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American Airlines AMR Bankrupcty

The parent company of American Airlines and American Eagle, has filed for Chapter 11 bankruptcy in New York. American Airlines, the nation’s third largest carrier, cited high labor costs, surging fuel prices, and a volatile economy as their reasons for filing bankruptcy. AMR, which employs 88,000 people, is hoping to […]

American Apparel Struggles to Avoid Bankruptcy

American Apparel is a popular apparel company based in Los Angeles, California. The retail-clothing distributor currently employs approximately 10,000 people globally, 5,000 of which are in Los Angeles. American Apparel operates more than 285 retail stores in 20 countries. They announced last week that in an effort to avoid declaring […]

11-Year Old Indiana A/V Company Files for Chapter 11

Recently in Fort Wayne, Indiana Audio Visual Integration, Inc., has filed for Chapter 11 bankruptcy protection.  The company expects, according to its reorganization plans and President, Anthony Kohrman, to rejuvenate itself and lift itself from bankruptcy by the end of this year. Roughly six years ago, AVI was noted as […]

Hospital Seeks and Receives Extension for its Reorganization Plan

In Bristol Township, Pennsylvania, it was recently announced a US Bankruptcy judge will reside over a hearing, to determine whether or not Lower Bucks Hospital is worthy of an extension to present its reorganization plan to creditors. Judge Eric Frank has extended the filing from August 12th to the 31st; […]