3 posts and columns on creditors

TerreStar Units File Chapter 11

in News on October 20, 2010 at 5:00 am PT

TerreStar said its majority-owned Terrestar Networks unit and certain other affiliates have filed for protection from creditors under Chapter 11 of the Federal Bankruptcy Code. Earlier this week, the Wall Street Journal reported that a Chapter 11 filing likely was imminent.

Spansion To Focus On Embedded Market, IP Licensing

in News on April 23, 2009 at 4:55 am PT

Spansion on Wednesday said it plans to pursue a stand-alone strategy focused on the embedded solutions market and intellectual property licensing. The NOR-flash company, which is operating under Chapter 11 of the Federal bankruptcy code, said it will pursue “strategic alternatives” for its wireless business.

Yellow Pages Companies Sinking Into Oblivion

in News on March 13, 2009 at 1:43 pm PT

For a vivid reminder of the way the Internet–combined with a vicious recession–can destroy a well-established industry, consider today’s news from the collapsing Yellow Pages business.