Tuesday, March 3, 2009
Dallas-based Hallwood Energy files for bankruptcy
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The Hallwood Group Incorporated reported on Monday that on March 1, 2009, Hallwood Energy, L.P. and certain of its affiliates, in which The Hallwood Group Incorporated (the "Company") is an investor, filed petitions for relief under Chapter 11 of the United States Bankruptcy Code. The cases are pending in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division, in In re Hallwood Energy, L.P., et al., Case No. 09-31253.
The Company recognized losses associated with the investment through the equity method of accounting and had reduced the carrying value of its investment in Hallwood Energy L.P. to zero at December 31, 2007. Additional losses were recorded in 2008 to the extent of further investments in Hallwood Energy L.P. and the carrying value of the Company's investment remained at zero as of September 30, 2008.
Source: The Hallwood Group Incorporated
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Howard Wen Verified
Breaking:
Blockbuster Video (corporate headquarters here in Dallas) stock has crashed and trading was stopped, due to reports that the company is considering "restructuring" with bankruptcy as a possibility.
http://blogs.barrons.com/techtraderda...
8 months, 1 week ago ( Link to this comment | Suggest removal )
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