Tuesday, February 17, 2009

Bankruptcy Tally Sheet

Sirius XM announced that it secured last-minute funding and has been (possibly) saved from bankruptcy and from EchoStar.

Trump Entertainment wasn't so lucky. It filed for voluntary chapter 11 in the US Bankruptcy Court for the District of New Jersey (1:09-bk-13659). But, put those hankies away! A search for "trump" in the NJ bankruptcy court turns up 204 party names. They date back to 1990 and occur with reassuring frequency.

No comments:

Post a Comment