Court approves talks on sale of Hawker Beechcraft
The decision by the U.S. Bankruptcy Court for the Southern District of New York allows Hawker Beechcraft to enter into talks for the next 45 days with Superior Aviation Beijing Co. Ltd. As part of the exclusivity deal, Superior must make a $ 25 million …
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ResCap eyes up to .8 million bankruptcy bonuses, payouts
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) will make the first offer for a ResCap loan portfolio. The case is In re Residential Capital LLC, U.S. Bankruptcy Court, Southern District of New York, No. 12-12020. (Reporting by Jonathan …
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CIT Group repays 0M of high-cost debt
New York-based CIT filed for bankruptcy protection on Nov. 1, 2009. It restructured its debt quickly and emerged from bankruptcy protection that December, but was still weighed down by billions in high-cost debt. Since then, the company has been …
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