Company Bankruptcies

Mattress maker Simmons files for bankruptcy protection Simmons Co., maker of Beautyrest mattresses, has filed for bankruptcy protection. The privately held, Atlanta-based company filed a prepackaged Chapter 11 plan Monday in Delaware, listing assets between $500 million and $1 billion, and liabilities ...

Owners of Prive nightclub on Las Vegas Strip file for bankruptcy protection in Florida The owners of a nightclub and lounge on the Las Vegas Strip have filed for bankruptcy protection in Florida. Prive Vegas LLC and PVPH LLC filed Chapter 11 ...

Company formed to sell unwanted General Motors assets loses $100M since July Would you buy stock in a company that has assets of $1.5 billion, liabilities of $35 billion and only $60,000 in revenue in 2 1/2 months? Those were figures reported ...

Car seat supplier Lear sees '09 sales falling to $9.5 billion from $13.57 billion in 2008 Auto parts supplier Lear Corp., which emerged from bankruptcy protection two days ago, said Wednesday it expects sales this year will total $9.5 billion, well below ...

Tribune to pay back debt it took out to finance Chapter 11 bankruptcy proceeding Tribune Co., the owner of The Chicago Tribune, the Los Angeles Times and other news outlets, said Tuesday it will pay back $170 million worth of outstanding "debtor-in-possession" ...

Post-Chapter 11 Star Tribune to cut about 100 jobs; 30 of cuts to come from newsroom The Star Tribune is cutting about 100 jobs as Minnesota's largest newspaper further trims costs after emerging from bankruptcy protection. Editor Nancy Barnes says in a ...

Auto supplier Lear exits bankruptcy with less debt, new business despite autos downturn Auto parts maker Lear Corp. emerged Monday from four months in bankruptcy protection, saying it has a healthier balance sheet, less debt and a backlog of new business. A ...

FILE - In this July 31, 2007 file photo, a sign is shown outside Lear Corporation headquarters in Southfield, Mich. Lear Corp. on Monday, Nov. 9, 2009 said it has emerged from bankruptcy protection with a healthier balance sheet and a backlog ...

Advanta files for Chapter 11 bankruptcy protection; Advanta Bank not included in filing Small business credit card lender Advanta Corp. has filed for Chapter 11 bankruptcy protection. Its shares plunged more than 70 percent in midday trading Monday, dropping 25 cents to ...

Correction: CIT Group bankruptcy story In a Nov. 1 story about CIT Group's bankruptcy filing, The Associated Press erroneously reported that Brandes Investment Partners LP holds 9.7 percent of CIT Group's common stock. CIT's Chapter 11 filing lists Brandes as a shareholder ...