News by subject: BANKRUPTCY

On November 9, 2023, the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") confirmed Celsius Network LLC's ("Celsius" and together with its debtor affiliates, the "Debtors") chapter 11 plan (the "Plan")....

Cyxtera ("the Company"), a global leader in data center colocation, interconnection services, and digital infrastructure, today announced that the U.S. Bankruptcy Court for the District of New Jersey has approved the sale of substantially all of the...

Smart Earth Technologies, LLC ("SET" or the "Company"), a provider of environmentally sustainable utility management solutions for water utilities is looking to enter into a financial restructuring that will culminate in an orderly liquidation and...

Today, U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp (USBTC) announces two significant developments: the progression of its merger with Hut 8 Mining Corp ("Hut 8") and court approval of the Celsius restructuring plan. USBTC is moving forward...

WeWork Inc. ("WeWork" or "the Company"), the leading global flexible space provider, today announced that it has commenced a comprehensive reorganization to strengthen its capital structure and financial performance and best position the Company for...

Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company"), a technology-enabled point-of-sale finance company, today announced that it will be acquired by a consortium of established investors in the solar energy industry,...

Core Scientific, Inc. ("Core Scientific" or "the Company"), a leader in high-performance blockchain computing data centers and software solutions, today announced the Company and certain of its affiliates (collectively, the "Debtors") have reached...

Rite Aid Corporation ("Rite Aid" or the "Company") today announced that it has received approvals from the U.S. Bankruptcy Court for the District of New Jersey for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed...

JLM Couture, Inc. , an upscale, multi-label wedding gown design and manufacturing company, announced today that it plans to file for restructuring. This option, available to JLM Couture, is specifically designed for smaller businesses with limited...

Lexington Law announced today that it has emerged from bankruptcy and continues to help customers suffering from errors on their credit reports. Since 2013, Lexington Law has helped consumers remove more than 79 million tradelines on their credit...

Capstone Green Energy Corporation (the Company or Capstone) has entered into a transaction support agreement (TSA) with Goldman Sachs Specialty Lending Group, L.P., in its capacity as collateral agent (the "Collateral Agent") under that certain...

American Physician Partners, LLC ("American Physician Partners", "APP", or "the Company"), and certain of its affiliates, today announced that it has voluntarily filed for Chapter 11 protection under the U.S. Bankruptcy Code in the U.S. Bankruptcy...

Celsius Network LLC ("Celsius" or the "Company") announced today that its Disclosure Statement was approved by the United States Bankruptcy Court for the Southern District of New York ("the Court"). As previously announced, the Company completed a...

Global media company iMedia Brands, Inc. (the "Company" or "iMedia") today announced that it has successfully closed its Asset and Equity Purchase Agreement ("AEPA") with IV Media, LLC ("IV Media"), a subsidiary of Innovation Ventures, LLC, the...

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, "BHG" or "we"), the New York City-based investment advisor to clients with financial interests in Mallinckrodt Plc. ("Mallinckrodt" or the "Company") , today issued an open...

Prime Trust, LLC and certain of its affiliates (collectively, the "Company") filed voluntary petitions for relief under Chapter 11 (the "Chapter 11 Cases") of the Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the...

Bittrex, Inc. released the following statement today regarding the company's settlement with the SEC: "We are happy to have resolved the SEC's alleged $1.3 billion enforcement action for $24 million. Having announced that it would cease operations...

The "United States Corporate Bankruptcy Yearbook, Almanac & Directory 2023 - 33rd Annual Edition" directory has been added to ResearchAndMarkets.com's offering. The comprehensive annual yearbook and almanac serve as essential resources, offering...

National CineMedia, LLC (NCM, NCM LLC or the Company), the largest cinema advertising platform in the U.S., today announced the successful completion of its financial restructuring process and emergence from Chapter 11 on August 7, 2023. This follows...

BlockFi Inc. and certain of its affiliates ("BlockFi" or "the Company") today announce that its Disclosure Statement was conditionally approved by the United States Bankruptcy Court for the District of New Jersey ("the Court") on August 2, 2023....

Diamond Sports Group, LLC ("DSG," "Diamond," or the "Company"), today issued the following update along with unaudited financials. On or around June 29, 2023, Diamond entered into confidentiality agreements with certain holders of its funded...

Dynamic Technologies Group Inc. (NEX: DTG.H, OTC:ERILF) ("Dynamic", "DTGI" or "Company"), with reference to the Company's prior news releases dated June 13, 2023 and June 26, 2023, announces that, further to the previously announced approval and...

? The Company and Ligand Pharmaceuticals sign agreement to sell substantially all of Novan's assets under Section 363 of the U.S. Bankruptcy Code, along with a commitment from Ligand to fund $15 million in debtor-in-possession financing ? ?...

QualTek Services Inc. (the "Company" or "QualTek"), a leading infrastructure services provider, today announced that it has successfully emerged from Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas following the...

Global media company iMedia Brands, Inc. (the "Company" or "iMedia") today announced that on June 29, 2023, it was notified by the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that they had determined to delist the...

