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Noncommercial bankruptcy filings registered a 17 percent increase, to 42,362 in May 2024 from the May 2023 noncommercial total of 36,335. The number of consumers filing for chapter 7 increased 19 percent to 25,772 in May 2024 from the 21,624 who filed for chapter 7 last year, while chapter 13 filings increased 13 perce... | not-forward | www.globenewswire.com | https://www.globenewswire.com/news-release/2024/06/04/2893110/10374/en/May-Small-Business-Filings-Increase-53-Percent-Over-the-Same-Period-Last-Year.html |
Instead, the court in UPC determined that the solvent debtor exception flows through section 1124(1), which conditions nonimpairment of a class of claims on leaving unaltered the claimants' "legal, equitable, and contractual rights." The issue has also arisen in the chapter 11 cases of The Hertz Corporation and its aff... | not-forward | www.mondaq.com | https://www.mondaq.com/unitedstates/insolvencybankruptcy/1131212/another-bankruptcy-court-rules-the-solvent-debtor-exception-survived-enactment-of-the-bankruptcy-code |
Any open bidding on the Dodgers' cable TV rights would presumably include Time Warner Cable, which earlier this year made a deal to launch English- and Spanish-language networks in 2012 dedicated to the Los Angeles Lakers (ending a Fox cable run that dates back to the 1980s). The Dodgers could be a heady complement for... | forward | variety.com | http://variety.com/2011/tv/news/dodgers-file-for-bankruptcy-1118039192 |
Ascena, which owns roughly 2,800 units across the country, temporarily closed almost its entire brick-and-mortar fleet in mid-March amid government-mandated lockdowns. In addition to reducing executive pay, Ascena implemented furloughs, cut back on advertising expenses, extended vendor payment terms and withheld rent o... | forward | www.yahoo.com | https://www.yahoo.com/lifestyle/amid-reports-exploring-bankruptcy-ann-214905626.html |
Other news items of interest from the Orange County Business Journal Anaheim-based luxury-hybrid manufacturer Fisker Automotive Inc. halted production of its only model, the $100,000 Karma, because the automaker has run low on batteries. The automaker said it will wait for a resolution of bankruptcy proceedings involvi... | not-forward | www.ocbj.com | https://www.ocbj.com/finance/addendum-december-3-2012 |
The restructuring of a fast-food operator Famous Brands' UK-based Gourmet Burger Kitchen (GBK) passed an important milestone when its creditors approved the group's turnaround plan. Famous Brands bought GBK for £120m in 2016, but its poor performance has led it to write down R874m. When it bought GBK and its 97 stores ... | not-forward | www.businesslive.co.za | https://www.businesslive.co.za/bd/companies/retail-and-consumer/2018-12-11-famous-brands-pushes-through-restructuring-of-uk-chain |
LaSorda named a number of other carmakers that Chrysler approached, including Toyota Motor Corp., Volkswagen AG, India's Tata Motors, the Hyundai-Kia Automotive Group, Russia's GAZ, Mitsubishi and Honda Motor Co., as well as a number of Chinese automakers. He said it had also approached some suppliers and parts manufac... | not-forward | www.sandiegouniontribune.com | https://www.sandiegouniontribune.com/sdut-us-chrysler-043009-2009apr30-story.html |
Going-out-of-business sales at KB Toys and Linens 'N Things put pressure on other retailers even before Christmas, and analysts expect competition to get fiercer amid a likely spike in bankruptcy filings. | forward | www.memphisdailynews.com | https://www.memphisdailynews.com/news/2009/jan/8/after-sales-will-shoppers-pay-full-price-again |
Lehman said the creditors include substantially all supporters of two competing reorganization plans. One of those plans was backed by hedge fund firm Paulson & Co and the California Public Employees' Retirement System, the nation's largest public pension fund. The other was backed by Goldman Sachs Group Inc and hedge ... | not-forward | www.ibtimes.com | http://www.ibtimes.com/big-lehman-creditor-group-backs-bankruptcy-plan-470024 |
Northwest Airlines Corp. is close to settling a lawsuit with American Express Corp., lawyers for the nation's fourth-largest airline told a bankruptcy judge on Monday. Northwest filed a lawsuit last week against American Express, claiming the financial services company's travel business was withholding payments worth a... | not-forward | www.aviationpros.com | https://www.aviationpros.com/home/news/10406144/northwest-says-deal-near-with-amex |
Toshiba's loss-hit U.S. nuclear unit could be placed under bankruptcy protection as early as this week, a report said yesterday, sending shares in the Japanese giant lower. Westinghouse Electric is likely to file for Chapter 11 today and is eyeing Korea Electric Power Co. to help with its subsequent restructuring, Japa... | forward | www.dailysabah.com | https://www.dailysabah.com/business/2017/03/28/toshibas-us-atomic-unit-to-file-for-bankruptcy |
Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd on Monday informed the National Company Law Appellate Tribunal (NCLAT) that the insolvency case initiated by the bank against the company has been settled and all the necessary payments have been made by Jun 30, as per reports. In a plea filled by IndusInd Bank, o... | not-forward | www.broadcastandcablesat.co.in | https://www.broadcastandcablesat.co.in/zee-entertainment-indusind-bank-announces-settlement-of-all-dues |
