HAGERSTOWN — A bankruptcy court judge has approved the sale of Maryland’s only ski resort to a unit of a Kansas City-based real-estate investment trust for $23.5 million. A judge in Greenbelt approved the sale of the Wisp resort to ...

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In a grim turn of events for the nearly 2,000 workers at the Sparrows Point steel mill, the reported high bidder for its assets is a well-known, international company that specializes in auctioning off equipment at closed plants.

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The Chesapeake Bay Foundation and the Maryland Department of the Environment are calling for the potential sale of the Sparrows Point steel mill to be rejected if the deal does not contain clear language about what the new owner needs to do to clean up the site.

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A federal bankruptcy judge in Delaware will hold a hearing next month to address appeals challenging his approval of the Tribune Co.’s reorganization plan. Judge Kevin Carey told attorneys on Wednesday that he will hold the hearing on Aug. 17. ...

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Indianapolis Downs LLC reached a settlement with the property’s former manager, the Cordish Cos., according to Bloomberg. The settlement simplifies the process of winning approval of the reorganization plan at an Aug. 22 confirmation hearing. The track and Cordish were ...

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Barring a last-minute infusion of cash by bankers or owner Ira Rennert – or an improbable sale to a new company – RG Steel LLC and its flagship plant, Sparrows Point, seem fated for a sad ending. I make this ...

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The latest reform of the Bankruptcy Code did not eliminate a longstanding protection for dissenting creditors when there’s a “cram down” under the Chapter 11 plan of an individual debtor in possession, the 4th U.S. Circuit Court of Appeals has ...

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RICHMOND, Va. — The Roomstore Inc. plans to sell its assets at an auction, including the inventory at its stores. The Goochland County-based retailer filed for Chapter 11 bankruptcy protection last December. It has asked a federal Bankruptcy Court judge ...

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WILMINGTON, Del. — A federal judge in Delaware is close to deciding whether Tribune Co. can emerge from Chapter 11 bankruptcy protection. The judge indicated after a hearing Friday that he would rule on the media conglomerate’s latest reorganization plan ...

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The Supreme Court took up a complicated bankruptcy case last week, parsing the language of the Bankruptcy Code to determine if a Chapter 11 debtor must give a secured creditor the right to credit bid items being sold at auction. ...

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