Showing posts with label Bankruptcy. Show all posts
Showing posts with label Bankruptcy. Show all posts

Wednesday, May 23, 2012

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"SHOO-IN FOR FINANCIAL RUIN"

Youʻll Not Only Lament Whatʻs Being Spent, You Wonʻt Be Alone When You Let Out A Groan.

Thereʻs Too Much At Stake To Ignore Other Cities Mistakes.

Hawai`iʻs Budget It Will Choke & Leave Honolulu Broke.

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Friday, May 28, 2010

US MOVES TO ARREST HAWAI`I SUPERFERRY
The US government has taken the first step towards an eventual court-ordered auction of two catamarans formerly owned by the bankrupt Hawai`i Superferry, by securing arrest warrants against the two ships in Virginia to recoup amounts due.

The move comes one year after Hawaii Superferry entered Chapter 11 protection.

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Tuesday, April 20, 2010

HAWAI`I SUPERFERRY STUDY SINKS

Maui News - April 7, 2010


HONOLULU - The Hawai`i Senate sunk an idea Tuesday that would have studied the creation of a state-sponsored ferry service between the islands.


After the failure of the short-lived Hawai`i Superferry, senators weren't eager to try again. The full Senate killed the bill on a 17-8 vote....


...Senator Sam Slom said a government ferry service wouldn't stand a chance of succeeding after the privately run Superferry went bankrupt a year ago....

...The Hawai`i Superferry, the state's first interisland car and passenger service, shut down last year after the state Supreme Court ruled the company couldn't operate until an environmental review was completed. Without revenues, the Superferry said the expenses of maintaining its two vessels forced the company into bankruptcy....
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Wednesday, June 10, 2009

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"LEFT HOLDING THE BAG"

Hard Times In Hawai`i Means Workers Furloughed.

The Recent Superferry Bankruptcy Means Investors Walk Away Debt Free.

What's Going On? Is There A Connection Between The Two?

Watch & Find Out.

Saturday, May 30, 2009

BULLETIN! - SUPERFERRY FILES FOR BANKRUPTCY

Hawai`i Superferry Inc., which provided high-speed ferry service for cars and passengers between Hawai`i’s O`ahu and Maui islands, filed for bankruptcy protection today.


Hawai`i Superferry and parent HSF Holding Inc. filed Chapter 11 bankruptcy petitions in Wilmington, Delaware. They cited a Hawai`i Supreme Court ruling in March that struck down a state law permitting the company to operate before completing an environmental impact statement.