News by subject: BANKRUPTCY

Avaya Holdings Corp. ("Avaya" or the "Company"), a global leader in solutions to enhance and simplify communications and collaboration, today announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company's...

Diamond Sports Group, LLC ("DSG," "Diamond," or the "Company") announced that the Company is finalizing a Restructuring Support Agreement ("RSA") with holders of a majority of the Company's debt and Sinclair Broadcast Group, Inc. ("Sinclair") to...

On January 26, 2023, Acerus Pharmaceuticals Corporation and certain of its subsidiaries (collectively, "Acerus") were granted protection pursuant to an order (the "Initial Order") issued under the Companies' Creditors Arrangement Act (the "CCAA...

HyreCar ("HyreCar" or the "Company"), today announced that it filed with the United States Bankruptcy Court in Delaware (the "Court") Case No. 23-10259, a motion to conduct an auction to sell substantially all of its assets under Section 363 of the...

Arctic Glacier Income Fund (the "Fund") is providing a default status report, in accordance with the alternative information guidelines set out in National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("National Policy...

LexaGene Holdings, Inc.,  ("LexaGene" or the "Company"), announces that it has ceased operations, laid off its staff, and, together with its direct subsidiary LexaGene, Inc., and its indirect subsidiary Bionomics Diagnostics, Inc., filed a voluntary...

Starry Group Holdings, Inc., a licensed fixed wireless technology developer and internet service provider, and its U.S. affiliates and subsidiaries (the "Company" or "Starry") today announced that they have filed voluntary petitions for relief under...

Three Valley Copper Corp. ("Three Valley Copper", "TVC" or the "Company") today announced that Minera Tres Valles SpA ("MTV"), the Company's 95.1% Chilean copper mining subsidiary, has received from the Civil Courts of Santiago, the declaration of...

Avaya Holdings Corp. ("Avaya" or the "Company"), a global leader in solutions to enhance and simplify communications and collaboration, today announced that it has entered into a Restructuring Support Agreement (the "Financial Restructuring") with...

Tuesday Morning Corp. ("Tuesday Morning" or the "Company"), a leading off-price retailer of home goods and décor, today announced that it is pursuing a financial and operational reorganization to enable the Company to reduce its outstanding...

Aruze Gaming (Aruze), a leading developer of gambling entertainment solutions for the global casino market, today announced it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State...

Invacare Corporation ("Invacare" or "the company"), a leading manufacturer and distributor of medical equipment used in non-acute care settings, today announced actions to strengthen the company and position it for long-term success. To facilitate...

Canadian Association of University Teachers - Laurentian University filed for insolvency protection under the Companies' Creditors Arrangement Act (CCAA) on February 1, 2021. Two years later ? after job losses, program cuts, and plummeting enrollment...

Acerus Pharmaceuticals Corporation (the "Company" or "Acerus") today announced that the Company and its subsidiaries, Acerus Biopharma Inc., Acerus Labs Inc. and Acerus Pharmaceuticals USA, LLC (collectively, the "Acerus Group"), have received an...

The New York Stock Exchange LLC ("NYSE" or "Exchange") announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the two securities enumerated below ("Securities") of Rockley Photonics Holdings Limited (the...

Serta Simmons Bedding, LLC ("SSB" or the "company"), one of the leading global sleep companies, today announced that the company is taking steps to strengthen its financial position as it continues to support long-term growth. SSB has entered into a...

Genesis Global Holdco, LLC ("Genesis" "GGH" or the "company") today announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of New York (the "court") for all the first day motions related to its Chapter 11...

The Limestone Boat Company Limited ("Limestone" or the "Company") ? announces today that its wholly-owned subsidiaries Ebbtide Holdings, LLC, doing business as "TN Composites" ("TN Composites") and Limestone US Inc. ("Limestone US" and collectively...

Genesis Global Holdco, LLC ("Genesis" "GGH" or the "company"), an industry pioneer and digital currency prime brokerage, today announced strategic actions to achieve a global resolution to maximize value for all clients and stakeholders and...

SFJ Pharmaceuticals ("SFJ" or the "company") today announced the closing of the sale and transfer of assets related to Bentracimab from PhaseBio Pharmaceuticals, Inc. ("PhaseBio") to SFJ. The sale and transfer was approved on December 31, 2022 by the...

Quanergy Systems, Inc. ("Quanergy" or the "Company"), a leading provider of LiDAR sensors and smart 3D solutions, today announced that the Company initiated an orderly sale process for its business. To facilitate the sale and maximize value, the...

Clovis Oncology, Inc. ("Clovis" or the Company"), a biopharmaceutical company focused on acquiring, developing, and commercializing innovative anti-cancer agents in the U.S., Europe, and additional international markets, today announced that it and...

BlockFi Inc. and eight of its affiliates ("BlockFi" or "the Company") today commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey ("the Court") to stabilize its...

Statement from Elizabeth Rossiello, CEO and founder of AZA Finance, on the FTX Chapter 11 Bankruptcy filing: "I was shocked and disappointed to see that FTX named BTC Africa S.A. and other AZA Finance entities in its Chapter 11 bankruptcy filing...

