May 17, 2012 (Press-News.org) California Solar Projects Could Power Up After Bankruptcy Case
It is often remarked that bankruptcy offers a fresh start for individuals and businesses experiencing financial difficulties. Chapter 11 bankruptcy protection, for instance, can provide indebted businesses the opportunity to restructure or reorganize with the help of a plan for future financing and profitable operation of the company. A California company's recent bankruptcy case showcases how the process works and how it gives hope that the company's projects will survive.
Chapter 11 Bankruptcy Protection
Oakland, California-based Solar Trust of America, LLC has several solar energy projects in development, notably a 1,000 MW solar-thermal plant in California. In April, Solar Trust and its affiliates filed for Chapter 11 bankruptcy. The next day, the company asked the bankruptcy court to approve $3.9 million in interim financing from the largest renewable energy operator in the U.S., according to Bloomberg. That number has grown to a total of over $43 million in various forms of financing from the same company, NextEra Energy Resources, LLC.
The increasing amount of funding being offered to Solar Trust during its bankruptcy proceedings is a display of the opportunities that can arise after filing for bankruptcy. It is possible that NextEra's next offer could be to purchase Solar Trust's assets as part of the bankruptcy plan. Once a sale goes through, the California power plant project could come back online.
Debt Relief Through Bankruptcy
In other bankruptcy cases, a sale of assets is not always necessary. Instead, the debtor can agree to pay creditors, in many cases for less money than what was originally owed. In exchange, the bankruptcy court can discharge or modify certain debts that existed previous to the bankruptcy filing, and the company can continue to operate. Importantly, reorganization plans must be approved by the court after successfully arriving at repayment agreements with creditors.
When companies or individuals struggle to meet mounting debt obligations, they should contact a skilled and experienced bankruptcy attorney who can advise them on whether they have options for seeking debt relief in bankruptcy.
Article provided by The Lobel Firm, L.L.P.
Visit us at http://www.thelobelfirm.com
California Solar Projects Could Power Up After Bankruptcy Case
A California solar energy company's projects could continue following Chapter 11 bankruptcy.
2012-05-17
ELSE PRESS RELEASES FROM THIS DATE:
Carolina Ballet Releases Podcast On Beauty And The Beast And Premiere Of Beethoven: Symphony No. 9
2012-05-17
Robert Weiss, artistic director and CEO of Carolina Ballet (http://www.carolinaballet.com), has announced the release of a podcast presenting information about the ballet's world premiere of Beethoven: Symphony No. 9, as well as its production of Beauty And The Beast. The performance will run Thursday, May 17 through Sunday, May 20 at Raleigh Memorial Auditorium, located at 2 E. South St. Carolina Ballet will put a unique spin on the beloved family classic, Beauty and the Beast, set to an original score by Karl Moraski. Completing the event is Weiss' world premiere of Beethoven: ...
British Graduates Could Benefit From a TEFL Job in China Says LoveTEFL
2012-05-17
Graduates or newly qualified TEFL (Teaching English and a Foreign Language) teachers looking to further their careers this summer should consider teaching in China say LoveTEFL.
Landing a TEFL job in China is a great way to travel, gain skills and earn money in a rapidly growing industry and will benefit graduates who are currently struggling to find work in the UK. A recent report from the Office of National Statistics reported that graduate unemployment rates are now nearly on par with school leavers.
"Working as TEFL teacher in China could be an ideal solution ...
Adelaide DJ Services Release New "Music Pages" on their Website
2012-05-17
Adelaide DJ Services is fast becoming one of Adelaide's premier Wedding DJ entertainment specialists. The release of the new music pages will help engaged couples choose the music for their big day. Clients will find useful music lists to help plan all the special parts of their event.
On the new Adelaide DJ Services music pages there are comprehensive lists of the top 200 songs of each decade from the 1950s right up to the most recent top 50 songs on the ARIA charts. For those songs that need a bit of clarification Adelaide DJ Services have linked to a comprehensive ...
Pacific Conferences Addresses How Empowering Youths Can Help to Empower Brands
2012-05-17
The onslaught of social media, coupled with mobile platforms, has given youths greater power to choose, compare and criticise brands and other issues alike. Today's youths are exacting and control a large part of marketing spend - adding a 'z' to your tagline or ending your sales pitch with 'kthnxbai' is no longer relevant to youths. In perspective, brands cannot only "speak" in the terms of youth - organisations must now learn to listen to youths.
Gaining the attention of hyper-connected digital natives is a daunting task in this cluttered and competitive ...
Weekends Only Names Brian Mccullough As New Buyer
2012-05-17
St. Louis furniture outlet Weekends Only Furniture announces the appointment of Mr. Brian McCullough as a Buyer in the corporate Merchandising Department. Mr. McCullough has been with Weekends Only for the past eight years as the General Manager of the retail store in South County. Weekends Only is the leading retailer of St. Louis home furnishings with five locations across the Metro area.
Mr. McCullough's key responsibilities in his new position as Buyer will include overseeing selection, sales, merchandising, and profitability for the St. Louis furniture outlet chain. ...
Knexus' Social Content Widget - 'Casablanca' version unveiled
2012-05-17
Knexus, the Cloud technology company specializing in Social Engagement Marketing Tools for leading brands, today announced the release of the latest version of Social Content Widget.