Flybe will cut a further 500 jobs to get its regional airline business back on track, despite announcing a return to profit that saw its shares rocket 40 per cent. | forward | www.thisismoney.co.uk | http://www.thisismoney.co.uk/money/markets/article-2500311/Flybe-cut-500-jobs-shares-rocket-40-tough-turnaround-plan-takes-off.html |
Spansion expects to emerge from bankruptcy proceedings in Q4. "Over the next few months, I anticipate Spansion will file a plan of reorganization and successfully emerge from Chapter 11 bankruptcy in the fourth quarter as a strong, focused company and a formidable competitor in the Flash memory marketplace," says John ... | forward | www.electronicsweekly.com | https://www.electronicsweekly.com/news/products/memory/spansion-out-of-bankruptcy-in-q4-2009-07 |
Just keep in mind, the stock will likely be a little volatile between now and then, so pay attention and look for those moments when momentum or enthusiasm is low. AMR and U.S. Airways announced their merger in mid-February. It was touted as a way for AMR to exit bankruptcy protection, and the markets were abuzz with a... | forward | www.thestreet.com | https://www.thestreet.com/opinion/american-airlines-us-airways-merger-despite-turbulence-will-get-done-11873018 |
Atlanta-based Delta Air Lines Inc. also filed for court protection that day. Delta left bankruptcy on April 30 after terminating its pilots' pension plan, cutting labor and operating costs, restructuring its fleet and reorienting future growth toward expanding international flights. | not-forward | www.foxnews.com | https://www.foxnews.com/story/northwest-gets-judges-ok-to-exit-bankruptcy-in-june |
On the Union Pacific earnings call with analysts on July 18, executives were asked about deteriorating conditions for U.S. coal producers and the recent string of bankruptcies, and how they believe it will affect rail. (Wyoming-based Cloud Peak Energy filed for Chapter 11 bankruptcy protection on May 10, West Virginia'... | forward | www.freightwaves.com | https://www.freightwaves.com/news/coal-to-gas-switch-to-accelerate-slashing-us-coal-demand |
Some congressmen have criticized Treasury's $700 billion Troubled Assets Relief Program, saying it does not help consumers enough. The new legislation is one way that borrowers could get more relief if passed. On Friday, Rep. Barney Frank (D., Mass.), chairman of the House of Financial Services, noted in a press confer... | forward | www.thestreet.com | https://www.thestreet.com/investing/stocks/banks-may-reluctantly-back-bankruptcy-bill-10457189 |
Canadian lithium miner Nemaska Lithium (TSX: NMX), which was backed by Japan's SoftBank, filed for bankruptcy protection in December. Tianqi has a $6-billion debt due to an ambitious expansion overseas in the past two years | not-forward | www.mining.com | https://www.mining.com/tianqi-lithium-selling-stake-to-shore-up-finances |
With American Home Mortgage's home loan portfolio rapidly losing value, its financial backers pulled the plug and the company ran out of cash. American Home Mortgage's 40 biggest creditors include virtually all the major names of Wall Street. At the top of the list are Deutsche Bank AG, JPMorgan Chase & Co. and Wilming... | not-forward | www.spokesman.com | http://www.spokesman.com/stories/2007/aug/07/mortgage-lender-files-for-chapt-11 |
Juul is examining multiple contingency plans, including a possible Chapter 11 bankruptcy petition, in the event that its appeal fails. Analysts have hypothesised that Altria, the American corporation that produces Marlboro cigarettes, may acquire the remaining 65 percent of Juul. | forward | www.bolnews.com | https://www.bolnews.com/business/2022/06/juul-can-keep-selling-products-while-appealing-fda-prohibition" |
Gymboree has also received commitments for up to US$89m in DIP financing to carry it through a prospective restructuring process that will involve selling its Janie and Jack-branded stores and closing a significant amount of the 900 Gymboree and Crazy 8-branded shops, sources said. The DIP package comprises US$30m in n... | forward | finance.yahoo.com | https://finance.yahoo.com/news/gymboree-files-chapter-11-more-155413544.html |
AMR Corp. told a bankruptcy judge that its reorganization plan should be approved even though the U.S. Justice Department has sued to block a merger with US Airways Group Inc. that it depends on. Waiting to resolve the government's antitrust case would be "destabilizing," AMR, the parent company of American Airlines, s... | forward | www.bloomberg.com | http://www.bloomberg.com/news/articles/2013-08-23/amr-calls-delay-of-bankruptcy-plan-approval-destabilizing-1- |
Earlier, in June, lenders led by the State Bank of India had decided to begin insolvency proceedings against Bhushan Steel, Essar Steel and Electrosteel Steels by referring them to NCLT for recovery under the Insolvency and Bankruptcy Code (IBC). | not-forward | www.domain-b.com | https://www.domain-b.com/companies-organisations/firms-companies/bhushan-steel-rallies-20-on-reports-of-arcelormittal-eying-stake |
No. A Chapter 11 bankruptcy filing means the company is restructuring, instead of liquidating its assets. 23andMe announced at the end of June that it has found a buyer, TTAM Research Institute, which is a nonprofit led by 23andMe cofounder and former CEO Anne Wojcicki. "The transaction remains subject to Bankruptcy Co... | forward | www.aol.co.uk | https://www.aol.co.uk/news/23andme-users-until-july-14-174526384.html |
