Bankruptcy News:
Bruno's Plan Confirmed
The U.S. Bankruptcy Court confirmed Bruno's Supermarkets' Plan of Liquidation. This privately-held supermarket chain filed for Chapter 11 protection in February 2009, stating that it would use the Chapter 11 process to "restructure the Company's operations to focus on its core strengths." Bruno's emerged from a 1998 Chapter 11 filing on January 27, 2000
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Holley Performance Products files for Chapter 11 Relief
Holley Performance Products and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 09-13333. The Company is represented by David B. Stratton of Pepper Hamilton. In documents filed with the Court, Holley Performance Products explains, "The Board of Directors of Holdings determined that the best course for the Company and its U.S. affiliates was to file petitions in chapter 11 to obtain the benefits of the Bankruptcy Code's automatic stay." The Company, which supplies performance automotive products, emerged
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Stamford Industrial Group files Chapter 11
Stamford Industrial Group filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Ohio, case number 09-43669. The Company, which manufactures' steel OEM products, is represented by James M. Lawniczak of Calfee, Halter & Griswold. In connection with such filing, Albert Weggeman, the Company's president and chief executive officer, and Jonathan LaBarre, the Company's chief financial officer, treasurer and secretary, will be leaving the Company as employees and officers. On September 14, 2009, the Company's wholly-owned subsidiary, Concord Steel, which constitutes substantially all of the Company's assets, filed for Chapter 11 protection.
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SemGroup disclosure statement approved
SemGroup announced that the U.S. Bankruptcy Court approved its Fourth Amended Disclosure Statement for its Plan of Reorganization, filed on September 22, 2009 to reflect a settlement with the official producers' committee. "The Fourth Amended Plan of Reorganization has the support of the company's Official Committee of Unsecured Creditors, the Official Producers Committee, and the Secured Lenders," said Terry Ronan, the company's president and chief executive officer. "We look forward to presenting our plan for confirmation and successfully concluding the Chapter 11 restructuring." The Court scheduled an October 26, 2009 hearing to consider confirming the Plan.
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