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By the Numbers (April 23rd, 2012)

Sunday, 22 April 2012 20:41
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For 2011, there were a total of 82 companies with assets of at least $100 million that filed for Chapter 11 bankruptcy, or an average of about 7 mega cases per month.  For fiscal year 2010, there were a total of 105 mega cases, or an average of about 9 per month.

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  • Takata Corp. et al. Proposes to Pay $47.4 Million to Key Vendors

    TK Holdings Inc. and other Takata Corp. units that have sought Chapter 11 protection are seeking approval from the U.S. Bankruptcy Court for the District of Delaware to pay $47.4 million of the $118 million owed to various third-party providers of goods and services.

    The Debtors are only seeking approval to pay the prepetition claims of "critical vendors", i.e. vendors, suppliers, service providers, and other similar parties and entities that are essential to maintaining the going concern value of the Debtors' businesses.

    Written on Tuesday, 27 June 2017 02:03 in Latest News Be the first to comment! Read 10 times Read more...