Also, Sections 1106(a)(7) and 1107(a) of the Bankruptcy Code require a debtor in possession or a trustee to report on the progress made in implementing a plan after confirmation. A Chapter 11 trustee or debtor in possession has a number of responsibilities to perform after confirmation, including consummating the plan,... | forward | www.insidearm.com | https://www.insidearm.com/news/00008245-business-bankruptcy-news-bulletin-summary |
Avaya's goal clearly is to make its way through Chapter 11 bankruptcy proceedings with Brady-like aplomb and come away with a comparable victory -- less burdened by debt and therefore more nimble. Avaya is making efforts to stack the odds in its favor -- listening to customers, acting with urgency, and simplifying busi... | forward | www.nojitter.com | https://www.nojitter.com/avaya-execs-rally-customers-partners |
We wrote about Peabody's imminent bankruptcy and what it could mean to taxpayers back in March and June. Peabody's filing follows similar requests from other bankrupt coal companies. Arch Coal Inc., for instance, paid more than $8 million in bonuses to its top executives last January, just days before the company filed... | not-forward | www.taxpayer.net | https://www.taxpayer.net/energy-natural-resources/covering-costs-of-cleaning-up-coal-mines |
The children's clothing chain, which was founded in 1976, started out as a music and play center and grew to a major global retailer with more than 1,000 stores, before being bought by Bain in 2010. The bankruptcy filing came with funding and creditor support to restructure the company, which involved Gymboree closing ... | not-forward | sourcingjournal.com | https://sourcingjournal.com/topics/business-news/gymboree-bankruptcy-turnaround-112310 |
"Flybe has ceased operations and all flights to and from the UK operated by Flybe have been canceled and will not be rescheduled," He reads a statement posted on the regional company's website. | not-forward | www.mediarunsearch.co.uk | https://www.mediarunsearch.co.uk/british-company-led-by-tap-ceo-opens-bankruptcy-proceedings |
Edison Mission Energy filed for Chapter 11 reorganization in U.S. Bankruptcy Court in Chicago on Dec. 17. The unregulated generation unit of Rosemead-based Edison International listed $3.7 billion in unsecured debts in its bankruptcy filing. The debt apparently stemmed in part from recent losses in business for several... | not-forward | www.ocbj.com | https://www.ocbj.com/uncategorized/chevron-sues-mission-energy |
Like many automotive news sites, we are following the beginnings of what might be the unravelling of the Carvana organization. While we could go into numbers and what bankruptcy filing might look like, all that most of us on staff are concerned with is one thing: The fate of the giant car towers. sources: Business Wire... | not-forward | www.theautopian.com | https://www.theautopian.com/how-to-repurpose-carvana-vending-machine-towers-our-daydreaming-designers-brilliant-idea/comment-page-1 |
Times have been tough at J.C. Penney Company, Inc. (NYSE:JCP) recently. The stock is down about 60% over the last year, and CEO Ron Johnson- who was backed by billionaire activist Bill Ackman, head of large J.C. Penney Company, Inc. (NYSE:JCP)shareholder Pershing Square- recently departed the company after his turnarou... | not-forward | www.insidermonkey.com | http://www.insidermonkey.com/blog/j-c-penney-company-inc-jcp-billionaire-george-soros-reaches-for-a-falling-knife-128137 |
Smurfit-Stone Container Corp. emerged from bankruptcy Wednesday and began trading again on the New York Stock Exchange today. This follows a bankruptcy court's approval of the box and packaging maker's financial restructuring on June 21. | not-forward | www.stltoday.com | https://www.stltoday.com/news/local/business/article_78cb2b59-910f-5ddb-ab47-2d40cc514a2b.html |
A shopper holds a Sears Canada Inc. bag for a photograph inside a mall in Toronto, Ontario, Canada, on Thursday, June 22, 2017. Canadian retailer Sears Canada Inc. is seeking creditor protection as it works to restructure the business. Sears Canada Inc., the struggling offshoot of Sears Holdings Corp., filed for protec... | not-forward | financialpost.com | https://financialpost.com/news/retail-marketing/sears-canada-to-seek-court-approval-to-suspend-benefits-for-retirees |
Presumably, the Glencore-controlled lender could submit a bid for the business, bidding the asserted $95 million value of its secured liens for the company. The Unsecured Creditors' Committee has expressed its concerns about the Glencore-controlled lender making such a bid, describing the sale process as "an orchestrat... | forward | usw.org | https://usw.org/news/glencore-continues-to-control-sherwin-bankruptcy-case |
Mr. Zoullas continued, "With our new and conservative capital structure in place, an on-the-water quality fleet of 45 vessels, and a best-in-class management platform, Eagle Bulk is uniquely positioned to capitalize on current and future drybulk market fundamentals." In conjunction with its emergence from the financial... | not-forward | www.prnewswire.com | https://www.prnewswire.com/news-releases/eagle-bulk-shipping-inc-completes-financial-restructuring-279348732.html |
