chapter 11

Lenders, noteholders approve reorganization plan to reduce...

The GM you knew last year, at the core of the auto-industry meltdown doesn’t exist anymore. In it’s place is a much more trim and nimble GM that is poised for success.

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Burdened by debt from a 2005 private equity takeover, the Uno pizzeria chain's parent company filed for Chapter 11 protection Wednesday, with plans to give its lenders a controlling equity stake in exchange for debt.

After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and small businesses.

The Chicago Cubs are seeking Chapter 11 protection, a step that will allow its corporate parent to hand the team to new owners.

A bankruptcy judge has confirmed the plan of reorganization for Frontier Airlines, moving the Denver-based carrier a step closer to emerging from Chapter 11 protection.

If I were a bettin’ man, I’d put some money on a big airline filing for bankruptcy protection in the not-too-distant future.

Point is, one day — maybe soon — you could be flying the bankrupt skies. How will that affect your trip?

"Positive news for the company" as it joins the likes of Tribune and...

The publisher of Reader's Digest, the country's most popular general interest magazine, said Monday it will seek Chapter 11 protection from creditors amid declining circulation, an industrywide advertising slump and large debts.

Journal Register Co., publisher of the New Haven (Conn.) Register and other newspapers, said it has emerged from bankruptcy protection and secured new financing from its lenders, six months after making its Chapter 11 filing.