at US$45 per
issue until I tell you to cancel my subscription.
Name:
----------------------------------------------
Firm:
----------------------------------------------
Address:
----------------------------------------------
----------------------------------------------
Phone:
----------------------------------------------
Fax:
----------------------------------------------
E-Mail:
----------------------------------------------
(Distribution to multiple professionals at the
same firm is provided at no additional cost.)
its affiliates filed for Chapter 11 protection (Bankr. S.D.N.Y.
Case No. Lead Case No. 11-10614) in Manhattan on Feb. 16, 2011.
"It has become increasingly clear that in light of the environment
of curtailed customer spending, our ongoing discussions with
publishers and other vendor related parties, and the company's
lack of liquidity, Borders Group does not have the capital
resources it needs to be a viable competitor and which are
essential for it to move forward with its business strategy to
reposition itself successfully for the long term," Mike Edwards,
Borders Group President, said in a press release announcing the
Chapter 11 filing.
Borders said that it has received commitments for $505 million in
debtor-in-possession financing led by GE Capital, Restructuring
Finance.
Borders said that it is serving customers in the normal course,
including honoring its Borders Rewards program, gift cards and
other customer programs.
Borders, however, said it has identified certain underperforming
stores -- equivalent to approximately 30% of the company's
national store network -- that are expected to close in the next
several weeks. A list of the 200 closing stores is available at
no charge at http://bankrupt.com/misc/Borders_ClosingStores.pdf
Borders emphasized that the closings were a reflection of economic
conditions, cost structures and viability of locations, among
other factors, and not on the dedication and productivity of the
workforce in these stores.
Financials
For the fiscal year ended Jan. 29, 2011, Borders recorded net
sales of approximately $2.3 billion. As of Dec. 25, 2010, the
Debtors had incurred net year-to-date losses of approximately
$168.2 million.
Borders had total assets of $1.28 billion and total debts of
$1.29 billion as of Dec. 25, 2010.
A total of $196.05 million is outstanding under a prepetition
revolver from lenders, led by Bank of America, N.A., as
administrative agent. and $48.6 million under a prepetition term
loan from lenders led by G.A. Capital, as admin. agent. The
prepetition revolver and term loan are secured by substantially
all of Borders' assets, excluding real estate holdings.
Borders Group submitted a consolidated list of 30 largest
unsecured creditors. The list is available for no charge at:
http://bankrupt.com/misc/Borders_ListofCreditors.pdf
Pershing Square Capital Management, L.P., LeBow Gamma Limited
Partnership, UBS AG, and Bennett S. LeBow each owns or controls
with the power to vote 5% or more of the voting securities of the
Debtor. As of Feb. 8, a total of 72,042,189 shares were
outstanding with 2,413 holders of these shares.
Store Closing Sales
Borders Group has submitted to the Bankruptcy Court an emergency
motion for approval to sell merchandise and owned furniture,
fixtures and equipment located at approximately 200 of their
stores and, at Borders' option, up to 75 of 136 potential other
stores, through store closing sales.
According to Holly Felder Etlin, managing director of AP Services
LLC, the 200 underperforming stores identified by Borders are
operating at a significant loss and represent a drain on Borders'
liquidity. Each week the 200 stores remain open causes Borders to
suffer approximately $2 million of losses. Border has ceased
supplying the closing stores.
Before filing for bankruptcy, Borders Group, on Feb. 3, 2011,
through their then advisors at FTI Consulting, Inc., began
contacting the nation's largest liquidation firms to gauge
interest in a process to solicit bids for store closing sales.
Two groups -- (1) Great American Group LLC and Gordon Brothers
Retail Partners LLC and (2) Hilco Merchant Resources, LLC, Tiger
Capital, and SB Capital Group -- participated in bidding for a
stalking horse position. Following a 3-day bidding, on Feb. 13,
the Hilco Group emerged as the party with the higher and better
bid. Compared to the GB Group's bid, the Hilco Group's bid
provides a guaranty percentage that is 2% higher, which equates to
almost $4 million more in proceeds for the Debtors.
The Hilco Group's bid would pay the Debtors (i) a guaranteed
amount of 73% of the cost value of all merchandise located at the
Closing Stores and which Borders estimate will bring at least $131
million and as much as $148 million into the estates, plus (ii) a
50% share of any proceeds received during the SCSs after a 5% fee
and recovery of expenses.
Borders Group is seeking the Bankruptcy Court's approval to
conduct an auction to select a liquidator where the Hilco Group is
the stalking horse bidder. Hilco Group will receive a $1,000,000
break-up fee if it is outbid at the bankruptcy auction.
Professionals Involved in Case
The professionals tapped by the Debtors for the restructuring are:
Debtors'
Legal Counsel: David M. Friedman, Esq.
David S. Rosner. Esq
Andrew K. Glenn, Esq.
Jeffrey R. Gleit, Esq.
KASOWITZ, BENSON, TORRES & FRIEDMAN LLP
1633 Broadway
New York, New York 10019
Telephone: (212) 506-1700
Facsimile: (212) 506-1800
E-mail: DFriedman@kasowitz.com
DRosner@kasowitz.com
AGlenn@kasowitz.com
JGleit@kasowitz.com
Debtors'
Financial
Advisors: JEFFERIES & COMPANY'S INC.
Debtors'
Lease and
Real Estate
Services
Provider: DJM PROPERTY MANAGEMENT
Debtors'
Interim
Management and
Restructuring
Services
Provider: AP SERVICES LLC
The Debtors'
Claims and
Notice Agent: THE GARDEN CITY GROUP, INC.
P.O. Box 9690
Dublin, Ohio 43017-4990
Professionals identified by Borders as notice parties are:
Counsel for
the DIP Agents: MORGAN, LEWIS & BOCKIUS LLP
Wendy Walker, Esq.
Sandra Vrejan, Esq.
Counsel for GA Capital,
Agent Under the
Prepetition term
Loan: RIEMER & BRAUNSTEIN LLP
Donald E. Rothman, Esq.
COUNSEL FOR GA CAPITAL LLC
Attorneys for
Group of
Major
Landlords: James S. Carr, Esq.
Robert L. LeHane, Esq.
Benjamin D. Feder, Esq.
KELLEY DRYE & WARREN LLP
101 Park Avenue
New York, New York 10178
Tel: (212) 808-7800
Fax: (212) 808-7897
Attorneys for
Publishers: Kenneth A. Rosen, Esq.
Bruce D. Buechler, Esq.
Bruce S. Nathan, Esq.
Paul Kizel, Esq.
LOWENSTEIN SANDLER PC
1251 Avenue of the Americas
New York, New York 10020
Tel: (212) 262-6700
Fax: (212) 262-7402
Financial
Advisor
to Publishers: ALVAREZ & MARSAL
Attorneys for
General Growth
Properties Inc.: Brad Eric Scheler, Esq.
FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP
Attorneys for
Bank of
America, N.A.,
Agent for
Prepetition
Revolving
Lenders: Julia Frost-Davies, Esq.
Andrew Gallo, Esq.
BINGHAM MCCUTCHEN LLP
About Borders Group
Borders Group is a leading operator of book, music and movie
superstores and mall-based bookstores. At Jan. 29, 2011, the
Debtors operated 642 stores, under the Borders, Waldenbooks,
Borders Express and Borders Outlet names, as well as Borders-
branded airport stores in the United States, of which 639 stores
are located in the United States and 3 in Puerto Rico. Two of
Borders' flagship stores (along with other less prominent stores)
are located in Manhattan. In addition, the Debtors operate a
proprietary e-commerce web site, http://www.Borders.com/, launched
in May 2008, which includes both in-store and online e-commerce
components.
As of Feb. 11, 2011, Borders employed a total of 6,100 full-time
employees, 11,400 part-time employees, and approximately 600
contingent employees (who are required to work one shift per
month, and usually do so at special events), all of whom are
located in the United States and Puerto Rico. Borders' employees
are not subject to any collective bargaining agreements.
=================================================================
BORDERS GROUP BANKRUPTCY NEWS covers the bookstore chain's journey
into Chapter 11 as the Ann Arbor-based bookseller attempts to
restructure its operations.
Read the first four issues of BORDERS GROUP BANKRUPTCY NEWS for FREE.
To receive BORDERS GROUP BANKRUPTCY NEWS, please complete the form
below and return it by fax or e-mail to:
Bankruptcy Creditors' Service, Inc.
572 Fernwood Lane
Fairless Hills, PA 19030
Telephone (215) 945-7000
Fax (215) 945-7001
E-mail: peter@bankrupt.com
BORDERS GROUP BANKRUPTCY NEWS is distributed to paying
subscribers by electronic mail. New issues are published on an
ad hoc basis as significant activity occurs (generally every 10
to 20 days) in the Debtor's cases. The subscription rate is
US$45 per issue.
