News by subject: BANKRUPTCY

Jackson Healthcare®, one of the nation's premier providers of healthcare workforce services, today announced that its parent company, Jackson Investment Group, will provide a debtor in possession (DIP) loan to Jackson Hospital & Clinic, enabling it...

Zips Car Wash, LLC (together with its affiliates, collectively "ZIPS" or the "Company"), one of the largest privately held car wash operators nationwide, announced that it has agreed to the terms of a restructuring plan (the "Plan") with a group of...

Prospect Medical Holdings, Inc. ("Prospect Holdings" or the "Company") today announced that it has entered into an amended and restated asset purchase agreement (the "APA") to sell CharterCARE Health Partners, including the Roger Williams Medical...

Prospect Medical Holdings, Inc. ("Prospect Holdings" or the "Company") today announced that it intends to sell Crozer Health and its operating assets, including all hospitals, ambulatory surgery centers, clinics, and physician offices, to a...

Vroom, Inc. (the "Company"), a leading automotive finance company and a data, AI-powered analytics and digital services platform supporting the automotive industry, today provided an update on trading of the Company's common stock and warrants...

Diamond Comic Distributors ("Diamond" or "the Company"), today announced that the United States Bankruptcy Court for the District of Maryland ("the Court") has approved Diamond's $41 million debtor-in-possession ("DIP") financing agreement with JP...

Prospect Medical Holdings, Inc. ("Prospect Holdings" or the "Company") today announced that it has received approvals from the United States Bankruptcy Court for the Northern District of Texas (the "Bankruptcy Court") for certain "first day" motions...

Vroom, Inc., a leading automotive finance company and a data, AI-powered analytics and digital services platform supporting the automotive industry, today announced that as of January 14, 2025, it has successfully completed its recapitalization of...

Diamond Comic Distributors ("Diamond" or "the Company"), today announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Maryland to...

Prospect Medical Holdings, Inc. ("Prospect Holdings" or the "Company") today announced that it is proceeding on a strategic pathway to realign its organizational focus outside of California, including pursuit of an agreement to sell the Roger...

World of Beer (WOB) Bar & Kitchen has successfully emerged from Chapter 11, less than five months after it filed to restructure. The Tampa-based company restructured legacy debt during its financial reorganization and is bullish on its future as it...

Bondholders of the Puerto Rico Electric Power Authority ("PREPA"), including GoldenTree Asset Management, LP, Assured Guaranty Inc., and National Public Finance Guarantee Corporation (collectively, the "PREPA Bondholders"), today issued the following...

Diamond Sports Group announced today that it has completed its financial restructuring and has emerged from Chapter 11 as Main Street Sports Group ("Main Street Sports" or the "Company") with a significantly deleveraged balance sheet. Main Street...

BML Properties Ltd. today expressed its disappointment in the bankruptcy filing by CCA Construction Inc., formerly known as China Construction America ("CCA"). Sarkis Izmirlian, chair of BML Properties Ltd. and the original developer of the Baha...

The Container Store Group, Inc. ("The Container Store" or "the Company"), the nation's leading retailer of organizing solutions, custom spaces, and in-home services, today announced it will implement a recapitalization transaction to bolster its...

Earth Alive Clean Technologies Inc. today announced that it has obtained an order from the Superior Court of Québec (the "Court") extending the delay to file a proposal pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada) (the...

BitGo, the leading digital asset custody and security platform trusted by institutions since 2013, today announced it has entered into an agreement with FTX Trading Ltd. ("FTX") and its affiliated debtors (the "FTX Debtors") to assist in distributing...

Akoustis Technologies, Inc. ("Akoustis" or the "Company"), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that it has voluntarily filed...

Enviva, LLC ("Enviva" or the "Company"), a leading producer of industrial wood pellets, today announced its successful emergence from Chapter 11 bankruptcy protection, marking a significant milestone in the Company's strategic transformation. Enviva...

As previously disclosed, on September 19, 2024, the Supervisory Board of Woodbridge Liquidation Trust (the "Trust") approved a distribution in the amount of approximately $4,100,000 out of the net sales proceeds of the Trust's remaining Forfeited...

Bondholders of the Puerto Rico Electric Power Authority ("PREPA"), including GoldenTree Asset Management, LP, Assured Guaranty Inc., and National Public Finance Guarantee Corporation (collectively, the "PREPA Bondholders"), today issued the following...

Wheel Pros, LLC (d/b/a Hoonigan) and certain of its North American-based affiliates (collectively "Hoonigan" or the "Company"), a leading provider of aftermarket vehicle enhancements, today announced that it has successfully completed its financial...

Marking a key milestone in its financial restructuring process, H-Food Holdings LLC and certain of its affiliates ("Hearthside" or the "Company"), a leading food contract manufacturer, yesterday received interim or final approval on all of its "First...

H-Food Holdings LLC and certain of its affiliates ("Hearthside" or the "Company"), a leading food contract manufacturer, today announced that it has entered into a global Restructuring Support Agreement ("RSA") with its key stakeholders that will...

Eletson Holdings Inc. ("Eletson" or the "Company"), an international seaborne transportation company, announced today that it has successfully completed its financial restructuring and emerged from Chapter 11 protection, marking a new beginning with...

