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Department store chain Stage Stores Inc. has filed a petition under Chapter 11 of the U.S. Bankruptcy Code in U.S. Bankruptcy Court in Houston, Texas. The company plans to reorganize its debts, officials said. Stage Stores operas a department store in Sidney. | not-forward | www.sidneydailynews.com | https://www.sidneydailynews.com/2025/06/02/out-of-the-past-june-2 |
Reports at the time of GenOn's bankruptcy filing said the company's restructuring plan would eliminate $1.83 billion in GenOn Energy debt, along with $695 million from GenOn Americas Generation. Filings also showed the plan involves NRG ceding all equity in the restructured GenOn to the subsidiary's creditors. At the t... | not-forward | www.powermag.com | https://www.powermag.com/genon-selling-more-assets-in-restructuring/?itm_source=parsely-api |
Kinder Morgan President Kim Dang said on Sept. 4 that the company expects to reduce its debt-to-EBITDA ratio to around 4.5, consistent with where management expects to end the year. Despite this, the company's leverage ratio is still above Joel Tillinghast's safe threshold of 4 and underperforms 73% of global competito... | forward | finance.yahoo.com | https://finance.yahoo.com/news/4-energy-stocks-t-boone-220452598.html |
Libbey Inc., one of the world's largest glass tableware manufacturers, filed an Amended Plan of Reorganization (the "Plan") and a related Disclosure Statement today in the U.S. Bankruptcy Court for the District of Delaware ("the Court"). The Plan outlines the Company's proposal to strengthen its balance sheet, reduce d... | forward | www.glassonline.com | https://www.glassonline.com/libbey-amended-plan-of-reorganization-and-disclosure-statement |
Wayne Rogers: I think that's — listen, when they talk about Goldman Sachs, Goldman Sachs is a conspiracy with the government. They're a fascist organization. They are supplying, you know, the guy who's the Secretary of the Treasury, then he goes back to Goldman Sachs. Meantime, he owns 800,000 shares of Goldman Sachs, ... | not-forward | www.foxnews.com | http://www.foxnews.com/story/2009/11/16/recap-saturday-november-14.html |
The company escaped a Chapter 11 bankruptcy declaration in 2021 when its ownership company, Biglari Holdings, paid off the chain's $153million of debt. | not-forward | www.the-sun.com | https://www.the-sun.com/money/8956613/steak-n-shake-closed-fast-food-kansas |
"On Sept. 14, 2015, the USVI Department of Justice filed a lawsuit against Hess seeking over $1 billion in damages for a pattern of misconduct by Hess and its subsidiaries, including Hovensa, that allegedly stripped away assets while encumbering the government with pollution liabilities. On Sept. 15, 2015, the day afte... | not-forward | stcroixsource.com | https://stcroixsource.com/2022/09/25/hess-blocking-usvi-asbestos-cases-with-bankruptcy-creditors-say |
Details of the agreement were not immediately released. Flight attendants have the right to accept or reject it. The Associated Press left a phone message with Association of Flight Attendants' spokeswoman Carla Rogat seeking comment. Mesaba, a feeder for Northwest Airlines Corp. that serves 88 cities in the U.S. and C... | not-forward | www.aviationpros.com | https://www.aviationpros.com/home/news/10395643/mesaba-flight-attendants-reach-deal |
Business slowed and the company forged a deal with Target Corp ( NYSE: TGT ), allowing the retail chain to sell its plastic containers in its U.S. stores in 2002. | not-forward | abbonews.com | https://abbonews.com/business/tupperware-brands-nyse-tup-from-a-us-household-brand-to-an-indebted-kitchenware-maker |
Any forward-looking statements are based upon management's beliefs and assumptions at the time they are made. We undertake no obligation to publicly update or revise any forward-looking statements or to update the reasons why actual results could differ from those contained in such statements, whether as a result of ne... | not-forward | www.globenewswire.com | https://www.globenewswire.com/news-release/2024/01/29/2819489/0/en/SOUTHERN-MISSOURI-BANCORP-REPORTS-PRELIMINARY-RESULTS-FOR-SECOND-QUARTER-OF-FISCAL-2024-DECLARES-QUARTERLY-DIVIDEND-OF-0-21-PER-COMMON-SHARE-CONFERENCE-CALL-SCHEDULED-FOR-TUESDAY-J.html?f=22&fvtc=1&fvtv=Earnings+Releases+And+Operating+Results |
A Chapter 11 bankruptcy filing gives companies breathing room from creditors in order to regroup and relaunch. Circuit City started down this path in November, but in mid-January it decided that rehab was too tough and threw in the towel. The company's move signals an alarming trend: more firms are deciding to forgo th... | not-forward | www.newsweek.com | http://www.newsweek.com/obama-faces-no-we-cant-economy-78215 |
On appeal, the U.S. Bankruptcy Appellate Panel for the Ninth Circuit (the " BAP ") agreed. The BAP was quick to note that "the mere presence of marijuana near a bankruptcy case does not automatically prohibit a debtor from bankruptcy relief." While some courts applied a more stringent rule, the BAP discussed that the N... | not-forward | www.jdsupra.com | https://www.jdsupra.com/legalnews/smoked-out-how-those-in-the-cannabis-1186702 |