Newsletters are delivered via e-mail; invoices, transmitted
following publication of each newsletter issue, arrive by fax.
Re-mailing of BORDERS GROUP BANKRUPTCY NEWS is prohibited.
Distribution to multiple individuals at the same firm is provided
at no additional charge; folks outside of your firm should set-up
and pay for their own subscriptions. Subscriptions may be
canceled at any time without further obligation.
We have published similar newsletters tracking
billion-dollar insolvency proceedings since 1990, starting
with Federated Department Stores. Currently, we provide
similar coverage about most billion-dollar corporate
restrucutring proceedings.
We also co-publish the TROUBLED COMPANY REPORTER, tracking
more than 3,000 experiencing financial distress or
restructuring their balance sheets in a judicial proceeding.
You can request a free 30-day trial subscription to the
TROUBLED COMPANY REPORTER at http://bankrupt.com/freetrial/.
=================================================================
[ ] YES! Please enter my personal subscription to
BORDERS GROUP BANKRUPTCY NEWS at US$45 per
issue until I tell you to cancel my subscription.
Name:
----------------------------------------------
Firm:
----------------------------------------------
Address:
----------------------------------------------
----------------------------------------------
Phone:
----------------------------------------------
Fax:
----------------------------------------------
E-Mail:
----------------------------------------------
(Distribution to multiple professionals at the
same firm is provided at no additional cost.)
BORDERS GROUP: FAQs for Investors About Chapter 11
Borders Group Releases FAQs for Investors about Borders' Reorganization:
What value will Borders' common stock have in the future? Is it now worthless?
That will be determined under a Plan of reorganization that is approved by the Court. At this time it is premature to speculate on the specifics of Borders capital structure under an approved Plan of Reorganization.
How can I buy or sell shares in Borders?
Borders common stock ceased trading on the New York Stock Exchange as of the close of the Market on February 15, 2011. Market makers not affiliated with Borders may continue limited trading on the Over-the-Counter Bulletin Board (OTCBB) and/or the Pink Sheets even while Borders is involved in the Chapter 11 proceeding. Borders will not be involved in continuing or supporting trading on the OTCBB or the Pink Sheets. You should contact your broker for further information.
Will Borders continue to issue quarterly financial results? Hold quarterly investor conference calls?
Borders expects to begin submitting monthly operating reports to the Bankruptcy Court and also plans to file copies of these reports with the Securities and Exchange Commission and post the reports on the Investor Relations section of Borders.com. The company currently does not plan to continue to file quarterly and annual reports with the Securities and Exchange Commission. It is unlikely that we will continue to hold quarterly conference calls during the reorganization proceedings.
Is a shareholder entitled to file a claim with the court for the value paid for shares?
No.
Who at Borders can shareholders speak with regarding the future of their investment and whether to hold or sell?
Shareholders should consult with their own professional investment advisor to assess their personal investment situation.
Where can investors go for more information?
Key court filings and other information related to Borders Chapter 11 proceedings will be available at www.bordersreorganization.com. You may also send an inquiry by e-mail to gtomasze@bordersgroupinc.com or mdavis4@bordersgroupinc.com.
=================================================================
BORDERS GROUP BANKRUPTCY NEWS covers the bookstore chain's journey
into Chapter 11 as the Ann Arbor-based bookseller attempts to
restructure its operations. Read the first four issues of BORDERS GROUP BANKRUPTCY NEWS for FREE.
To receive BORDERS GROUP BANKRUPTCY NEWS, please complete the form below and return it by fax or e-mail to:
Bankruptcy Creditors' Service, Inc.
572 Fernwood Lane
Fairless Hills, PA 19030
Telephone (215) 945-7000
Fax (215) 945-7001
E-mail: peter@bankrupt.com
BORDERS GROUP BANKRUPTCY NEWS is distributed to paying
subscribers by electronic mail. New issues are published on an
ad hoc basis as significant activity occurs (generally every 10
to 20 days) in the Debtor's cases. The subscription rate is
US$45 per issue.
Newsletters are delivered via e-mail; invoices, transmitted
following publication of each newsletter issue, arrive by fax.
Re-mailing of BORDERS GROUP BANKRUPTCY NEWS is prohibited.
Distribution to multiple individuals at the same firm is provided
at no additional charge; folks outside of your firm should set-up
and pay for their own subscriptions. Subscriptions may be
canceled at any time without further obligation.
We have published similar newsletters tracking
billion-dollar insolvency proceedings since 1990, starting
with Federated Department Stores. Currently, we provide
similar coverage about most billion-dollar corporate
restrucutring proceedings.
We also co-publish the TROUBLED COMPANY REPORTER, tracking
more than 3,000 experiencing financial distress or
restructuring their balance sheets in a judicial proceeding.
You can request a free 30-day trial subscription to the
TROUBLED COMPANY REPORTER at http://bankrupt.com/freetrial/.
=================================================================
[ ] YES! Please enter my personal subscription to
BORDERS GROUP BANKRUPTCY NEWS at US$45 per
issue until I tell you to cancel my subscription.
Name:
----------------------------------------------
Firm:
----------------------------------------------
Address:
----------------------------------------------
----------------------------------------------
Phone:
----------------------------------------------
Fax:
----------------------------------------------
E-Mail:
----------------------------------------------
(Distribution to multiple professionals at the
same firm is provided at no additional cost.)
What value will Borders' common stock have in the future? Is it now worthless?
That will be determined under a Plan of reorganization that is approved by the Court. At this time it is premature to speculate on the specifics of Borders capital structure under an approved Plan of Reorganization.
How can I buy or sell shares in Borders?
Borders common stock ceased trading on the New York Stock Exchange as of the close of the Market on February 15, 2011. Market makers not affiliated with Borders may continue limited trading on the Over-the-Counter Bulletin Board (OTCBB) and/or the Pink Sheets even while Borders is involved in the Chapter 11 proceeding. Borders will not be involved in continuing or supporting trading on the OTCBB or the Pink Sheets. You should contact your broker for further information.
Will Borders continue to issue quarterly financial results? Hold quarterly investor conference calls?
Borders expects to begin submitting monthly operating reports to the Bankruptcy Court and also plans to file copies of these reports with the Securities and Exchange Commission and post the reports on the Investor Relations section of Borders.com. The company currently does not plan to continue to file quarterly and annual reports with the Securities and Exchange Commission. It is unlikely that we will continue to hold quarterly conference calls during the reorganization proceedings.
Is a shareholder entitled to file a claim with the court for the value paid for shares?
No.
Who at Borders can shareholders speak with regarding the future of their investment and whether to hold or sell?
Shareholders should consult with their own professional investment advisor to assess their personal investment situation.
Where can investors go for more information?
Key court filings and other information related to Borders Chapter 11 proceedings will be available at www.bordersreorganization.com. You may also send an inquiry by e-mail to gtomasze@bordersgroupinc.com or mdavis4@bordersgroupinc.com.
=================================================================
BORDERS GROUP BANKRUPTCY NEWS covers the bookstore chain's journey
into Chapter 11 as the Ann Arbor-based bookseller attempts to
restructure its operations. Read the first four issues of BORDERS GROUP BANKRUPTCY NEWS for FREE.
To receive BORDERS GROUP BANKRUPTCY NEWS, please complete the form below and return it by fax or e-mail to:
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Telephone (215) 945-7000
Fax (215) 945-7001
E-mail: peter@bankrupt.com
BORDERS GROUP BANKRUPTCY NEWS is distributed to paying
subscribers by electronic mail. New issues are published on an
ad hoc basis as significant activity occurs (generally every 10
to 20 days) in the Debtor's cases. The subscription rate is
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Newsletters are delivered via e-mail; invoices, transmitted
following publication of each newsletter issue, arrive by fax.
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with Federated Department Stores. Currently, we provide
similar coverage about most billion-dollar corporate
restrucutring proceedings.
We also co-publish the TROUBLED COMPANY REPORTER, tracking
more than 3,000 experiencing financial distress or
restructuring their balance sheets in a judicial proceeding.
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Borders Files for Chapter 11; Has Commitment for $505 Million in DIP Loan
ANN ARBOR, Mich., Feb. 16, 2011 /PRNewswire via COMTEX/ --
"It has become increasingly clear that in light of the environment of curtailed customer spending, our ongoing discussions with publishers and other vendor related parties, and the company's lack of liquidity, Borders Group does not have the capital resources it needs to be a viable competitor and which are essential for it to move forward with its business strategy to reposition itself successfully for the long term. To position Borders to remedy this condition, Borders Group, with the authorization of its board of directors, has filed a petition for reorganization relief under Chapter 11 of the Bankruptcy Code. This decisive action will give Borders the opportunity to achieve a proper infusion of capital in order to have the opportunity to have the time to reorganize in order to reposition itself to be a successful business for the long term," said Mike Edwards, Borders Group President.
