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A collection of news and information related to Financially Distressed Companies published by this site and its partners.

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    Apr 29, 2013 |Story| WSBT-TV

  1. Hostess to open bakeries in Indiana and Illinois

    <span style="font-size: small;">KANSAS CITY, Mo. (AP) &mdash; Hostess Brands LLC said Monday that it will open bakeries in Indiana and Illinois, following announcements last week that it will reopen bakeries in Georgia and Kansas in its effort to bring back some of its snack brands.</span>
    KANSAS CITY, Mo. (AP) — Hostess Brands LLC said Monday that it will open bakeries in Indiana and Illinois, following announcements last week that it will reopen bakeries in Georgia and Kansas in its effort to bring back some of its snack brands....

    Tags: Schiller Park, Economy, Business and Finance, Hostess Brands, Inc., Companies and Corporations, Bankruptcy

    2. Apr 8, 2013 |Story| WSBT-TV

  2. City: New ethanol plant owners actively marketing plant in three countries

    <span style="font-size: small;">SOUTH BEND &ndash; The former New Energy ethanol plant is costing South Bend taxpayers about $12,000 a month and the city doesn&rsquo;t even own it. And some city council members have big questions about the plant&rsquo;s future.</span>
    WSBT TV
    SOUTH BEND – The former New Energy ethanol plant is costing South Bend taxpayers about $12,000 a month and the city doesn’t even own it. And some city council members have big questions about the plant’s future. Council Vice...

    Tags: Judges, Environmental Issues, Biofuels, Economy, Business and Finance, Companies and Corporations

    3. Mar 26, 2013 |Story| WSBT-TV

  3. New ethanol plant agreement sparks accountability concerns over new owners

    <span style="font-size: small;">More taxpayer money will be used to prevent homes in a South Bend neighborhood from flooding. But some city council members are questioning that plan approved by the city&rsquo;s Board of Public Works Tuesday morning.&nbsp;</span>
    More taxpayer money will be used to prevent homes in a South Bend neighborhood from flooding. But some city council members are questioning that plan approved by the city’s Board of Public Works Tuesday morning.  Common Council member Oliver Davis...

    Tags: Environmental Issues, Religion and Belief, Biofuels, Economy, Business and Finance, Companies and Corporations

    4. Feb 27, 2013 |Story| WSBT-TV

  4. Future of South Bend's ethanol plant up to federal judge

    <span style="font-size: small;">The clock is ticking for the future of South Bend's ethanol plant. Will it be scrapped out, or reopened with a new owner?&nbsp; Those questions about New Energy Corp. LLC are in the hands of another federal judge.</span>
    The clock is ticking for the future of South Bend's ethanol plant. Will it be scrapped out, or reopened with a new owner?  Those questions about New Energy Corp. LLC are in the hands of another federal judge. The complicated issue began in November when...

    Tags: Judges, Environmental Issues, Trials, Biofuels, Economy, Business and Finance

    5. Mar 22, 2013 |Story| WSBT-TV

  5. Judge rules against company trying to stop ethanol plant sale

    <span style="font-size: small;">A judge has denied a Texas company's effort to stop the sale of the ethanol plant in South Bend to two liquidators.</span>
    A judge has denied a Texas company's effort to stop the sale of the ethanol plant in South Bend to two liquidators. The sale was finalized in federal bankruptcy court earlier this week. But a company called Natural Chem argued the liquidators bought the...

    Tags: Judges, Environmental Issues, Biofuels, Economy, Business and Finance, Renewable Energy

    6. Mar 21, 2013 |Story| WSBT-TV

  6. Ethanol plant sale final, but legal battle continues

    <span style="font-size: small;">South Bend's ethanol plant is officially under new ownership, but the legal battle to reverse that sale went before a federal judge Thursday.&nbsp;</span>
    South Bend's ethanol plant is officially under new ownership, but the legal battle to reverse that sale went before a federal judge Thursday.  The two liquidators bought the New Energy Corporation plant at a bankruptcy auction in January and finalized...

    Tags: Judges, Environmental Issues, Biofuels, Economy, Business and Finance, Real Estate Buyers

    7. Feb 27, 2013 |Story| WSBT-TV

  7. Legal fight over South Bend's ethanol plant

    <span style="font-size: small;">SOUTH BEND &ndash; A legal battle could decide whether South Bend's ethanol plant will be liquidated or reopen for business.</span>
    WSBT-TV
    SOUTH BEND – A legal battle could decide whether South Bend's ethanol plant will be liquidated or reopen for business. A Texas company wants to buy the plant and says last month's bankruptcy sale to two liquidators is illegal. Attorneys for...

    Tags: Judges, Auction Service, Environmental Issues, Biofuels, Economy, Business and Finance

    8. Feb 24, 2013 |Story| AP Broadcast

  8. Firm holds out hope for reopening of South Bend ethanol plant

    <span style="font-size: small;">SOUTH BEND (AP) &mdash; The president of a company that saw Indiana's oldest ethanol plant sold as part of bankruptcy proceedings say he hopes the liquidators who purchased the facility might reopen it.</span>
    SOUTH BEND (AP) — The president of a company that saw Indiana's oldest ethanol plant sold as part of bankruptcy proceedings say he hopes the liquidators who purchased the facility might reopen it. But a Purdue University professor who follows...

    Tags: Plant Openings, Auction Service, Environmental Issues, Petroleum Industry, Biofuels

    9. Feb 5, 2013 |Story| South Bend Tribune

  9. Judge OKs New Energy sale

    <span style="font-size: small;">SOUTH BEND -- The New Energy Corp. ethanol plant cost more than $180</span><span style="font-size: small;"> million to build in the early 1980s.</span>
    South Bend Tribune
    SOUTH BEND -- The New Energy Corp. ethanol plant cost more than $180 million to build in the early 1980s. But when it was sold at auction last week as part of the company's Chapter 11 bankruptcy proceedings, the winning bid came in at just $2.5 million....

    Tags: Judges, Plant Openings, Environmental Issues, Biofuels, Economy, Business and Finance

    10. Feb 5, 2013 |Story| WSBT-TV

  10. New bankruptcy cases down again in Michigan

    DETROIT (AP) — Perhaps here's a sign of better times: Michigan bankruptcy cases are down again. The government says new filings last year were down 13 percent in bankruptcy courts in eastern and western Michigan. There were 53,000 cases pending at...

    Tags: Bankruptcy, Washington, DC

    11. Jan 22, 2013 |Story| Reuters

  11. Meningitis-linked pharmacy owners got millions: filing

    <span style="font-size: small;">BOSTON (Reuters) - The four primary owners of the pharmacy linked to a deadly U.S. meningitis outbreak that has killed 44 people -- including some in our area -- received at least $16 million in salaries and shareholder distributions in 2012, according to papers filed in U.S. Bankruptcy Court.</span>
    BOSTON (Reuters) - The four primary owners of the pharmacy linked to a deadly U.S. meningitis outbreak that has killed 44 people -- including some in our area -- received at least $16 million in salaries and shareholder distributions in 2012, according to...

    Tags: Trials, Steroids, Bankruptcy, Meningitis, Apple Store

    12. Dec 18, 2012 |Story| AP Indiana

  12. Convicted financier says he can't afford a lawyer

    INDIANAPOLIS (AP) — An Indiana financier and former chief executive of National Lampoon who was convicted of swindling investors out of about $200 million says he can't afford to hire an attorney to handle his appeal. In federal court documents...

    Tags: Judges, Fraud, Joint Ventures, Economy, Business and Finance, Companies and Corporations

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