Bankruptcy Documents

Latest News for: Bankruptcy documents

ERP Iron Ore assets auctioned off

Duluth News Tribune 18 Oct 2018

ERP selected Illinois-based PPL Acquisition Group, LLC’s $6.8 million bid for its Minnesota assets near Grand Rapids, according to documents filed in Minnesota Bankruptcy Court Wednesday evening ... In July, ERP Iron Ore filed for Chapter 11 bankruptcy and hours later owner Tom Clarke told the News Tribune he would be scrapping the assets ... Senior Treasury employee charged with leaking documents related to Russia probe....

Edit

Union leader 'disgusted' by Tops Markets bonus plan

The Buffalo News 17 Oct 2018

Tops bankruptcy ... Exactly how much each executive would receive under the new bonus plan isn't disclosed in the Bankruptcy Court documents that outline the terms of the bonus plan ... DeRiso, however, said that the union plans to file documents in Bankruptcy Court charging that Tops has missed the deadline for making its August and September payments to worker 401(k) plans....

Edit

Charlevoix Kmart shoppers unhappy about closing news

Petoskey News-Review 17 Oct 2018

The Kmart store in Charlevoix is one which parent company Sears Holdings plans to close as it restructures its retail operations by way of Chapter 11 bankruptcy, according to a closing list that the company provided to the U.S ... The Charlevoix store is one of 142 retail locations which Sears plans to shut down in conjunction with its restructuring, according to bankruptcy court documents....

Edit

Sears' bankruptcy will have ripple effect, not all of it bad

The Times & Democrat 17 Oct 2018

NEW YORK (AP) — Sears' Chapter 11 bankruptcy filing will have ripple effects on everything from landlords to suppliers to workers ... The company will further shrink its workforce, which has already been reduced to 68,000 as of the bankruptcy filing from 90,000 earlier this year ... Here's a look at the bankruptcy's impact. ... Still, there will be plenty of vendors who will feel pain because of the Sears bankruptcy....

Edit

Sears’ bankruptcy will have ripple effect, not all of it bad

Star Advertiser 17 Oct 2018

NEW YORK >> Sears’ Chapter 11 bankruptcy filing will have ripple effects on everything from landlords to suppliers to workers ... The company will further shrink its workforce, which has already been reduced to 68,000 as of the bankruptcy filing from 90,000 earlier this year ... Here’s a look at the bankruptcy’s impact. ... Still, there will be plenty of vendors who will feel pain because of the Sears bankruptcy....

Edit

Tops again planning big bonuses for top executives — this time, post-bankruptcy

The Buffalo News 16 Oct 2018

And the new plan, as outlined in bankruptcy court documents, potentially could be even more valuable to the executives than the first plan, which was scrapped as part of a deal struck in June by the Amherst-based company to resolve a bitter, four-year pension dispute involving workers at its Lancaster warehouse ... years, according to court documents....

Edit

Tops, in bankruptcy, again planning big bonuses for top executives

The Post-Standard 16 Oct 2018

Edit

Tonawanda Coke files for bankruptcy

The Buffalo News 16 Oct 2018

The Chapter 11 bankruptcy filing would allow the company to reorganize its operations, although Tonawanda Coke said in court documents that it does not expect to have enough money to repay any of its unsecured creditors ... Tonawanda Coke owes money to between 100 and 199 creditors, according to Bankruptcy Court documents....

Edit

ERP ready for auction, but without a clear path forward

Hibbing Daily Tribune 16 Oct 2018

Merida Natural Resources, owned by Tom and Ana Clarke, said they were unable to contain commitments for about $50 million equity or debt financing to fund a reorganization plan, working capital and repair of the Reynolds Plant in Reynolds, Ind., according to a document filed Friday in U.S. Bankruptcy Court in Minnesota ... ERP has faced a bumpy road since it took over the project from Magnetation’s bankruptcy....

Edit

Heavily indebted Sears files for bankruptcy protection

Tyler Morning Telegraph 16 Oct 2018

NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business ... The company said Monday it has secured $300 million in financing from banks to keep the operations going through bankruptcy ... Sears joins a growing list of retailers that have filed for bankruptcy or liquidated in the last few years amid a fiercely competitive climate....

Edit

Sears files for bankruptcy amid plunging sales, massive debt

The Post and Courier 16 Oct 2018

NEW YORK — Sears Holdings filed for bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business ... The company said Monday it has secured $300 million in financing from banks to keep the operations going through bankruptcy ... Sears joins a growing list of retailers that have filed for bankruptcy or liquidated in the last few years amid a fiercely competitive climate....

Edit

Kmart in Rotterdam closing as Sears files for bankruptcy

Business Journal 16 Oct 2018

The Kmart at the ViaPort mall in Rotterdam, New York, will close as its parent company Sears files for bankruptcy. It's one of 142 Sears and Kmart stores that Sears Holdings Corp. (Nasdaq. SHLD) is closing across the country, including nine in the state of New York, according to documents filed with the United States Bankruptcy Court, Southern District of New York ... The 142 store… ... ....

Edit

The Corpus Christi, Tex., beef plant that kills 270,000 cattle annuall

Agweb 16 Oct 2018

Kane Beef, Corpus Christi, Tex., is now under court-ordered receivership. Burdened with massive debt, the beef plant that kills 270,000 cattle annually from 30 Texas feedlots is now under the control of former bankruptcy judge Richard S. Schmidt. According to court documents released Monday, the U.S ... Schmidt stressed the difference between receivership and bankruptcy ... “We supply meat across the country ... Back to news .......

Edit