Chapter 11 protection

Lincoln Mill Bankruptcy Auction

by San Antonio Attorney

Approximately four entities have identified themselves as possible buyers for the Lincoln Paper and Tissue mill that was sold via a bankruptcy auction.  The auction was slated on Nov.  19. Sam Anderson, the company attorney, did a review for all the bids that were due to his office on Nov.  17. Although Lincoln Paper and […]

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Alpha Natural Resources, a coal company, reportedly paid $18,600 in monetary compensation to lawyer Chris Horner, before filing for chapter 11 this summer. Alpha Natural Resources, a Virginia based company that recently became bankrupt, paid Horner a hefty amount of $6,200 in each of the three payments.  Horner, an author and global warming skeptic, had […]

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The cost of Delaware’s Catholic Diocese of Wilmington’s bankruptcy case was $15.8 million in attorneys’ fees and other expenditures, based on documents filed in the U.S. Bankruptcy Court this week. The case was filed in 2009 while it faced lawsuits charging former priest Francis DeLuca’s of sexual abuse. The diocese emerged from bankruptcy in 2011 […]

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A New Jersey-based investment firm intends to acquire the bankrupt Northeast Philadelphia’s Deer Meadows Retirement Community for $30.25 million. Investment 360 L.L.C., of Lakewood, will make a stalking horse bid at an auction in August, based on court papers filed. A court hearing is set for Aug. 11 by U.S. Bankruptcy Judge Eric L. Frank. […]

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The owner of 14 office condos in Coral Springs filed for Chapter 11 bankruptcy, halting the upcoming foreclosure auction of the units. PNC Bank obtained a $7 million deficiency judgment against Lauren Enterprises, together with managers Ricardo Pedrosa and Sharon Pedrosa. It involved a $3.77 million loan from RBC Bank, which was afterwards procured by […]

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Clothing chain Love Culture Inc. is the most recent retailer of women’s wear to file bankruptcy protection. The sales in women’s apparel have been sluggish in the past several months. Retailers have been filing for bankruptcy since last year. Loehmann’s Holdings Inc., Coldwater Creek Inc., Ashley Stewart Holdings Inc. and Dots LLC all sought for […]

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