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On July 29, 2024, Hardinge filed for Chapter 11 bankruptcy protection, blaming Chinese regulators who cancelled plans to sell its Chinese operations as part of the decision. The company will sell itself to affiliates of Centre Lane Partners. [2] The sale was completed on September 19, 2024. [3] The company employs approximately 1500 staff.
The U.S. Trustee's office conducts the first meeting of creditors in a Chapter 11 case. Most Chapter 11's do not require the appointment of a trustee: however, in those cases which do, the U.S. Trustee oversees the appointed trustee's handling of the case and, for good cause, can seek the removal or replacement of the trustee. The U.S. Trustee ...
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
Horseheads-based Hardinge Inc. confirmed it will be closing its Super-Precision Division as of Aug. 9, resulting in 31 employees losing their jobs.
A fall from grace. Founded in 1978, The Container Store went public on Nov. 1, 2013, pricing its initial public offering at $525 per share. By the close of trading that day, shares closed at $543.
Since the 1990s, duties similar to those of a trustee are sometimes performed by an individual called a Chief restructuring officer (CRO), generally prior to, or subsequent to, a bankruptcy proceeding (generally, a Chapter 11 proceeding). A CRO is an official of the company who has direct contact with the creditors and who has executive power ...
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2000" The following 39 pages are in this category, out of 39 total. This list may not reflect recent changes .
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