borders booksBionol Clearfield LLC filed for bankruptcy protection Wednesday hoping to sell its ethanol plant–Pennsylvania’s first–as a going concern. Read the Daily Bankruptcy Review Small Cap story here. (The Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial to DBR, click here. For DBR SC click here.) A supplier to struggling Saab Automobile has petitioned a Swedish district court to declare a unit of the troubled Swedish car maker bankrupt, the first such application received by the court for a Saab company
The Wall Street Journal reports. Italian auto maker Fiat SpA officially became Chrysler Group LLC’s majority owner on Thursday, clearing the way for a complete restructuring of Chrysler’s board of directors and a further merger of the two companies’ management, says WSJ. Dish Network Corp wants to keep 1,500Blockbuster stores open, the Chicago Tribune writes. Alabama’s troubled Jefferson County faces an 80% chance of declaring bankruptcy, one of its commissioners said on Thursday, as U.S. experts gathered to discuss the implications of a possible Chapter 9 filing, reports Reuters.
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