Tag: bankruptcy
Sears Canada a model?
Sears Canada to Cut Jobs, Stores as It Enters Bankruptcy Protection… A trial run for the inevitable U.S. filing…
Sage of Omaha squares off against Elliott
A fascinating bankruptcy battle is likely to unfold in Energy Future Holdings… The crown jewel is the 80% stake in Oncor, the Texas utility… Warren Buffett wants to buy; he rarely raises his bids… Paul Singer holds the blocking position; he rarely gives up… The Texas PUC is the Kingmaker… The Wall Street Journal has […]
What is Chapter 11 Bankruptcy?
Simply put, Chapter 11 Bankruptcy is the rehabilitation or reorganization of a business (primarily) debtor to resolve debts. It is known as corporate bankruptcy because it is a form of corporate financial reorganization that typically allows companies to continue functioning and operating as a busienss while they follow debt repayment plans. “Chapter 11” is named […]
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