Search Results - bankruptcy
The now bankrupt Blockbuster Inc. announced today its plans to set itself up for auction and received an opening bid of $290 million from the four largest creditors. This strategy is intended to draw other potential buyers out from the woodwork as well as esta...
United States (Feb 21st, 11)
United States (Feb 21st, 11)
The bookstore chain Borders Group filed for Chapter 11 bankruptcy today and as a result will be permanently closing the doors on 200 stores across the nation. The company faced more than $1 billion in debt due to swift changes in the book market. Amazon has si...
United States (Feb 16th, 11)
United States (Feb 16th, 11)
Six Flags will be taken over by junior bondholders in a settlement deal which was reached after two weeks of bankruptcy proceedings.
The theme-part company came to the settlement on Friday, although it still has to be approved by U.S. Bankruptcy Judge Christo...
Business (Mar 20th, 10)
Business (Mar 20th, 10)