Kodak announced the completion of the sale process on Monday, only days after it asked a US Bankruptcy Court for yet another extension of the exclusive control it has over its own bankruptcy process. The extension, the company's third in a little more than a year, would give Kodak until 31 May 2013 to file a Chapter 11... | not-forward | www.printweek.com | https://www.printweek.com/content/news/kodak-requests-third-chapter-11-plan-extension-concludes-patent-sale |
The Korean parent company, SsangYong Motor Company, currently has debts of 1.5 trillion won (£1.013 billion). It applied for similar corporate rehabilitation in January 2009 following the global financial crisis. | not-forward | professionalpickup.com | https://professionalpickup.com/ssangyong-applies-for-bankruptcy-protection-in-south-korea |
The Container Store Group, Inc. has filed for bankrutpcy. The 46-year-old retailer of organizing solutions and custom space has filed for Chapter 11 protection in the Bankruptcy Court for the Southern District of Texas. In a statement, The Container Store said the filing will help it "bolster its financial position, fu... | forward | chainstoreage.com | https://chainstoreage.com/container-store-files-bankruptcy-company-here-stay-says-ceo |
The retired casino executive pointed to a pair of Harrah's properties, one in Reno and the other about an hour-and-a-half drive away in South Shore Lake Tahoe, on the Nevada side of the lake, which have had "little capital improvements" due to the bankruptcy of parent company, Caesars Entertainment Operating Co. (The c... | not-forward | www.greenbaypressgazette.com | https://www.greenbaypressgazette.com/story/news/2020/01/31/palm-springs-area-casinos-reno-how-gaming-markets-compare/2553195001 |
Under the settlement, JPMorgan would turn over some $4 billion in disputed deposit accounts to WMI for distribution to holders of allowed claims against the bankruptcy estate. JPMorgan in return would get 80 percent of expected tax refunds resulting from Washington Mutual's prior operating losses, which are valued at b... | forward | journalrecord.com | https://journalrecord.com/2011/01/wamu-shareholders-appeal-ruling-on-plan-finance |
GUADALAJARA, Mexico, Jan. 4, 2024 - Betterware de Mexico S.A.P.I. de C.V. (NASDAQ: BWMX), a leading direct-to-consumer household products company, has announced significant management changes aimed at supporting its future growth plans and optimizing operations in light of its expanded geographical presence. | forward | csimarket.com | https://csimarket.com/news/betterware-de-mexico-implements-management-changes-to-drive-future-growth-and-optimize-operations2024-01-04210618 |
Canopy Growth (TSX: WEED) has placed its BioSteel division into bankruptcy proceedings under the Companies Creditors Arrangement Act in the Ontario Superior Court of Justice. The company has also move to seek recognition of the proceeding under Chapter 15 of the US Bankruptcy Code to give full force and effect to the o... | not-forward | thedeepdive.ca | https://thedeepdive.ca/canopy-growth-places-biosteel-sports-division-into-bankruptcy-proceedings |
Steelworkers attended an announcement and flag-raising last December when the company changed its name back to Stelco. As of September, Stelco employs more than 2,200 people. (Kelly Bennett/CBC) | not-forward | www.cbc.ca | https://www.cbc.ca/news/canada/hamilton/mcquade-retire-stelco-1.4368960 |
Arizona-based Kona Grill Inc. and its subsidiaries — including Kona Grill Puerto Rico Inc. — have filed a Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware, to facilitate its previously announced sale process. | not-forward | newsismybusiness.com | https://newsismybusiness.com/casual-dining-restaurant-chain-kona-grill-seeks-ch-11-bankruptcy-protection |
In 2019, TPC Group Inc. (the " Company ") issued 10.50% senior secured notes due 2024 (the " Original Notes ") under an indenture (the " Indenture ") while simultaneously entering into a $200 million ABL facility. The Original Notes and the ABL facility were secured by the same collateral, so the parties entered into a... | not-forward | www.mondaq.com | https://www.mondaq.com/unitedstates/insolvencybankruptcy/1219864/bankruptcy-court-holds-that-noteholders-sacred-right-was-not-an-anti-lien-subordination-provision-in-permitting-uptier-transaction |
LANCASTER, Pa., May 09, 2022 (GLOBE NEWSWIRE) -- Armstrong Flooring, Inc. (NYSE: AFI), a leader in the design and manufacture of innovative flooring solutions ("Armstrong Flooring" or "the Company"), today announced that the Company and certain of its subsidiaries have filed for voluntary protection under Chapter 11 of... | forward | www.globenewswire.com | https://www.globenewswire.com/news-release/2022/05/09/2438211/0/en/Armstrong-Flooring-Files-Voluntary-Chapter-11-Petitions-Continuing-to-Pursue-Sale-of-Business-Through-Chapter-11-Process.html |
The new Biacore(R) T100 will play a key role in strengthening our core business with academic customers as well as growing our sales with pharmaceutical and biotech companies. We anticipate that Biacore(R) T100 will quickly become Biacore's largest-selling system." The Company will present information on Biacore(R) T10... | forward | www.globenewswire.com | https://www.globenewswire.com/en/news-release/2005/01/27/322029/1194/en/Biacore-to-launch-Biacore-T100-the-most-advanced-system-to-date-for-protein-interaction-analysis.html |
