News by subject: BCY

CHARMING CHARLIE has begun offering huge discounts at their closing sales. The jewelry and accessories retailer filed for Chapter 11 bankruptcy Thursday, July 11, 2019 with plans to close all of their 261 stores in 38 states. ...

Adelphia Communications Corporation ("ACC") announced today a subsequent distribution of $5 million in cash payable on or about July 24, 2019 to holders of Allowed Claims against the parent Adelphia Communications Corporation pursuant to the First...

Blackjewel, L.L.C. ("Blackjewel") today confirmed that the basic operations aimed at protecting the safety and security of its coal mines in Kentucky, Virginia, West Virginia and Wyoming have resumed, allowing more than 140 employees to return to...

Weatherford International plc, Weatherford International Ltd., and Weatherford International, LLC (collectively, "Weatherford" or the "Company"), one of the largest multinational oilfield service companies providing innovative solutions, technology...

Weatherford International plc, Weatherford International Ltd., and Weatherford International, LLC (collectively, "Weatherford" or the "Company") announced today that the Company has initiated its previously-announced financial restructuring by...

Blackjewel, L.L.C. ("Blackjewel") today announced that, to facilitate a financial restructuring of the company's obligations, Blackjewel (and certain affiliated entities) today filed voluntary petitions for reorganization under Chapter 11 of the...

FirstEnergy Solutions Corp. ("FES") applauds the progress on HB6 and is thankful for the effort legislators have demonstrated in crafting a bill that prevents the premature closure of the state's two nuclear facilities.  FES is pleased with the...

EXCO Resources, Inc. ("EXCO" or the "Company") today announced that it has successfully completed its financial restructuring and emerged from Chapter 11. As a result of this process, the Company has reduced its leverage by more than $1.1 billion and...

WEQ Holdings Inc. (formerly WesternOne Inc.) ("WEQ" or the "Corporation") by The Bowra Group Inc. in its capacity as the Court-appointed liquidator of WEQ (the "Liquidator"), confirms that the Liquidator is in the process of finalizing the...

FTD Companies, Inc. (the "Company"), a premier floral and gifting company, today provided an update on its court-supervised restructuring process. The Company has: Entered into a definitive asset purchase agreement with PlanetArt to acquire...

Legacy Reserves Inc. ("Legacy") announced today that it has, together with its subsidiaries (collectively, the "Company"), commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern...

Argex Titanium Inc. ("Argex") announced today that it has filed a Notice of Intention to Make a Proposal (the "Notice") pursuant to the provisions of Part III of the Bankruptcy and Insolvency Act (Canada) (the "BIA"). Pursuant to the Notice,...

Hyduke Energy Services Inc. ("Hyduke" or the "Company") (HYD ? TSX) wishes to report on the following matters: B.W. Rig Supply Inc. Bankruptcy Proceedings B.W. Rig Supply Inc. ("B.W. Rig"), a wholly-owned subsidiary of Hyduke, has decided not to...

PHI, Inc. today announced an update in the Company's Chapter 11 court proceedings, underscoring the positive momentum that the Company has achieved and further executing on the path towards emergence. Following a successful mediation with Judge...

FTD Companies, Inc. (the "Company"), a premier floral and gifting company, today announced that the Company has received approvals from the U.S. Bankruptcy Court for the District of Delaware for "First Day" motions related to the voluntary Chapter...

The 19th EY World Entrepreneur Of The Yeartm Award and event commences this week, taking place between 5 and 9 June 2019 in Monaco. This year 57 entrepreneurs...

The upcoming bankruptcy auction of the Haven Heights Subdivision is expected to be one of the biggest real estate auctions in the history of McDowell County, according to Will Lilly, of Iron Horse Auction Company, which is marketing the land. Iron...

Fusion , a leading provider of cloud services, announced today that it had entered into a Restructuring Support Agreement with lenders holding more than 66.67% of the aggregate outstanding principal amount of its first lien loans. To effectuate its...

FTD and Other Floral and Gifting Businesses Continue to Operate in the Ordinary Course Enters Definitive Asset Purchase Agreement with an Affiliate of Nexus Capital Management to Acquire North America and Latin America FTD Consumer and Florist...

Dun & Bradstreet's 2019 Global Bankruptcy report has revealed that business failures have declined globally, despite increased economic challenges. However, with global economic challenges on the rise, most regions are forecasted to grow more slowly...

White Star Petroleum, LLC (the "Company" and together with its parent and subsidiaries, "White Star") announced today that it is exploring strategic alternatives, including the sale of its business as a going concern and the restructuring of its...

FirstEnergy Solutions Corp. ("FES" or the "Company") and FirstEnergy Nuclear Operating Company ("FENOC") today announced that the U.S. Bankruptcy Court overseeing the Chapter 11 restructuring has authorized the Company and FENOC to begin soliciting...

Certified Financial Planner Board of Standards, Inc. announces today the names of CFP® professionals who (i) have filed for protection or been named as a debtor in an involuntary bankruptcy petition that has not been dismissed under the United States...

By Order of US Bankruptcy Court Eastern District of North Carolina Case # 15-06193-5-SWH Sealed-Bid Auction of all Remaining Assets of Martin Manufacturing, including: Patents Equipment Materials InventoryThe assets will be grouped together as one...

Filing for bankruptcy is not an ideal situation. It is important to understand the options available to those involved in bankruptcy cases and learn how to position yourself to succeed should additional disputes and lawsuits occur. Suffolk County law...