"In this regard, operating under Chapter 11, Borders has received commitments for $505 million in Debtor-in-Possession (DIP) financing led by GE Capital, Restructuring Finance. This financing should enable Borders to meet its obligations going forward so that our stores continue to be competitive for customers in terms of goods, services and the shopping experience. It also affords Borders the opportunity to move forward in implementing the appropriate business strategy designed to reposition Borders to be a potentially vibrant, national retailer of books and other products," Mr. Edwards emphasized.
The company said that it is serving customers in the normal course, including honoring its Borders Rewards program, gift cards and other customer programs. Additionally, the company expects to make employee payroll and continue its benefits programs for its employees.
Borders said that it has many strengths upon which to build a solid plan of reorganization and implement a new business model for Borders to address the changing needs of the American reader. "For decades, Borders has been a beacon of engagement - a highly frequented destination for consumers and a significant venue for authors and vendors to showcase new books and merchandise. We have the ability, based on our brick and mortar presence nationally; the on-line capabilities we have in place; the loyalty of, and access to, our customers; and the products and services we offer to be an important and easy access destination of exploration and purchase for readers across the country," commented Mr. Edwards.
The company noted that, among other initiatives and subject to court approval, Borders plans to undertake a strategic Store Reduction Program to facilitate reorganization and its repositioning. Borders has identified certain underperforming stores -- equivalent to approximately 30 percent of the company's national store network -- that are expected to close in the next several weeks. At the same time, the company noted that a major strength of Borders is its national presence, and its extensive network of remaining stores as well as Borders.com, will continue to run in normal course. The company emphasized that the closings were a reflection of economic conditions, cost structures and viability of locations, among other factors, and not on the dedication and productivity of the workforce in these stores.
"We are confident that, with the protection afforded under Chapter 11 and with the support of employees, publishers, suppliers and creditors, and the reading public, a successful reorganization can be achieved enabling Borders to emerge from the process as a stronger and more vibrant book seller," concluded Mr. Edwards.
"We are very pleased to be able to make this commitment to Borders as support for their plan to re-organize the company," said Tim Tobin, Managing Director, Retail Restructuring, GE Capital, Restructuring Finance.
The Chapter 11 petition for relief was filed in the U.S. Bankruptcy Court, Southern District of New York. Completion of the company's DIP financing arrangements is subject to approval of the Bankruptcy Court and the satisfaction of certain conditions provided in the financing commitments received by the company from the lenders providing such financing.
Additional information about the reorganization is available at www.bordersreorganization.com or by telephone at (877) 906-7675.
About Borders Group, Inc.
Headquartered in Ann Arbor, Mich., Borders Group, Inc. (NYSE: BGP) is a leading specialty retailer of books as well as other educational and entertainment items. Online shopping is offered through borders.com.
"It has become increasingly clear that in light of the environment of curtailed customer spending, our ongoing discussions with publishers and other vendor related parties, and the company's lack of liquidity, Borders Group does not have the capital resources it needs to be a viable competitor and which are essential for it to move forward with its business strategy to reposition itself successfully for the long term. To position Borders to remedy this condition, Borders Group, with the authorization of its board of directors, has filed a petition for reorganization relief under Chapter 11 of the Bankruptcy Code. This decisive action will give Borders the opportunity to achieve a proper infusion of capital in order to have the opportunity to have the time to reorganize in order to reposition itself to be a successful business for the long term," said Mike Edwards, Borders Group President.
"In this regard, operating under Chapter 11, Borders has received commitments for $505 million in Debtor-in-Possession (DIP) financing led by GE Capital, Restructuring Finance. This financing should enable Borders to meet its obligations going forward so that our stores continue to be competitive for customers in terms of goods, services and the shopping experience. It also affords Borders the opportunity to move forward in implementing the appropriate business strategy designed to reposition Borders to be a potentially vibrant, national retailer of books and other products," Mr. Edwards emphasized.
The company said that it is serving customers in the normal course, including honoring its Borders Rewards program, gift cards and other customer programs. Additionally, the company expects to make employee payroll and continue its benefits programs for its employees.
Borders said that it has many strengths upon which to build a solid plan of reorganization and implement a new business model for Borders to address the changing needs of the American reader. "For decades, Borders has been a beacon of engagement - a highly frequented destination for consumers and a significant venue for authors and vendors to showcase new books and merchandise. We have the ability, based on our brick and mortar presence nationally; the on-line capabilities we have in place; the loyalty of, and access to, our customers; and the products and services we offer to be an important and easy access destination of exploration and purchase for readers across the country," commented Mr. Edwards.
The company noted that, among other initiatives and subject to court approval, Borders plans to undertake a strategic Store Reduction Program to facilitate reorganization and its repositioning. Borders has identified certain underperforming stores -- equivalent to approximately 30 percent of the company's national store network -- that are expected to close in the next several weeks. At the same time, the company noted that a major strength of Borders is its national presence, and its extensive network of remaining stores as well as Borders.com, will continue to run in normal course. The company emphasized that the closings were a reflection of economic conditions, cost structures and viability of locations, among other factors, and not on the dedication and productivity of the workforce in these stores.
"We are confident that, with the protection afforded under Chapter 11 and with the support of employees, publishers, suppliers and creditors, and the reading public, a successful reorganization can be achieved enabling Borders to emerge from the process as a stronger and more vibrant book seller," concluded Mr. Edwards.
"We are very pleased to be able to make this commitment to Borders as support for their plan to re-organize the company," said Tim Tobin, Managing Director, Retail Restructuring, GE Capital, Restructuring Finance.
The Chapter 11 petition for relief was filed in the U.S. Bankruptcy Court, Southern District of New York. Completion of the company's DIP financing arrangements is subject to approval of the Bankruptcy Court and the satisfaction of certain conditions provided in the financing commitments received by the company from the lenders providing such financing.
Additional information about the reorganization is available at www.bordersreorganization.com or by telephone at (877) 906-7675.
About Borders Group, Inc.
Headquartered in Ann Arbor, Mich., Borders Group, Inc. (NYSE: BGP) is a leading specialty retailer of books as well as other educational and entertainment items. Online shopping is offered through borders.com.
Tuesday, February 15, 2011
Growth in Bankruptcy Filings Slows In 2010; Corporate Filings Down 7%
Bankruptcy filings in the federal courts rose 8% in calendar year
2010, according to data released Tuesday by the Administrative
Office of the U.S. Courts. Total filings remain at a five-year
high.
The number of bankruptcies filed in the 12-month period ending
December 31, 2010, totaled 1,593,081, up from 1,473,675
bankruptcies filed in calendar year 2009.
Filings have grown steadily since CY 2006, when bankruptcy
filings totaled 617,660, in the first full 12-month period after
the Bankruptcy Abuse Prevention and Consumer Protection Act of
2005 took effect. An historic high in the number of bankruptcy
filings was seen in CY 2005, when over 2 million bankruptcies
were filed in anticipation of BAPCPA.
Business and Non-Business Filings
The majority of bankruptcy filings involve non-business debts.
In CY 2010, they totaled 1,536,799, up 9% from the 1,412,838 non-
business bankruptcy filings in CY 2009.
Business filings totaled 56,282, down 7% from the 60,837 business
filings in CY 2009.
First Quarter of FY 2011
The last three months of CY 2010 were the first quarter of the
Judiciary's 2011 fiscal year. The number of bankruptcies filed
during the first quarter of fiscal year 2011 (October 1-December
31, 2010) was 370,080, down 1% from the 372,203 filings in the
first quarter of fiscal year 2010.
Filings by Chapter
In CY 2010, filings rose under Chapters 7, 11, 12 and 13 of the
U.S. bankruptcy code.
* Chapter 7 filings totaled 1,139,601, up 8% from the
1,050,832 Chapter 7 filings reported in CY 2009.
* Chapter 11 filings fell 10% to 13,713 from the 15,189
filings in CY 2009.
* Chapter 13 filings rose 8% to 438,913 from the 406,962
filings in CY 2009.
* Chapter 12 filings totaled 723, up 33% from the
544 Chapter 12 bankruptcy filings in CY 2009.
2010, according to data released Tuesday by the Administrative
Office of the U.S. Courts. Total filings remain at a five-year
high.
