Chapter 11 Bankruptcy
American and American Eagle File for Chapter 11 Bankruptcy
After failing to secure cost-cutting labor agreements and sitting out a round of mergers, American went from being the world's largest airline to number 3 in the U.S. In filing for Chapter 11 in U.S. Bankruptcy Court in Manhattan
American Airlines and American Eagle's parent companies are filing for Chapter 11 bankruptcy protection. (Nov. 29) (/The Associated Press) Correction: Clarification: SuperFan badge holders consistently post smart, timely comments about Washington area
Lehman quickened its effort to get out of bankruptcy in July, after being mired in disputes as it neared three years in Chapter 11 proceedings. The defunct firm settled a fight with creditors by allotting more money to a group including Goldman Sachs
American Airlines parent files for Chapter 11 bankruptcy
Weighed down by losses, a weak economy and the ripple effects of Europe's financial crisis, the company is looking to reorganize. It says operations will continue as normal.
by Claude Solnik Melville-based Sbarro has completed its reorganization plan, allowing the firm to emerge from Chapter 11 bankruptcy with reduced debt and a $35 million capital infusion. The plan, approved by New York State Bankruptcy Court Judge
What Bankruptcy Means for Travelers and American Airlines: The Chapter 11 bankruptcy protection filing by American Airlines and its parent, AMR Corp., will likely not have much direct impact on travelers. American will no doubt get smaller,
A company tied to a prominent financial entrepreneur has filed for Chapter 11 bankruptcy protection, listing nearly $18 million in liabilities. Citizens Corp., based in Franklin, filed for Chapter 11 on Monday, according to court records.
s filing for bankruptcy protection and the outlook for the airline industry. The parent of American Airlines filed Chapter 11 papers after failing to secure cost-cutting labor agreements and sitting out a round of mergers that dropped it from the
