BNET Business Dictionary
Business Definition for: Chapter 11
- the U.S. Bankruptcy Reform Act (1978) that entitles enterprises experiencing financial difficulties to apply for protection from creditors and thus have an opportunity to avoid bankruptcy
Additional Resources
- Lawsuits push Federal-Mogul to Chapter 11.(Federal-Mogul Corp. enters Chapter 11 for protection from asbestos lawsuits)(Brief Article)(Statistical Data Included)
- Federal-Mogul Corp. has joined the growing list of companies entering Chapter 11 for protection from asbestos lawsuits. The Southfield, Mich.-based automotive supplier filed Oct. 1 for protection under Chapter 11 in U.S. Bankruptcy Court in Wilming Federal-Mogul Corp. has joined the growing list of...
- Research articles 2001-10-08
- Newsclips.(Briefs)(Plymouth Rubber Co. Inc files for Chapter 11)(Performance Pipe closing Texas plant)(Spaulding Composites Inc. lays off up to 30 workers)
- Plymouth Rubber files for Chapter 11 CANTON, MASS. - Plymouth Rubber Co. Inc. filed for Chapter 11 protection from creditors July 5 in U.S. Bankruptcy Court in Boston so it could continue operations until a dispute over its secured lenders liens i Plymouth...
- Research articles 2005-07-11
- Bankruptcy Court Approves Charter's Reorg Plan; Could Emerge From Chapter 11 Within Weeks
- Nearly eight months after Charter Communications (NSDQ: CHTR) filed for Chapter 11, a bankruptcy court judge has endorsed the cable operators reorganization plan, the company announced. The news comes a day after it was disclosed that the St. Louis-based company’s chairman, Paul Allen, has been diagnosed with non-Hodgkin lymphoma....
- External links 2009-11-18
- W.R. Grace & Co. Files Voluntary Chapter 11 Petition to Resolve Asbestos Claims.
- W.R. Grace & Co., Columbia, MD, announced that it has voluntarily filed for reorganization under Chapter 11 of the United States Bankruptcy Code in response to a sharply increasing number of asbestos claims. This Chapter 11 filing includes 61 of W.R. Grace & Co., Columbia,...
- Research articles 2001-06-01
- Phoenix Restaurant Group files Chapter 11.(Brief Article)
- * Phoenix Restaurant Group Files Chapter 11 Phoenix Restaurant Group, Nashville, Tenn., has filed a voluntary Chapter 11 reorganization plan so that it can continue to serve its customers. The company also has executed a commitment letter for debtor- * Phoenix Restaurant Group Files Chapter 11...
- Research articles 2002-01-01
- MetroTEN Wireless files for Chapter 11. (Metropolitan Cablevision, operator of Cleveland's MetroTEN multichannel wireless company, files for bankrupycy case)
- MetroTEN Wireless Files for Chapter 11 Metropolitan Cablevision, operator of Cleveland's MetroTEN multichannel wireless company, filed for Chapter 11 protection last week. MetroTEN plans to continue operations and is working on a cash col ...
- Research articles 1991-04-08
- Cooper Tavern files for Chapter 11 in bid to reorganize. (Cooper Tavern restaurant)
- Cooper Tavern files for Chapter 11 in bid to reorganize RIDGEFIELD -- The owner of the Cooper Tavern at 37 Ethan Allen Highway has filed for Chapter 11 reorganization in U.S. Bankruptcy Court, listing assets of less than $50,000 and liabilities of $3Cooper Tavern files...
- Research articles 1991-07-08
- Pizza franchise operator seeks shelter of Chapter 11 bankruptcy. (Karam Enterprises Inc., Domino's Pizza franchisee) (company profile)
- Pizza franchise operator seeks shelter of Chapter 11 bankruptcy Hard economic times claimed another victim last week as the owner of three Domino's Pizza franchises was forced to file for Chapter 11 reorganization after state authorities demanded payPizza franchise operator seeks shelter of Chapter 11...
- Research articles 1991-04-08
- Reader's Digest Association Moving Toward Chapter 11
- NEW YORK (AdAge.com) -- Lenders are taking ownership of Reader's Digest Association away from the group of investors led by private-equity firm Ripplewood Holdings that bought the company for $2.4 billion in March 2007. Under a prepackaged Chapter 11 filing, Reader's Digest Association said today, Ripplewood will exit but the...
