News by subject: BANKRUPTCY

Buyk, the real-time retail grocery delivery service that launched in New York City and Chicago in 2021, has filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New...

Force Ten Partners LLC (Force 10) announced today that it has helped secure bankruptcy court approval of the sale of Watsonville Community Hospital to the Pajaro Valley Healthcare District Project (PVHDP) and position the hospital for a financial and...

Just Energy Group Inc. ("Just Energy" or the "Company") , a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions, carbon offsets and renewable energy options to customers, announced...

BC Craft Supply Co. Ltd., ("CRFT" or collectively, the "Company"), today announced that it has filed a Notice of Intention ("NOI") to make a Proposal under the Bankruptcy & Insolvency Act (Canada) (the "BIA"). The filing of the NOI has the effect...

Invictus Global Management, LLC, which collectively with its affiliates is a sizable creditor in the bankruptcy of Grupo Aeroméxico, S.A.B. de C.V. and a shareholder of Delta Air Lines, Inc. , today released a letter sent to the following Delta...

Purdue Pharma L.P. today announced its intent to appeal today's ruling by the United States District Court for the Southern District of New York, which vacated the Bankruptcy Court's September 2021 order confirming its chapter 11 plan of...

Watsonville Community Hospital filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code on Dec. 5 as part of a plan to sell the Hospital and provide much needed capital to strengthen the hospital and best position it to continue...

Watsonville Community Hospital has reached a preliminary agreement to sell its operations to a new healthcare district sponsored by the Pajaro Valley Healthcare District Project (PVHDP) to secure the hospital's future and continue its role as a...

Invictus Global Management, LLC and Corvid Peak Capital Management, sizable creditors in the bankruptcy of Grupo Aeroméxico, S.A.B. de C.V., today sent the below letter to the boards of directors of Delta Air Lines, Inc. and Apollo Global Management,...

Riverbed Technology ("Riverbed" or the "Company") today announced that it has taken the next steps in its recapitalization, voluntarily commencing Chapter 11 cases to implement its "prepackaged" financial restructuring plan to reduce the Company's...

Chet Morrison Contractors, LLC (Morrison), a leading energy service company for the oil and gas industry, announces the successful completion of a total field decommissioning campaign, satisfying the requirements of the U.S. Bankruptcy Court, Chapter...

With the full support of its customers, vendors, and the Arizona Bankruptcy Court, PCT International has emerged from Chapter 11 with a stronger organization. The robust balance sheet with newly developed products and world-class support continues to...

CBL Properties today announced that it successfully completed its Chapter 11 reorganization. CBL emerged with a significantly improved capital structure, greater financial flexibility and a lowered cost of capital, positioning the company with a...

GTT Communications, Inc., "GTT" or "the Company," a leading global cloud networking provider to multinational clients, announced today that the Company and certain of its direct and indirect subsidiaries have commenced prepackaged chapter 11 cases in...

CBL Properties today announced that following its planned emergence from the Chapter 11 restructuring process on November 1, 2021, the common stock of the newly reorganized company is expected to commence trading on the New York Stock Exchange . CBL...

CBL Properties today announced members of the Board of Directors selected to serve following its emergence from Chapter 11 on November 1st. Jonathan Heller, Partner and head of the New York office of Canyon Partners, who joined the CBL Board on...

Washington Prime Group Inc. ("WPG" or the "Company") today announced that it and each of its debtor affiliates have emerged from the Chapter 11 process, signifying the successful completion of the Company's financial restructuring and the...

Philippine Airlines Inc. (PAL) announced today that it received U.S. court approval on a final basis to access its debtor-in-possession ("DIP") financing totaling US$505 million, a core feature of the flag carrier's restructuring plan. "This...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on October 7, 2021 to holders of allowed claims against LBHI, excluding certain creditors that will...

Philippine Airlines Inc. (PAL) announced today that the United States Chapter 11 court approved all "First Day" motions on an interim or final basis for PAL's voluntary restructuring following petitions filed on September 3, 2021. These approvals...

The United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") today approved the Purdue Pharma L.P. chapter 11 plan of reorganization (the "Plan"). The Plan received overwhelming support from more than 95% of...

Intelsat S.A. , operator of the world's largest and most advanced integrated satellite and terrestrial network, today announced that it has achieved the support of key creditor groups across the capital structure on the terms of a comprehensive...

CBL Properties today announced that on August 11, 2021, the United States Bankruptcy Court for the Southern District of Texas entered an order approving the Company's Plan of Reorganization (the "Plan"). As previously announced, on November 1, 2020,...

GBG USA Inc., an indirect wholly-owned subsidiary of Global Brands Group Holding Limited (the "Group"), today announced that the North America wholesale business and certain subsidiaries and affiliates (together "GBG USA") have commenced voluntary...

Purdue Pharma L.P. today announced preliminary voting results that show overwhelming support for its chapter 11 plan of reorganization ("The Plan"). More than 95% of the 120,000-plus votes submitted were in favor of confirmation. Out of almost 5,000...

