The City of Vallejo has officially emerged from its three-year bankruptcy after a federal judge confirmed its Chapter 9 bankruptcy exit. U.S. Bankruptcy Judge Michael McManus posted a judgment on Friday that provides a short period of time for parties with some unfulfilled obligations to make an objection for the city’s exit plan. In an [...]
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Borders Group Inc’s plan to sell its real estate assets as well as its name was approved by a bankruptcy judge on Wednesday. The bookseller’s plan to auction its assets and name is its most recent move in the liquidation. U.S. Bankruptcy Judge Martin Glenn authorized the proposal to hold intellectual property rights auction on [...]
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Jackson Hewitt Tax Service Inc’s restructuring plan was approved by a court on Monday, paving the way for the tax preparer company to come out of bankruptcy. The agreement successfully completes a fast restructuring for the tax preparer company. It filed for bankruptcy protection in May under Chapter 11 with a prepackaged reorganization plan. U.S. [...]
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The Los Angeles Dodgers has agreed to accept Major League Baseball’s financing offer in order to keep the team operating while it is working on its bankruptcy exit. According to court papers filed, the Dodgers will take financing from the league for as much as $150 million. The agreement eliminates the team’s issue with the [...]
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