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Late on Friday, August 17, 2007 the firm filed for Chapter 11 bankruptcy protection. [5] [6] The filing stated that Sentinel estimated assets and liabilities as both exceeding $100 million, and estimated that it had over 200 creditors. The law firm of Goldberg Kohn Bell Black Rosenbloom and Moritz Ltd. was hired to represent them in the ...
Chicago-based hardware retailer True Value, which filed for Chapter 11 bankruptcy last week, could lay off nearly 900 employees in Illinois alone if the company isn’t sold during bankruptcy ...
In the spring of 2007, New Century ran into financial difficulties, and trading of its stock on the NYSE was halted. On April 2, 2007, it filed for Chapter 11 bankruptcy. [4] In July 2010, three officers of the company agreed to pay $90 million in settlements and were barred from serving as directors of public companies for five years. [5]
Companies that filed for Chapter 11 bankruptcy in 2023 (4 C, 165 P) Companies that filed for Chapter 11 bankruptcy in 2024 (171 P) Companies that filed for Chapter 11 bankruptcy in 2025 (9 P)
The nonprofit company served 12 communities of independent living, assisted living and long-term health services for seniors across Illinois, Indiana, Iowa and Missouri.
On May 21, 2020, Akorn filed for Chapter 11 bankruptcy and entered in to a Restructuring Support Agreement with lenders, which represents over 75 percent of its secured debt. The filing is to assist with an in-court sale of the company "while addressing litigation-related overhangs and best positioning the business for long-term success under ...
The Chapter 11 filing came after weeks of reports of the chain’s financial troubles. It closed nearly 50 restaurants nationwide in late October before declaring bankruptcy. And, in January, 36 ...
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]