Post Tagged with: "chapter 11"

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Stagecoach buys nine Coach America Inc. businesses

Stagecoach buys nine Coach America Inc. businesses

Stagecoach Group Plc , the international transport group operating buses, trains,trams, express coaches and ferries on Friday said it has agreed to buy nine Coach America Inc. businesses out of bankruptcy protection for $134 million to expand its long-distance Megabus network. The businesses to be acquired include operations in Texas […]

ResCap is bankrupt. Board of Directors Approves Chapter 11

ResCap is bankrupt. Board of Directors Approves Chapter 11

The struggling mortgage unit of Detroit-based Ally Financial Inc. has filed for bankruptcy. The Board of Directors voted to file for Chapter 11 protection along with fifty (50) of its subsidiaries. ResCap’s mortgage origination, servicing and other business activities, conducted through its subsidiaries, including GMAC Mortgage, will continue to operate […]

Official: Saab will appeal against Court

Official: Saab will appeal against Court

Swedish Automobile NV, the owner of the 64-year-old Saab car brand, said Friday it aims to submit on Monday an appeal against a court ruling that rejected Saab’s proposal for bankruptcy protection. Swedish Automobile N.V. (Swan) announces that Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab […]