The Distressed Debt Alert


For the week of November 23, 2009

Wick Building Systems Files Chapter 11

Posted November 25, 2009 12:53PM

Wick Building Systems, the Mazomanie, Wis.-based manufacturer of modular buildings for homes, farms and businesses, filed for Chapter 11 bankruptcy.

Source: Press Release

Whitney Design Files Chapter 11 Bankruptcy
Posted November 24, 2009 5:27PM

Whitney Design, a Hazelwood, Mo.-based importer and seller of household goods such as ironing boards, pads and covers and closet organizers, filed for Chapter 11 bankruptcy, the St. Louis Post-Dispatch reported.

Source: News Story

BlueHippo Funding Files Chapter 11
Posted November 24, 2009 5:25PM

BlueHippo Funding, a specialty merchandise lending company for people with poor credit, filed for Chapter 11 bankruptcy after the company's payment processor's bank froze its accounts, Reuters reported.

Source: News Story

Downtown Portland Real Estate Owner Files for Chapter 11
Posted November 24, 2009 1:26PM

Fountain Village Development, an owner and developer of historic downtown Portland, Ore., properties, filed for Chapter 11 bankruptcy.

Source: Court Filing

Icahn Outbids Penn National for Fountainbleau Project
Posted November 23, 2009 5:32PM

A subsidiary of Carl Icahn's Icahn Enterprises bid $155 million, topping Penn National Gaming's $145 million offer, to become the stalking horse bidder to purchase the bankrupt Fountainbleau hotel and casino project in Las Vegas, the Wall Street Journal reported.

Source: News Story

Axiant Files Chapter 11
Posted November 23, 2009 5:28PM

Axiant, a Huntersville, N.C.-based provider of legal collections services, filed for Chapter 11 bankruptcy and will be sold to NCO Group, a provider of accounts receivable outsourcing services, Reuters reported.

Source: News Story

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