marleniea's Space http://marleniea.posterous.com Most recent posts at marleniea's Space posterous.com Fri, 29 Jun 2012 21:56:00 -0700 American Airlines parent AMR wants more time to present turnaround plan in bankruptcy court http://marleniea.posterous.com/american-airlines-parent-amr-wants-more-time http://marleniea.posterous.com/american-airlines-parent-amr-wants-more-time

The exclusive period has already been extended once and was due to expire Sept. 28, but American will ask for a new deadline of Dec. 27. A federal judge is expected to rule on the request next week. New long-term labor contracts are a key piece of AMR’s plan to reduce costs and emerge from bankruptcy protection as a profitable, independent company.

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Fri, 29 Jun 2012 21:55:00 -0700 Stockton California Files for Bankruptcy Court Protection http://marleniea.posterous.com/stockton-california-files-for-bankruptcy-cour http://marleniea.posterous.com/stockton-california-files-for-bankruptcy-cour

Stockton said its biggest unsecured creditor is the California Public Employees’ Retirement System, or Calpers, , the largest U.S. pension fund, owed $147.5 million, followed by Wells Fargo Bank NA, as trustee for $124.3 million in pension obligation bonds, and Wells Fargo as trustee for three other sets of bondholders owed $107 million, according to court papers.

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http://posterous.com/images/profile/missing-user-75.png http://posterous.com/users/lEPSTwNNCkdZM Eleanor Bailey marleniea Eleanor Bailey
Sun, 03 Jun 2012 22:27:00 -0700 Washington area bankruptcy filing for the week of June 4 http://marleniea.posterous.com/washington-area-bankruptcy-filing-for-the-wee http://marleniea.posterous.com/washington-area-bankruptcy-filing-for-the-wee

Under Chapter 11 of the federal bankruptcy code, a company is protected from claims by creditors while it attempts to reorganize its finances under a plan approved by the court. In a Chapter 7 liquidation, a court trustee sells assets to pay creditors’ claims. The company then ceases operations.

 

To get copy of bankruptcy records

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http://posterous.com/images/profile/missing-user-75.png http://posterous.com/users/lEPSTwNNCkdZM Eleanor Bailey marleniea Eleanor Bailey