New Braunfels Bankruptcy - Bankruptcy News
Atlanta software startup VuBotics files for Chapter 11Startup software firm VuBotics Inc. filed Wednesday for Chapter 11 bankruptcy protection after only three years in business. (RIMM)
 Williams to lead WaMu through bankruptcy caseWashington Mutual will shell out $700,000 over the next four months for a new president to lead the company through its Chapter 11 case, currently making its way through U.S. Bankruptcy Court in the District of Delaware.
 Bailout for automakers? St. Louis bankers say noSt. Louis bankers spoke firmly against a federal bailout of Detroit automakers at a conference Wednesday at Webster University.
 AIA billings index plummetsThe American Institute of Architects’ Architecture Billings Index — an indicator of construction activity — fell in October to its lowest level since 1995.
 National Harbor gets $35MPrince George’s County Council will issue $35 million in bonds to pay for public facilities and improvements at National Harbor.
 Pa., N.J. among least competitive states, think tank saysPennsylvania and New Jersey are among the least competitive states in the country when it comes to attracting and keeping businesses, according to a report released Wednesday.
 Southwest Airlines makes bid for LaGuardia slotsSouthwest Airlines Co. has applied to take over ATA Airlines’ gates at New York’s LaGuardia Airport. (LUV)
 Southwest bids for slots at LaGuardiaSouthwest Airlines Co. said Wednesday that the airline is bidding to acquire ATA Airlines’ rights to 14 slots at LaGuardia Airport, a move that would allow the Dallas-based airline to conduct seven daily round-trip flights into New York. (LUV) (AMR) (DAL) (LCC)
 AIA billings index plummetsThe American Institute of Architects’ Architecture Billings Index — an indicator of construction activity — fell in October to its lowest level since 1995.
 National Harbor gets $35MPrince George’s County Council will issue $35 million in bonds to pay for public facilities and improvements at National Harbor.
 Wareham Group files Chapter 7The owner of The Wareham Group P.C. law firm has filed for Chapter 7 liquidation bankruptcy, according to court documents.
 Southwest Airlines bids on LaGuardia slotsSouthwest Airlines said Wednesday that it is competing for space at New York’s LaGuardia Airport. (LUV)
 Southwest Airlines bids on LaGuardia slotsSouthwest Airlines said Wednesday that it’s competing for space in New York’s LaGuardia Airport. (LUV)
 Knight Foundation to help fund King memorialThe John S. and James L. Knight Foundation in Miami plans to make a announcement Wednesday morning regarding a major donation to the Martin Luther King Jr. National Memorial Project Foundation.
 Southwest bids for ATA’s LaGuardia slotsSouthwest Airlines Co. said Wednesday that the airline is bidding to acquire ATA Airlines’ rights to 14 slots at LaGuardia airport -- a move that would allow the Dallas-based airline to conduct seven daily round-trip flights into New York. (LUV)
 SciClone Pharmaceuticals gets $6M in debt financingSciClone Pharmaceuticals Inc. secured $6 million in debt financing from Silicon Valley Bank. (SCLN)
 South Florida's connections to China poised to growMiami on Wednesday will become the official home of the Asia America Equity Exchange (AAEE), a group that will promote investment between North and South America and China.
 AutoNation's Jackson pushes for Detroit bailoutAutoNation CEO Mike Jackson says Washington’s transition period may be an obstacle to solving the domestic auto industry crisis.
 KRON owner may face Chapter 11Unable to sell its KRON-TV station in San Francisco, Young Broadcasting says it may be forced to file for Chapter 11 bankruptcy protection.
 Boeing buys Digital Receiver TechnologyDigital Receiver Technology Inc. has entered into a definitive agreement to sell its operation to aerospace giant Boeing Co.
 Honda to make natural gas Civic in IndianaIn dedicating its new Indiana plant this week, Honda Motor Co. Ltd. officials also announced the facility will begin producing a compressed natural gas-powered car next year.
 GM to delay reimbursements to dealershipsGeneral Motors is delaying dealer reimbursements of rebates and other sales incentives, a sign that the corporate giant is having cash flow problems, according to a report by the Associated Press.
