Chapter 11

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 [...]

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 [...]

Editorial Queens Courier Staff 3/06/2012 at 3:42PM

Just when we thought Peninsula Hospital had gotten the life-saving CPR it needed, it seems the facility is once again flatlining. Late last month, the hospital was barred from accepting new patients after the State Department of Health (DOH) shut down the lab. Reportedly, there was expired blood plasma and staffers handling samples were not [...]

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 – [...]