News by subject: BCY

The Mallinckrodt board and management has entirely abandoned shareholder interests, attempting to push through a Chapter 11 restructuring plan (their case pending before the U.S. District of Delaware Bankruptcy Court) that will extinguish all...

L'Occitane, Inc. ("L'Occitane" or the "Company"), a leading U.S. retailer of beauty and well-being products rich in natural and organic ingredients that preserves and celebrates the traditions of Provence, today announced that it has taken action to...

eCommerce platform provider Volusion, LLC ("Volusion" or the "Company") announced that the Company emerged from Chapter 11 bankruptcy protection on January 19 after successfully restructuring the company's matured debt with Main Street Capital...

American Achievement Corporation®, (the "Company") the digital retailer and premier provider of school recognition products, announced today that an involuntary Chapter 11 petition was filed in the Bankruptcy Court for the Northern District of Texas...

Christopher & Banks, on January 13, 2021, filed for Chapter 11 reorganization and authorized store closing sales to be conducted by Hilco Merchant Resources.  The store closing process has begun at more than 400 stores nationally....

Wave Computing, Inc. ("Wave" or "the Company"), the processor technology company focused on the commercialization of RISC processor architectures and IP cores, and its subsidiaries including MIPS Tech, today announced that the Company has reached an...

KPS Capital Partners, LP ("KPS") announced that, through a newly formed affiliate, it has completed the acquisition of Libertas Copper, LLC ("Hussey Copper" or the "Company") from Zohar III, Ltd. ("Zohar III") and Ark II CLO 2001-1, Ltd.  KPS...

Today, Upsolve, the leading consumer bankruptcy nonprofit in the United States, announced that it is endorsing the landmark Consumer Bankruptcy Reform Act of 2020. This is the most comprehensive bankruptcy reform introduced since 2005. On December...

Clingman & Hanger Management Associates, LLC  and Amini LLC today announced the approval of a settlement agreement with the US Department of Education (DOE), clearing the way for a final resolution of the complex bankruptcy of FCC Holdings, Inc. ...

UTEX Industries, Inc. ("UTEX" or the "Company") today announced that it has emerged from its fast-tracked "prepackaged" chapter 11 cases. This milestone marks the final step in the completion of UTEX's financial restructuring, which has successfully...

Omni Agent Solutions, an affiliate of Beilinson Advisory Group, today announced the appointment of Mike Hume as its new Chief Technology Officer (CTO). As CTO, Mr. Hume will oversee the company's overall technology strategy, including the ongoing...

On the heels of its purchase of the Radio Shack brand and re-launch of Dress Barn and Pier 1 Imports into online-only businesses, Retail Ecommerce Ventures (REV) today announced that a subsidiary emerged as the winner of a bankruptcy court auction...

PREIT , a leading operator of diverse retail and experiential destinations, today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has confirmed its prepackaged financial restructuring plan (the...

On November 23, 2020, Northwest Hardwoods, Inc. and certain of its affiliates ("NWH" or the "Company") took the next step in implementing its restructuring support agreement (the "RSA") by filing voluntary petitions for relief under Chapter 11 of the...

Legal-Bay, The Pre-Settlement Funding Company, announced today that while they are still funding a limited number of Boy Scouts of America Cases, they are appalled at the final tally of over 92K claims of sexual abuse and harassment already...

Today, the North American Talc Subsidiaries of Imerys (Imerys Talc America, Imerys Talc Vermont, and Imerys Talc Canada or, collectively, the "Debtors") announced that the United States Bankruptcy Court for the District of Delaware (the "U.S. Court")...

Behind every bottle of wine is countless hours of growing, picking, processing and testing, which is why there is no room for error when shipping the end result. Liviri, in partnership with Alejandro Bulgheroni Wines, received the 2020 Excellence in...

CRED INC. announced today that it, along with all of its subsidiaries, has commenced a voluntary Chapter 11 case in the United States Bankruptcy Court for the District of Delaware to explore strategic alternatives, including, without limitation, the...

Le Château Inc. (NEX: CTU.H) ("Le Château" or the "Company") announced today that the Québec Superior Court (Commercial Division) (the "Court") issued an Amended and Restated Initial Order extending to January 15, 2021 the application of the Initial...

PREIT , a leading operator of diverse retail and experiential destinations, today announced it has taken the next step to execute its prepackaged financial restructuring plan (the "Prepackaged Plan") under which the Company will be recapitalized and...

GNC Holdings, LLC (the "Company"), a leading global health and wellness brand, today announced that the previously confirmed Chapter 11 Plan of Reorganization of its predecessors has been consummated and became effective. Under the Plan, an appointed...

A&G Real Estate Partners today announced that it has completed bankruptcy court-approved sales of Stage Stores, Inc.'s Jacksonville, Texas distribution center and two other properties to two buyers. The Melville, N.Y.-based A&G has been serving as...

Yuma Energy, Inc. ("Yuma" or the "Company"), together with its subsidiaries Yuma Exploration and Production Company, Inc., Davis Petroleum Corp., and The Yuma Companies, Inc. (collectively, the Company and the filing subsidiaries, the "Debtors"),...

Hilco Real Estate, LLC announces November 3, 2020 as the bid deadline for a court-supervised bankruptcy auction of 17 multifamily properties located on Chicago's South Side, formally known as Better Housing Foundation Portfolio C. The portfolio...