Social Content Widget helps brands to deploy content anywhere on the web, and encourage target customers to interact with one another and your brand. This versatile application allows the management and automation of content, engagement, measurement & optimization from one secure place - saving time and money, and helping companies respond quickly to market changes.
The new 'Casablanca' ...
AdoreGames.com: the Full Game Versions are Now Available for PC Users!
2012-05-17
For some time, the Games section of the site represented only lite versions. However, the expansion of the website's functional possibilities has allowed the full versions to be published, both brand new games and previously released ones.
AdoreStudio Ltd invites all casual game fans to check out the latest stuff on the company's site at http://adoregames.com/games/: such games as Adore Picture Difference: Long Distance Love, Magic Petals, as well as the long awaiting release of the addicting platformer Richie the Gnome: Treasure Hunter.
Combining classic arcade gameplay, ...
Chris Winspear Design Jewellers presents the "Cocktail Collection"
2012-05-17
From the peridot-colored "Mint Mojito" to the funky "Pink Cosmopolitan" to the dark "Blue Island Iced Tea" - each piece is named after a famous drink. As cocktails are known for their intense colors, the designer created an iridescent range of five rings and one pendant. All pieces are finished off with unique cocktail decorations, like a mint leaf or a lemon zest.
The "Cocktail Collection" is customizable, and available in different metals like silver, gold or platinum as well as with diverse stones from cubic zirconias, to sapphires ...
Miss United States 2010, Easter Seals North Georgia and 40 Girls & Some Shoes Take Center Stage at the WILDE, LLC Launch Benefit
2012-05-17
Professional women from all backgrounds and ethnicities are joining forces to present Women In Leadership Development & Empowerment LLC (WILDE) in Atlanta on Friday, June 22, 2012 at 7:00 p.m.
WILDE, LLC will hold a black-tie launch banquet at the Spring Hall (7130 Buford HWY, Atlanta, GA. 30340) hosted by 2010's Miss United States, Jessica Black. The launch is a red carpet affair that will not only introduce this emerging organization to city leaders but also honor proven leaders who continue to show a commitment to improving the lives of individuals and the community ...
Tycab Australia Powers Local Businesses with Quality Cable Products, in Manufacturing Digital
2012-05-17
In a report in Manufacturing Digital, CEO Greg Northrop discusses how Tycab specialises in custom-made cables using locally-sourced materials.
Helping power industries including the automotive, irrigation, and welding sectors, electrical cable is an integral component of the everyday workings that make the Australian economy tick. Victoria-based Tycab Australia locally manufactures superior quality cable and has the ability to produce small runs to consistently meet the diverse, specialised needs of their customers.
Now Australia's leading specialised manufacturer ...
LAST 30 PRESS RELEASES:
Science briefing: An update on GLP-1 drugs for obesity
Lower doses of immunotherapy for skin cancer give better results
Why didn’t the senior citizen cross the road? Slower crossings may help people with reduced mobility
ASH 2025: Study suggests that a virtual program focusing on diet and exercise can help reduce side effects of lymphoma treatment
A sound defense: Noisy pupae puff away potential predators
Azacitidine–venetoclax combination outperforms standard care in acute myeloid leukemia patients eligible for intensive chemotherapy
Adding epcoritamab to standard second-line therapy improves follicular lymphoma outcomes
New findings support a chemo-free approach for treating Ph+ ALL
Non-covalent btki pirtobrutinib shows promise as frontline therapy for CLL/SLL
University of Cincinnati experts present research at annual hematology event
ASH 2025: Antibody therapy eradicates traces of multiple myeloma in preliminary trial
ASH 2025: AI uncovers how DNA architecture failures trigger blood cancer
ASH 2025: New study shows that patients can safely receive stem cell transplants from mismatched, unrelated donors
Protective regimen allows successful stem cell transplant even without close genetic match between donor and recipient
Continuous and fixed-duration treatments result in similar outcomes for CLL
Measurable residual disease shows strong potential as an early indicator of survival in patients with acute myeloid leukemia
Chemotherapy and radiation are comparable as pre-transplant conditioning for patients with b-acute lymphoblastic leukemia who have no measurable residual disease
Roughly one-third of families with children being treated for leukemia struggle to pay living expenses
Quality improvement project results in increased screening and treatment for iron deficiency in pregnancy
IV iron improves survival, increases hemoglobin in hospitalized patients with iron-deficiency anemia and an acute infection
Black patients with acute myeloid leukemia are younger at diagnosis and experience poorer survival outcomes than White patients
Emergency departments fall short on delivering timely treatment for sickle cell pain
Study shows no clear evidence of harm from hydroxyurea use during pregnancy
Long-term outlook is positive for most after hematopoietic cell transplant for sickle cell disease
Study offers real-world data on commercial implementation of gene therapies for sickle cell disease and beta thalassemia
Early results suggest exa-cel gene therapy works well in children
NTIDE: Disability employment holds steady after data hiatus
Social lives of viruses affect antiviral resistance
Dose of psilocybin, dash of rabies point to treatment for depression
Helping health care providers navigate social, political, and legal barriers to patient care
[Press-News.org] California Solar Projects Could Power Up After Bankruptcy CaseA California solar energy company's projects could continue following Chapter 11 bankruptcy.