Content about Unsecured creditor

December 20, 2011

Borders Group Inc. won court approval of the final details of its plans to dissolve, according to Bloomberg.

New York City -- Borders Group Inc. won court approval of the final details of its plans to dissolve, according to Bloomberg.

The bankruptcy judge finalized terms of creditor repayments Tuesday after five remaining objections were resolved, the report said. Unsecured creditors with $812 million to $850 million in claims will recover from 4% to 10%, probably “at the higher end of the range,” according to court papers.
 

March 3, 2011

Some landlords, vendors and other unsecured creditors of Blockbuster are objecting to Blockbuster's plan to sell itself because they fear they won't be paid what they are owed, according to the Associated Press.

New York City -- Some landlords, vendors and other unsecured creditors of Blockbuster are objecting to Blockbuster's plan to sell itself because they fear they won't be paid what they are owed, according to the Associated Press.

A hearing to approve the stalking horse bid and auction was originally scheduled for Wednesday, but was postponed late Tuesday until March 10 while the judge considers the objections.

June 17, 2010

Winn-Dixie Stores said late Thursday that it will distribute approximately 6.8 million shares to settle...

May 13, 2010

Bashas’ Supermarkets, which filed for Chapter 11 bankruptcy in July, said it expects a financing...

March 11, 2010

Simon Property Group said late Thursday that a new plan by mall owner General Growth...

January 25, 2010

Abacus Advisors LLC announced Tuesday that FB Liquidating Estate (formerly known as Filene’s Basement) confirmed...

December 10, 2008

KB Toys filed for bankruptcy protection for the second time in four years on Thursday,...

June 4, 2007

Philadelphia, Abankruptcy court...

March 7, 2005

Wilmington, Del., Agroup...