"Overstock has a great business model with a name that does not reflect its focus on home," he said in a statement. "Bed Bath & Beyond is a much-loved and well-known consumer brand, which had an outdated business model that needed modernizing." Overstock bought Bed Bath & Beyond in June for $21.5 million during a bankr... | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/bed-bath-beyond-returns-online-171233952.html |
Artworks by Takashi Murakami, Andreas Gursky, and Jasper Johns are among the lesser-known assets in Lehman Brothers' meltdown. Lehman Brothers Holdings Inc. owns about 3,500 contemporary artworks that have been displayed in the investment bank's offices around the world, and the fate of the collection is unclear. Depen... | forward | www.nysun.com | https://www.nysun.com/article/arts-lehman-collection-headed-for-liquidation |
Jos. A. Bank's parent company, Tailored Brands, whose other holdings include Men's Wearhouse, announced in July that because of the "unprecedented and industrywide business disruptions" sparked by the coronavirus, it planned to eliminate around 20 percent of its corporate positions and might close up to 500 stores. It ... | not-forward | www.reviewjournal.com | https://www.reviewjournal.com/business/dicks-opening-in-las-vegas-strip-mall-as-other-shops-flounder-2129641 |
The company's web site reads, "Sears Hometown & Outlet Stores Inc. is not part of the bankruptcy filing by Sears Holdings Corp." And continues in bold letters, "It remains business as usual at Sears Hometown and Outlet Stores." | not-forward | wwd.com | https://wwd.com/feature/lampert-proposal-to-buy-sears-hometown-and-outlet-stores-1203101039 |
Naos Yachts has the best selection of all the newest Beneteau Oceanis models and power boats that any prospective seafarers could ever dream of. From the Barracuda 9 to Swift Trawler power boats, to any of the numbered Beneteau Oceanis luxury yachts, Naos Yachts helps to make dreams of sea exploration a reality. Benete... | not-forward | www.newswire.com | https://www.newswire.com/news/find-the-beneteau-sailboat-for-every-adventure-at-naos-yachts-39512 |
"We emerge from bankruptcy as a stronger, leaner, more competitive company, with an improved balance sheet and liquidity, intent on making LyondellBasell the industry leader," said CEO Jim Gallogly. "Our employees have worked diligently for more than one year to bring us to this point…and we can now devote our full att... | forward | www.canplastics.com | https://www.canplastics.com/economy/lyondellbasell-exits-chapter-11-with-new-ownership/1000369944 |
Richmond is a popular jurisdiction for retail bankruptcies. Children's clothing store Gymboree filed there earlier this year, and that court also handled Circuit City's filing in 2008. | not-forward | www.delawareonline.com | https://www.delawareonline.com/story/money/2017/09/22/large-retailers-avoiding-delaware-bankruptcy-court/688642001/?from=new-cookie |
Carson's department stores have been in liquidation mode since the spring, following the Chapter 11 bankruptcy filing of the retailer's parent company, Bon-Ton Stores. | not-forward | www.freep.com | https://www.freep.com/story/money/business/2018/07/17/carsons-closing-livonia-air-conditioning/791940002/?from=new-cookie |
A federal judge has ruled that California cities may alter pensions in bankruptcy – a move that none of the state's three cities to enter Chapter 9 protection have attempted. The ruling came as the judge presiding over Stockton's bankruptcy trial delayed making a decision in that case about whether the city's exit plan... | not-forward | www.governing.com | https://www.governing.com/news/headlines/gov-stockton-bankruptcy.html |
National Company Law Tribunal-appointed resolution professional asked applicants to submit resolution plans for Ruias-owned Essar Steel by October 23. | forward | www.business-standard.com | https://www.business-standard.com/amp/article/current-affairs/essar-steel-insolvency-case-irp-seeks-suggestions-on-resolution-plan-117100600880_1.html |
(Reuters) - Faraday Future Intelligent Electric Inc's shares fell more than 7% in premarket trading on Tuesday after the electric-vehicle maker flagged the need for more cash to launch its FF91 luxury model. The company is in talks to raise more than $200 million to fund production activities until year-end and beyond,... | forward | au.news.yahoo.com | https://au.news.yahoo.com/amphtml/ev-firm-faraday-future-drops-110511116.html |
Even with this latest reprieve, Sears' long-term survival remains an open question. Lampert hasn't put forth any specific reinvention plans and the company still faces cutthroat competition from Amazon, Target and Walmart. Lampert steered Sears into Chapter 11 bankruptcy protection in October. The company's corporate p... | not-forward | losspreventionmedia.com | https://losspreventionmedia.com/breaking-news-industry-february-11-2019 |
To prepare the rehabilitation plan, the court approved EY Corporate Advisory Services in conjunction with six Thai Airways directors. The court's decision to allow Thai Airways to rehabilitate makes this the largest business restructuring case in Thai history, as well as the largest Thai business casualty to date resul... | forward | www.tilleke.com | https://www.tilleke.com/insights/bankruptcy-court-approves-business-rehabilitation-thai-airways/2 |
Naturally, that generated a lot of buzz. But before you get too excited at Atari's possible return to the console wars, you should consider where the company is now, where it plans to go, and what Fred Chesnais has publicly stated since he rescued the company from bankruptcy protection in 2013. What you'll find is that... | forward | www.digitaltrends.com | https://www.digitaltrends.com/computing/whats-inside-the-ataribox |
