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Recent Company Chapter 11 Bankruptcy News:
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DRI Corporation , a digital communications technology leader in the global surface transportation and transit security markets, announced today that it has filed in Eastern District of North Carolina Bankruptcy Court for sale of its assets and operations under Section 363 of Chapter 11 of the U.S.
A federal official has requested that Direct Air’s Chapter 11 bankruptcy be converted to Chapter 7 liquidation, which would mean the end of the air charter company.
The United State Trustee filed a motion Friday with the U.S. Bankruptcy Court for the State of Massachusetts to allow Direct Air, doing business as Southern Sky Air Tours, Inc., to convert its case from Chapter 11 bankruptcy to Chapter 7.
Direct Air has filed for Chapter 11 bankruptcy just days after passengers' travel plans were clipped without warning at the Niagara Falls Airport.
TaxMasters Inc. has filed for bankruptcy protection following a legal challenge from Texas prosecutors who say the company's famed TV commercials mislead potential customers.
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