The number of bankruptcies filed in the 12-month period ending
December 31, 2010, totaled 1,593,081, up from 1,473,675
bankruptcies filed in calendar year 2009.
Filings have grown steadily since CY 2006, when bankruptcy
filings totaled 617,660, in the first full 12-month period after
the Bankruptcy Abuse Prevention and Consumer Protection Act of
2005 took effect. An historic high in the number of bankruptcy
filings was seen in CY 2005, when over 2 million bankruptcies
were filed in anticipation of BAPCPA.
Business and Non-Business Filings
The majority of bankruptcy filings involve non-business debts.
In CY 2010, they totaled 1,536,799, up 9% from the 1,412,838 non-
business bankruptcy filings in CY 2009.
Business filings totaled 56,282, down 7% from the 60,837 business
filings in CY 2009.
First Quarter of FY 2011
The last three months of CY 2010 were the first quarter of the
Judiciary's 2011 fiscal year. The number of bankruptcies filed
during the first quarter of fiscal year 2011 (October 1-December
31, 2010) was 370,080, down 1% from the 372,203 filings in the
first quarter of fiscal year 2010.
Filings by Chapter
In CY 2010, filings rose under Chapters 7, 11, 12 and 13 of the
U.S. bankruptcy code.
* Chapter 7 filings totaled 1,139,601, up 8% from the
1,050,832 Chapter 7 filings reported in CY 2009.
* Chapter 11 filings fell 10% to 13,713 from the 15,189
filings in CY 2009.
* Chapter 13 filings rose 8% to 438,913 from the 406,962
filings in CY 2009.
* Chapter 12 filings totaled 723, up 33% from the
544 Chapter 12 bankruptcy filings in CY 2009.
BORDERS GROUP: On the Verge of Filing for Chapter 11
According to The Wall Street Journal, people familiar with the matter said a bankruptcy filing by Borders Group, Inc., the second largest U.S. book retailer, could happen Monday or Tuesday. The Journal's Mike Spector and Jeffrey A. Trachtenberg said Borders Group has abandoned efforts to refinance its debts, and is preparing bankruptcy papers and seeking financing agreements that would keep it operating during the Chapter 11 restructuring process. Borders is expected to close hundreds of stores and lay off thousands of jobs.
Monday, February 14, 2011
BLOCKBUSTER PREPARES TO SELL SELF
Blockbuster Inc. is preparing to put itself up for sale after creditors disagreed on plans to give the Company more cash to help it exit bankruptcy protection, according to The Wall Street Journal.
News of the purported sale came after Blockbuster missed a February 4 deadline under its DIP Credit Agreement to file a plan of reorganization, obtain approval of its business plan from a supermajority of consenting noteholders, and employ a chief executive officer acceptable to the noteholders.
For the full story, read BLOCKBUSTER Bankruptcy News, Issue No. 18.
Issue No. 18 of BLOCKBUSTER BANKRUPTCY NEWS contains stories with these headlines:
[00254] BLOCKBUSTER PREPARES TO SELL ITSELF, WSJ REPORT SAYS
[00255] U.S. TRUSTEE CANCELS FEB. 14 SEC. 341 MEETING
[00256] DEBTORS' APPLICATION TO EMPLOY WEIL GOTSHAL AS COUNSEL
[00257] GOLDMAN SACHS UNITS REPORT 0.1% STAKE IN BLOCKBUSTER INC.
[00258] DIAMONDBACK ENTITIES REPORT 0% STAKE IN BLOCKBUSTER INC.
A copy of the newsletter can be purchased on-line with a major credit card at https://ecommerce.
How to Subscribe to BLOCKBUSTER BANKRUPTCY NEWS
BLOCKBUSTER BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving BLOCKBUSTER BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.
Bankruptcy Creditors' Service, Inc. reports on latest events arising in the chapter 11 cases commenced by Blockbuster Inc.
News of the purported sale came after Blockbuster missed a February 4 deadline under its DIP Credit Agreement to file a plan of reorganization, obtain approval of its business plan from a supermajority of consenting noteholders, and employ a chief executive officer acceptable to the noteholders.
For the full story, read BLOCKBUSTER Bankruptcy News, Issue No. 18.
Issue No. 18 of BLOCKBUSTER BANKRUPTCY NEWS contains stories with these headlines:
[00254] BLOCKBUSTER PREPARES TO SELL ITSELF, WSJ REPORT SAYS
[00255] U.S. TRUSTEE CANCELS FEB. 14 SEC. 341 MEETING
[00256] DEBTORS' APPLICATION TO EMPLOY WEIL GOTSHAL AS COUNSEL
[00257] GOLDMAN SACHS UNITS REPORT 0.1% STAKE IN BLOCKBUSTER INC.
[00258] DIAMONDBACK ENTITIES REPORT 0% STAKE IN BLOCKBUSTER INC.
A copy of the newsletter can be purchased on-line with a major credit card at https://ecommerce.
How to Subscribe to BLOCKBUSTER BANKRUPTCY NEWS
BLOCKBUSTER BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving BLOCKBUSTER BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.
Bankruptcy Creditors' Service, Inc. reports on latest events arising in the chapter 11 cases commenced by Blockbuster Inc.
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
EXIDE Bankruptcy News, Issue No. 129
BCSI reports on latest events arising in the chapter 11 cases commenced by Exide Technologies Inc.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 129 of EXIDE BANKRUPTCY NEWS today. The 13-page newsletter contains stories with these headlines:
[01347] EXIDE'S QUARTERLY OPERATING REPORT -- Ended Dec. 31, 2010
[01348] DEBTORS' 20TH MOTION TO EXTEND CLAIMS OBJECTION DEADLINE
[01349] EXIDE'S MOTION TO CEASE DISTRIBUTION OF WARRANTS
[01350] GOULD ELECTRONICS WITHDRAWS PROOFS OF CLAIM
[01351] EXIDE TECHNOLOGIES TO HOST INVESTOR MEETING
[01352] EXIDE'S $675-MIL. SENIOR NOTES OFFERING COMPLETED
[01353] EXIDE DISCLOSES RESULTS OF TENDER OFFER FOR SENIOR NOTES
[01354] BLACKROCK INC. DISCLOSES 5.17% STAKE IN EXIDE
A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=EXIDE for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
EXIDE BANKRUPTCY NEWS tracks the restructuring of Exide Technologies Inc.
How to Subscribe to EXIDE BANKRUPTCY NEWS
EXIDE BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving EXIDE BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=EXIDE
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 129 of EXIDE BANKRUPTCY NEWS today. The 13-page newsletter contains stories with these headlines:
[01347] EXIDE'S QUARTERLY OPERATING REPORT -- Ended Dec. 31, 2010
[01348] DEBTORS' 20TH MOTION TO EXTEND CLAIMS OBJECTION DEADLINE
[01349] EXIDE'S MOTION TO CEASE DISTRIBUTION OF WARRANTS
[01350] GOULD ELECTRONICS WITHDRAWS PROOFS OF CLAIM
[01351] EXIDE TECHNOLOGIES TO HOST INVESTOR MEETING
[01352] EXIDE'S $675-MIL. SENIOR NOTES OFFERING COMPLETED
[01353] EXIDE DISCLOSES RESULTS OF TENDER OFFER FOR SENIOR NOTES
[01354] BLACKROCK INC. DISCLOSES 5.17% STAKE IN EXIDE
A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=EXIDE for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
EXIDE BANKRUPTCY NEWS tracks the restructuring of Exide Technologies Inc.