QualTek Services Inc. (the "Company" or "QualTek"), a leading infrastructure services provider, today announced that its Plan of Reorganization (the "Plan") has been confirmed by the United States Bankruptcy Court for the Southern District of Texas...

Serta Simmons Bedding, LLC ("SSB" or the "company"), a leading global sleep company, today announced that it has concluded its financial restructuring and emerged from Chapter 11, marking the completion of a critical step in the company's turnaround...

EPR Properties announced today that Management will host a conference call to update developments associated with the Regal bankruptcy at 5:00 p.m. Eastern Time on June 28, 2023. The conference call will be webcast and can be accessed via the...

Peer Street, Inc. and its affiliated companies ("PeerStreet") announced that on Monday, June 26, 2023, they filed for protection under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware....

National CineMedia, LLC (NCM LLC or the Company), the largest cinema advertising platform in the U.S., today announced its Plan of Reorganization (the Plan) has been confirmed by the United States Bankruptcy Court for the Southern District of Texas...

CE Brands Inc. ("CE Brands" or the "Company") announces that, as part of an internal reorganization, its wholly-owned subsidiary, eBuyNow eCommerce Ltd. ("eBuyNow"), has made a voluntary assignment into bankruptcy under the Bankruptcy and Insolvency...

Serta Simmons Bedding, LLC ("SSB" or the "company"), a leading global sleep company, today announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the company's pre-arranged Plan of Reorganization ("Plan"). SSB,...

Cyxtera , a global leader in data center colocation and interconnection services, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of New Jersey for its "First Day" motions related to the Company's...

Rockley Photonics today announced that it has completed a comprehensive financial restructuring and emerged from Chapter 11 after filing for bankruptcy protection in Q1. All of Rockley's material customer relationships remain in place. The company...

Lexington Law ("Lexington" or "Firm") today announced it has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Firm continues serving its clients that are hamstrung by low credit scores, which are often a...

Progrexion ("Company") today announced it and certain of its wholly owned subsidiaries and affiliates have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. "This move will ensure that we set a course for a...

Cyxtera , a global leader in data center colocation and interconnection services, today announced that, pursuant to the previously disclosed Restructuring Support Agreement ("RSA") it reached with certain of its lenders holding over two-thirds of its...

QualTek Services Inc. , today announced that it was notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") that Nasdaq had determined to delist the Company's common stock as a result of the Company's commencement...

Today, the U.S. Court of Appeals for the Second Circuit ruled in favor of Purdue Pharma's chapter 11 Plan of Reorganization (the "Plan"), affirming the bankruptcy court's September 2021 confirmation order. "The Second Circuit's ruling is a victory...

Celsius Network LLC ("Celsius" or the "Company") today announced that, following the completion of the Court?approved auction process, Celsius, in consultation with its official committee of unsecured creditors (the "Committee"), has selected a...

Virgin Orbit Holdings, Inc. (the "Company" or "Virgin Orbit"), a responsive space launch provider, announced today that, following a comprehensive sale process and competitive auction conducted under the United States Bankruptcy Code, the Company...

Zukin Partners represented HyreCar, Inc. in its sale to Getaround, the world's first connected carsharing marketplace, via a Bankruptcy Court supervised Section 363 Sale. The auction was concluded on May 8, 2023 and the sale was finalized at a...

Envision Healthcare Corp. ("Envision") today announced it and certain of its wholly owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Envision has entered into a Restructuring Support...

Symbiont.io, a technology pioneer solving complex global finance problems using enterprise blockchain solutions that was formed in 2013, announced the company is soliciting offers for a sale of its assets. The company's chief restructuring officer...

Monitronics International, Inc. ("Monitronics" or "the Company"), today announced that it has entered into a Restructuring Support Agreement ("RSA") with (i) lenders holding approximately 78% of the Company's outstanding funded debt and (ii) holders...

Virgin Orbit Holdings, Inc. (the "Company" or "Virgin Orbit"), a responsive space launch provider, has announced today an update regarding the process for sale of the Company. Pursuant to court-approved bid procedures, as of May 4, 2023 the Company...

Bittrex, Inc. released the following statement today regarding Bittrex U.S.' decision to file Chapter 11 bankruptcy: "Having previously announced that Bittrex, Inc. would be ceasing all operations in the U.S. effective April 30th, we have now made...

Invacare Holdings Corporation ("Invacare" or "the company"), a leading manufacturer and distributor of medical equipment used in non-acute care settings, today announced that Invacare Corporation and its two U.S. subsidiaries, Freedom Designs, Inc....

Revlon, Inc. ("Revlon" or the "Company") today announced that it has successfully completed the financial restructuring process and has emerged from Chapter 11 positioned for future success and growth. The newly reorganized company is named "Revlon...

(BRK.A; BRK.B) ? On December 14, 2007, an indirect subsidiary of Berkshire Hathaway Inc. acquired the equity of Whittaker, Clark & Daniels, Inc., Brilliant National Services, Inc., L.A. Terminals, Inc., and Soco West, Inc. These companies had ceased...