China Aoyuan Group completed its offshore debt restructuring on Wednesday, meaning that the struggling Chinese developer has managed to reorganise both its onshore and offshore liabilities, ensuring that it avoids default. | not-forward | www.mingtiandi.com | https://www.mingtiandi.com/real-estate/crelist/roundup-beijing-developer-defaults-on-300m-offshore-bond |
"This is the end of American Apparel as we know it," said Lloyd Greif, chief executive of Los Angeles investment banking firm Greif & Co. | not-forward | www.latimes.com | https://www.latimes.com/business/la-fi-american-apparel-bankruptcy-20161114-story.html |
In July, a group of hedge fund companies and Wall Street banks including Goldman Sachs Group, Inc. (NYSE:GS), Bank of America Corp (NYSE:BAC), D.E. Shaw & Co. and Credit Suisse Group AG (NYSE:CS) among others filed legal fees claims to the bankruptcy court citing that they made "substantial contributions" to Lehman Bro... | not-forward | www.valuewalk.com | https://www.valuewalk.com/2012/09/lehman-brothers-to-pay-legal-fees-of-creditors |
U.S. Steel Canada, which purchased Stelco's assets in 2007, declared bankruptcy last month. Now, it wants to take the $185 million from U.S. Steel Corp., its Pennsylvannia-based parent, in debtor-in-possession financing. | forward | www.cbc.ca | https://www.cbc.ca/news/canada/hamilton/headlines/u-s-steel-bankruptcy-hearing-adjourned-for-negotiations-1.2788692 |
Huge bankruptcies, such as those filed by Lehman, General Growth Properties (owner of the Steeplegate Mall in Concord) and Smurfit Stone Container Corp. accounted for many of the transfers last month.Certainty and liquidityThe FairPoint filing may be big news to northern New England. After all, the company bought Veriz... | not-forward | www.nhbr.com | http://www.nhbr.com/march-26-2010/vendors-in-fairpoint-bankruptcy-case-find-lots-of-companies-are-eager-to-buy-their-debt |
The Supreme Court had suggested that it may consider auctioning Unitech properties through a court-appointed receiver in the coming days. The idea came after Kumar suggested that Unitech can sell flats in 64 projects to refund its customers. Unitech reportedly owes a total of Rs Rs 7,800 to 16,300 homebuyers in 61 proj... | forward | www.businesstoday.in | https://www.businesstoday.in/current/policy/nclt-unitech-management-homebuyers-mismanagement-in-unitech/story/265559.html |
Bed Bath & Beyond filed for Chapter 11 bankruptcy protection in April and subsequently determined to liquidate. The company's stores, which are not included in the Overstock transaction, continue conducting going-out-of-business sales. | not-forward | www.homepagenews.com | https://www.homepagenews.com/retail-articles/ovestock-wins-bed-bath-beyond-intellectual-assets |
Dallas Morning News: Freestanding Emergency Room Operator Adeptus May Soon Emerge From Bankruptcy Just five months after filing for bankruptcy, the company that operates the largest chain of freestanding emergency rooms in the U.S. says it will soon return as a privately held company. A North Texas judge has confirmed ... | forward | kffhealthnews.org | https://kffhealthnews.org/morning-briefing/friday-september-29-2017 |
As of Jan. 13, the company said it operated 449 stores in 44 states, including 315 Missy, Petite, Women stores, 76 outlet stores, 31 Christopher & Banks stores and 28 C.J. Banks stores. | not-forward | ca.movies.yahoo.com | https://ca.movies.yahoo.com/christopher-banks-files-bankruptcy-protection-124751938.html |
Bank of America consolidated borrowings during the credit crisis peaked at $48.1 billion, nearly double the amount of money that Lehman Brothers requested but did not get from the Federal Reserve prior to its bankruptcy filing on September 14, 2008. Today's study incorporates Bank of America bond price data as of Augus... | not-forward | www.kamakuraco.com | https://www.kamakuraco.com/bank-of-america-corporation-bonds-to-bank-on |
ABOUT CAESARS Caesars Entertainment Corporation ("CEC") is the world's most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. CEC is mainly comprised of the following three entities: wholly owned Caesars Entertainment Resort Properties ("CERP"), Caesars Gro... | not-forward | www.prnewswire.com | http://www.prnewswire.com/news-releases/caesars-entertainment-partners-with-american-gaming-association-to-recognize-responsible-gaming-education-week-aug-1-5-2016-300308060.html |
Hanjin Shipping filed for bankruptcy protection at the end of August, worrying local retailers about the fate of their cargo. Hanjin had been delivering about three major shipments per week to the Port - nearly one-third of the traffic at Terminal 46 - and owned the company that operated the terminal. | not-forward | www.marinelink.com | https://www.marinelink.com/news/operations-seattle-hanjin420116 |
Holley's fast-track restructuring was accomplished with no disruption to our business. We would like to thank our customers, employees, and vendors for their support during our brief pit stop in Chapter 11." " Speed Racer " actors Matthew Fox, Emile Hirsch, John Goodman, Christina Ricci and Susan Sarandon stopped by th... | forward | www.sema.org | https://www.sema.org/news-media/enews/2008/17/movers-shakers-holley-performance-products-back-track-phil-harris-tommy |