 GM to delay reimbursements to dealershipsGeneral Motors is delaying dealer reimbursements of rebates and other sales incentives, a sign that the corporate giant is having cash flow problems, according to a report by the Associated Press.
 General Motors to delay dealer reimbursementsGeneral Motors Corp. is delaying dealer reimbursements of rebates and other sales incentives, a sign the corporate giant is having cash flow problems, according to a report by the Associated Press. (GM)
 General Motors to delay dealer reimbursementsGeneral Motors Corp. is delaying dealer reimbursements of rebates and other sales incentives, a sign the corporate giant is having cash flow problems, according to a report by the Associated Press. (GM)
 General Motors to delay dealer reimbursementsGeneral Motors Corp. is delaying dealer reimbursements of rebates and other sales incentives, a sign the corporate giant is having cash flow problems, according to a report by the Associated Press. (GM)
 GM to delay reimbursements to dealershipsGeneral Motors is delaying dealer reimbursements of rebates and other sales incentives, a sign that the corporate giant is having cash flow problems, according to a report by the Associated Press.
 Marnella Homes exits bankruptcyThe first local home builder to seek protection from creditors in U.S. Bankruptcy Court has become the first to exit.
 GM to delay reimbursements to dealershipsGeneral Motors is delaying dealer reimbursements of rebates and other sales incentives, a sign that the corporate giant is having cash flow problems.
 GM to delay reimbursements to dealershipsGeneral Motors is delaying dealer reimbursements of rebates and other sales incentives, a sign that the corporate giant is having cash flow problems, according to a report by the Associated Press.
 Accentia subsidiaries seek to block leaseA pair of Accentia Biopharmaceuticals Inc. subsidiaries, AutovaxID and Biovax, are asking the U.S. Bankruptcy Court in Tampa, Fla., to reject a lease for 24,000 square feet of office warehouse space in St. Louis’ Hill neighborhood.
 AZ lawmaker: Let auto makers file bankruptcyMesa Congressman Jeff Flake said Monday that troubled U.S. auto makers should go into the bankruptcy and try to reorganize rather than relying on a federal bailout.
 Lazydays plans to restructure debtIn a move to preserve cash amid a downturn in the market for recreational vehicles, Lazy Days RV Center Inc. said it elected not to make an interest payment due to holders of its senior notes.
 Pinto & Hobbs files for bankruptcyPinto & Hobbs Inc., a restaurant in Albany’s Center Square neighborhood, filed for bankruptcy protection on Monday as its owners are attempting to sell the property.
 Forsee freezes hiring in MU SystemUniversity of Missouri System President Gary Forsee said Monday that he has frozen hiring of administrative, staff and faculty positions, effective immediately, because of the teetering economy and forecasts for more of the same.
 Wounded soldiers to receive advanced trauma careBrooke Army Medical Center (BAMC) has been selected as a site for a new clinical trial that will evaluate the effectiveness of shockwave therapy for treating complex wounds in a military trauma hospital environment.
 Thomas Properties wants the rest of its loan from Lehman for Austin dealAn affiliate of Thomas Properties Group Inc. has filed a motion in U.S. Bankruptcy Court in New York in an attempt to secure a $100 million revolving loan it was supposed to get from Lehman Brothers Holdings Inc.
 Honda to make CNG cars in GreensburgOfficials with Honda Motor Co. Ltd. officials today announced that the plant that they opened last month in Greensburg, Ind., in 2009 will begin producing the Honda Civic GX, a compressed natural gas-powered car.
 Antioch Co. files for Chapter 11One of the Dayton area’s largest companies has filed for bankruptcy court protection from creditors.
 Antioch Co. files for bankruptcyOne of the Dayton region’s largest companies has filed for Chapter 11 bankruptcy protection.
 Level 3 buying up debtLevel 3 Communications Inc. is offering to buy back $1.14 billion worth of debt the company has coming due in the next two years, and will fund part of the purchase with the issuance of $400 million in new debt due three years later, the company announced Monday. (LVLT)
 Remuda Ranch to treat anxiety disordersRemuda Ranch, which focuses on eating problems, has launched a new treatment program for women with anxiety disorders.