In the past few years, the brand lost both its longtime design chief, Jenna Lyons, and famed retail executive Mickey Drexler. Those challenges have been exacerbated by the coronavirus pandemic that has forced stores to shutter, throwing the retail industry into a state of disarray. The retailer operates 182 J. Crew ret... | not-forward | www.nbcnews.com | https://www.nbcnews.com/business/business-news/j-crew-preparing-bankruptcy-filing-could-come-weekend-n1197011 |
The Houston Chronicle reports that Landry's Inc. won the Houston-based Ignite Restaurant Group's assets in a bankruptcy auction. The company offered $57 million and edged out a shell company that offered $56.9 million in the next highest bid, according to bankruptcy filings. | not-forward | www.indystar.com | https://www.indystar.com/story/news/2017/08/16/joes-crab-shack-closes-all-indiana-locations/571850001/?from=new-cookie |
UAL Corp.'s United Airlines, which emerged from bankruptcy Feb. 1, will cut another 1,000 salaried and management jobs by year's end to further lower its costs. The 11 percent reduction will help the world's second-largest airline pare administrative expenses by about $100 million, Chief Executive Officer Glenn Tilton ... | forward | www.orlandosentinel.com | https://www.orlandosentinel.com/news/os-xpm-2006-06-15-bizbriefcase15-story.html |
Read more: An Urgent Call to Revive the U.S. Pharmaceuticals Supply Chain "McKesson's gambit — threatening to immediately stop the supply of hundreds of thousands of prescriptions per day if Rite Aid will not accede to McKesson's demands — is opportunism and corporate greed in its basest form," Rite Aid said in its law... | not-forward | www.supplychainbrain.com | https://www.supplychainbrain.com/articles/38300-bankrupt-rite-aid-settles-with-drug-supplier-mckesson-to-avoid-shortages |
Might be some great bargains to be had at Bed Bath and Beyond in the near future. The retailer is in the early stages of planning for a chapter 11 bankruptcy filing and the discussions could extend into February, these people said. Bed Bath & Beyond warned earlier Thursday that it might file for bankruptcy protection a... | forward | www.smalldeadanimals.com | https://www.smalldeadanimals.com/2023/01/05/the-recession-cometh-3 |
Sorry to provide more bad news. The only good news is that if you live in a state in which you are liable for any remaining mortgage balance after foreclosure, the bankruptcy filing would eliminate that liability. It is hoped you can find the additional income, so you can afford a modified mortgage payment and keep the... | not-forward | www.foxbusiness.com | https://www.foxbusiness.com/features/will-bankruptcy-save-my-home-from-foreclosure |
The pharmaceutical company with the highest revenue in the world, Johnson & Johnson (NYSE:JNJ) is considering a third bankruptcy filing right now after facing more than 50,000 lawsuits which have linked its Baby Powder to cancer. To add to its troubles, Johnson & Johnson (NYSE:JNJ) also recently missed out on its medic... | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/top-20-most-valuable-american-162016886.html |
Two other public companies Carmike Cinemas Inc. and GC Cos. have sought the protection of bankruptcy court since August. A third, Loews Cineplex Entertainment Corp., has said it's considering bankruptcy if it fails to reach a new accord with its bankers. Loews Cineplex is operating with a waiver of compliance that is s... | forward | labusinessjournal.com | https://labusinessjournal.com/news/2001/jan/21/theaters-amc-on-firm-footing-as-others-stumble |
Halliburton's ( HAL ) stock could finally be ready to recover from a long case of asbestos poisoning. A court order issued this week should act as the perfect antidote for the company's chronic asbestos-related problems. A bankruptcy judge on Monday approved a final settlement that paves the way for Halliburton to shed... | forward | www.thestreet.com | https://www.thestreet.com/investing/stocks/halliburton-sheds-asbestos-worries-10196631 |
Their work helped wipe about $10 billion in debts for the two retailers off the books. Neither Neiman Marcus General Counsel Tracey Preston nor J.C. Penney General Counsel Brandy Treadway objected to the requests for compensation. Neither did the court-appointed trustees in either case. Chief Bankruptcy Judge David Jon... | not-forward | texaslawbook.net | https://texaslawbook.net/j-c-penney-and-neiman-marcus-paid-100m-in-bankruptcy-fees-to-lawyers-bankers |
"Fortis has made extensive arguments before the Supreme Court of India, highlighting the impact of the stay order on the public shareholders of the company, as well as on Fortis Healthcare Ltd itself," the company said in a statement. | not-forward | www.livemint.com | https://www.livemint.com/companies/news/shareholders-ask-fortis-to-act-on-ihh-open-offer-11573397438150.html |
A trio of properties run by Irvine-based master developer SunCal Cos. could soon be put up for sale at a fraction of their former value, following a recent decision in Santa Ana's federal bankruptcy court, the Wall Street Journal reports. A local bankruptcy judge ruled last week that Chapter 11 trustee Alfred Siegel ca... | forward | www.ocbj.com | https://www.ocbj.com/real-estate/report-three-stalled-suncal-developments-could-be |
The decision stems directly from Rite Aid's financial woes, but the roots run deeper into economic trends affecting the retail sector. Rite Aid, a major pharmacy chain with over 2,000 stores, filed for Chapter 11 bankruptcy protection in late 2023, citing mounting debts, competition from online retailers, and the opioi... | not-forward | www.quickread.co.za | https://www.quickread.co.za/bankruptcy-forces-ice-cream-chain-to-close-500-locations |
