News by subject: BANKRUPTCY

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...

NPC International, Inc. ("NPC" or the "Company") announced today that it has achieved approval from the U.S. Bankruptcy Court for the Southern District of Texas (the "Court") on its Second Amended Joint Chapter 11 Plan (the "Plan"). The Plan is...

Zargon Oil & Gas Ltd. ("Zargon" or the "Corporation") announces that it has completed certain transactions contemplated by a Bankruptcy and Insolvency Act (Canada) proposal (the "Proposal") filed by Zargon, Zargon Oil & Gas Partnership ("Zargon...

Nabis Holdings Inc. (FRA: A2PL) ("Nabis" or the "Company") today announced that it has completed its previously announced proposal (the "Proposal") under the Bankruptcy and Insolvency Act (Canada), pursuant to which the Company implemented a...

NEO is pleased to announce it has granted final approval to Routemaster Capital Inc. ("Routemaster" or the "Company"), a Canadian decentralized finance company, to graduate to the NEO Exchange following a voluntary delisting from the TSX Venture...

Superior Energy Services ("Superior" or the "Company") announced today that the U.S. Bankruptcy Court for the Southern District of Texas confirmed its Plan of Reorganization, whereby the Company's $1.3 billion in debt would be converted into equity...

Frontier Communications Corporation ("Frontier Communications") announced today that it has secured approval from the Federal Communications Commission (FCC) for its Chapter 11 restructuring. Frontier now has regulatory approvals, or favorable...

Christopher & Banks Corporation , a specialty women's apparel retailer, today announced that it has filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (the...

EZconn Corporation recently defeated a patent challenge brought by PCT International, Inc., a former customer with whom EZconn has done no business since March 2014. In an April 2019 press release, PCT noted that it had filed an action with the...

Garrett Motion Inc. ("Garrett" or the "Company") today announced it has selected an enhanced proposal from a consortium of stockholders led by Centerbridge Partners, L.P. ("Centerbridge") and funds managed by Oaktree Capital Management, L.P....

Global Cloud Xchange ("GCX" or the "Company") today announced that effective 31 December 2020, the Company's remaining U.S. regulated businesses and non-U.S. entities have successfully emerged from the Chapter 11 bankruptcy process following receipt...

Pacific Drilling S.A. (the "Company") announced today that the Company and each of its debtor affiliates have emerged from the Chapter 11 process, signaling the successful completion of the Company's balance-sheet restructuring and the implementation...

24 Hour Fitness (the "Company"), a fitness industry leader for over 35 years, today announced its emergence from chapter 11 protection. The Company has successfully completed its financial restructuring process and has implemented the plan of...

Gordon Brothers (through its Canadian division, Gordon Brothers Canada ULC) and Hilco Global (through its Canadian division, Merchant Retail Solutions, ULC) (collectively, the "JV Group") announced the start of going-out-of-business sales at all Le...

Pacific Drilling S.A. announced today that the United States Bankruptcy Court for the Southern District of Texas confirmed the First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of...

Guitar Center, Inc. ("Guitar Center") today announced that it has emerged from bankruptcy following the successful consummation of its plan of reorganization (the "Plan") under chapter 11 of the U.S. Bankruptcy Code. The Plan, which was confirmed on...

The U.S. Bankruptcy Court for the District of Delaware late yesterday confirmed the plan of reorganization (the "Plan") for 24 Hour Fitness (the "Company"), a fitness industry leader for over 35 years. With this confirmation of the plan, 24 Hour...

Guitar Center, Inc. ("Guitar Center" or the "Company"), the world's leading musical instrument retailer, announced today that the United States Bankruptcy Court for the Eastern District of Virginia has confirmed the Company's Plan of Reorganization...

Pacific Drilling S.A. announced today the final voting results on the First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the "Plan"). The voting results...

Guitar Center, Inc. (the "Company") today announced that its indirect wholly owned subsidiary Guitar Center Escrow Issuer II, Inc. (the "Issuer") has priced $350 million in aggregate principal amount of 8.500% senior secured notes due 2026 at an...

JCPenney today announced that it has completed its previously announced sale, under which Simon Property Group ("Simon") and Brookfield Asset Management, Inc. ("Brookfield") have acquired substantially all of JCPenney's retail and operating assets...

Guitar Center, Inc. (the "Company") today announced that its indirect wholly owned subsidiary Guitar Center Escrow Issuer II, Inc. (the "Issuer") intends to offer, subject to market conditions and other considerations, $335 million in aggregate...

Superior Energy Services ("Superior" or the "Company") announced today that it has advanced its previously announced financial restructuring by commencing voluntary cases under chapter 11 of the U.S. Bankruptcy Code before the U.S. Bankruptcy Court...

Lonestar Resources US Inc. (the "Company" or "Lonestar") today announced that effective November 30, 2020, the Company has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, having satisfied all of the...

J. C. Penney Company, Inc. today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Company's Plan of Reorganization (the "Plan") to create separate property holding companies ("PropCos")...

California Pizza Kitchen ("CPK") today announced that it has successfully completed its financial restructuring process and emerged from Chapter 11, well positioned for long-term growth. As part of its financial restructuring, CPK completed a...

