Chapter 11

Chapter 11 Warner’s $33M Bid for Midway Games Close To Being Approved

Authored by Jay Baage on July 2, 2009 - 7:41am.

Chicago – Warner Bros. (NYSE: TWX) $33 million bid to buy "substantially all" the assets of Midway Games (NYSE: MWY) looks like its close to being approved. A Delaware bankruptcy judge said Wednesday that the objections to the Warner Bros. deal were resolved, clearing the way for the company to change owners, according to Chicago Tribune.

Rental Store Chain Movie Gallery Files for Bankruptcy

Authored by Mark Hefflinger on October 16, 2007 - 9:14am.

Dothan, Ala. - Movie Gallery, the nation's second-largest movie rental chain behind Blockbuster, announced on Tuesday that it has filed for Chapter 11 bankruptcy, and will close some of its stores as part of a reorganization plan.

America Online Latin America Files for Chapter 11

Authored by Mark Hefflinger on June 27, 2005 - 7:43am.

Fort Lauderdale, Fla. -- America Online Latin America, the exclusive provider of AOL services south of the U.S. border, announced on Friday that it has filed for Chapter 11 Bankruptcy protection. Included in the bankruptcy filing are AOL Latin America's subsidiaries AOL Puerto Rico Management Services, America Online Caribbean Basin, and AOL Latin America Management. AOL Latin America's other subsidiaries will continue normal operations, and its subscribers will continue to receive the America Online branded service without interruption, the company said.

tags: Internet | Latin | America | Chapter 11 |

Recoton Corp. Files for Chapter 11; Plans Total Liquidation

Authored by Mark Hefflinger on April 10, 2003 - 2:27am.

Lake Mary, Fla. -- Recoton Corp., a developer of consumer electronic accessories, audio products and video gaming products, has filed for Chapter 11 bankruptcy. The company plans to sell all its remaining assets and businesses. Recoton said that it has arranged for financing from Heller Financial Inc. and General Electric Capital Corp., the company's two senior lenders, to continue operations as it searches for buyers. Recoton said that it expects to sell all of its assets by the end of June.

tags: Chapter 11 | Liquidation | Recoton Corp |