Shares of JAL closed flat at 5 yen. The airline has lost more than 90 percent of its market capitalization since the start of the month. The Tokyo Stock Exchange said JAL's shares would be delisted on Feb. 20. | forward | www.heraldtribune.com | https://www.heraldtribune.com/story/news/2010/01/20/japan-airlines-files-for-bankruptcy/28918006007 |
"As a result of challenges resulting from the pandemic, the company recently made the very difficult decision to discontinue all or substantially all of their store operations and to focus on an e-commerce model," the chain said. In paperwork posted online by the insolvency trustee handling the restructuring, Mendocino... | not-forward | www.cbc.ca | https://www.cbc.ca/news/business/mendocino-store-closure-1.5657315?_cldee=Z3VzZEBkb3duaW5nLWRvd25pbmcuY29t&recipientid=contact-8534d95bb1c5e811a977000d3af3d307-88f587f837da40e2960998127d3cc0bf |
With the resignation of CEO John Stumpf and the implementation of a trust building turnaround plan, the worst seems to finally be behind Wells Fargo ( NYSE: WFC ). At least when it comes to the embarrassing and deeply disturbing fraudulent account scandal that has dominated headlines for the last few weeks. Let's take ... | not-forward | seekingalpha.com | http://seekingalpha.com/article/4012535-wells-fargos-fraud-scandal-finally-need-know |
Two weeks later the oral charge was transferred to a written and registered charge. ABC fell over five months later, appointing Ferrier as administrator in November. Now Ferrier is trying to retrieve the money paid under the charge, which is no small feat (from a "food-chain" perspective rather than a theoretical persp... | not-forward | www.smh.com.au | https://www.smh.com.au/business/big-banks-face-100m-action-over-abc-20120629-217pw.html |
Longview Power LLC filed for Chapter 11 bankruptcy on Friday and blamed a unit of Germany's Siemens AG for glitches at Longview's $2 billion West Virginia power plant that left it unable to pay its debts. The coal-fired plant in Maidsville has a capacity to generate about 700 megawatts of electrical power and was among... | not-forward | www.foxbusiness.com | https://www.foxbusiness.com/markets/power-company-longview-seeks-bankruptcy-blames-siemens |
The chain's trio of owners — the private-equity firms Kohlberg Kravis Roberts and Bain Capital Partners and the real-estate investment trust Vornado Realty Trust — bought the company in a deal worth $6.6 billion, taking it private. | not-forward | www.pulse.com.gh | https://www.pulse.com.gh/toys-r-us-could-file-for-bankruptcy-this-week-reports-2017-9/?ampamp;utm_medium=ingest |
Jaypee Infratech went into insolvency process in 2017 after the National Company Law Tribunal (NCLT) admitted an application by IDBI Bank-led consortium seeking resolution of the realty firm. In the first round of insolvency proceedings, a Rs 7,350-crore bid of Lakshdeep, part of Suraksha Group, was rejected by lenders... | not-forward | www.moneycontrol.com | https://www.moneycontrol.com/news/business/real-estate/amidst-a-sea-of-pessimism-nbcc-offers-home-buyers-some-solace-4002101.html |
The prepackaged restructuring plan hinges on the combination of GateHouse with assets of Dow Jones Local Media Group, which Newcastle bought from News Corp. this month for $87 million. | forward | buffalonews.com | https://buffalonews.com/2013/09/27/gatehouse-media-owner-of-wellsville-paper-files-for-bankruptcy |
SeaWorld Entertainment CEO Joel Manby has reportedly hired investment Evercore to explore a possible sale of the theme park company if turnaround efforts do not succeed. SeaWorld Entertainment owns both SeaWorld and Busch Gardens theme parks. [AP Photo/Richard Drew] | forward | www.tampabay.com | https://www.tampabay.com/news/business/tourism/will-parent-of-seaworld-busch-gardens-put-theme-park-business-up-for-sale/2332429 |
Neiman Marcus Group may file for bankruptcy protection as soon as this week, people familiar with the matter told Reuters. The coronavirus pandemic led the company to temporarily shutter all 43 of its Neiman Marcus locations, roughly two dozen Last Call stores and its two Bergdorf Goodman stores in New York. The compan... | forward | sbj.net | https://sbj.net/stories/neiman-marcus-may-file-for-bankruptcy,68574 |
Bankrupt retail real estate investment trust (REIT) General Growth Properties (GGP) will get a $2.63bn infusion in cash from Toronto-based real estate firm Brookfield Asset Management (BAM), enabling the shopping mall developer to exit bankruptcy. The GGP-Brookfield alliance comes just one week after Simon Property Gro... | forward | www.housingwire.com | https://www.housingwire.com/articles/brookfield-invest-263bn-general-growth-snub-simon-properties |
"The restructured company will continue to offer the full suite of services that it offered before the restructuring began," said Brock Robertson, senior vice-president, treasury and investor relations at AT&T Canada in Toronto. He added that AT&T Corp. will remain an important customer and supplier as it generates app... | forward | www.itworldcanada.com | https://www.itworldcanada.com/article/att-canada-in-the-clear/19621 |
