Chapter 11


American Suzuki Motor Corp Files For Chapter 11 Bankruptcy

American Suzuki Motor says it decided to exit the car business because of slow sales, unfavorable foreign exchange rates and high costs due to U.S. regulatory requirements

WWJ Newsradio 950–11/06/2012


Mortgage Unit Of Ally Financial Files For Bankruptcy

It still owes the government just under $12 billion from a $17.2 billion dollar loan it got during the financial meltdown of 2008 and ’09.

WWJ Newsradio 950–05/14/2012

Solar panels (credit: Wikimedia)

ECD, United Solar File Chapter 11

Citing high debt and legacy costs, Energy Conversion Devices Inc. and its solar panel manufacturing subsidiary United Solar Ovonic LLC filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Eastern District of Michigan.

WWJ Newsradio 950–02/14/2012


American Laser Centers Files For Bankruptcy Protection

A Farmington Hills-based company that leads the nation in so-called medi-spa services and has more than 100 locations across the nation has filed for bankruptcy protection.

WWJ Newsradio 950–12/31/2011


Who Wins, Who Loses When Borders Exits?

Analysts are busy assessing the potential winners and losers when Borders Group begins the process of going out of business.

WWJ Newsradio 950–07/20/2011


Borders Sold To Investment Firm

Ann Arbor-based bookseller Borders Group, reorganizing under Chapter 11 bankruptcy protection, has agreed to be purchased by Phoenix-based investment firm Najafi Cos.

WWJ Newsradio 950–07/01/2011

Whitcoulls Enters Administration

Borders Execs To Get Bonuses

While Borders Group struggles to emerge from bankruptcy protection, it will be able to pay its top executives large bonuses.

WWJ Newsradio 950–04/23/2011

Borders customer Gary Harrison visits Grosse Pointe store 2-14

Borders Gets Temporary Financing, Plans Store Clearance Sales

A federal bankruptcy judge grants Borders Group interim approval of temporary financing and approves a plan to close 200 stores.

WWJ Newsradio 950–02/18/2011