American Apparel filed for its second tour in bankruptcy court in November, less than a year after emerging from its first go through. As part of its latest filing, the company struck a deal with Montreal T-shirt firm Gildan Activewear Inc., which is poised to acquire the intellectual property and potentially some of t... | forward | www.yahoo.com | https://www.yahoo.com/style/american-apparel-stores-brace-closures-050158191.html |
The drama continued meanwhile in a New York courtroom in a second day of hearings on the government-backed plan to rescue Chrysler by creating a partnership with Fiat. Chrysler chief executive Robert Nardelli told the hearing that the only alternative would be a calamitous liquidation. "It got down to either file for b... | forward | www.smh.com.au | https://www.smh.com.au/world/gm-bankruptcy-takes-shape-chrysler-awaits-ruling-20090529-bptm.html |
The company, formerly known as Millennium Entertainment, relaunched itself as Alchemy early last year and was an aggressive buyer at film festivals. It announced in July that it had acquired ANconnect and Anderson Digital and formed a strategic alliance with ARC Entertainment to act as aggregator for Walmart, Target, B... | not-forward | variety.com | http://variety.com/2016/film/news/alchemy-chapter-7-bankruptcy-protection-1201810175 |
However, Millennium lacked the liquidity to service its debt obligations under its loan agreement and meet its financial obligations under the 2015 Settlement. Following negotiations, Millennium and an ad hoc group of lenders that did not include Voya entered into a restructuring support agreement (the "RSA") that outl... | not-forward | www.mayerbrown.com | https://www.mayerbrown.com/en/insights/publications/2020/01/third-circuit-holds-bankruptcy-courts-may-constitutionally-confirm-a-chapter-11-plan-containing-nonconsensual-third-party-releases |
Justice, in Chesapeake (Greenbrier), Newport News (Patrick Henry), Norfolk (MacArthur), Virginia Beach (Lynnhaven): As part of that same Ascena bankruptcy filing, most of Justice's tween-focused stores across the country are also folding and holding clearance sales. Multiple locations spread out across Hampton Roads ha... | not-forward | www.pilotonline.com | https://www.pilotonline.com/business/consumer/vp-db-coronavirus-closings-restaurants-20200608-q77b6xcjrng2foeitgffvkhojm-story.html |
Cyxtera Technologies, which voluntarily filed for Chapter 11 bankruptcy relief on June 4, 2023, was granted a court order on June 29, 2023, by the U.S. Bankruptcy Court for the District of New Jersey, authorizing a series of steps to sell or attract investment in the new equity interests issued by the reorganized compa... | forward | dgtlinfra.com | https://dgtlinfra.com/cyxtera-new-sale-process |
In Sears, the bankruptcy court had approved the assignment and assumption of Sears' lease at the Mall of America, one of Sears' hundreds of leases, to a newly-formed entity known as Transform Leaseco LLC (" Transform "), headed by Sears' final CEO, Eddie Lampert. Transform had purchased substantially all of Sears' asse... | not-forward | natlawreview.com | https://natlawreview.com/article/score-one-shopping-center-landlords-adequate-assurance-future-performance-means-just |
Borders Group Inc, the second-largest U.S. book chain, may file for bankruptcy later this month, a source familiar with matter said. The struggling chain, which operates, 500 stores, will likely close at least 150 stores, according to a separate report by Bloomberg News. Several private equity investors are considering... | forward | www.foxbusiness.com | https://www.foxbusiness.com/markets/borders-may-reportedly-file-for-bankruptcy-this-month |
The National Company law Tribunal (NCLT) has approved JSW Steel's Rs 19,700-crore resolution plan for the embattled Bhushan Power and Steel Limited (BPSL). This is the second major steel asset that the company has acquired under the insolvency code. The bankruptcy court has appointed a monitoring panel to oversee the i... | not-forward | www.businesstoday.in | https://www.businesstoday.in/current/corporate/nclt-approves-jsw-steel-rs-19700-crore-resolution-plan-for-bhushan-power-and-steel/story/377489.html?utm_source%3dfacebook%26utm_medium%3dweb |
Core Scientific in October admitted that it was about to run out of money and said at the time that bankruptcy is a possibility. The company has already engaged the law firm Weil, Gotshal & Manges LLP as legal advisers and PJT Partners LP as financial advisers to assist in evaluating strategic alternatives. | forward | cryptonews.com | https://cryptonews.com/news/bitcoin-miner-firm-core-scientific-posts-400-million-quarterly-loss-bankruptcy-soon.htm |
Tesco chief executive Philip Clarke said: "The large stores we have are great and we are doing a lot of work to make them more vibrant and relevant for today's customers, but we won't need many more of them because growth in future will be multichannel - a combination of big stores, local convenience stores and online.... | forward | www.dailyrecord.co.uk | https://www.dailyrecord.co.uk/business/business-food-drink/tesco-profits-down-52-writedowns-3070352 |
Ambani had hoped to avoid insolvency proceedings by offloading his company's telecom tower and spectrum business to his brother's business Reliance Jio for $2.4 billion, but the deal hit regulatory hurdles and opposition from creditors. Reliance Communications faces liquidation if it is unable to pay back its debts by ... | forward | www.dawn.com | https://www.dawn.com/news/1465000/court-orders-indian-tycoon-anil-ambani-to-pay-debt-or-go-to-jail |