McCormick & Schmick's, with eighty-five restaurants including its Boathouse format in Canada, expects revenue of between $410 million and $420 million for the year. Origen Financial Inc., a Southfield, Mich. home lender, is closing down its Texas operations and shuttering a service center in Fort Worth. The company rec... | forward | www.insidearm.com | https://www.insidearm.com/news/00000391-trump-loses-nearly-19-million-and-news-on |
Pratt & Whitney-parent RTX Corp was not immediately available for comment. "We don't think a bankruptcy filing is a foregone conclusion albeit GTF compensation, how much work Spirit has done to address fixed costs to support a smaller operation, and the domestic environment are all important variables," Raymond James a... | forward | finance.yahoo.com | https://finance.yahoo.com/news/spirit-airlines-mulls-options-refinance-120324379.html |
Two of last year's respondents, Sovello Solar of Germany and Scheuten Solar, owned by China but based in the Netherlands, went out of business in 2012. A third, Suntech Power, the Chinese firm that was once the world's largest maker of PV solar modules and a leader in sustainability initiatives, is in the midst of bank... | not-forward | www.theguardian.com | https://www.theguardian.com/sustainable-business/solar-industry-losing-momentum |
jet airways Jet Airways liquidator Jet Airways Satish Kumar Gupta NCLT ruling Jet Airways Jet Airways liquidation Jet airways NCLT State Bank of India lenders Jet Airways liquidation news Jet Airways debt resolution | not-forward | economictimes.indiatimes.com | https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/satish-gupta-appointed-liquidator-for-jet-airways/articleshow/115757190.cms |
Lehman Ali Inc, a non-bankrupt unit of Lehman Brothers Holdings Inc, also balked at the proposed $3.5 million payment. AFFILIATES OBJECT Rounding out Friday's filings was an objection from several insurer affiliates of Chartis Inc, who said the sale could strip them of their right to arbitrate disputes and enforce insu... | forward | www.ibtimes.com | http://www.ibtimes.com/creditors-pan-innkeepers-bankruptcy-exit-plan-468287 |
Company name : Signature Bank, New York Headquarters in : New York, New York Default amount : $575 million Assets before default : $110 billion as of December 31 As events rapidly unfolded at Silicon Valley Bank, spooked customers at crypto-friendly Signature Bank withdrew more than $10 billion in deposits. The panic s... | not-forward | www.businessinsider.in | https://www.businessinsider.in/finance/news/corporate-defaults-are-at-their-highest-level-in-years-and-itaposs-poised-to-get-even-worse-here-are-the-5-biggest-players-who-went-broke-in-march-/slidelist/100092329.cms |
These closures add to a wave of contraction across the pharmacy industry. Rite Aid and Walgreens are among the top players cutting locations – and with the retail pharmacy model under pressure from both e-commerce and insurance-driven consolidation, this could be just the beginning. | not-forward | themusicessentials.com | https://themusicessentials.com/news/rite-aid-closures-2025-full-list-of-stores-shutting-down-after-second-bankruptcy-filing |
Cynergy Data LLC, Long Island, NY, filed Chapter 11 in the U.S. Bankruptcy Court in Delaware. The firm listed assets and liabilities of between $100 million and $500 million. The filing was under case number 09-13038. Also filing were Cynergy Data Holdings Inc. and Cynergy Prosperity Plus LLC. For more information cont... | not-forward | www.insidearm.com | https://www.insidearm.com/news/00007873-bidders-line-up-for-nhl-team-and-news-on |
(Reuters) - Trucking firm Estes Express has submitted a revised stalking horse bid worth $1.525 billion in cash for bankrupt Yellow Corp's shipment centers, according to a bankruptcy court filing on Wednesday. | not-forward | money.usnews.com | https://money.usnews.com/investing/news/articles/2023-09-13/trucking-firm-estes-express-submits-revised-1-525-billion-bid-for-yellows-shipment-centers |
Shipping: "'It is so important that another Hanjin debacle does not happen again. Companies may fail, but the responsibility lies with everyone, at least to the extent that we do not have the damage that occurred post-Hanjin," [Federal Martime Commissioner William] Doyle said" [ Splash 247 ]. "When Hanjin sought court ... | not-forward | www.nakedcapitalism.com | https://www.nakedcapitalism.com/2017/08/200pm-water-cooler-8152017.html |
But the vitamin industry is full of turmoil that is taking its toll on GNC and its rivals. Vitamin Shoppe (VSI) has interviewed turnaround advisers according to the Wall Street Journal, while Vitamin World filed for Chapter 11 bankruptcy protection last year. GNC reported consolidated revenue dropped to $607.5 million ... | not-forward | fortune.com | http://fortune.com/2018/04/27/gnc-stores-closing |
IndusInd started bankruptcy proceedings against Zee Entertainment late last month over a default of 830.80 million rupees ($10.10 million). | not-forward | theprint.in | https://theprint.in/india/indias-zee-entertainment-indusind-bank-settle-loan-default-dispute-2/1481349/?noamp=mobile |
But that's about all the good news there is for these retailers. Specialty retailer Brookstone is preparing a bankruptcy filing. Three other clothing retailers -- Ashley Stewart Holdings Inc., Dots LLC, and Loehmann's Inc. -- have already filed for bankruptcy protection. Retailing's always been a tough business, and it... | forward | finance.yahoo.com | http://finance.yahoo.com/news/coldwater-creek-bankruptcy-not-canary-142709347.html |
