The iconic inventor of instant photography and its subsidiaries have filed for Chapter 11 bankruptcy protection

Audiovisual equipment and services provider MCSi filed for Chapter 11 bankruptcy protection in early June. The company has been plagued by a series of problems, including a Securities and Exchange Commission investigation, shareholder lawsuits, and removal from the Nasdaq. As of press time, it was engaged in negotiating a restructuring plan with its lenders.

Within 30 days, the company said it would file a plan with a strategy to exit bankruptcy, reduce debt by $250 million, and repay creditors

U.S. Digital Television, a fledgling wireless cable service provider that offered 30 channels of basic cable for $19.95 per month, has filed for Chapter 7 liquidation bankruptcy. The filing listed assets of $1 million-$10 million and estimated debts of $10 million-$50 million. The Utah-based company claimed to have

Production house Henninger Media Services has filed for Chapter 11 bankruptcy protection, citing a slowdown in media and advertising services and the events of Sept. 11. The company is not liquidating or going out of business and expects to recapitalize without any disruption to clients, the company president Rob Henn

The company said Dec. 8 that the restructuring is focused on bringing its debt “in line with current economic realities

Chapter 11 reorg to wipe out $8 billion in debt

John Rigas, founder and former CEO of Adelphia Communications Corp., the nation's sixth largest cable company that recently filed for bankruptcy, was arrested along with two of his sons and two company executives. They stand accused of looting the company for personal gain, and were charged with a count of federal cons