- News items 2009-08-17
- Most big chains in Chapter 11 expected to emerge. (Federated Department Stores Inc., Allied Stores Corp., Carter Hawley Hale Stores Inc., P.A. Bergner & Company Inc., Ames Department Stores Inc., Hills Department Stores Inc., and Stuarts Department St
- NEW YORK FNS -- Although the recession has made the rocky road out of Chapter 11 more difficult, bankruptcy specialists expect most major retailers currently reorganizing to make it. Troubles facing the retailers attempting to reorganize in Chapter 11 include: scar-city of post-confirmation...
- Research articles 1991-12-11
- Emerging Chapter 11 Issues in Bankruptcy Administration
- The increasing chapter 11 caseload does not so much present new issues for United States Trustees, as raise some difficult issues with greater frequency and in jurisdictions that have not encountered them before. Issues seen only rarely if at all by a United States Trustee, or issues that seemed peculiar...
- White papers 2003-01-01
- Federated, Allied file new chapter 11 plan. (includes related article on chain of events at Federated Department Stores, Inc. and Allied Stores Corp.'s chapter 11 case)
- CINCINNATI FNS --Federated Department Stores, Inc., and Allied Stores Corp. took a giant step toward emerging from bankruptcy when they filed a disclosure statement and amended Chapter 11 plan Monday. The plan offers to settle $8.2 billion in total debts and includes an...
- Research articles 1991-07-02
- ACA Joe's Chapter 11 plan goes into effect. (clothing retailer)
- ACA JOE'S CHAPTER 11 PLAN GOES INTO EFFECT SAN FRANCISCO FNS -- Aca Joe, Inc., said Tuesday its Chapter 11 reorganization plan, which was confirmed by Bankruptcy Judge Lloyd King last month, has gone into effect. Payment to creditors was...
- Research articles 1989-06-21
- Geonex files plan to end Chapter 11 case
- ST. PETERSBURG, Fla.--BUSINESS WIRE--Aug. 1, 1995--The Chapter 11 Trustee for Geonex Corp. announced today that he has filed a plan of reorganization in the company's Chapter 11 case.The plan was based on an agreement reached between the Trustee and the company's major creditor, Morgens Waterfall Income Partners, which was endorsed...
- Research articles 1995-08-01
- Choice One Communications Files `Pre-Packaged' Chapter 11 Plan to Achieve Previously Announced Financial Restructuring
- ROCHESTER, N.Y. -- Choice One Communications (OTCBB: CWON): --Files "pre-packaged" chapter 11 plan to achieve previously announced financial restructuring --Chapter 11 plan accepted by almost 100% of Company's lenders --Obtains commitments for $20 million of DIP financing for use during restructuring process, and for $30 million of...
- Research articles 2004-10-06
- Extension sought on Macy's plan. (R.H. Macy and Co. files motion for extension of deadline to file Chapter 11 reorganization plan to February 26, 1993) (Brief Article)
- NEW YORK FNS -- R. H. Macy & Co. has filed a motion to extend until Feb. 26, 1993, the time in which it exclusively has the right to file a Chapter 11 reorganization plan. Under bankruptcy law, within 120 days of a Chapter 11...
- Research articles 1992-05-14
- Macy's files Chapter 11. (R.H. Macy & Co.; contains related article on Macy's bonds and a timeline tracking Macy's financial decline)
- MACY'S FILES CHAPTER 11 NEW YORK FNS - R.H. Macy & Co. made it official Monday, filing a Chapter 11 petition to reorganize in bankruptcy court here. The company entered Chapter 11 armed with a commitment from Chemical Bank and Bankers Trust...
- Research articles 1992-01-28
- Hawaiian, Avianca file Chapter 11. (Airlines).(Brief Article)
- Hawaiian Airlines filed for Chapter 11 bankruptcy reorganization, saying it took this action so it could complete the restructuring process it began several months ago. Chairman and CEO John Adams characterized operations hereafter as 'business as usual," adding that Hawaiian hopes to emerge from Chapter 11...
- Research articles 2003-03-31
- Expects to close 51 stores: Friedman's exits Chapter 11.(SPOTLIGHT)
- Less than a year after filing for Chapter 11 bankruptcy protection, jewelry retailer Friedman's has emerged as a private company two-thirds its former size. The new chain will have 424 stores. Some 51 underperforming units were slated to close after the holiday season. When...
- Research articles 2006-02-01
- Will Former Chapter 11 Telcos Make It?
- With the number of bankrupt carriers emerging from Chapter 11 protection on the rise, there are those who already predict a spate of "Chapter 22" filings--featuring carriers going through their second Chapter 11 experience. WorldCom, ICG Communications, Flag Telecom, ITC Deltacom, Covad [COVD], McLeod USA [MCLD] and WilTel--with Global Crossing...
- Research articles 2002-11-13
