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Port City Cleaners, Inc., seeks authority from the U.S. Bankruptcy Court for the Southern District of Alabama to employ Galloway Wettermark Everest & Rutens, LLP, as attorney to the Debtor.

WIA Marketing, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire legal counsel in connection with its Chapter 11 case.

Global Tech Center Corp., seeks authority from the U.S. Bankruptcy Court for the District of Puerto Rico to employ Lozada Law & Associates, LLC, as counsel to the Debtor.

AP Xpress Bus Company, Inc., seeks authority from the U.S. Bankruptcy Court for the District of Maryland to employ Carla M. Dupree, CPA, as accountant to the Debtor.

Judge John E. Waites of the U.S. Bankruptcy Court for the District of South Carolina conditionally approved the disclosure statement with respect to a chapter 11 plan filed by Dorch Community Care Center LLC, a small business debtor, on February 28, 2017.

The Hon. Brenda Moody Whinery of the U.S. Bankruptcy Court for the District of Arizona has scheduled for May 3, 2017, at 10:15 a.m. the hearing to consider the approval of Green Fuel Technologies, LLC's disclosure statement dated April 11, 2017, referring to the Debtor's Chapter 11 plan dated April 11, 2017.

Homebuilder Century Communities, Inc., is offering $11.35 per share to purchase UCP. The activist bloggers at http://www.ReformPICONow.com provide details. "Century offers UCP shareowners $5.32 in cash and 0.2309 shares of Century Communities for each UCP share owned. The deal is worth about $11.35 per UCP share, depending on Century's stock price. Tangible book value of UCP is about $12.13 per share; the discount is about 5%.

Both the UCP and Century Boards have approved the deal. Both Boards will recommend it to their shareowners. PICO Holdings, majority owner of UCP, has entered into a Voting Agreement, whereby it will vote its roughly 57% stake in favor of the transaction.

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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...