Debtor In Possession stories:
CIT, Icahn agree on restructuring plan
Oct 30th, 2009 - Reuters
NEW YORK (Reuters) - Billionaire investor Carl Icahn, who had challenged CIT Group Inc's restructuring plan, said on Friday he was now backing the company's pre-packaged bankruptcy and would provide an additional $1 billion in credit to the lender.
Simmons Agrees to Sale, Bankruptcy Filing to Cut Debt
Sep 25th, 2009 - Bloomberg
Sept. 25 (Bloomberg) -- Simmons Bedding Co. agreed to besold to affiliates of Ares Management LLC and Teachers’ PrivateCapital in a transaction that will reduce the mattress maker’sdebt to $450 million from $1 billion. Vendors...
Developer Crescent Resources files for Chapter 11
Jun 10th, 2009 - Reuters
* Co says filed Chapter 11 to allow for restructuring * Has secured DIP financing of $110 mln (Adds detail) NEW YORK, June 10 (Reuters) - Real estate developerCrescent Resources (CRC.
Court Backs Delphi Lenders in Bankruptcy Case
Jun 10th, 2009 - Wall Street Journal
A U.S. bankruptcy court Wednesday sided with a group of Delphi Corp. lenders who said a government-led plan to sell the auto-parts maker's operations to a private-equity fund trampled on their rights.
Visteon gets bankruptcy court OK to pay wages
May 29th, 2009 - Washington Post
WILMINGTON, Delaware (Reuters) - U.S. auto parts maker Visteon Corp <VSTN.PK> received interim court approval on Friday to pay employees, parts suppliers and vendors...
Debtor In Possession videos from YouTube:
1:18GM: New CEO with New Plan
sales, GM will offer to cover payments if customers lose their jobs- an offer already offered by rival Ford. Henderson a preplanned bankruptcy, while not ideal, is now more likely for GM thanks ...
9:22Accepted For Value Winston Shrout
100% correct for use in the UK in its current bankrupt state, I say current it was Bankrupt in 1869, evidenced by the Bankruptcy Act of 1869 now located and understood, we are in fact in the ...
9:13Accepted For Value Winston Shrout 2
100% correct for use in the UK in its current bankrupt state, I say current it was Bankrupt in 1869, evidenced by the Bankruptcy Act of 1869 now located and understood, we are in fact in the ...
5:28Inside the Deal: Winston & Strawn's Jeff Marwil on ...
So says Jeff Marwil, a partner at Winston & Strawn LLP. In this edition of Inside the Deal, Marwil, who heads the firm's restructuring and insolvency group, tells Suzanne Stevens that any ...