TNT Crane & Rigging, Inc. and certain of its affiliates ("TNT" or the "Company") today announced that the Company and certain subsidiaries have emerged from chapter 11 bankruptcy protection, completing a transaction that has strengthened the...

The Adelphia Recovery Trust (the "Trust") announced today that its Trustees have declared a final liquidating distribution of cash in the amount of $6.7 million payable on or about October 30, 2020 to holders of interests in the Trust pursuant to the...

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

Mallinckrodt plc ("Mallinckrodt" or the "Company") today announced that it has voluntarily initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to modify its capital structure, including restructuring portions...

Grupo Aeroméxico, S.A.B. de C.V. ("Aeromexico" or the "Company") (BMV: AEROMEX) announces that following our previous relevant events dated August 13th, August 19th and September 9th 2020, regarding (a) securing the commitment for US$1,000 million...

Legal-Bay, The Pre Settlement Funding Company, announces the Chapter 11 bankruptcy filing of The Diocese of Rockville Centre in Long Island?a suburb of New York City?in response to a torrent of lawsuits brought forth by numerous victims. The...

Akorn, a leading specialty pharmaceutical company ("Akorn" or the "Company"), today announced the successful completion of its sale to certain of the Company's term loan lenders, which was approved by the United States Bankruptcy Court for the...

The Diocese of Rockville Centre ("DRVC" and "The Diocese") (www.drvc.org) announced today the filing of a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code.  The filing is necessary to manage litigation expenses,...

Denise Bruckerhoff, DO, is being recognized by Continental Who's Who as a Top Internist in the field of Medicine and acknowledgment of her dedication and commitment to providing quality healthcare with Bruckerhoff Internal Medicine Associates.  ...

Bouchard Transportation Co., Inc. (privately held) ("Bouchard" or the "Company"), the nation's largest independently-owned ocean-going petroleum barge company, today announced that it and certain of its subsidiaries have filed voluntary petitions to...

Valaris plc ("Valaris" or the "Company") today announced that, on September 25, 2020, the Company entered into a $500 million Debtor-in-Possession ("DIP") term loan agreement with certain of its noteholders. This agreement was executed after...

Neiman Marcus Holding Company, Inc. (formerly the "Neiman Marcus Group LTD LLC") (the "Company") today announced it has emerged from voluntary Chapter 11 protection, successfully completing its restructuring process and implementing the Plan of...

Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, is selling the intellectual property assets of Mavatar (the "Company") on behalf of Lynn Schoenmann, as chapter 7 trustee...

Avianca Holdings S.A. (the "Company" or "Avianca") today announced that it has secured commitments for debtor-in-possession ("DIP") financing totaling just over US$ 2.0 billion and has filed a motion to approve the financing in the U.S. Bankruptcy...

CLIENT At its inception more than 55 years ago, the original vision of The Paper Store ("TPS" or the "Company") was to serve as a local retailer offering newspapers, magazines, greeting cards and school supplies. Since then, The Paper Store has...

The firm at Scura, Wigfield, Heyer, Stevens & Cammarota LLP are proud to present the first consensual Chapter 11 Subchapter V Bankruptcy Plan of Reorganization for an individual debtor. Here, the Debtor's proposed plan of reorganization was approved...

Hornbeck Offshore Services, Inc. (the "Company") announced that on September 4, 2020 (the "Effective Date") the Company emerged from Chapter 11 pursuant to its Joint Prepackaged Chapter 11 Plan of Reorganization (the "Plan"). The Plan implements the...

Century 21 Stores, a pioneer of off-price retail, today announced plans to commence a wind down of its retail operations and going out of business sales at its 13 stores across New York, New Jersey, Pennsylvania, and Florida after serving customers...

Luby's, Inc. ("Luby's") , today announced that the Company's Board of Directors (the "Board"), after considering a number of strategic alternatives, has approved and adopted a plan of liquidation and dissolution (the "Plan of Liquidation" or the...

The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division today issued a ruling confirming Neiman Marcus Group LTD LLC's (the "Company") Plan of Reorganization ("the Plan"). This clears the way for the Company's emergence from...

Akorn, Inc., a leading specialty pharmaceutical company, today announced that the United States Bankruptcy Court for the District of Delaware has approved its sale to the Company's existing lenders. Doug Boothe, Akorn's President and Chief Executive...

Avianca Holdings S.A. (the "Company" or "Avianca") today issued a statement regarding the Company's expected debtor-in-possession ("DIP") financing, following the announcement by the Republic of Colombia's Ministerio de Hacienda y Credito Público...

KB US Holdings, Inc. ("KB or the Company"), parent company of the Kings Food Markets and Balducci's Food Lover's Market subsidiary banners, today announced it has accepted a stalking horse bid from TLI Bedrock to purchase the Company for $75 million....

FR TNT Holdings LLC and certain of its affiliates ("TNT" or the "Company") today announced that they have filed for voluntary chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware to effectuate a transaction that will...

The majority bondholders and Clare Oaks, the owner and operator of a continuing care retirement community outside of Chicago, announced that they have reached agreement on a consensual restructuring plan in Clare Oaks' Chapter 11 bankruptcy case. ...

The Takata Tort Compensation Trust Fund has taken legal action against one of Takata's Japanese insurance companies, Tokio Marine & Nichido Fire Insurance Co., Ltd., to enforce Takata's Chapter 11 Plan of Reorganization and Confirmation Order and...