The bankruptcy filing is the second in eight years for the Memphis-based company, which has nearly 400 outlets under the two family-dining brands in the United States, Canada and Mexico, Reuters reports. Marie Callender's — known for its comfort food and pies — operated several locations in Utah. In 2011, the financial... | not-forward | www.sltrib.com | https://www.sltrib.com/news/2019/08/07/final-marie-callenders |
A CNC is not an insolvency procedure, and NGG will continue to operate during the proceedings. NGG, its parent Farfetch, and its ultimate owner Coupang declined to comment Monday. | not-forward | sourcingjournal.com | https://sourcingjournal.com/topics/business-news/new-guards-group-restructures-bankruptcy-protection-italy-1236726672-1234724233 |
Wolfspeed, Inc. filed a prepackaged Chapter 11 bankruptcy case on June 30, 2025. On the same day, it also filed a Disclosure Statement and Chapter 11 Plan of Reorganization ("Plan"). Wolfspeed served the Disclosure Statement and Plan on its creditors on June 27, 2025, before it filed for bankruptcy. It gave them until ... | forward | www.jdsupra.com | https://www.jdsupra.com/legalnews/wolfspeed-s-bankruptcy-what-s-ahead-for-4118737 |
Authentic Brands and Simon Property Group ( SPG ) -backed apparel company Sparc Group are considering a bid to buy Brooks Brothers out of bankruptcy, The Wall Street Journal reported, citing people familiar with the discussions. | forward | www.thestreet.com | https://www.thestreet.com/investing/brooks-brothers-bankruptcy-buyout-offers-simon-property |
On Tuesday night, white knight Utico had proposed to increase the pot for adviser fees from S$40 million to S$50 million if it receives support from all advisers for the Hyflux scheme and restructuring agreement at Wednesday's court hearing. On the other hand, Utico said the pot will shrink to S$30 million if the advis... | forward | www.businesstimes.com.sg | https://www.businesstimes.com.sg/companies-markets/wongpartnership-applies-to-discharge-itself-from-representing-hyflux |
NEW YORK -- Japan's Mitsubishi UFJ Financial Group is investing $9 billion in Morgan Stanley for a 21 percent stake in the U.S. investment bank. Mitsubishi UFJ said it will buy nearly 10 percent of Morgan Stanley's common stock for $3 billion, and $6 billion in preferred stock. Morgan Stanley, along with Goldman Sachs ... | forward | www.heraldtribune.com | https://www.heraldtribune.com/story/news/2008/09/30/business-briefs-creative-loafing-files-for-chapter-11/28665025007 |
Id. It then added a five-day cushion to the outside range of 40 days and held that all payments made up to 45 days from invoice date were ordinary. Quebecor, 491 B.R. at 388. The Seventh Circuit in Jason's Foods, although approving of the bucketing analysis in Quebecor, held that it was improperly applied by the Bankru... | not-forward | www.jdsupra.com | https://www.jdsupra.com/legalnews/bankruptcy-beat-seventh-circuit-20180 |
Pacific Ethanol Inc ., Sacramento, Ca., filed an amended joint reorganization plan, along with four of its ethanol-manufacturing facilities. The plan, filed with the U.S. Bankruptcy Court in Delaware, will cut the firm's debt through a swap of $290 million in secured debt for equity and $115 million in secured and subo... | forward | www.insidearm.com | https://www.insidearm.com/news/00000436-business-bankruptcy-news-bulletin-summary |
A Sydney-based company has purchased hardwood sawmills in Tasmania and South Australia from Gunns, which collapsed in September with debts of $500 million. Gunns' creditors include several Great Southern companies, who are owed up to $143,000, while two businesses with Albany branches are owed more than $1 million. Gun... | not-forward | www.abc.net.au | https://www.abc.net.au/news/2012-12-21/gunns-receivers-say-sale-funds-to-help-to-pay-debts/4440336 |
Simon Property is "buying them out of bankruptcy, so it is acquiring the inventory at or below cost," David Simon, the company's CEO, said on a conference call late Monday, when the company posted a nearly 50% slide in second-quarter profit, hurt by Covid-19-led store closings and rent reductions, deferrals and non-pay... | forward | www.forbes.com | https://www.forbes.com/sites/andriacheng/2020/08/11/as-coronavirus-batters-retailers-no-1-us-mall-owner-simon-property-and-rivals-see-an-opportunity-buy-bankrupt-chains |
( MENAFN ) SVB Financial, the former parent of Silicon Valley Bank, announced on Friday that it has filed for bankruptcy. The move comes a week after regulators shut down Silicon Valley Bank following a run on the financial institution that led to its insolvency. In a statement, SVB Financial revealed that it is no lon... | not-forward | menafn.com | https://menafn.com/1105810148/SVB-Financial-Files-for-Bankruptcy-after-Silicon-Valley-Banks-Insolvency |
Sports Authority 2016 was a tough year for many retailers, too. Sports Authority filed for bankruptcy protection in March with more than $1 billion in debt, and scrambled to close its 450 stores shortly. Now, Sports Authority is taken by Dick's Sporting Goods, a more high-end retailer. | not-forward | staging.digiday.com | https://staging.digiday.com/marketing/the-brands-that-we-lost-in-2016 |
