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Judge Approves California City’s Bankruptcy Plan

A judge has approved a debt plan by Stockton, California, one of the largest U.S. cities to declare bankruptcy, allowing it to reorganize more than $900 million in long-term debt.

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Detroit Emergency Manager Says Bankruptcy Filing Unavoidable

DETROIT (AP) — Detroit's state-appointed emergency manager says that a month before the city filed for bankruptcy he thought it could be avoided but only with concessions from creditors that never came.

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Detroit Struggles To Re-Build A Bankrupt City Amidst Poverty And Blight
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Detroit Secures $350M Loan to Help Pay Off Debt

Detroit's state-appointed emergency manager says a $350 million loan has been secured to help the city pay its way out of a complicated deal involving major creditors.

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Vanns
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Vann’s Sale Finalized [AUDIO]

Vann's sale officially finalized in bankruptcy court.

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vanns
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McMagic Partners LP Contract to Purchase Vanns, Inc.

 

McMagic Partners LP, a Texas-based company, has entered into a contract to purchase Vanns, Incorporated in Montana.

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Vann's
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Vann’s Moves From Chapter 11 to Chapter 7 to Help Facilitate Sale

KGVO News has received a copy of a speech given to Vann's Incorporated employees on Friday, stating the reasons why the Trustee has moved from Chapter 11 to Chapter 7 bankruptcy protection.

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vann's
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Two Potential Buyers Looking at Vann’s Incorporated

Missoula attorney Dick Samson is working with the bankruptcy court as a panel trustee, as two different firms are involved in negotiations on whether to purchase Vann's Incorporated.

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Potential Buyer For Vann’s [AUDIO]

New Vann's CEO Jerry O'Connell says a Bozeman businessman is very interested in purchasing all five of the Vann's Appliance stores in Montana.

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vanns
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Vann’s Appliance Announces Store Closures [AUDIO]

Vann's to close its doors.

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Jerry McConnell
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Vann’s Employees Get Letter About Bankruptcy Filing [EMPLOYEE LETTER]

Vann's CEO Jerry McConnell sends a letter to employees about the company's Chapter 11 Bankruptcy filing.

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