UPDATE 3-US credit card issuer Advanta files for bankruptcy
The Spring House, Pennsylvania-based company and more than a dozen affiliates filed for Chapter 11 protection late Sunday with the U.S. bankruptcy court in Delaware. The... More »
Interactive Investor International - Nov. 9, 2009
Small-Business Card Company Files Ch. 11
Posted by: John Tozzi on November 09 Advanta Corp., once one of the largest credit card lenders to small businesses, filed to reorganize under Chapter 11 bankruptcy... More »
BusinessWeek - Nov. 9, 2009
Advanta files for Chapter 11 bankruptcy
Its shares plunged more than 70% in midday trading Monday, dropping 25 cents to 8 cents. Earlier in the session, the stock hit an all-time low of 7.5 cents. The filing late... More »
USA Today - Nov. 9, 2009
Advanta circles the drain
Five months after shutting down its credit card accounts, Advanta is filing for Chapter 11 as it battles mounting debt defaults. NEW YORK (CNNMoney.com) -- Small business... More »
CNN Money - Nov. 9, 2009
BRIEF-Advanta says files voluntary petition for...
SAYS FILES A VOLUNTARY PETITION FOR REORGANIZATION UNDER CHAPTER 11 OF THE U.S. BANKRUPTCY CODE. SAYS HAS NEARLY $100 MILLION CASH AND EQUIVALENTS ON HAND, BUT OVER TIME... More »
Interactive Investor International - Nov. 8, 2009
US credit card issuer Advanta files for bankruptcy
* Says Advanta Bank Corp not included in filing * Advanta Bank capital below regulatory requirements * Shares tumble to 8.5 cents (Edits, adds details from court filing,... More »
CNN Money - Nov. 9, 2009
Advanta Corp. Files for Chapter 11 Bankruptcy
Small business credit card lender Advanta Corp. has filed for Chapter 11 bankruptcy protection. Its shares plunged more than 70 percent in midday trading Monday, dropping 25... More »
ABC News - Nov. 9, 2009
Bankruptcy filing is a blow to small business
NEW YORK (CNNMoney.com) -- Small business credit card lender Advanta has filed for bankruptcy, five months after it cut off new lending on its 1 million customer accounts.... More »
CNN - Nov. 9, 2009
Bankruptcy filing is a blow to small business
Five months after shutting down its credit card accounts, Advanta is filing for Chapter 11 as it battles mounting debt defaults. NEW YORK (CNNMoney.com) -- Small business... More »
CNN Money - Nov. 9, 2009
UPDATE 2-Advanta files for bankruptcy protection
In the filing with the U.S. Bankruptcy Court for the District of Delaware, Advanta listed total assets of about $363 million and total debt of about $331 million. The... More »
Interactive Investor International - Nov. 8, 2009