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Tag Archives: reorganization

American Airlines bankruptcy to have small impact

For most of the 240,000 passengers who fly American Airlines each day, the airline’s bankruptcy filing should have little noticeable impact. American continues to operate flights, honor tickets and take reservations. It says its frequent-flier program will be unaffected. Some ...

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Judge refuses to approve Delaware diocese reorganization

WILMINGTON, Del.  — A Delaware bankruptcy judge is refusing to approve the Catholic Diocese of Wilmington’s reorganization plan because it allows for the possibility of payments to pedophile priests. The judge’s ruling Thursday came after he heard arguments on the ...

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Washington Mutual again seeks approval of reorganization plan

WILMINGTON, Del. — Bank holding company Washington Mutual Inc. is asking a Delaware judge to approve its revised reorganization plan. The judge convened a three-day hearing Wednesday to consider the plan, which centers on the settlement of lawsuits pitting Washington ...

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WaMu reaches tentative deal with shareholders

WILMINGTON, Del. — Washington Mutual Inc. has reached a tentative agreement with shareholders that could resolve their long-standing objections to the bank holding company’s proposed reorganization plan. An attorney for WMI told a federal bankruptcy judge in Delaware on Tuesday ...

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Zell attorney objects to Tribune bankruptcy plans

WILMINGTON, Del. — An attorney for billionaire developer Sam Zell, who engineered a buyout that left Tribune Co. saddled with debt, says proposals to reorganize the media company’s finances aren’t fair to his client. Attorney David Bradford says the proposals ...

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Tribune creditors seek buyout info

WILMINGTON, Del. — Attorneys for creditors who oppose the Tribune Co.’s proposed reorganization plan are seeking more information related to the 2007 leveraged buyout that left the media conglomerate saddled with debt. A Delaware bankruptcy judge convened a hearing Monday ...

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