Alabama Chapter 11 lawyers

Blockbuster files for Chapter 11

Blockbuster, the movie-rental company giant, has filed for Chapter 11 bankruptcy. The move allows the company to secure $125 million in debtor-in-possession financing to help keep operations stable while the reorganization takes place. In the Thursday announcement company spokesmen also claimed that the company’s financial…

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Pacific Ethanol subsidiaries releases reorganization plan

Pacific Ethanol subsidiaries will emerge from bankruptcy. According to court reports, the subsidiaries of Pacific Ethanol, Inc. will reorganize as Pacific Ethanol Holding Co., LLC. The reorganization plan was approved by the firms’ secured lenders. The plan will eliminate about $290 million of liabilities from…

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