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unusual facts about bankruptcy protection



Belmont Park Pty Ltd v BNY Corporate Trustees Ltd

Lehman Brothers, prior to its 2008 filing for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code, created a package of 19 special purpose vehicles (including Lehman Brothers Special Financing Inc) known as the "Dante Programme."

Russell Wasendorf

(born 1948) is the former Chairman and Chief Executive Officer of Peregrine Financial Group, also known as PFGBEST, a futures commission merchant (commonly known as a "Commodity Broker") that filed for bankruptcy protection in Chicago in July 2012.


see also

2002–03 NHL season

The Buffalo Sabres also entered bankruptcy protection before being bought by New York businessman Tom Golisano.

American Type Founders

The work was well done, but slow, and only four faces (Wedding Text, Thompson Quill Script, Bernhard Fashion, and T.M. Cleland’s border designs) were ever issued before Kingsley/ATF sought bankruptcy protection in 1993.

Azure Dynamics

Due to financial difficulties, Azure filed for bankruptcy protection in the Supreme Court of British Columbia in March 2012, and production of the Transit Connect Electric van and Balance hybrid was stopped.

Baikalfinansgrup

On December 15, 2004, Yukos filed for a bankruptcy protection in a Houston court, and obtained a temporary injunction prohibiting Gazprom from participating in the auction.

Economic effects of Hurricane Katrina

Furthermore, Jim Sensenbrenner, Republican chairman of the House Judiciary Committee, has refused to allow victims of the hurricane to take advantage of any exception to the recent Bankruptcy Reform, a recent bill passed with widespread support of the banking industry that aims to curb abuse of bankruptcy protection by repeat filers and those who are able to repay debts reasonably.

Hooked on Phonics

In 1994 the company was featured on the program "Dateline NBC" with an official from the FTC attacking the company for "deceptive advertising." While the FTC reversed its actions later, the resulting media frenzy caused the company's sales to plummet and for the company to file for bankruptcy protection.

InterTAN

InterTAN filed for bankruptcy protection (under the Companies' Creditors Arrangement Act) at the same time as its U.S. parent in late 2008.

Lift Engineering

Founded in 1965 and based in Carson City, Nevada, the firm came under scrutiny by state safety officials after a fatal accident in 1985, and filed for Chapter 11 bankruptcy protection in July bankrupt in July 1996.

Roman Catholic Diocese of Orange

In October 2010, Crystal Cathedral Ministries, the Protestant congregation that owned and worshiped in the eponymous Crystal Cathedral building in Garden Grove, filed for bankruptcy protection.

Sino-Forest Corporation

On March 30, 2012 Sino-Forest filed for bankruptcy protection in Canada under the framework laid out in the Companies' Creditors Arrangement Act.