Bankruptcy

Business
3:23 pm
Mon August 12, 2013

Patriot Coal and UWMA Reach Potential Agreement Over Benefits

The nation's biggest miners' union and Patriot Coal Co. say they have reached a potential settlement over the severity of wage and benefits cuts a bankruptcy judge had allowed the company to impose.

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Coal
12:23 pm
Thu June 13, 2013

Patriot, Union Exchange Jabs Over Bankruptcy

Prospects of a mine workers' strike involving Patriot Coal are intensifying after a bankruptcy judge signed off on the company's push to abandon its labor agreement with the United Mine Workers of America.

Patriot operates two mines in Union and Henderson counties in Kentucky.

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Business
8:18 am
Tue January 15, 2013

Dippin' Dots Resolves Legal Woes

One of the last remaining pieces in the bankruptcy case of Paducah-based novelty ice cream maker Dippin' Dots has been resolved.

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Business
7:28 am
Wed November 28, 2012

Patriot Coal Case Moved to St. Louis

Patriot Coal’s federal bankruptcy case will no longer be heard in New York City. U.S. Bankruptcy Judge Shelley Chapman in New York ruled that the case be moved to St. Louis, where Patriot Coal is based. Chapman says there were hundreds of handwritten letters from retired coal miners.

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Business
4:32 pm
Fri November 16, 2012

Hostess bankruptcy will close Mayfield depot

Credit iStockPhoto

The closing of the major baked goods provider Hostess is leaving employees in our region out of work. The Irving, Texas based company and maker of twinkies and wonder bread is closing plants, laying off more than 18,000 workers and putting its brands up for sale.

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Chuck Jones Lawsuit
3:18 pm
Wed October 17, 2012

Jones Company CBR Files for Chapter 11 Bankruptcy

Wikimedia Commons

College Book Rental Company, LLC, (CBR) has filed for Chapter 11 bankruptcy.

The case filed October 4, 2012, in the United States Bankruptcy Court for the Middle Tennessee District of Tennessee petitions relief of approximately $15,036,951.93 in debts. Fifteen million dollars of that claim are for money loaned.

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Business
9:22 am
Fri April 13, 2012

Dippin Dots Sold Amongst Bankruptcy Proceedings

An Oklahoma-based company has purchased Dippin Dots, Incorporated.  The Paducah-based Dippin Dots is currently undergoing bankruptcy proceedings and a court-mandated change in ownership.  The Oklahoma company, which goes by the same name, struck the deal yesterday in U.S. bankruptcy court to purchase Dippin Dots for more than 12.5 million dollars.  Dippin Dots' Paducah factory employs 165 people.

Business
3:39 pm
Wed March 7, 2012

Dippin’ Dots CEO Resigns

Dippin’ Dots founder Curt Jones resigned as CEO yesterday as part of an agreement reached with Regions Bank. The agreement allows the novelty ice-cream company to borrow an additional 1.25 million dollars to maintain operations until the business can be auctioned off. Regions Bank refused to give the loan unless Jones resigned. Dippin’ Dots filed for federal bankruptcy protection last November to prevent foreclosure on more than 11 million dollars in loans.