ESTERO, Fla., June 30, 2021 /PRNewswire/ -- Hertz Global Holdings, Inc. (OTCPK:HTZGQ) ("Hertz" or the "Company") today announced that it has successfully completed its Chapter 11 restructuring process and has emerged as a financially and operationally stronger company that is well-positioned for the future. Hertz's Pla... | not-forward | apnews.com | https://apnews.com/press-release/pr-newswire/business-health-coronavirus-pandemic-cb686ba327430566b18562c5903ab42c |
"We appreciate the patronage of the many residents and guests that have dined at the Illinois Ruby Tuesday restaurants over the years along with the dedicated employees of the franchisee and will evaluate opportunities to return to the market in the future," Ruby Tuesday said. | forward | www.chicagotribune.com | https://www.chicagotribune.com/business/ct-ruby-tuesday-illinois-0729-biz-20160729-story.html |
The disagreement regarding the unpaid rent dates back to 2022, when the city served SeaWorld a default notice for the sum, including penalties such as late fees and interest. SeaWorld contested the claim, indicating that its agreement with the city didn't account for the pandemic's unprecedented impact on the venue's o... | not-forward | hoodline.com | https://hoodline.com/2024/12/san-diego-and-seaworld-settle-for-8-5-million-over-disputed-back-rent-amidst-covid-19-pandemic |
Gautam Adani celebrating his birthday with his family. Photo: @gautam_adani/Twitter He paid US$52 million for prime estate in New Delhi Very little is known about Adani's private life or how he spends his money. India Times reported that he does not come from a wealthy family and worked hard for his riches. The publica... | not-forward | luxurylaunches.com | https://luxurylaunches.com/celebrities/crazy-rich-life-of-gautam-adani.php |
The biggest ever trucking industry bankruptcy occurred earlier this month. The publicly-traded Celadon Group filed for Chapter 11 bankruptcy protection on December 8 after two former executives were charged with accounting fraud, costing shareholders some $60 million. This left close to 4,000 Celadon employees jobless,... | not-forward | www.forbes.com | https://www.forbes.com/sites/greatspeculations/2019/12/18/heres-what-the-trucking-industry-could-learn-from-airlines |
The German shipyard operations of Genting Hong Kong filed for bankruptcy on January 10 after last-minute talks between the Malaysian parent company and the German state officials failed to reach an agreement on the terms of a government loan to keep the operations going. The filings known as insolvency under German law... | not-forward | www.maritime-executive.com | https://www.maritime-executive.com/article/genting-s-german-shipyards-file-for-bankruptcy |
Jim Macias, a Calpine senior vice president, said in an interview that he expected other creditors and the judge overseeing the bankruptcy case to approve the deal, because it keeps the utility in operation while keeping its power-procurement costs down. | forward | www.sfgate.com | https://www.sfgate.com/business/article/Calpine-top-PG-E-creditor-2900854.php |
While investors originally cheered the merger, the luster began to fade as the combined company's U.S. sales faltered. Then came a disclosure in February 2019 that Kraft Heinz had received a subpoena from the Securities and Exchange Commission related to its accounting policies and internal controls. The company also s... | not-forward | www.nbcnews.com | https://www.nbcnews.com/business/business-news/kraft-heinz-split-two-companies-rcna228490 |
A few months ago, the CBC is reported that a U.S. bankruptcy judge had approved the sale of the Canadian operations of Toys "R" Us to Toronto-based Fairfax Financial Holdings Ltd. | not-forward | www.styledemocracy.com | https://www.styledemocracy.com/100-canadian-its-official-toys-r-us-has-been-saved-by-a-canadian-company |
Delta Airlines will launch a survival strategy that includes job cuts, pay and benefit restructuring, and operational improvements to become what CEO Gerald Gerstein calls a "leaner, simplified, more productive airline." Rumors circulated throughout the summer that the airline was close to filing for Chapter 11 bankrup... | forward | www.mhlnews.com | https://www.mhlnews.com/transportation-distribution/article/22046294/warning-bells-toll-at-north-american-airlines |
Syncora insured some of the debt and swaps. Shortly after the city officially ended the deal with the banks on Feb. 6, Syncora dropped the lawsuit. Detroit on Jan. 31 filed a lawsuit in U.S. Bankruptcy Court seeking to invalidate the pension debt, a move that could also void the swaps. | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/detroit-bankruptcy-judge-hear-crucial-120000298.html |
Northern California lawmakers were successful ensuring the measure included provisions to apply pressure on embattled Pacific Gas and Electric Co. for 2017 and 2018 fire victims, who continue pursuing their liability claims with the bankruptcy judge handling the utility's Chapter 11 case. The state's largest utility so... | not-forward | www.pressdemocrat.com | https://www.pressdemocrat.com/home/a1/9789248-181/state-legislature-passes-key-legislation |
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