Anka Behavioral Health, Inc. ("Anka" or "Company"), a premier behavioral healthcare corporation, announced today that it has begun the orderly wind down of all of its residential treatment programs and has initiated proceedings under chapter 11 of...

FirstEnergy Corp. President and CEO Charles E. Jones issued the following statement today regarding the FES bankruptcy: Standing behind our corporate responsibilities is a core value of FirstEnergy, including through the FES bankruptcy. That is why...

In an effort to maximize the value of its assets for the benefit of all of its creditors, and after many unsuccessful attempts to restructure, obtain alternative financing, or sell the company as a going concern, Johnson Publishing Company,...

The Ad Hoc Group of General Obligation Bondholders (the "Ad Hoc Group") announced today that it has filed a conditional claims objection (the "Ad Hoc Group's Objection") in Puerto Rico's bankruptcy case.  The Ad Hoc Group's Objection seeks to...

Sungard Availability Services (Sungard AS) today announced that it has entered into a consensual agreement with a majority of its creditors to reduce Sungard AS' debt by over two-thirds. This agreement creates a sustainable capital structure to...

Vanguard Natural Resources, Inc. (together with its wholly owned subsidiaries, collectively, "Vanguard" or the "Company") today announced that the Company has voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the...

Sizmek Inc. ("Sizmek" or the "Company"), an independent buy-side advertising platform, today announced that it and certain of its subsidiaries initiated voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code to preserve value and seek...

ET Solar has a broad sales channel and network in U.S. solar market and has been a Bloomberg Tier 1 Solar Manufacturer since 2012. Due to U.S. solar trade tariffs, ET Solar, Inc. filled chapter 11 bankruptcy in Dec. 2017. Based on the positive...

Westmoreland Coal Company ("Westmoreland" or "the Company") announced today that its Chapter 11 plan ("the Plan") became effective today and that it has emerged from Chapter 11 as a privately held company owned and operated by a group of its former...

PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) ("PHI" or "the Company") today announced that PHI and its principal U.S. entities filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Northern...

Imperial Tobacco Canada, Canada's leading legal tobacco company, and its affiliates (collectively "Imperial Tobacco Canada" or "the Company") have obtained an Initial Order from the Ontario Superior Court of Justice granting the Company protection...

Toys R Us Property Company I, LLC ("Toys" or the "Company") today announced that it has emerged from bankruptcy as a reorganized entity under the trade name Hill Street Properties LLC ("Hill Street"). Investors in Hill Street include Empyrean Capital...

As the leader of Broward County's largest bankruptcy firm based on cases filed in the past year,* Van Horn will discuss hot-button issues surrounding the student loan debt crisis, as a speaker and moderator for a panel titled, "Let's Talk Student...

Parker Drilling Company ("Parker" or the "Company") today announced that the United States Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Amended Joint Chapter 11 Plan of Reorganization (the "Plan") of Parker and...

On February 26, 2019, Elcano Exploration Inc. and its affiliates Elcano Exploration Ltd. and Elcano Energy Partnership (collectively, "Elcano" or the "Company") commenced restructuring proceedings under the Companies' Creditors Arrangement Act...

After 44 years, fast-fashion retailer Charlotte Russe is going out of business and closing all of the company's remaining 416 store locations. A U.S. Bankruptcy Court judge in Delaware approved an order naming SB360 Capital Partners (www.sb360.com)...

Ascent Industries Corp. advises that on Friday, March 1, 2019, the Supreme Court of British Columbia issued an order granting the Company's application for creditor protection under the Companies' Creditors Arrangement Act (Canada).  The order also...

Synergy Pharmaceuticals Inc. (the "Company" or "Synergy"), a biopharmaceutical company focused on the development and commercialization of novel gastrointestinal (GI) therapies, today confirmed that the previously announced agreement with Bausch...

WMI Liquidating Trust (the "Liquidating Trust"), formed pursuant to the confirmed Seventh Amended Joint Plan of Affiliated Debtors under Chapter 11 of the United States Bankruptcy Code (as modified, the "Plan") of Washington Mutual, Inc., announced...

Woodbridge Group of Companies, LLC (together with its affiliated debtors, "Woodbridge") announced today that, effective as of February 15, 2019, it has emerged from chapter 11 bankruptcy following confirmation of its plan of liquidation (the "Plan")...

Charlotte Russe Holdings Corporation together with its subsidiaries (the "Company" or "Charlotte Russe") today announced that it is engaged in discussions with prospective bidders for a going-concern sale of the Company to continue its...

Today, Imerys Talc America, Inc., along with Imerys Talc Vermont, Inc. and Imerys Talc Canada, Inc. ("the filing companies"), announced that they have made a determination to initiate voluntary Chapter 11 cases in Delaware. The filing companies have...

Toys"R"Us® has officially emerged as a new company, with new leadership and a new vision to deliver the magic of its iconic brands around the world. Effective January 20, 2019, the new company, Tru Kids Inc. doing...

Ditech Holding Corporation ("Ditech Holding") today announced that it, along with certain of its subsidiaries including Ditech Financial LLC and Reverse Mortgage Solutions, Inc. (collectively with Ditech Holding, the "Company"), has entered into a...

Gox Rising announced today that it will be publishing the Company's: Pillars of the Gox Rising Civil Rehabilitation Plan Proposal to be submitted to the Tokyo District Court, as well as The Company's vision for a newly relaunched Mt. Gox...