Posts Tagged ‘Bankruptcy Court’

Chrysler asks court to block state laws favoring rejected dealers

Chrysler Group has asked the U.S. Bankruptcy Court to pre-empt new state laws that seek to make it easier for rejected dealerships to win reinstatement.

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Old Chrysler earmarks nothing to repay U.S.

Chrysler won’t pay back any of the $3.7 billion still outstanding in U.S. Treasury loans made under the Troubled Asset Relief Program, according to the terms of a plan filed today in Bankruptcy Court.

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Visteon gets bankruptcy court OK for $150 million in financing

Struggling parts supplier Visteon Corp. received court approval on Thursday for several deals that will help it restructure operations and secure financing.

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Lear wins court approval of reorganization plan

Lear Corp. today received approval for its Chapter 11 bankruptcy reorganization plan from the U.S. Bankruptcy Court in New York, nearly four months after the company filed for protection.

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Visteon seeks more cash to fund operations in 2010

Supplier Visteon Corp. is seeking approval in U.S. Bankruptcy Court for a $150 million financing package to shore up cash levels that company executives project are likely to fall below the minimum needed to run the business by March 2010.

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Delphi set to emerge from four years of bankruptcy today

Delphi Corp., the former parts unit of General Motors that became a multibillion-dollar liability to the automaker, is preparing to leave Chapter 11 bankruptcy today after four years of court protection.

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Delphi set to emerge from four years of bankruptcy today

Delphi Corp., the former parts unit of General Motors that became a multibillion-dollar liability to the automaker, is preparing to leave Chapter 11 bankruptcy today after four years of court protection.

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‘New’ Delphi set to emerge from four years of bankruptcy today

Delphi Corp., the former parts unit of General Motors that became a multibillion-dollar liability to the automaker, is preparing to leave Chapter 11 bankruptcy today after four years of court protection.

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‘New’ Delphi emerges from four years of bankruptcy

Delphi, the former parts unit of General Motors that became a multibillion-dollar liability to the automaker, today emerged from Chapter 11 bankruptcy after four years of court protection.

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Visteon seeks more time for reorganization plan

Visteon Corp. is asking for more time to submit its reorganization plan to the U.S. Bankruptcy Court in Delaware. The plan was originally due Thursday.

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Visteon seeks more time for reorganization plan

Visteon Corp. is asking for more time to submit its reorganization plan to the U.S. Bankruptcy Court in Delaware. The plan was originally due Thursday.

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Court OKs reorganization of powertrain-parts maker J.L. French

J.L. French Automotive Castings Inc., which supplies engine blocks and transmission parts to the Detroit 3, today said it will shed much of its debt in a reorganization plan approved yesterday by a bankruptcy court.

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Rejected Chrysler dealerships lose appeal in bankruptcy court

A New York bankruptcy judge has rejected attempts by 11 rejected Chrysler dealerships to get their lost franchises back under state franchise laws.

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Lear gets court’s OK on bonuses if company emerges from bankruptcy

Lear Corp. won bankruptcy court approval Tuesday to pay 29 executives and managers $20.6 million in bonus payments if the company successfully emerges from bankruptcy.

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Lear files bankruptcy plan, may exit this year

Auto parts supplier Lear Corp. filed its reorganization plan in bankruptcy court, moving ahead with a deal to restructure about $3.6 billion of its debt burden and possibly exit bankruptcy protection this year.

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Lear files bankruptcy reorganization plan, may exit this year

Auto parts supplier Lear Corp. filed its reorganization plan in bankruptcy court, moving ahead with a deal to restructure about $3.6 billion of its debt burden and possibly exit bankruptcy protection this year.

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Lear files bankruptcy plan, may exit this year

Auto parts supplier Lear Corp. filed its reorganization plan in bankruptcy court, moving ahead with a deal to restructure about $3.6 billion of its debt burden and possibly exit bankruptcy protection this year.

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GM will fill up to 50 open points

DETROIT and#x2014; After selecting in Bankruptcy Court about 1,350 dealerships for termination, General Motors Co. now is saying it will fill open points.

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Visteon seeks to cut retiree health benefits

Visteon Corp argued in bankruptcy court on Friday it needed to curtail health-care insurance for about 7,700 retirees and employees. The former Ford Motor Co.

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Visteon seeks to cut retiree health benefits

Visteon Corp argued in bankruptcy court on Friday it needed to curtail health-care insurance for about 7,700 retirees and employees. The former Ford Motor Co.

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Chrysler seeks to block dealers from suing to regain franchises

Chrysler Group has asked a U.S. Bankruptcy Court judge to prevent rejected dealers from suing the automaker in state courts to get their lost franchises back.

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Chrysler moves to block dealers from suing to regain franchises

Chrysler Group has asked a U.S. Bankruptcy Court judge to prevent rejected dealers from suing the automaker in state courts to get their lost franchises back.

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Chrysler asks to block dumped dealers from suing

Chrysler Group has asked a U.S. Bankruptcy Court judge to prevent rejected dealers from suing the automaker in state courts to get their lost franchises back.

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GM unveils 2-year product plan around its four core brands

General Motors Co., trying to build confidence in the marketplace after a stint in U.S. Bankruptcy Court, unveiled its two-year product plan today. During its 39-day bankruptcy, GM struck deals to sell the Saab, Hummer and Saturn brands.

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GM will let dealers terminate early without penalty

General Motors Co. has decided to allow rejected dealers who want to close before Jan. 1 to do so without penalty. In June during its stint in U.S. Bankruptcy Court, GM targeted about 1,300 dealerships for closure.

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