Feronia Inc. ("Feronia" or the "Company") announces that it has closed its previously announced third party sale and restructuring transaction. As previously reported, the Company initiated debtor in possession insolvency proceedings under the...

Williams today announced that it has reached a global resolution with Chesapeake as part of Chesapeake's Chapter 11 bankruptcy restructuring process. "Williams has strategically invested in large-scale and essential infrastructure necessary to...

Guitar Center, Inc. (the "Company"), the world's leading musical instrument retailer, announced today that it has taken the next step in implementing its financial restructuring plan (the "Plan") by filing voluntary petitions for reorganization...

iQor ("the Company"), a managed services provider of customer engagement and technology-enabled BPO solutions, announced today that the Company and each of its U.S. subsidiaries have emerged from Chapter 11 bankruptcy, signaling the completion of the...

FTS International, Inc. ("FTSI" or the "Company") today announced that it has successfully completed its fully consensual financial restructuring and has emerged from Chapter 11. Michael Doss, Chief Executive Officer, commented, "Today is an...

The Fire Victim Trust (FVT) would like to thank California Insurance Commissioner Ricardo Lara for responding to the FVT by formally requesting that Insurance Companies extend the time to allow Fire Victims to receive additional policy benefits...

Pacific Drilling S.A. announced today that it is commencing solicitation of votes on its proposed prearranged chapter 11 plan of reorganization. On November 10, the United States Bankruptcy Court for the Southern District of Texas?Houston Division...

NPC International, Inc. ("NPC" or the "Company") announced today that it has entered into a stalking horse asset purchase agreement (the "APA") with Flynn Restaurant Group LP through certain of its subsidiaries ("Flynn") and will seek approval of...

FTS International, Inc. ("FTSI" or the "Company"), today announced that the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division has confirmed its Prepackaged Plan of Reorganization (the "Confirmed Plan"). Under the terms of...

Pacific Drilling S.A. announced today that it has received notice from the New York Stock Exchange ("NYSE"), that as a result of the filing of its voluntary petition for reorganization (the "Plan of Reorganization") under Chapter 11 of the...

NGL Energy Partners LP (the "Partnership" "We" or "NGL") provides this update on certain bankruptcy proceedings related to a customer of its FERC regulated subsidiary Grand Mesa Pipeline, LLC ("Grand Mesa"). Extraction Oil & Gas, Inc. ("Extraction")...

CBL Properties today announced that CBL & Associates Properties, Inc., CBL & Associates Limited Partnership (the "Operating Partnership"), and certain other related entities have filed voluntary petitions for reorganization under Chapter 11 of the...

FIC Restaurants, Inc., the restaurant company operating under the iconic brand name Friendly's Restaurants ("Friendly's" or the "Company"), announced an agreement to sell substantially all of its assets to Amici Partners Group, LLC ("Amici"), an...

Pacific Drilling S.A. announced today that it and certain of its domestic and international subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the...

The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, issued a ruling today confirming California Pizza Kitchen ("CPK")'s Chapter 11 plan of reorganization. The consensual plan of reorganization is the culmination of months...

Shiloh Industries, Inc. (the "Company" or "Shiloh"), an environmentally focused global supplier of lightweighting, noise and vibration solutions, has completed the marketing process approved by the U.S. Bankruptcy Court for the District of Delaware...

J. C. Penney Company, Inc. today announced that it has entered into an asset purchase agreement ("APA") with Brookfield Asset Management, Inc ("Brookfield"), Simon Property Group ("Simon") and a majority of the Company's DIP and First Lien Lenders...

California Resources Corporation ("CRC" or the "Company") announced that it will today complete its financial restructuring and emerge from the bankruptcy process with a significantly stronger balance sheet. CRC's Joint Plan of Reorganization...

Garrett Motion Inc.?("Garrett") today announced that on Friday, October 23, 2020, it secured Court approval of bidding procedures for a competitive process to either sell the business of Garrett or raise equity capital for a stand-alone plan of...

The RENN Fund, Inc. (the "Fund") announced that it recently received proceeds of $181,735.77 from the bankruptcy case involving Petrohunter Energy Corporation ("Petrohunter"), a position in the Fund that has been valued at zero ($nil) since the...

J. C. Penney Company, Inc. today announced that it has filed a draft asset purchase agreement ("APA"), which tracks the terms of the previously announced letter of intent, to sell JCPenney. All parties are working to conclude negotiations and intend...

Iconic apparel brand True Religion successfully emerged from chapter 11 bankruptcy on October 19, 2020, under a court-approved plan of reorganization that significantly reduced the Company's debt and provides the Company with liquidity to execute...

Garrett Motion Inc. ("Garrett") today announced that it has received an improved stalking horse bid from KPS Capital Partners, LP ("KPS") with respect to a potential purchase of its business. The Company is continuing with its competitive bidding...

Jagged Peak Inc., a major U.S. distributor for the popular Nespresso brand, keeps the coffee flowing following its emergence from bankruptcy. Jagged Peak's national fulfillment business and cutting edge order management platform were sold in an...