bankruptcy

Queens’ Morning Roundup
Queens’ Morning Roundup
News Liam La Guerre 7/19/2013 at 6:30AM

TODAY’S FORECAST Clear in the morning, then partly cloudy with thunderstorms and rain showers. High of 95F with a heat index of 100F. Breezy. Winds from the SW at 10 to 20 mph. Chance of rain 20%. EVENT OF THE DAY: Classic Film Fridays A Better Jamaica presents The Spy Who Loved Me. James Bond joins [...]

Strauss Discount Auto closes stores due to bankruptcy
Strauss Discount Auto closes stores due to bankruptcy
News Christopher Brito 6/19/2012 at 4:30PM

More than 40 Strauss Discount Auto stores scattered throughout the region — including six in Queens — have gone bankrupt, leaving more than 600 employees without a job and customers shocked by the sudden shuttering. Strauss Auto, a New Jersey-based retailer primarily known for selling car accessories and parts, encountered insurmountable financial difficulties for the [...]

This Morning’s Headlines
Trustee named, Peninsula expects to exit bankruptcy
Trustee named, Peninsula expects to exit bankruptcy
News Melissa Chan 3/21/2012 at 12:00PM

The court-ordered bankruptcy trustee appointed to take over all operations at Peninsula Hospital has been named, federal officials said. Lori Lapin Jones — a Long Island bankruptcy law attorney — was chosen by the U.S. Trustee’s office, an agency under the U.S. Department of Justice, to head the embattled Far Rockaway facility. “The trustee who [...]

American continues to fly, despite Chapter 11
Business Melissa Chan 11/30/2011 at 12:01PM

American Airlines — and its parent company AMR Corporation — have filed for reorganization under Chapter 11 bankruptcy protection, but the company said it is still operating normal flight schedules, as well as honoring tickets and refunds. “This was a difficult decision, but it is the necessary and right path for us to take – [...]