How to Subscribe to EXIDE BANKRUPTCY NEWS
EXIDE BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving EXIDE BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=EXIDE
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
MESA AIR Bankruptcy News, Issue No. 35
BCSI reports on latest events arising in the chapter 11 cases commenced by Mesa Air Group Inc.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 35 of MESA AIR BANKRUPTCY NEWS today. The 22-page newsletter contains stories with these headlines:
[00367] COURT ENTERS POST-CONFIRMATION ORDER
[00368] SCHEDULING STIPULATION & ORDER FOR UNRESOLVED CURE CLAIMS
[00369] DEBTORS' MOTION TO APPROVE SETTLEMENT OF DELTA CLAIMS
[00370] STIPULATION RESOLVING BF HOLDINGS' PLAN-RELATED OBJECTION
[00371] STIPULATION RESOLVING AAR CORP. CURE AMOUNTS
[00372] STIPULATION SETTLING AND ALLOWING FOKKER'S CLAIM NO. 739
[00373] DEBTORS SETTLE INDEMNITY & AIRCRAFT CLAIMS
[00374] STIPULATIONS LIFTING STAY TO PERMIT INSURANCE LITIGATION
[00375] DEBTORS' APPLICATION TO HIRE JONES DAY AS SPECIAL COUNSEL
[00376] COMMITTEE'S APPLICATION TO RETAIN MORRISON AS COUNSEL
[00377] DEBTORS' 6TH OMNIBUS OBJECTION TO CLAIMS
[00378] DEBTORS' 8TH OMNIBUS OBJECTION TO CLAIMS
[00379] DEBTORS' 9TH OMNIBUS OBJECTION TO CLAIMS
[00380] DEBTORS' 10TH OMNIBUS OBJECTION TO CLAIMS
[00381] ELFC'S MOTION TO ALLOW ADMIN. EXPENSES TOTALING $558,670
[00382] E. GILLETTE'S MOTION TO LIFT STAY TO PURSUE RIGHTS ACTION
[00383] NOTICES OF STATUS AS SUBSTANTIAL CLAIMHOLDER
[00384] NOTICES OF INTENT TO SELL/TRADE/TRANSFER EQUITY INTEREST
[00385] NOTICES OF CLAIM TRANSFERS -- January 2011
[00386] NOTICES OF CLAIM TRANSFERS -- February 2011
[00387] CREDITORS WITHDRAW CLAIMS -- February 2011
[00388] MESA AIR GROUP NAMES C. PAPPAIOANOU AS GENERAL COUNSEL
[00389] DEBTORS' MONTHLY OPERATING REPORT -- December 2010
A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=MESA|AIR for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
MESA AIR BANKRUPTCY NEWS tracks the restructuring of Mesa Air Group Inc.
How to Subscribe to MESA AIR BANKRUPTCY NEWS
MESA AIR BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving MESA AIR BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=MESA|AIR
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 35 of MESA AIR BANKRUPTCY NEWS today. The 22-page newsletter contains stories with these headlines:
[00367] COURT ENTERS POST-CONFIRMATION ORDER
[00368] SCHEDULING STIPULATION & ORDER FOR UNRESOLVED CURE CLAIMS
[00369] DEBTORS' MOTION TO APPROVE SETTLEMENT OF DELTA CLAIMS
[00370] STIPULATION RESOLVING BF HOLDINGS' PLAN-RELATED OBJECTION
[00371] STIPULATION RESOLVING AAR CORP. CURE AMOUNTS
[00372] STIPULATION SETTLING AND ALLOWING FOKKER'S CLAIM NO. 739
[00373] DEBTORS SETTLE INDEMNITY & AIRCRAFT CLAIMS
[00374] STIPULATIONS LIFTING STAY TO PERMIT INSURANCE LITIGATION
[00375] DEBTORS' APPLICATION TO HIRE JONES DAY AS SPECIAL COUNSEL
[00376] COMMITTEE'S APPLICATION TO RETAIN MORRISON AS COUNSEL
[00377] DEBTORS' 6TH OMNIBUS OBJECTION TO CLAIMS
[00378] DEBTORS' 8TH OMNIBUS OBJECTION TO CLAIMS
[00379] DEBTORS' 9TH OMNIBUS OBJECTION TO CLAIMS
[00380] DEBTORS' 10TH OMNIBUS OBJECTION TO CLAIMS
[00381] ELFC'S MOTION TO ALLOW ADMIN. EXPENSES TOTALING $558,670
[00382] E. GILLETTE'S MOTION TO LIFT STAY TO PURSUE RIGHTS ACTION
[00383] NOTICES OF STATUS AS SUBSTANTIAL CLAIMHOLDER
[00384] NOTICES OF INTENT TO SELL/TRADE/TRANSFER EQUITY INTEREST
[00385] NOTICES OF CLAIM TRANSFERS -- January 2011
[00386] NOTICES OF CLAIM TRANSFERS -- February 2011
[00387] CREDITORS WITHDRAW CLAIMS -- February 2011
[00388] MESA AIR GROUP NAMES C. PAPPAIOANOU AS GENERAL COUNSEL
[00389] DEBTORS' MONTHLY OPERATING REPORT -- December 2010
A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=MESA|AIR for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
MESA AIR BANKRUPTCY NEWS tracks the restructuring of Mesa Air Group Inc.
How to Subscribe to MESA AIR BANKRUPTCY NEWS
MESA AIR BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving MESA AIR BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=MESA|AIR
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
CATHOLIC CHURCH Bankruptcy News, Issue No. 171
BCSI reports on latest events arising in the chapter 11 cases commenced by Diocese of St George, Roman Catholic Archdiocese of Davenport, Roman Catholic Archdiocese of Portland Oregon, Roman Catholic Archdiocese of Spokane, Roman Catholic Archdiocese of Tucson Arizona and Roman Catholic Diocese of San Diego in California.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 171 of CATHOLIC CHURCH BANKRUPTCY NEWS today. The 14-page newsletter contains stories with these headlines:
[02197] ARCHDIOCESE OF MILWAUKEE'S SCHEDULES OF ASSETS AND DEBTS
[02198] ARCHDIOCESE OF MILWAUKEE'S STATEMENT OF FINANCIAL AFFAIRS
[02199] MILWAUKEE'S FINANCIALS ARE INCOMPLETE, LAWYER SAYS
[02200] MILWAUKEE COMMITTEE'S APPLICATION TO HIRE PACHULSKI STANG
[02201] MILWAUKEE COMMITTEE'S APPLICATION TO HIRE HOWARD SOLOCHEK
[02202] MILWAUKEE CREDITORS FILE NOTICES OF ADDRESS CHANGE
[02203] ADVERSARY PROCEEDING -- Fairbanks Diocese vs. 4 Insurers
A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=CATHOLIC|CHURCH for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
CATHOLIC CHURCH BANKRUPTCY NEWS tracks the restructuring of Diocese of St George, Roman Catholic Archdiocese of Davenport, Roman Catholic Archdiocese of Portland Oregon, Roman Catholic Archdiocese of Spokane, Roman Catholic Archdiocese of Tucson Arizona and Roman Catholic Diocese of San Diego in California.
How to Subscribe to CATHOLIC CHURCH BANKRUPTCY NEWS
CATHOLIC CHURCH BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving CATHOLIC CHURCH BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=CATHOLIC|CHURCH
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 171 of CATHOLIC CHURCH BANKRUPTCY NEWS today. The 14-page newsletter contains stories with these headlines:
[02197] ARCHDIOCESE OF MILWAUKEE'S SCHEDULES OF ASSETS AND DEBTS
[02198] ARCHDIOCESE OF MILWAUKEE'S STATEMENT OF FINANCIAL AFFAIRS
[02199] MILWAUKEE'S FINANCIALS ARE INCOMPLETE, LAWYER SAYS
[02200] MILWAUKEE COMMITTEE'S APPLICATION TO HIRE PACHULSKI STANG
[02201] MILWAUKEE COMMITTEE'S APPLICATION TO HIRE HOWARD SOLOCHEK
[02202] MILWAUKEE CREDITORS FILE NOTICES OF ADDRESS CHANGE
[02203] ADVERSARY PROCEEDING -- Fairbanks Diocese vs. 4 Insurers
A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=CATHOLIC|CHURCH for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
CATHOLIC CHURCH BANKRUPTCY NEWS tracks the restructuring of Diocese of St George, Roman Catholic Archdiocese of Davenport, Roman Catholic Archdiocese of Portland Oregon, Roman Catholic Archdiocese of Spokane, Roman Catholic Archdiocese of Tucson Arizona and Roman Catholic Diocese of San Diego in California.