CareMax, Inc. ("CareMax" or the "Company"), a leading technology-enabled value-based care delivery system, today announced it has entered into an agreement to sell its management services organization and also announced a sale process for the...

VBI Vaccines Inc. (VBI) is initiating a voluntary nationwide recall of all remaining PreHevbrio® [Hepatitis B Vaccine (Recombinant); NDC 75052-001-10] ("PreHevbrio") due to the bankruptcy of the company and termination of operations. Further...

Diamond Sports Group ("Diamond") announced today that the United States Bankruptcy Court for the Southern District of Texas (the "Court") approved Diamond's Plan of Reorganization (the "Plan") to emerge from Chapter 11 bankruptcy protection. Diamond...

Pitney Bowes Inc. ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced that it has reached an agreement in...

Vroom, Inc. , a leading automotive finance company and an AI-powered analytics and digital services platform for automotive retail, today announced that it has made the strategic decision to enter into a Restructuring Support Agreement (RSA) with...

Wellpath, the nation's leader in providing compassionate medical healthcare to at-risk patients in correctional and mental health facilities, today announced it has reached a comprehensive agreement with approximately 85% of its first lien lenders...

Sandvine Corporation and certain of its affiliates and subsidiaries ("Sandvine" or the "Company") today announced that it has commenced proceedings under the Companies' Creditors Arrangement Act ("CCAA") in the Ontario Superior Court of Justice...

Wheel Pros, LLC (d/b/a Hoonigan) and certain of its North American-based affiliates (collectively "Hoonigan" or the "Company"), a leading provider of aftermarket vehicle enhancements, today announced that the U.S. Bankruptcy Court for the District of...

StateHouse Holdings Inc. ("StateHouse" or the "Company") , a California-focused, vertically integrated cannabis company, today announced that StateHouse has made an assignment into bankruptcy pursuant to Canada's Bankruptcy and Insolvency Act (the...

Gritstone bio, Inc. ("Gritstone" or the "Company"), a clinical-stage biotechnology company working to develop the world's most potent vaccines, today announced it has filed a voluntary petition under chapter 11 of the United States Bankruptcy Code...

ARHT Media Inc. , (the "Company" or "ARHT") has announced that it has filed for bankruptcy under the Bankruptcy and Insolvency Act (the "BIA"). MNP Ltd. has been appointed as the Licensed Insolvency Trustee. The Company has laid off its employees...

Vertex Energy, Inc. ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced it entered into a Restructuring Support Agreement (the "RSA") with overwhelming support of 100% of the...

Johnson & Johnson (the "Company") announced that its subsidiary, Red River Talc LLC ("Red River"), filed a voluntary prepackaged Chapter 11 bankruptcy case today in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy...

Smallhold Inc., a Certified B-Corp and national leaders in organic specialty mushrooms, today announced completion of its restructuring process and exit from Chapter 11 (subchapter V). Smallhold's emergence from Chapter 11 is led by investment from...

Edgio, Inc. and certain of its affiliates (collectively, "Edgio" or the "Company"), the platform of choice for security, speed, and simplicity, today announced that it has voluntarily filed for chapter 11 relief (the "Chapter 11 Cases") in the...

Wheel Pros, LLC (d/b/a Hoonigan) and certain of its North American-based affiliates (collectively "Hoonigan" or the "Company"), a leading provider of aftermarket vehicle enhancements, today announced that it has commenced an in-court financial...

LL Flooring Holdings, Inc. ("LL Flooring" or the "Company") , today announced that, as part of its ongoing Chapter 11 process, the Company has signed an agreement with F9 Investments for a going-concern sale of the business. Under the terms of the...

Rite Aid Corporation ("Rite Aid" or the "Company") today announced that it has successfully completed its financial restructuring and emerged from Chapter 11, marking a new beginning as a stronger company with a rightsized store footprint, more...

Lumio (the "Company"), a leader in personalized renewable energy, today announced that it has filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Delaware (the "Court") to complete a...

Steward Health Care ("Steward"), the country's largest physician-led, minority-owned, integrated health care system, announced today it has reached an agreement in principle with its landlord, Medical Properties Trust, Inc. ("MPT"), supported by the...

Fortress Investment Group today announces the appointment of Damola Adamolekun as CEO of RL Investor Holdings LLC. RL Investor Holdings LLC is a new entity that is seeking bankruptcy court approval to acquire from Red Lobster Management LLC and its...

Tehum Care Services, Inc. a correctional healthcare company formerly known as Corizon Health, is pleased to announce that the Bankruptcy Court in Southern District of Texas has entered a Fifth Interim DIP Order (the "Order") approving additional...

LL Flooring Holdings, Inc. ("LL Flooring" or the "Company") , today announced that the Company was informed on August 12, 2024 by the New York Stock Exchange ("NYSE") that based on the Company's and certain of its direct and indirect subsidiaries'...

LL Flooring Holdings, Inc. ("LL Flooring" or the "Company") , today announced that the Company and certain of its subsidiaries have commenced voluntary Chapter 11 reorganization proceedings in the U.S. Bankruptcy Court for the District of Delaware...

VBI Vaccines Inc. (VBI), a biopharmaceutical company driven by immunology in the pursuit of powerful prevention and treatment of disease, today provided an update on the restructuring proceedings announced on July 30, 2024. U.S. Chapter 15 Filing...