Of the US$40 billion-plus in debt the company had when it sought Chapter 11 protection, MCI should have less than US$6 billion on its books when it starts anew. That's more than the US$3.5 to US$4.5 billion it was hoping to end up with, but a fraction of what other companies are carrying – BellSouth Corp., US$14.9 bill... | forward | www.itworldcanada.com | https://www.itworldcanada.com/article/mci-preens-for-its-coming-out/22191 |
Meantime, Related's CEO, Jeff Blau, recently told CNBC that many of the company's retail tenants had been deferring rent payments, as they try to work through the crisis. | not-forward | www.cnbc.com | https://www.cnbc.com/2020/05/26/coronavirus-expect-a-flood-of-retail-bankruptcies-says-relateds-stephen-ross.html?__source=sharebar|twitter&par=sharebar |
The United States Court of Appeals for the Third Circuit recently issued a 2–1 decision affirming the ruling of the Bankruptcy Court for the District of Delaware, which reconsidered its prior approval of a $275 million termination fee in connection with a proposed merger. In re Energy Future Holdings Corp., No. 18-1109... | not-forward | www.paulweiss.com | https://www.paulweiss.com/practices/transactional/restructuring/publications/divided-third-circuit-panel-affirms-bankruptcy-court-s-reconsideration-of-275-million-termination-fee?id=27519 |
As it relates to Neiman Marcus, we note that Lazard Freres & Co. ("Lazard") as financial advisor focused on adjusted EBITDA for the LTM period ended February 1, 2020 and the projected 12 months ended February 1, 2022. In doing so, Lazard looked past 2020 and 2021 as excessively abnormal years due to the COVID19 induced... | not-forward | mercercapital.com | https://mercercapital.com/article/neiman-marcus-a-restructuring-case-study |
Weil Gotshal's team is headed up by star lawyer Ray Schrock, who lately has worked as bankruptcy counsel to California utility PG&E, the Fairway supermarket chain and retail icon Sears Holdings, many of whose stores got taken over by billionaire Eddie Lampert. The insider cautioned that "it's early stages" and that it'... | forward | nypost.com | https://nypost.com/2020/04/10/amc-theaters-may-hire-bankruptcy-law-firm-amid-coronavirus-shutdown |
Last week Nissan revealed its turnaround plan, which will see it introduce 12 new models over the next 18 months, but also kill 14 models globally. Now we're hearing more details about what Nissan has planned for Infiniti. Infiniti's sales have continued to fall, so according to chief operating officer Ashwani Gupta, I... | forward | www.thetorquereport.com | https://www.thetorquereport.com/infiniti-likely-to-lose-its-rear-wheel-drive-models |
The sole bid of $122.15 million for the Journal Register Company, which is under federal Chapter 11 bankruptcy protection, came from 21st CMH Acquisition Co. The bidder is a subsidiary of Alden Global Capital LLC, the current owner of Journal Register Company. The U.S. Bankruptcy Court for the Southern District of New ... | forward | www.thereporteronline.com | http://www.thereporteronline.com/article/20130219/news01/130219458/mailed-notices-to-jrc-employees-another-step-in-the-sale-process |
In July of 2005, Mohammad Aslam Khan, the appellant, borrowed $260,000 to purchase residential property located at 9125 6th Street, in Lanham (the "Property"). He executed an "Obligation to Pay" and a purchase money deed of trust (the "Deed of Trust"), which created a lien on the Property. Subsequently, he defaulted on... | not-forward | thedailyrecord.com | http://thedailyrecord.com/2015/05/20/mohammed-aslam-khan-v-john-s-burson-et-al-substitute-trustees/ |
The adversary complaint Lordstown filed against Foxconn in conjunction with the Chapter 11 case remains in limbo, still on the bankruptcy court docket with Foxconn yet to file its response. Lordstown accuses Foxconn of "fraudulent conduct [that destroyed] the business of an American startup." | not-forward | businessjournaldaily.com | https://businessjournaldaily.com/lordstown-motors-extends-deadline-for-bids-to-buy-its-assets |
About Billabong Established in 1973 on Billabong, Billabong creates clothing, accessories and products that meet the lifestyle and surf culture. Billabong USA is located in Orange County, CA and is considered a leader in the industry of action sports. For more information visit www.billabong.com | not-forward | www.newswire.com | https://www.newswire.com/news/panama-to-host-billabong-isa-world-surfing-games-2011-126348 |
While Mr Quinn — who disputes the overall level of debt owed by him to the IBRC — successfully filed for bankruptcy in Northern Ireland, his bankruptcy has now been registered in the Republic. The benefits of filing for bankruptcy in Belfast are significant for Mr Quinn, as debtors can emerge free from bankruptcy here ... | not-forward | www.belfasttelegraph.co.uk | https://www.belfasttelegraph.co.uk/news/northern-ireland/doubts-on-sean-quinn-finances-28683496.html |
Prior to the pandemic, Under Armour was working to increase its profitability and stock prices, but overall sales fell 23% in the first quarter of 2020, jeopardizing a turnaround. It's significant that Under Armour, despite its financial troubles, is paying its factories and not asking suppliers for price cuts on finis... | not-forward | www.forbes.com | https://www.forbes.com/sites/elizabethlcline/2020/05/13/under-armour-joins-rivals-nike-and-adidas-in-paying-garment-factories |