How to Subscribe to CATHOLIC CHURCH BANKRUPTCY NEWS
CATHOLIC CHURCH BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving CATHOLIC CHURCH BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=CATHOLIC|CHURCH
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
GENERAL GROWTH Bankruptcy News, Issue No. 78
GENERAL GROWTH Bankruptcy News, Issue No. 78
BCSI reports on latest events arising in the chapter 11 cases commenced by General Growth Properties Inc.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 78 of GENERAL GROWTH BANKRUPTCY NEWS today. The 24-page newsletter contains stories with these headlines:
[01224] GGP'S MOTION FOR FINAL DECREE TO CLOSE 382 CH. 11 CASES
[01225] DEBTORS OBJECT TO WILMINGTON TRUST'S REQUEST FOR FEES
[01226] DEBTORS SEEK DISALLOWANCE OF EUROHYPO'S $85MM CLAIM
[01227] DEBTORS OBJECT TO NY COMPTROLLER'S $12MM CURE CLAIM
[01228] DEBTORS' 26TH OMNIBUS OBJECTION TO CLAIMS
[01229] DEBTORS' 36TH OMNIBUS OBJECTION TO CLAIMS
[01230] DEBTORS' 75TH OMNIBUS OBJECTION TO CLAIMS
[01231] DEBTORS' 76TH TO 79TH OMNIBUS OBJECTIONS TO CLAIMS
[01232] STIPULATION EXTENDING GENERAL TRUST'S FINAL FEE DEADLINE
[01233] RULE 2019 STATEMENTS -- Various Law Firms
[01234] BANKRUPTCY PROFESSIONALS FILE FEE APPLICATIONS
[01235] NEW GGP APPOINTS SANDEEP MATHRANI TO BOARD OF DIRECTORS
[01236] THHC NAMES G. HERLITZ AS INTERIM CHIEF FINANCIAL OFFICER
[01237] DIRECTORS DISCLOSE OWNERSHIP OF NEW GGP COMMON STOCK
[01238] BRASCAN ASSET DISCLOSES OWNERSHIP OF THHC COMMON STOCK
[01239] BROOKFIELD OWNS 39.6% EQUITY STAKE IN NEW GGP
[01240] BROOKFIELD OWNS 15.1% OF HOWARD HUGHES EQUITY STAKE
[01241] THHC REGISTERS COMMON STOCK SHARES FOR EQUITY PLAN
[01242] NEW GGP DISCLOSES DETAILS ON COMMON STOCK DIVIDEND
[01243] NEW GGP HANDS GALLERIA LOAN TO SPECIAL SERVICER
[01244] HOWARD HUGHES CORP. EXPANDS SUMMERLIN PROPERTIES
A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|GROWTH">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|GROWTH</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
GENERAL GROWTH BANKRUPTCY NEWS tracks the restructuring of General Growth Properties Inc.
How to Subscribe to GENERAL GROWTH BANKRUPTCY NEWS
GENERAL GROWTH BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving GENERAL GROWTH BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=GENERAL|GROWTH">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=GENERAL|GROWTH</a>
BCSI reports on latest events arising in the chapter 11 cases commenced by General Growth Properties Inc.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 78 of GENERAL GROWTH BANKRUPTCY NEWS today. The 24-page newsletter contains stories with these headlines:
[01224] GGP'S MOTION FOR FINAL DECREE TO CLOSE 382 CH. 11 CASES
[01225] DEBTORS OBJECT TO WILMINGTON TRUST'S REQUEST FOR FEES
[01226] DEBTORS SEEK DISALLOWANCE OF EUROHYPO'S $85MM CLAIM
[01227] DEBTORS OBJECT TO NY COMPTROLLER'S $12MM CURE CLAIM
[01228] DEBTORS' 26TH OMNIBUS OBJECTION TO CLAIMS
[01229] DEBTORS' 36TH OMNIBUS OBJECTION TO CLAIMS
[01230] DEBTORS' 75TH OMNIBUS OBJECTION TO CLAIMS
[01231] DEBTORS' 76TH TO 79TH OMNIBUS OBJECTIONS TO CLAIMS
[01232] STIPULATION EXTENDING GENERAL TRUST'S FINAL FEE DEADLINE
[01233] RULE 2019 STATEMENTS -- Various Law Firms
[01234] BANKRUPTCY PROFESSIONALS FILE FEE APPLICATIONS
[01235] NEW GGP APPOINTS SANDEEP MATHRANI TO BOARD OF DIRECTORS
[01236] THHC NAMES G. HERLITZ AS INTERIM CHIEF FINANCIAL OFFICER
[01237] DIRECTORS DISCLOSE OWNERSHIP OF NEW GGP COMMON STOCK
[01238] BRASCAN ASSET DISCLOSES OWNERSHIP OF THHC COMMON STOCK
[01239] BROOKFIELD OWNS 39.6% EQUITY STAKE IN NEW GGP
[01240] BROOKFIELD OWNS 15.1% OF HOWARD HUGHES EQUITY STAKE
[01241] THHC REGISTERS COMMON STOCK SHARES FOR EQUITY PLAN
[01242] NEW GGP DISCLOSES DETAILS ON COMMON STOCK DIVIDEND
[01243] NEW GGP HANDS GALLERIA LOAN TO SPECIAL SERVICER
[01244] HOWARD HUGHES CORP. EXPANDS SUMMERLIN PROPERTIES
A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|GROWTH">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|GROWTH</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
GENERAL GROWTH BANKRUPTCY NEWS tracks the restructuring of General Growth Properties Inc.
How to Subscribe to GENERAL GROWTH BANKRUPTCY NEWS
GENERAL GROWTH BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving GENERAL GROWTH BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=GENERAL|GROWTH">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=GENERAL|GROWTH</a>
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
TRIBUNE Bankruptcy News, Issue No. 68
TRIBUNE Bankruptcy News, Issue No. 68
BCSI reports on latest events arising in the chapter 11 cases commenced by Tribune Co.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 68 of TRIBUNE BANKRUPTCY NEWS today. The 18-page newsletter contains stories with these headlines:
[01147] TRIBUNE, ET AL., FILE SECOND AMENDED CHAPTER 11 PLAN
[01148] KING STREET, ET AL., WITHDRAW PLAN OF REORGANIZATION
[01149] AURELIUS, ET AL., FILE SUPPLEMENTS TO CHAP. 11 PLAN
[01150] CONFIRMATION OBJECTIONS -- New York Dept. of Taxation
[01151] COURT JUNKS AURELIUS, ET AL.'S DOCUMENT PRODUCTION PLEAS
[01152] PARTIES FILE PLAN- & LBO-RELATED DISCOVERY REQUESTS
[01153] DEBTORS' MOTION TO USE EXAMINER REPORT AT PLAN HEARING
[01154] DEBTORS' MOTION FOR ATTORNEY-CLIENT PRIVILEGE PROTECTION
[01155] WILMINGTON TRUST'S MOTION TO ESTIMATE PHONES CLAIMS
[01156] J. ALLEN, ET AL.'S MOTION FOR CLASS CERTIFICATION
[01157] DEBTORS' APPLICATION TO EMPLOY NOVACK AS SPECIAL COUNSEL
[01158] DEBTORS' APPLICATION TO HIRE CAMPBELL AS LITIG. COUNSEL
[01159] DEBTORS' 37TH OMNIBUS OBJECTION TO CLAIMS
[01160] DEBTORS' 38TH OMNIBUS OBJECTION TO CLAIMS
[01161] BANKRUPTCY PROFESSIONALS' FEE APPLICATIONS
[01162] TRIBUNE COMPANY JOINS MMA AS PREMIUM MEMBER
A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=TRIBUNE">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=TRIBUNE</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
TRIBUNE BANKRUPTCY NEWS tracks the restructuring of Tribune Co.
How to Subscribe to TRIBUNE BANKRUPTCY NEWS
TRIBUNE BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving TRIBUNE BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=TRIBUNE">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=TRIBUNE</a>
BCSI reports on latest events arising in the chapter 11 cases commenced by Tribune Co.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 68 of TRIBUNE BANKRUPTCY NEWS today. The 18-page newsletter contains stories with these headlines:
[01147] TRIBUNE, ET AL., FILE SECOND AMENDED CHAPTER 11 PLAN
[01148] KING STREET, ET AL., WITHDRAW PLAN OF REORGANIZATION
[01149] AURELIUS, ET AL., FILE SUPPLEMENTS TO CHAP. 11 PLAN
[01150] CONFIRMATION OBJECTIONS -- New York Dept. of Taxation
[01151] COURT JUNKS AURELIUS, ET AL.'S DOCUMENT PRODUCTION PLEAS
[01152] PARTIES FILE PLAN- & LBO-RELATED DISCOVERY REQUESTS
[01153] DEBTORS' MOTION TO USE EXAMINER REPORT AT PLAN HEARING
[01154] DEBTORS' MOTION FOR ATTORNEY-CLIENT PRIVILEGE PROTECTION
[01155] WILMINGTON TRUST'S MOTION TO ESTIMATE PHONES CLAIMS
[01156] J. ALLEN, ET AL.'S MOTION FOR CLASS CERTIFICATION
[01157] DEBTORS' APPLICATION TO EMPLOY NOVACK AS SPECIAL COUNSEL
[01158] DEBTORS' APPLICATION TO HIRE CAMPBELL AS LITIG. COUNSEL
[01159] DEBTORS' 37TH OMNIBUS OBJECTION TO CLAIMS
[01160] DEBTORS' 38TH OMNIBUS OBJECTION TO CLAIMS
[01161] BANKRUPTCY PROFESSIONALS' FEE APPLICATIONS
[01162] TRIBUNE COMPANY JOINS MMA AS PREMIUM MEMBER
A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=TRIBUNE">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=TRIBUNE</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
TRIBUNE BANKRUPTCY NEWS tracks the restructuring of Tribune Co.