 Junior Achievement poll: Fewer teens want to start own businessesA Junior Achievement survey shows that fewer teens are interested in going into business for themselves.
 PR Pharmaceuticals files Chapter 11PR Pharmaceuticals Inc. has filed for Chapter 11 bankruptcy protection, according to court documents. (SRDX)
 Cary businessman sentenced to 24 months in prisonA man who pleaded guilty to marketing illegal tax shelters through his Cary-based operation was sentenced earlier this month to 24 months in federal prison.
 Baker Development files Chapter 11A South Florida company with plans to develop in Baker County has filed for Chapter 11 bankruptcy.
 NFL refinances to remove uncertainty from its booksThe NFL rolled its $1.4 billion credit line into a four-year term loan, meaning that unless the deal is refinanced, the league will have to pay back $350 million in 2011, the year the sport could be locking out its players, and the remainder of the loan in 2012.
 Second lawsuit filed against Russ Darrow III’s auto groupA second automotive financing firm is suing Russ Darrow III’s Darrow Automotive Group for alleged loan defaults.
 Monument Realty sued for Watergate garage deteriorationMore than 15 months ago, the Watergate Hotel shut its doors to prepare for major renovations that would rebrand one of the premier addresses in Washington.
 Consumer bankruptcies rise dramatically during OctoberMonthly consumer bankruptcy filings topped 100,000 in October for the first time since a law that forces more debtors to pay off more of their debts went into effect three years ago.
 On Washington’s birthday a present from MirantPainter Patrick Kirwin and sculptor Chris Erney have spent the last two years and $42,000 on materials crafting a mural the length of four football fields along the Mount Vernon bike trail in Alexandria.
 Federal judge nixes $430K bonus for Fieldstone execsEight months after a bankruptcy judge ruled that Fieldstone Mortgage Co. officers could get bonuses for staying with the company through Chapter 11, a federal court has reversed the decision.
 Provident Bank settles dispute over health costsProvident Bank and RSM McGladrey Insurance Services have settled a dispute over the bank’s health care expenses.
 Sprint must dial up successful cost-cutting efforts, analysts saySprint Nextel Corp. needs to continue shedding costs as part of its efforts to stage a turnaround, and a planned deal to move its WiMAX unit to a new company will provide a boost.
 Study: Startups rely far more on banks than on friends, familyBank loans are a far more important source of startup capital than are investments by friends and family members, according to a new report by the Kauffman Foundation.
 Get lean, get tough and jump on downturn’s opportunitiesAnyone who survived the last down market knows there are diamonds in the rubble of a broken economy. While everyone else is fleeing for the hills, a smart, lean startup company can find its greatest fortune.
 Globe shows red ink as Times faces cash crunchHere’s a head-turning headline you won’t see in The Boston Globe: The venerable broadsheet told its unions it was losing close to $1 million a week as recently as this summer.
 Gov.’s relationship with business strained by oil and gas rancorColorado Gov. Bill Ritter embarks on an Asian trade mission with local business leaders on Saturday, Nov. 15, but his standing with the oil and gas industry and those who distrust labor unions remains testy at best.
 Michael Brandt, Duke MBA prof, teaches using real-world lessonsDURHAM – It’s Monday morning, and Michael Brandt displays a chart on the overhead in front of his master’s of business administration class.
 Croscill bought by Patriarch Partners; future of Triangle ops unclearDURHAM – A new owner has stepped in to revive sales at Croscill Inc., maker of some of the most popular styles of bedding, bath and window treatment products sold in the U.S., but the future of the company’s manufacturing and distribution operations in Durham, Oxford and Henderson is still unclear.
 Election opens door to Cisneros connectionSan Antonio business leader Red McCombs was one of three Texas chairs for Sen. John McCain’s presidential campaign.
 Studio Arena creditors face Dec. 1 deadlineJust two weeks remain for creditors to place final claims against Studio Arena Theater, the downtown theater that filed for bankruptcy protection in June.
 Court strips Rua of Christopher’s clothing storeIt was the 1st of July, and Vince Rua was taking extraordinary steps to save the business he founded 12 years ago, Christopher’s Men’s Stores.