CEC Entertainment, the parent company of kid-friendly and iconic "dinnertainment" restaurant and arcade chain—Chuck E. Cheese—sought and received Bankruptcy Court approval... | not-forward | www.mondaq.com | https://www.mondaq.com/unitedstates/insolvencybankruptcy/1008320/the-costs-of-destruction-bankruptcy-court-authorizes-chuck-e-cheese-to-spend-millions-on-destruction-of-prize-tickets |
Chapter 13 individual bankruptcies had 10,024 new filings, down 2.7% over November 2021, which had 10,306. This is the second month where new Chapter 13 filings declined after the prior 6 months of incremental increases month-over-month. For the full year, Chapter 13 filings were 112,197, down 21.4% over 2020 which had... | not-forward | insolvencytracker.in | https://insolvencytracker.in/2022/01/15/us-bankruptcy-filings-fall-24-in-2021 |
Earlier this week, two operational creditors--Shaman Wheels and Gaggar Enterprises moved the NCLT seeking bankruptcy proceedings against the airline. The tribunal issued notices to Jet Airways and banks which own the airline now and posted the matter for further hearing on June 13 when it will decide on admitting or re... | forward | news.abplive.com | https://news.abplive.com/business/confident-that-problems-at-grounded-jet-airways-ltd-will-be-solved-aviation-minister-hardeep-singh-puri-1012673 |
Atari SA's U.S.-based video-game-making businesses have filed for bankruptcy protection in Manhattan with the intention of separating from their unprofitable French parent and seeking independent funding, Bloomberg reported. New York-based Atari Inc., maker of video … | forward | www.businessrecord.com | https://www.businessrecord.com/category/all-latest-news/page/2413 |
A select few creditors of the LandAmerica Financial Group bankruptcy estate are getting a little extra recompense. The money comes eight years after the case was brought to a seemingly successful conclusion, only to be revived because of the former trustee's theft of millions of dollars. | not-forward | richmondbizsense.com | https://richmondbizsense.com/2023/05/18/landamerica-bankruptcy-case-coming-to-a-close-for-good-this-time |
About ABI ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, banker... | not-forward | menafn.com | https://menafn.com/1110162854/Year-To-Date-Individual-Chapter-7-Filings-Increased-15-Percent-Compared-To-Same-Period-Last-Year |
Private equity firm Ripplewood bought Reader's Digest in 2007 for $1.6 billion. It will relinquish ownership to a steering committee led by JPMorgan Chase & Co and including Ares Management LLC, Eaton Vance, Regiment Capital and GE Capital, among others. | forward | www.ibtimes.com | http://www.ibtimes.com/readers-digest-files-prearranged-bankruptcy-315465 |
"DCG is barred from (i) taking any actions that would reasonably be expected to cause DCG and Holdco to no longer be part of the tax consolidated group of which DCG is the common parent (or any continuation of such group) as provided under Section 1502 of the Tax Code and regulations promulgated thereunder, (ii) taking... | not-forward | cryptoslate.com | https://cryptoslate.com/court-bars-digital-currency-group-from-reducing-genesis-ownership-during-bankruptcy |
PG&E filed for Chapter 11 bankruptcy protection in January and referenced that it had $30 billion or more in potential liabilities from fires in 2017 and 2018 alone. PG&E shares had even traded under $10 in January as the bankruptcy concerns mounted. 24/7 Wall St. previously showed six different outcomes that may happe... | not-forward | 247wallst.com | https://247wallst.com/infrastructure/2019/02/19/why-one-top-analyst-says-to-buy-pge-shares-now/?tc=in_content&tpid=529462&tv=link |
The infamous bankrupt lender Genesis Global Holdco LLC filed a lawsuit against its parent company, Digital Currency Group. In a New York bankruptcy court, Genesis filed against the Barry Silbert owned DCG and DCG International Investments Ltd. | not-forward | coingape.com | https://coingape.com/genesis-sues-dcg-620m-unpaid-loans |
Thailand's Official Receiver recently issued an important announcement relevant to all existing or potential creditors of Thai Airways International Public Company Limited ("Thai Airways International"). | not-forward | www.mondaq.com | https://www.mondaq.com/insolvencybankruptcy/1014996/thai-airways-insolvency-proceedings-creditor-repayment-application-deadline |
Last month it was reported how the organisation which supervises Intelsat's public service obligations, the International Telecommunications Satellite Organisation (ITSO), had complained to Intelsat's bankruptcy court that Intelsat had not been paying its dues to ITSO. | not-forward | www.advanced-television.com | https://www.advanced-television.com/2020/06/09/intelsat-rejects-itso-claim |
In March, the company agreed to buy the satellite operator DBSD North America for about $1.4 billion once it emerged from bankruptcy. Ergen, through another venture, EchoStar, has been buying up debt in the satellite company TerreStar Networks. In February, EchoStar announced plans to buy Hughes Communications, the sat... | forward | chainstoreage.com | https://chainstoreage.com/news/dish-gets-it-done-blockbuster-buyout |