How to Subscribe to TRIBUNE BANKRUPTCY NEWS
TRIBUNE BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving TRIBUNE BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=TRIBUNE">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=TRIBUNE</a>
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
W.R. GRACE Bankruptcy News, Issue No. 225
W.R. GRACE Bankruptcy News, Issue No. 225
BCSI reports on latest events arising in the chapter 11 cases commenced by W.R. Grace & Co and WR Grace & Co-Conn.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 225 of W.R. GRACE BANKRUPTCY NEWS today. The 20-page newsletter contains stories with these headlines:
[02398] GRACE REPORTS FOURTH QUARTER 2010 FINANCIAL RESULTS
[02399] DISTRICT COURT SCHEDULES STATUS CONFERENCE FOR FEB. 16
[02400] PLAN PROPONENTS' MOTION TO CLARIFY CONFIRMATION ORDER
[02401] BNSF RAILWAY'S MOTION TO RECONSIDER JAN. 31 ORDER
[02402] AXA BELGIUM'S MOTION TO EXTEND TIME TO FILE APPEAL
[02403] DEBTORS' MOTION TO AMEND 2010 L/C FACILITY AGREEMENT
[02404] DEBTORS' MOTION TO EXTEND CREDIT AGREEMENT WITH ART
[02405] DEBTORS' MOTION TO APPROVE SETTLEMENT OF MASSDEP CLAIMS
[02406] DEBTORS' APPLICATION TO EMPLOY BAER HIGGINS AS COUNSEL
[02407] DEBTORS' APPLICATION TO EMPLOY KIRKLAND AS LEAD COUNSEL
[02408] FCR'S APPLICATION TO RETAIN ORRICK HERRINGTON AS COUNSEL
[02409] BANKRUPTCY APPEALS -- BNSF & Libby Claimants re CNA Order
[02410] GARLOCK SEALING'S MOTION FOR ACCESS TO 2019 STATEMENTS
[02411] DUANE MORRIS FILES NOTICE OF CHANGE OF ADDRESS
[02412] CLAIMS TRANSFER -- Jan. 21 to Feb. 10, 2011
[02413] BLACKROCK DISCLOSES 5.25% EQUITY STAKE IN GRACE
A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=W.R.|GRACE">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=W.R.|GRACE</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
W.R. GRACE BANKRUPTCY NEWS tracks the restructuring of W.R. Grace & Co and WR Grace & Co-Conn.
How to Subscribe to W.R. GRACE BANKRUPTCY NEWS
W.R. GRACE BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving W.R. GRACE BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=W.R.|GRACE">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=W.R.|GRACE</a>
BCSI reports on latest events arising in the chapter 11 cases commenced by W.R. Grace & Co and WR Grace & Co-Conn.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 225 of W.R. GRACE BANKRUPTCY NEWS today. The 20-page newsletter contains stories with these headlines:
[02398] GRACE REPORTS FOURTH QUARTER 2010 FINANCIAL RESULTS
[02399] DISTRICT COURT SCHEDULES STATUS CONFERENCE FOR FEB. 16
[02400] PLAN PROPONENTS' MOTION TO CLARIFY CONFIRMATION ORDER
[02401] BNSF RAILWAY'S MOTION TO RECONSIDER JAN. 31 ORDER
[02402] AXA BELGIUM'S MOTION TO EXTEND TIME TO FILE APPEAL
[02403] DEBTORS' MOTION TO AMEND 2010 L/C FACILITY AGREEMENT
[02404] DEBTORS' MOTION TO EXTEND CREDIT AGREEMENT WITH ART
[02405] DEBTORS' MOTION TO APPROVE SETTLEMENT OF MASSDEP CLAIMS
[02406] DEBTORS' APPLICATION TO EMPLOY BAER HIGGINS AS COUNSEL
[02407] DEBTORS' APPLICATION TO EMPLOY KIRKLAND AS LEAD COUNSEL
[02408] FCR'S APPLICATION TO RETAIN ORRICK HERRINGTON AS COUNSEL
[02409] BANKRUPTCY APPEALS -- BNSF & Libby Claimants re CNA Order
[02410] GARLOCK SEALING'S MOTION FOR ACCESS TO 2019 STATEMENTS
[02411] DUANE MORRIS FILES NOTICE OF CHANGE OF ADDRESS
[02412] CLAIMS TRANSFER -- Jan. 21 to Feb. 10, 2011
[02413] BLACKROCK DISCLOSES 5.25% EQUITY STAKE IN GRACE
A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=W.R.|GRACE">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=W.R.|GRACE</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
W.R. GRACE BANKRUPTCY NEWS tracks the restructuring of W.R. Grace & Co and WR Grace & Co-Conn.
How to Subscribe to W.R. GRACE BANKRUPTCY NEWS
W.R. GRACE BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving W.R. GRACE BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=W.R.|GRACE">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=W.R.|GRACE</a>
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
LEHMAN BROTHERS Bankruptcy News, Issue No. 69
LEHMAN BROTHERS Bankruptcy News, Issue No. 69
BCSI reports on latest events arising in the chapter 11 cases commenced by Lehman Brothers Holdings Inc.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 69 of LEHMAN BROTHERS BANKRUPTCY NEWS today. The 29-page newsletter contains stories with these headlines:
[02803] LEHMAN BROTHERS TO END BANKRUPTCY THIS YEAR, SAYS LAWYER
[02804] LCPI'S MOTION TO APPROVE DEAL WITH GREENBRIER, ET AL.
[02805] MERIT, ET AL.'S MOTION TO EXTEND EXCLUSIVE PERIODS
[02806] DEBTORS' MOTION TO APPROVE CLAIMS ADR PROCEDURES
[02807] DEBTORS' MOTION TO APPROVE CLAIMS SETTLEMENT PROCEDURES
[02808] DEBTORS' MOTION TO ISSUE SUBPOENAS FOR DEPOSITION
[02809] DEBTORS' MOTION TO APPROVE SETTLEMENT WITH SWEDBANK
[02810] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS
[02811] DEBTORS' APPLICATION TO HIRE FOSTER GRAHAM AS COUNSEL
[02812] DEBTORS' APPLICATION TO EMPLOY WEIL GOTSHAL AS COUNSEL
[02813] DEBTORS' APPLICATION TO EMPLOY PAUL HASTINGS AS COUNSEL
[02814] DEBTORS' APPLICATION TO EMPLOY CMP AS CONFLICTS COUNSEL
[02815] J. TAYLOR'S MOTION TO DETERMINE INAPPLICABILITY OF STAY
[02816] FIDELITY'S MOTION FOR LCPI TO COMPLY WITH INSURANCE TERMS
[02817] DEBTORS' OMNIBUS OBJECTIONS TO CLAIMS
[02818] STIPULATION ELEVATING PARTICIPATION INTERESTS IN MACH GEN
[02819] ADVERSARY PROCEEDING -- LBHI vs. JPMorgan Chase Bank
[02820] ADVERSARY PROCEEDING -- Brooklyn Hospital vs. Aurora Bank
[02821] ADVERSARY PROCEEDING -- Tempe Life vs. LBSF
[02822] CONTRACTS ASSIGNED TO BARCLAYS AS PART OF LBI SALE
[02823] CREDITORS TRANSFER CLAIMS TOTALING $2BB+ IN JAN. 2011
[02824] CLAIMS TRANSFERRED IN LEHMAN CASE TOTAL $28.8BB IN 2010
[02825] CLAIMS WITHDRAWAL -- January 31 to February 8, 2011
[02826] LBI TRUSTEE'S MOTION TO ENFORCE STAY & COMPEL UBS PAYMENT
[02827] NEWPORT GLOBAL'S MOTION FOR TRUSTEE TO EXECUTE AFFIDAVIT
[02828] STIPULATION RESOLVING LBI AND CALPERS' TRANSACTIONS
[02829] STIPULATIONS REQUIRING THE RETURN OF MISDIRECTED TRANSFER
[02830] STIPULATIONS CLOSING TRANSACTIONS BETWEEN LBI & BANKS
[02831] OBJECTIONS TO LBI TRUSTEE'S DENIAL OF 100++ CLAIMS
[02832] CALPERS SUES EX-LEHMAN EXECS, BOND UNDERWRITERS
[02833] LBHI, LB BANKHAUS CREDITORS REACH $6.6-BIL. SETTLEMENT
[02834] FED CONSIDERED OUSTING EX-LEHMAN CEO, E-MAIL SHOWS
[02835] ITALIAN COURT ORDERS SEIZURE OF LEHMAN EUROPE'S ASSETS
[02836] SEOUL COURT RULES IN FAVOR OF LEHMAN IN DERIVATIVES CASE
[02837] HKMA REPORTS PROGRESS OF PROBE ON LEHMAN-RELATED CASES
[02838] MOODY'S TO REVIEW 52 CERTIFICATES IN LEHMAN DEALS
[02839] FRANKLIN, ET AL. DISCLOSE STAKE IN LEHMAN BROTHERS
[02840] LBHI DISCLOSES INABILITY TO PROVIDE INFO IN FORM 13-F
A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN|BROTHERS">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN|BROTHERS</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
LEHMAN BROTHERS BANKRUPTCY NEWS tracks the restructuring of Lehman Brothers Holdings Inc.
