AccuVal-LiquiTec Holds Successful Auction for Dock Manufacturer
AccuVal-LiquiTec held an auction in conjunction with Hackman Capital to liquidate the assets of a major manufacturer of floating boat docks.
AccuVal-LiquiTec held an auction in conjunction with Hackman Capital to liquidate the assets of a major manufacturer of floating boat docks.
Chadbourne & Parke announced that two prominent municipal bankruptcy lawyers, Lawrence A. Larose and Samuel S. Kohn, joined the firm’s Bankruptcy and Financial
Restructuring practice as partners. They come from Winston & Strawn, where they represented major creditors in municipal restructurings.
Dow Jones Business Wire reported that OnCure Holdings received bankruptcy court approval of its bankruptcy exit plan, which pays bondholders with proceeds from a $125 million sale of the company’s assets.
A Wall Street Journal blogger reported that cloud storage company Nirvanix filed for Chapter 11 bankruptcy in Delaware federal court.
Bloomberg reported that the New York City Opera filed for bankruptcy due to declining income and a failed fundraising effort; Kenneth Rosen of Lowenstein Sandler is serving as legal counsel.
The American Bankruptcy Institute said total commercial bankruptcy filings during the first nine months of 2013 decreased 23% from the same period in 2012.
The U.S. Bankruptcy Court, District of Arizona granted final approval to Swift Air’s proposed plan of reorganization, paving the way for the company’s emergence from bankruptcy protection by mid-October.
The Winston-Salem Journal reported that U.S. Bankruptcy Judge Christopher Sontchi approved Wednesday the latest Furniture Brandsbid by KPS Capital Partners, according to officials from Cohen Tauber Spievack & Wagner P.C.
Rotech Healthcare announced that it completed its financial restructuring and has emerged from Chapter 11. Proskauer Rose serves as legal advisor, Barclays as financial advisor and AlixPartners as restructuring advisor.
GateHouse Media and certain of its subsidiaries commenced voluntary Chapter 11 bankruptcy. Houlihan Lokey is acting as financial advisor to GateHouse; Young Conaway Stargatt & Taylor is acting as legal counsel.