News by subject: BCY

In accordance with a Court Order of the Court of Queen's Bench of Alberta dated March 4, 2022, MNP Ltd., in its capacity as the Proposal Trustee under the Notice of Intention to make a Proposal of Vertex (the "Proposal Trustee") pursuant to the...

Just Solutions Inc.  ("JSI" or the "Company") announces that it commenced restructuring proceedings under section 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (the "BIA") by the filing of a Notice of Intention to Make a Proposal on April 18,...

GWG Holdings, Inc. (GWGH) voluntarily filed for Chapter 11 bankruptcy protection. The move was expected in the wake of the regulatory and financial woes plaguing the Dallas-based alternative firm. ...

Nordic Aviation Capital Designated Activity Company ("NAC" or the "Company") announced today that the U.S. Bankruptcy Court for the Eastern District of Virginia (the "Court") has confirmed...

A bankruptcy sale by A&G Real Estate Partners features 21 properties?19 in Maryland and one each in Delaware and Florida?formerly owned by the late Zebulon J. and Beatrice Brodie, prominent longtime residents of the...

Edgemere Dallas ("Edgemere" or "the community") today announced it has taken decisive action to best position the community for the future and protect the interests of its stakeholders by initiating a voluntary and comprehensive restructuring through...

Laurentian refused financial assistance offered by the Ministry of Colleges and Universities that could have prevented the immediate cuts it made to its programs and staff in 2021, Auditor General Bonnie Lysyk stated in a short Preliminary...

According to sources, GWG Holdings, Inc. is preparing for Chapter 11 bankruptcy. The reports come after the Texas-based alternative asset firm notified the SEC in an April 1, 2022 filing that it was not able to submit its 2021 yearly report and...

Applying for bankruptcy is typically associated with daunting themes of shame, the end of financial journeys, and the hassle of dealing with financial institutions or creditors. From frozen bank accounts to lowered credit ratings, the consequences...

The Supreme Court of Newfoundland and Labrador (the "Court") granted an initial order (the "Initial Order") pursuant to the Companies Creditors Arrangement Act (the "CCAA") over Canada Fluorspar (NL) Inc. (CFI), Canada Fluorspar Inc., and Newspar (a...

Sungard Availability Services (Sungard AS) today announced that, after evaluating several strategic alternatives, it has filed voluntary chapter 11 petitions in the U.S. Bankruptcy Court in Houston, Texas and...

On April 4, 2022, the First District Court in Bankruptcy Proceeding Matters, which is located in Mexico City and has jurisdiction throughout Mexico published a ruling by means of which it declared ALPHA HOLDING, S.A. DE C.V., ALPHACREDIT CAPITAL,...

Today, Ruby Pipeline, L.L.C. (Ruby), a natural gas pipeline joint venture between Kinder Morgan, Inc. and Pembina Pipeline Corporation that extends from Wyoming to Oregon, filed to reorganize under chapter 11 of the Bankruptcy Code in response to...

Media Central Corporation Inc. ("Media Central" or the "Company") which trades on the Canadian Securities Exchange as FLYY and on German stock exchanges as 3AT, confirmed that on March 25, 2022, the Company filed an "Assignment in Bankruptcy" (the...

In October 2019, several contractors claimed that GenCanna, a hemp processor and CBD product manufacturer based in Winchester, Kentucky, owed them $13 million. Creditors filed claims against...

Demand from across the theater and professional AV industries drove strong results in Tiger Group's February 22 auction of equipment from Pacific Theatres. The movie chain, formerly one of North America's largest, filed for Chapter 7 bankruptcy in...

In accordance with a Court Order of the Court of Queen's Bench of Alberta dated March 4, 2022, MNP Ltd., in its capacity as the Proposal Trustee under the Notice of Intention to make a Proposal of Vertex (the "Proposal Trustee") pursuant to the...

Mammoth Energy Services, Inc. ("Mammoth" or the "Company") today issued the following statement in response to Puerto Rico's governor Gov. Pedro Pierluisi's attempt to terminate the $8.3 billion dollar bankruptcy agreement that would have allowed...

ORPHEUM Property, Inc. (the "Company"), a Delaware corporation, today announced that effective March 10, 2022, a division of the Company, KLMKH, Inc., filed a Chapter 11 (Subchapter V) bankruptcy petition in North Carolina. The timing of the filing...

Seadrill Limited ("Seadrill" or the "Company") announces today that it anticipates emerging from the Chapter 11 process in February 2022, likely prior to the end of the present week. As previously announced, Seadrill's Chapter 11 plan of...

Tiger Group is liquidating equipment from well-known movie chain Pacific Theatres, which operated theaters across the United States before filing for Chapter 7 bankruptcy in the wake of COVID-19 lockdowns. Bidding in the timed, online auction opens...

(All figures in Canadian dollars unless otherwise noted) Aimia has entered into a binding letter of intent with Aeromexico to divest its stake in PLM loyalty program for net proceeds, including an earn-out, of up to $517 million (USD $405 million),...

Mallinckrodt plc ("Mallinckrodt" or the "Company") today announced that its Plan of Reorganization (the "Plan") has been confirmed by the U.S. Bankruptcy Court for the District of Delaware, paving the way for the Company to begin the next stage in...

BH Cosmetics announced today that the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") has approved the sale process for its intellectual property, inventory, furniture, fixtures and equipment, unexpired contracts...

Grupo Aeroméxico, S.A.B. de C.V. ("Aeroméxico" or the "Company") (BMV: AEROMEX) informs that the hearing to consider confirmation of the Joint Plan of Reorganization of the Company and its subsidiaries that are debtors in the Company's Chapter 11...