 Community banks weigh TARPThe federal government has dangled a $250 billion carrot in front of the U.S. banking industry through the Treasury Department’s Troubled Asset Relief Program and most of the big boys are gobbling it up.
 Destiny Nightclub changing hands, avoids liquor license foreclosureA Universal Studios-area nightclub will avoid the possible foreclosure of its liquor license thanks to the club’s pending Chapter 11 bankruptcy sale.
 Business is booming for debt-consolidation companies as more people seek helpA year ago, Sarah Leineke had 150 clients. Now, she has more than 450.
 SBA allowing lenders to charge higher rates on 7(a) loansThe Small Business Administration hopes to encourage lenders to resume making 7(a) business loans by letting them charge higher interest rates.
 Holiday season will be a big test for retailersAcross the board, from Saks Fifth Avenue to Target, retailers are projecting a very blue Christmas. (TGT) (HVT) (HD) (SKS) (JWN)
 Owner of winery complex in Lockeford files Chapter 11The company that owns the Vino Piazza winery complex near Lodi has filed for Chapter 11 bankruptcy protection.
 West Shore Associates files for bankruptcy protectionTAMPA — The owner of the former Wenczel Tile Co. property on South West Shore Boulevard is seeking bankruptcy court protection four years after buying the site out of bankruptcy.
 Credit crisis counselorsIn the two months since local mortgage giants Fannie Mae and Freddie Mac were seized by the government, more than 15 law firms across the Washington area have announced initiatives related to the financial crisis.
 Despite down economy, local and regional accounting firms growThe field of accounting has changed radically over the years, as have the firms that practice its science and art. It is a major part of one of the state’s picks – professional services – as a targeted high-paying growth cluster.
 Law firms shift priorities as bankruptcy, securities fraud heat upThe downturn in the economy forced many South Florida law firms to reorganize, shift priorities and, occasionally, make cuts. A few firms thrived despite the downturn, mostly because they were able to switch focus from business transactions to helping distressed companies.
 Jewelers looking on the bright side ahead of holidaysCut and clarity are well-known measures in the jewelry industry, but both might have new meaning this holiday season.
 SLU scraps $100 million plan for Grand and LindellA year after Saint Louis University announced a $100 million development for land it owns at Grand and Lindell, the school is no longer pursuing a mixed-use project backed by McCormack Baron Salazar.
 Eight months behind the scenes working out SteffenOne hundred bankers, city and state officials, and developers packed a room in the Old Post Office at the end of April to sort out the mess resulting from the shutdown of Pyramid Cos.
 Educare files for bankruptcyEducare Inc., a St. Louis-based company that operates three child care centers, has filed for bankruptcy protection from creditors it owes more than $1 million.
 Korea's Shinsegae wants to reopen CarrawayThe South Korean investment firm that pledged to inject $15 million into Physicians Medical Center Carraway says it now wants to purchase the shuttered hospital out of bankruptcy and reopen the 100-year-old facility.
 Economy pounds trucking bizCuts in manufacturing and the worsening economy have replaced soaring fuel costs as the biggest threats to transport companies.
 O’Donnell’s Accentia files bankruptcyAccentia Biopharmaceuticals Inc. has filed for bankruptcy, but chief executive Frank O’Donnell might have a source for additional financing — a private equity group he founded.
 Annual Walk to Cure Diabetes raises $2.1 million for researchEarlier this month, the annual Walk to Cure Diabetes drew more than 27,000 participants and raised $2.1 million for the Juvenile Diabetes Research Foundation.
 Lawsuit targets $44M Sunwest saleInvestors are challenging the sale of 10 East Coast properties of Sunwest Management Inc., a move that could hinder the company’s efforts to sell distressed assets and ward off bankruptcy.
 Proposed entertainment district gets nod from Sugar Land votersWhen Sugar Land residents went to the polls last week, they made it clear they want to attend name-brand concerts and professional baseball games — without having to drive to downtown Houston.
 Economic uncertainty encumbers SBA loan programsThe Small Business Administration’s loan programs got off to a poor start in October, the first month of the federal government’s new fiscal year.
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