Sungard Availability Services ("Sungard AS") today announced the successful completion of the previously announced Asset Purchase Agreements (APAs) with 11:11 Systems ("11:11") and 365 Data Centers ("365"). 11:11, a managed infrastructure solutions...

Just Energy Group Inc. ("Just Energy" or the "Company") (NEX:JE.H; OTC:JENGQ), a retail provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today...

PhaseBio Pharmaceuticals, Inc. , a clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapies for cardiovascular diseases, today announced that it has elected to file a voluntary petition under...

GetSwift Technologies Limited ("GetSwift" or the "Company"; NEO: "GSW"), a leading provider of last mile SaaS logistics technology and services, today announced that the sale process in respect of the Company's assets has been completed in accordance...

Clearford Water Systems Inc. (NEX:CLI.H) ("Clearford" or the "Corporation") announces that on October 7, 2022 (the "Proposed Effective Date") it intends to complete certain transactions contemplated by a Bankruptcy and Insolvency Act (Canada) (the...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on October 6, 2022, to holders of allowed claims against LBHI. LBHI's aggregate twenty-fifth...

Carestream Health ("Carestream" or the "Company") today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has confirmed the Company's "prepackaged" restructuring plan. The Company expects to successfully...

Cineworld Group plc and its subsidiaries (the "Group") (LSE: CINE), a leading cinema operator in 10 countries, including the United States and the United Kingdom, with 747 sites and 9,139 screens globally, today announced that Cineworld and certain...

Cineworld Group plc and its subsidiaries (the "Group") (LSE: CINE), a leading cinema operator in 10 countries including the United States and the United Kingdom with 747 sites and 9,139 screens globally, today announced that Cineworld and certain of...

The Pajaro Valley Health Care District Hospital Corporation ("the District") today announced that it has acquired Watsonville Community Hospital ("the Hospital") following the largest community fundraising campaign in the history of Santa Cruz...

Lumileds Holding B.V. ("Lumileds" or the "Company"), a global leader in innovative lighting solutions, announced today that it has received interim approval from the U.S. Bankruptcy Court for the Southern District of New York (the "Court") for all...

Carestream Health ("Carestream" or the "Company") announced it is taking the planned next step to implement the previously announced recapitalization process with its lenders by voluntarily filing for reorganization under Chapter 11 of the United...

GetSwift Technologies Limited ("GetSwift" or the "Company"; NEO: "GSW"), a leading provider of last mile SaaS logistics technology and services, today announced that all of the First Day Orders sought by the Company in its Subchapter V filing within...

Just Energy Group Inc. ("Just Energy" or the "Company") (NEX:JE.H; OTC:JENGQ), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today...

Celsius Network ("Celsius" or "the Company") today announced that it initiated voluntary Chapter 11 proceedings to provide the Company with the opportunity to stabilize its business and consummate a comprehensive restructuring transaction that...

Woodbridge Liquidation Trust (the "Trust") announced that its Liquidation Trustee, with the approval of the Trust's Supervisory Board, has declared an aggregate cash distribution of $65 million on the Trust's Class A Liquidation Trust Interests (the...

Revlon, Inc. ("Revlon" or the "Company") today announced it and certain of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. The Chapter 11 filing...

BC Craft Supply Co. Ltd. (the "Company") is pleased to announce that the British Columbia Supreme Court (the "Court") approved the Company's proposal to its creditors as amended (the "Proposal") under the Bankruptcy and Insolvency Act (Canada)...

Today, Cypress Environmental Partners, L.P. ("Cypress" or the "Company") announced that it filed for Chapter 11 bankruptcy protection and reached a restructuring support agreement with its priority senior secured lender, an affiliate of Argonaut...

Today, Cypress Environmental Partners, L.P. ("Cypress" or the "Company") announced the next step in its previously announced plan to pursue a court-supervised restructuring. On May 8, 2022, Cypress entered into a Restructuring Support Agreement (the...

Avianca Holdings S.A. ("AVH" or the "Company") informs that on March 25, 2022, at a shareholders' meeting held at the Westin Hotel, Costa Del Este, Panama City, Panama, the Company's shareholders approved the dissolution and, subsequently, in...

EYP ("the Company"), an interdisciplinary design firm specializing in the higher education, healthcare, government, and science and technology sectors, announced today that it has reached an agreement through which Ault Alliance, Inc. ("Ault"), would...

BC Craft Supply Co. Ltd. ("CRFT" or the "Company") announces today that it has filed a proposal (the "Proposal") pursuant to the Bankruptcy and Insolvency Act (Canada) (the "BIA") with the Official Receiver, with Crowe MacKay & Company Ltd acting as...

According to a research report "Cryptocurrency Market with impact of COVID-19 by Offering (Hardware, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and...

MD Helicopters, Inc. ("MD" or "the Company") today announced that it has entered into an Asset Purchase Agreement with a creditor consortium led by Bardin Hill and MBIA Insurance Corporation (the "Creditor Consortium"). The Creditor Consortium will...

The National Association of Chapter 13 Trustees (NACTT) and its members support Senate bill S. 3823, the Bankruptcy Threshold Adjustment and Technical Corrections Act, as a proactive step towards making bankruptcy an equitable solution as more...