Limetree Bay Refining, LLC and several of its affiliates (collectively, "Limetree Bay" or the "Company") today announced that Limetree Bay has filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy...

BBX Capital, Inc. (PINK: BBXIB) ("BBX Capital" or the "Company") announced today that IT'SUGAR LLC and its wholly owned subsidiaries (collectively, "IT'SUGAR") have emerged from bankruptcy and BBX Capital has reacquired control of IT'SUGAR and will...

BBX Capital, Inc. (PINK: BBXIB) ("BBX Capital" or the "Company") announced today that, on June 11, 2021, the United States Bankruptcy Court for the Southern District of Florida (the "Bankruptcy Court") announced its intention to enter an order (the...

Washington Prime Group Inc. today announced that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of...

DAVIDsTEA Inc. ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, is pleased to announce that its Plan of Arrangement under the Companies' Creditors Arrangement Act ("CCAA") was approved today by the requisite majorities of...

Purdue Pharma L.P. today announced that the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") has approved, among other things, the adequacy of Purdue's disclosure statement (the "Disclosure Statement")...

Gulfport Energy Corporation (the "Company" and together with its wholly owned subsidiaries, "Gulfport") today announced that it has successfully completed its restructuring process and emerged from chapter 11 protection. As contemplated by...

Garrett Motion Inc. ("Garrett") today announced it has emerged from its pending Chapter 11 cases, successfully completing the restructuring process and implementing the Plan of Reorganization ("Plan") that was confirmed by the U.S. Bankruptcy Court...

Garrett Motion Inc. ("Garrett") today announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed the Company's Plan of Reorganization ("Plan"), positioning Garrett to complete the implementation of the Plan, led by...

Fresh Acquisitions, LLC which operates Furr's Fresh Buffet©, and several of its affiliates including Buffets LLC and its subsidiaries, which operate Ryan's©, Old Country Buffet©, Tahoe Joes Famous Steakhouse©, and Hometown Buffet©, filed for Chapter...

Frontier Communications Corporation ("Frontier Communications") today announced the California Public Utilities Commission has unanimously voted to approve its emergence from Chapter 11. Having already received all other required state and federal...

Just Energy Group Inc. ("Just Energy" or the "Company") , a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, announced today that the...

Christopher & Banks Corporation , a former specialty women's apparel retailer, today announced that it has filed a Form 15 with the U.S. Securities and Exchange Commission to voluntarily deregister its common stock. The Company is eligible to...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on April 1, 2021 to holders of allowed claims against LBHI and its various affiliated Debtors...

Purdue Pharma L.P. today filed a Chapter 11 plan of reorganization (the Plan) and a related disclosure statement in the United States Bankruptcy Court for the Southern District of New York. True to the vision articulated at the outset of the Chapter...

Garrett Motion Inc. ("Garrett") today announced that the U.S. bankruptcy court has approved the disclosure statement in respect of Garrett's proposed plan of reorganization, which is sponsored by a consortium of investors led by funds managed by...

All Services to customers across Company's North American operations continue without interruption; no impact on customers' bills, employees or daily operations expectedFilings and associated US$125 million Debtor in Possession ("DIP") financing...

Pacific Gas and Electric Company (PG&E) today issued the following statement in response to a draft resolution released by the California Public Utilities Commission (CPUC): Today, the CPUC issued a draft resolution proposing to place PG&E into step...

Ruby Tuesday today announces its successful emergence from bankruptcy. A Delaware bankruptcy judge confirmed the casual dining restaurant chain's Chapter 11 plan of reorganization on February 17. The company had sought bankruptcy protection on...

Major holders of Puerto Rico's General Obligation ("GO") and Public Buildings Authority ("PBA") bonds ? including the Ad Hoc Group of Constitutional Debtholders, Ad Hoc Group of GO Bondholders, Lawful Constitutional Debt Coalition and QTCB Noteholder...

Solstice Marketing Concepts LLC, ("Solstice") the second-largest retailer of sunglasses in the U.S., today announced that it has filed a voluntary Chapter 11 petition for relief in the United States Bankruptcy Court for the Southern District of New...

Country Fresh Holding LP ("Country Fresh" or the "Company") announced today that its Canadian subsidiaries, Sun Rich Fresh Foods Inc., Tiffany Gate Foods Inc. and TGF Acquisition Parent Ltd. have filed for protection under the Companies' Creditors...

Country Freshtm, a leading fresh-cut fruit, vegetable, and snacking solutions provider, filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court (the "Court") for the Southern District of...

Intelsat S.A. , operator of the world's largest and most advanced satellite fleet and connectivity infrastructure, today announced that it has obtained the support of key creditor constituencies on the terms of a comprehensive financial restructuring...

Superior Energy Services ("Superior" or the "Company") announced today that the Company has successfully completed its financial restructuring and emerged from Chapter 11, implementing the Plan of Reorganization that was confirmed by the U.S....