How to Subscribe to LEHMAN BROTHERS BANKRUPTCY NEWS
LEHMAN BROTHERS BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving LEHMAN BROTHERS BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=LEHMAN|BROTHERS">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=LEHMAN|BROTHERS</a>
Company: Bankruptcy Creditors' Service, Inc.BCSI reports on latest events arising in the chapter 11 cases commenced by Lehman Brothers Holdings Inc.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 69 of LEHMAN BROTHERS BANKRUPTCY NEWS today. The 29-page newsletter contains stories with these headlines:
[02803] LEHMAN BROTHERS TO END BANKRUPTCY THIS YEAR, SAYS LAWYER
[02804] LCPI'S MOTION TO APPROVE DEAL WITH GREENBRIER, ET AL.
[02805] MERIT, ET AL.'S MOTION TO EXTEND EXCLUSIVE PERIODS
[02806] DEBTORS' MOTION TO APPROVE CLAIMS ADR PROCEDURES
[02807] DEBTORS' MOTION TO APPROVE CLAIMS SETTLEMENT PROCEDURES
[02808] DEBTORS' MOTION TO ISSUE SUBPOENAS FOR DEPOSITION
[02809] DEBTORS' MOTION TO APPROVE SETTLEMENT WITH SWEDBANK
[02810] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS
[02811] DEBTORS' APPLICATION TO HIRE FOSTER GRAHAM AS COUNSEL
[02812] DEBTORS' APPLICATION TO EMPLOY WEIL GOTSHAL AS COUNSEL
[02813] DEBTORS' APPLICATION TO EMPLOY PAUL HASTINGS AS COUNSEL
[02814] DEBTORS' APPLICATION TO EMPLOY CMP AS CONFLICTS COUNSEL
[02815] J. TAYLOR'S MOTION TO DETERMINE INAPPLICABILITY OF STAY
[02816] FIDELITY'S MOTION FOR LCPI TO COMPLY WITH INSURANCE TERMS
[02817] DEBTORS' OMNIBUS OBJECTIONS TO CLAIMS
[02818] STIPULATION ELEVATING PARTICIPATION INTERESTS IN MACH GEN
[02819] ADVERSARY PROCEEDING -- LBHI vs. JPMorgan Chase Bank
[02820] ADVERSARY PROCEEDING -- Brooklyn Hospital vs. Aurora Bank
[02821] ADVERSARY PROCEEDING -- Tempe Life vs. LBSF
[02822] CONTRACTS ASSIGNED TO BARCLAYS AS PART OF LBI SALE
[02823] CREDITORS TRANSFER CLAIMS TOTALING $2BB+ IN JAN. 2011
[02824] CLAIMS TRANSFERRED IN LEHMAN CASE TOTAL $28.8BB IN 2010
[02825] CLAIMS WITHDRAWAL -- January 31 to February 8, 2011
[02826] LBI TRUSTEE'S MOTION TO ENFORCE STAY & COMPEL UBS PAYMENT
[02827] NEWPORT GLOBAL'S MOTION FOR TRUSTEE TO EXECUTE AFFIDAVIT
[02828] STIPULATION RESOLVING LBI AND CALPERS' TRANSACTIONS
[02829] STIPULATIONS REQUIRING THE RETURN OF MISDIRECTED TRANSFER
[02830] STIPULATIONS CLOSING TRANSACTIONS BETWEEN LBI & BANKS
[02831] OBJECTIONS TO LBI TRUSTEE'S DENIAL OF 100++ CLAIMS
[02832] CALPERS SUES EX-LEHMAN EXECS, BOND UNDERWRITERS
[02833] LBHI, LB BANKHAUS CREDITORS REACH $6.6-BIL. SETTLEMENT
[02834] FED CONSIDERED OUSTING EX-LEHMAN CEO, E-MAIL SHOWS
[02835] ITALIAN COURT ORDERS SEIZURE OF LEHMAN EUROPE'S ASSETS
[02836] SEOUL COURT RULES IN FAVOR OF LEHMAN IN DERIVATIVES CASE
[02837] HKMA REPORTS PROGRESS OF PROBE ON LEHMAN-RELATED CASES
[02838] MOODY'S TO REVIEW 52 CERTIFICATES IN LEHMAN DEALS
[02839] FRANKLIN, ET AL. DISCLOSE STAKE IN LEHMAN BROTHERS
[02840] LBHI DISCLOSES INABILITY TO PROVIDE INFO IN FORM 13-F
A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN|BROTHERS">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN|BROTHERS</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
LEHMAN BROTHERS BANKRUPTCY NEWS tracks the restructuring of Lehman Brothers Holdings Inc.
How to Subscribe to LEHMAN BROTHERS BANKRUPTCY NEWS
LEHMAN BROTHERS BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving LEHMAN BROTHERS BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=LEHMAN|BROTHERS">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=LEHMAN|BROTHERS</a>
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
Sunday, February 13, 2011
ASARCO Bankruptcy News, Issue No. 150
BCSI reports on latest events arising in the chapter 11 cases commenced by Asarco LLC, CAPCO Pipe Company Inc, Cement Asbestos Products Co, Encycle/Texas Inc, LAQ Canada Ltd, Lac d'Amiante Du Quebec Ltee and Lake Asbestos of Quebec Ltd.
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 150 of ASARCO BANKRUPTCY NEWS today. The 11-page newsletter contains stories with these headlines:
[02556] ASARCO LLC REPORTS 2010 FOURTH QUARTER FINANCIAL RESULTS
[02557] ASARCO AND SCC MERGER STILL UNDERWAY
[02558] PLAN ADMINISTRATOR'S OBJECTION TO VICTOR KARL'S CLAIM
[02559] BANKRUPTCY APPEAL -- ASARCO and Barclays re Fee Order
[02560] ASARCO SUES POTENTIALLY RESPONSIBLE PARTIES IN MISSOURI
[02561] ASARCO PROFESSIONALS SEEK FINAL FEES TOTALING $220-MIL.
[02562] PARTIES FILE NOTICES OF ADDRESS CHANGE
A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=ASARCO">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=ASARCO</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
ASARCO BANKRUPTCY NEWS tracks the restructuring of Asarco LLC, CAPCO Pipe Company Inc, Cement Asbestos Products Co, Encycle/Texas Inc, LAQ Canada Ltd, Lac d'Amiante Du Quebec Ltee and Lake Asbestos of Quebec Ltd.
How to Subscribe to ASARCO BANKRUPTCY NEWS
ASARCO BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving ASARCO BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=ASARCO">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=ASARCO</a>
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 150 of ASARCO BANKRUPTCY NEWS today. The 11-page newsletter contains stories with these headlines:
[02556] ASARCO LLC REPORTS 2010 FOURTH QUARTER FINANCIAL RESULTS
[02557] ASARCO AND SCC MERGER STILL UNDERWAY
[02558] PLAN ADMINISTRATOR'S OBJECTION TO VICTOR KARL'S CLAIM
[02559] BANKRUPTCY APPEAL -- ASARCO and Barclays re Fee Order
[02560] ASARCO SUES POTENTIALLY RESPONSIBLE PARTIES IN MISSOURI
[02561] ASARCO PROFESSIONALS SEEK FINAL FEES TOTALING $220-MIL.
[02562] PARTIES FILE NOTICES OF ADDRESS CHANGE
A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=ASARCO">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=ASARCO</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
ASARCO BANKRUPTCY NEWS tracks the restructuring of Asarco LLC, CAPCO Pipe Company Inc, Cement Asbestos Products Co, Encycle/Texas Inc, LAQ Canada Ltd, Lac d'Amiante Du Quebec Ltee and Lake Asbestos of Quebec Ltd.
How to Subscribe to ASARCO BANKRUPTCY NEWS
ASARCO BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving ASARCO BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=ASARCO">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=ASARCO</a>
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
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