Georgia Bankruptcy Blog

Georgia Bankruptcy Blog

Category Archives: Miscellaneous Cases

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Theme Parks Suffering With Economy? Six Flags May Be Filing Chapter 11 Bankruptcy And Ghost Town Already Has

Six Flags Theme Parks, which includes Six Flags Over Georgia, Six Flags White Water, and American Adventures parks in the Atlanta area, is experience significant financial difficulties and there is speculation that a Chapter 11 Bankruptcy filing might be in its future. From the Associated Press: Shares of Six Flags Inc. fell in premarket trading… Continue Reading

S&K Menswear Files Chapter 11 In Virginia

S&K Famous Brands., Inc., doing business as S & K Menswear, filed a Chapter 11 petition today.   The company has stores in Georgia and the Southeast. From Reuters: S & K Famous Brands Inc, which operates men’s clothing stores mostly in mid-Atlantic states and the Carolinas, filed for Chapter 11 bankruptcy protection on Monday,… Continue Reading

Atlanta Based Spectrum Brands Files Chapter 11 In Texas

Spectrum Brands, Inc., the Atlanta-based manufacturer of Ray-o-vac, Remington, Spectracide, Cutter, Repel and other well-known brands, has filed a Chapter 11 petition in the Western District of Texas. Click here for the company’s press release: ATLANTA–(BUSINESS WIRE)–Spectrum Brands (PINK SHEETS: SPCB – News) today announced that it has reached agreements with noteholders representing, in the aggregate,… Continue Reading

Goody’s, Already Liquidating, Files Chapter 11 Again

Discount Clothing Retailer Goody’s Family Clothing decided last week to liquidate and close its remaining stores, after emerging from Chapter 11 only a few months earlier.  Now it has filed Chapter 11 again. From Reuters – Goody’s LLC, a privately held family apparel retailer that emerged from bankruptcy in October, has filed for Chapter 11 protection again, and… Continue Reading

Nortel Networks FIles Chapter 11 In Delaware

From Reuters:  Nortel Networks, the maker of telephone equipment, filed for bankruptcy protection on Wednesday, a day before it was scheduled to make an interest payment of about $107 million. Nortel and a number of its affiliates filed for Chapter 11 bankruptcy protection in federal bankruptcy court in Delaware. “Based on this filing, the board of… Continue Reading

Shane Company, A Jewelry Retailer With Atlanta Area Locations, Files Chapter 11 – Most Creditors Are Customers

Shane Company, a jewelry retailer with four locations around Atlanta according to its website, filed a Chapter 11 petition in the U.S. Bankruptcy Court for the District of Colorado.  Chapter 11 Case No. 09-10367.   Hear the announcement from Tom Shane himself. From Reuters: Shane Co, a privately held jewellery retailer, filed for Chapter 11 bankruptcy protection… Continue Reading

Bankruptcy Court Pleadings Show How Michael Vick Spent Millions Of Dollars

Alan Judd at the Atlanta Journal has an article about Michael Vick’s spending in the time leading up to his imprisonment, including millions of dollars transferred just before his incarceration.  This information was contained in pleadings filed in his Bankruptcy case.   Click here for the article. Among the highlights from Alan’s article: The day he… Continue Reading

Poultry Producer Pilgrim’s Pride, Parent Of Atlanta-Based Goldkist, Files Chapter 11 In N.D. Texas

From the Atlanta Business Chronicle – Chicken processor Pilgrim’s Pride Corp., which in 2007 acquired Atlanta-based Gold Kist Inc., confirmed Monday it has filed a voluntary petition for Chapter 11 bankruptcy protection. The filing, which was made in the U.S. Bankruptcy Court for the Northern District of Texas, if approved, will enable the company to… Continue Reading

Circuit City Files Chapter 11 Petition

It is certainly not a surprise that Circuit City filed a Chapter 11 petition in the Eastern District of Virginia.  See the press release here. Last week the company announced it was closing many stories, and pulling out of Atlanta entirely.  According to this article, the company hired Skadden Arps a few weeks ago.… Continue Reading

Creative Loafing Parent Files For Chapter 11

The parent of Creative Loafing, the alternative newspaper/magazine, filed a Chapter 11 petition today. From the company – September 29, 2008 at 1:11 pm by John F. Sugg in Inside CL, News Creative Loafing Inc. — which owns alternative weekly newspapers in Chicago, Washington, Tampa, Charlotte and Sarasota, as well as Atlanta — today filed… Continue Reading