Retail Holdings N.V. (Symbol: RHDGF), Retail Holdings N.V. (the "Company") announced today its schedule going forward to the ultimate liquidation of the Company. With the completion of the sale at year-end 2021 of the shares of its indirect...

Grupo Aeroméxico, S.A.B. de C.V. ("Aeroméxico" or the "Company") (BMV: AEROMEX) informs that the Bankruptcy Court announced that it will enter an order granting the Company's motion to enforce a court order requiring certain parties to vote their...

Seadrill Limited ("Seadrill" or the "Company") (OSE: SDRL) and the Issuer today announce that the Issuer has emerged from chapter 11 after successfully completing its pre-packaged restructuring pursuant to its chapter 11 plan of reorganization (the...

Amidst unprecedented market conditions due to the coronavirus pandemic, Hilco Real Estate, LLC (HRE) successfully advised its client in connection with an $18,100,000 bankruptcy sale of approximately 134± acres of vacant development land located at...

Grupo Aeroméxico, S.A.B. de C.V. ("Aeroméxico" or the "Company") (BMV: AEROMEX) informed on December 10, 2021, that the Bankruptcy Court entered an order approving (i) the Disclosure Statement with respect to the Joint Plan of Reorganization for...

The Official Tort Claimants' Committee ("TCC") of the Boy Scouts of America ("BSA") projects that the BSA failed to garner enough votes from eligible voters for the approval of the BSA's Second Modified Fifth Amended Plan of Reorganization ("Plan")....

Reitmans (Canada) Limited ("Reitmans" or the "Company") today...

Otso Gold Corp. ("Otso" or the "Company"), (NEX: OTSO.H) announced today that the Supreme Court of British Columbia (the "Court") has granted an amended and restated initial order effective December 15, 2021 in connection with the insolvency...

Grupo Aeroméxico, S.A.B. de C.V. ("Aeroméxico" or the "Company") (BMV: AEROMEX) informs that, following the approval on December 10th by the United States Bankruptcy Court for the Southern District of New York (the "Court") of the (i) Disclosure...

On December 14, 2021, the Official Tort Claimants' Committee (TCC) in the chapter 11 bankruptcy of the Boy Scouts of America (BSA) announced that it does not support the BSA's proposed $800 million settlement with Century and Chubb insurance...

Mixed marketplace signals underscore the need for turnaround and restructuring professionals to put an even sharper focus on data and analysis in commercial real estate projects, writes Andrew Graiser, Co-President of A&G Real Estate Partners, in the...

Otso Gold Corp. ("Otso" or the "Company"), announced today it has obtained an order from the Supreme Court of British Columbia (the "Court") granting protection from creditors under the Companies' Creditors Arrangement Act (Canada) ("CCAA") to...

Avianca announced today that it has successfully completed its financial restructuring process and emerged from Chapter 11 as a more efficient and financially stronger airline, with significantly reduced debt and over $1 billion of liquidity.  ...

LATAM Airlines Group S.A. ("LATAM") (SSE: LTM) and its affiliates in Brazil, Chile, Colombia, Ecuador, Peru, and the United States today announced the filing of a Plan of Reorganization (the "Plan"), which reflects the path forward for the group to...

Alpha Latam Management, LLC and certain of its affiliates that have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code (collectively, the "Debtors") in the Bankruptcy Court for the District of Delaware (the "Bankruptcy...

The Evergrande default and the China real estate crisis are currently causing around 10 billion US dollars in losses at the ten largest pension and investment funds specializing in Asia, with the largest Evergrande bond exposure of around 1.2 billion...

China Evergrande Group today again defaulted on interest payments to international investors. DMSA itself is invested in these bonds and has not received any interest payments until today's end of the grace period. Now DMSA is preparing bankruptcy...

The Canadian Injection Molding Machinery Manufacturer, NIIGON  MACHINES LTD. has filed for bankruptcy and is now in receivership. INFINITY ASSET SOLUTIONS, Toronto, has been authorized to liquidate the two (2) state-of-the-art manufacturing...

GC Services Limited Partnership ("GC Services" or "Company"), one of North America's oldest and largest providers of business process outsourcing and accounts receivable management solutions, today announced that its indirect owner and parent...

PWM Property Management LLC and certain other affiliated entities (collectively, the "Company") that directly or indirectly own 245 Park Avenue in New York City and 181 West Madison Avenue in Chicago (together, the "Properties") have commenced...

abc carpet & home, a go-to destination for a unique selection of the highest quality home and hospitality products, today announced that it is under new ownership, ensuring that the legacy of the iconic New York retailer continues....

Grupo Posadas S.A.B. de C.V. (BMV: POSADASA) (the "Company") today announced that it has advanced its previously announced debt restructuring by obtaining additional support from holders of its 7.875% senior notes due 2022 (the "Existing Notes")....

On November 3, ThreeSixty Asset Advisors will auction thousands of archival exhibition posters of Ace Gallery, dating back to the 1960's. After years of bankruptcy reorganization efforts, the famed Ace Gallery is in the final phases of an operational...

Grupo Aeroméxico, S.A.B. de C.V. ("Aeroméxico" or the "Company") (BMV: AEROMEX) informs that (i) the hearing to approve the Disclosure Statement has been adjourned to November 10, 2021 (originally scheduled for October 21, 2021), (ii) the hearing to...

Johnson & Johnson (the Company) today announced that LTL Management LLC (LTL), a newly created and separate subsidiary of Johnson & Johnson, that was established to hold and manage claims in the cosmetic talc litigation, has filed for voluntary...