San Antonio Attorney Blog

TransCare Ambulance in New York City informed their employees on Feb. 25, 2016 that the company is “being forced into liquidation under Chapter 7 of the Bankruptcy Code.” Despite the Chapter 7 bankruptcy, TransCare will render ambulance services in the Putnam County.  In the company’s restructuring plan, Putnam and Dutchess counties were covered but are [...]

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Considered as one of the biggest regional carriers, Republic Airways Holdings recently filed for bankruptcy.  It will carry out its restructuring plan while maintaining operations. The airline has been facing challenges such as pilot shortages and large network airline shifting to the usage of larger planes.  Based in Indianapolis, the airline flies in behalf of [...]

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North Carolina Gov. Patrick McCrory wants to send a team to Austin, Texas after Cintra’s subsidiary company initiated a bankruptcy filing. The company is also held responsible for the I-77 Project in Texas.  The subsidiary offices run the 130 toll lanes of the State Highway in the Austin area. However, SH 130 is currently experiencing [...]

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Texas toll road builder that runs State Highway 130 filed for Chapter 11 bankruptcy on March 2, 2016. Company officials clarified that the maneuver will not affect the operations of the State Highway 130 or any public funds. Robert Hinkle, Corporate Affairs Director for the North Texas-based developer Cintra, revealed that the filing is nothing [...]

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A bankruptcy court in Dallas, Texas has recently approved the sale of an old downtown skyscraper located at 1401 Elm St. Drever Capital Management, a firm based in California, offered to purchase the historical landmark of Dallas, the First National Bank tower at a price of $65 million. The developers have initially redeveloped the 52-story [...]

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The parent company of the 32 Bruegger’s Bagels bakeries located in the upstate area of New York announced on March 3, 2016 that it filed for Chapter 11 bankruptcy protection. The pioneer branch located at the Congress Street in Troy was not spared from the bankruptcy filing. HOT LLC, the proprietor of Bruegger’s Bagels and [...]

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Judge Mary Walrath in the United States Bankruptcy Court of Delaware has allowed retailer Sports Authority Holdings, owner of Sports Authority, to commence liquidation of its stores.  The company has been allowed to utilize up to $275 million of its bankruptcy loan. The sporting goods store has obtained $595 million worth of bankruptcy loans. The [...]

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The company has been fending off bankruptcy rumors since January, when the company stated that they missed a $20 million debt payment. The closings for the stores will be expected for the next three months.  An announcement will be made to which branches will be eliminated.  The bankruptcy filing will provide the opportunity to eradicate [...]

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Bulk Invest, a Norwegian bulk carrier, recently filed for bankruptcy after a botched restructuring proposal by a group of ship owners.  This occurred following the sale of the company’s charter business to the chairman. Bulk Invest’s malfunction in finances adds up to a roster of failed businesses in the dry bulk shipping industry due to [...]

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Sports Authority filed for Chapter 11 bankruptcy in a federal court in Delaware and currently employs 13,000 employees in 40 states. Nike and Under Armour are one of the top 10 unsecured creditors of Sports Authority.  The sports retail store owes $47.9 million to Nike and $23.2 million to Under Armour. The company stated that [...]

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