Peabody Energy Corp. President & CEO Glenn Kellow, second from right, joined by company CFO Amy Schwetz, rings a ceremonial bell as his company's stock begins trading on the floor of the New York Stock Exchange, Tuesday, April 4, 2017. The nation's largest coal producer, Peabody Energy Corp., said Monday that it has em... | not-forward | www.stltoday.com | http://www.stltoday.com/business/local/one-year-after-bankruptcy-peabody-expresses-optimism-though-challenges-remain/article_77416645-110d-5ad8-8572-1f2c39d0b75c.html |
Nearly three-quarters of the fleet is leased with AerCap, Avolon and GECAS most exposed. AerCap, which has the most exposure to the carrier, has six A330s and six 787s placed with the UK carrier. | not-forward | www.flightglobal.com | https://www.flightglobal.com/strategy/virgin-atlantic-seeks-bankruptcy-protection-in-new-york/139628.article |
The trendy retailer's fate has become increasingly important to mall owners, which have seen former stalwarts including Payless ShoeSource Inc. and Gymboree Corp. shut more than 8,500 stores this year, according to market research firm Coresight Research Inc. That has left Forever 21, with more than 800 stores globally... | not-forward | www.latimes.com | https://www.latimes.com/business/story/2019-09-17/forever-21-landlords-bankruptcy-plan |
With this information, we can see why Berjaya Corporation Berhad is trading at a P/S lower than the industry. Apparently many shareholders weren't comfortable holding on to something they believe will continue to trail the wider industry. | not-forward | simplywall.st | https://simplywall.st/stocks/my/capital-goods/klse-bjcorp/berjaya-corporation-berhad-shares/news/revenues-working-against-berjaya-corporation-berhads-klsebjc |
Like grown children badgering their parents for handouts, auto-parts companies Delphi and Visteon keep turning up on the doorsteps of GM and Ford. Spun off from General Motors Corp. ( GM ) in 1999, Delphi Corp. ( DPH ) is now threatening to file for bankruptcy court protection by Oct. 17 if it doesn't get a truckload o... | not-forward | www.bloomberg.com | http://www.bloomberg.com/news/articles/2005-09-18/spin-offs-that-wont-go-away |
Lehman Brothers Holdings Inc. (OTCMKTS:LEHMQ), the bankrupt investment bank, filed a suit against the largest chipmaker Intel Corporation (NASDAQ:INTC) and has framed allegations that the chip maker violated a swap agreement worth $1 billion. In August 2008, under an agreement, Intel gave $1 billion to Lehman's over th... | not-forward | www.valuewalk.com | https://www.valuewalk.com/2013/05/lehman-sues-intel-corporation-intc-over-1-billion-deal |
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates AOL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate AOL INC (AOL) a BUY. This is drive... | forward | www.thestreet.com | https://www.thestreet.com/markets/will-aol-aol-stock-be-helped-today-by-yahoo-merger-talk-12950793 |
Southwest Airlines proposed a $100 million deal for some of the assets of the bankrupt ATA Airlines yesterday, raising the stakes in the opening battle for the future of the industry's low-fare market. The offer was $10 million more than a bid by AirTran Airways. AirTran had a tentative deal with ATA when the airline, ... | not-forward | www.nytimes.com | https://www.nytimes.com/2004/12/11/business/southwest-offers-100-million-for-ata-assets.html |
NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- Commercial chapter 11 bankruptcy filings decreased 42 percent in February 2025, with the 481 filings declining from the 826 filings in February 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Last February's commercial cha... | not-forward | www.globenewswire.com | https://www.globenewswire.com/news-release/2025/03/04/3036418/10374/en/February-Commercial-Chapter-11s-Decrease-42-Percent.html |
Motorola on Thursday said its plan to break up into two companies is on hold, leading the head of its mobile phone business to outline a new plan for reviving the company's ailing handset business. Part of the restructuring plan includes the loss of 3,000 jobs, most from the mobile phone division, a company representat... | forward | fortune.com | https://fortune.com/2008/10/30/motorola-delays-breakup-cuts-jobs |
Other car-rental companies such as Enterprise and Avis are facing the same crisis, but Hertz's heavy debts and acquisition strategies have left it most exposed to the coronavirus. In 2010, the rental car company sought to expand outside of its business traveler core and into the leisure market by acquiring Dollar Thrif... | not-forward | fortune.com | https://fortune.com/2020/05/26/it-survived-the-great-depression-and-world-war-ii-the-coronavirus-pushed-it-to-bankruptcy/?xid=soc_socialflow_twitter_FORTUNE |
But while the company's leverage is improving, a rating stabilisation will be driven by operational improvement in Indian mobile operations, Moody's said in its latest report. | forward | www.deccanchronicle.com | https://www.deccanchronicle.com/business/companies/190719/airtel-could-raise-usd-35-bn-more-from-stake-sale-in-merged-tower-ent.html |
The study was culled from interviews with CEOs and senior officers "who were in the room when Nortel decided to file for bankruptcy protection," as well as about 48 percent of Nortel's officers who had been with the company at some point between 1997 and the end, a University of Ottawa press release said. | not-forward | www.fiercetelecom.com | https://www.fiercetelecom.com/telecom/study-arrogant-nortel-proved-it-wasn-t-too-big-to-fail |
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