News by subject: BANKRUPTCY

As previously announced, PG&E Corporation currently expects to pursue underwritten public offerings of common stock and equity units as part of its plan to fund its emergence from Chapter 11, subject to market conditions. The expected $5.75 billion...

Arizona Bankruptcy Judge Paul Sala issued an order declaring that PCT International, Inc. (PCT) is eligible to participate in the U.S. Paycheck Protection Program. SBA had sought to exclude PCT and other companies reorganizing in Chapter 11 from...

Aradigm Corporation ("Aradigm" or the "Company") announced on June 12, 2020, the Bankruptcy Court entered an order confirming the Debtor's Modified Combined Chapter 11 Plan and Disclosure Statement (the "Combined Plan") filed by Aradigm Corporation...

24 Hour Fitness (the "Company"), an industry-leading fitness brand for over 35 years, today announced that, due to the disproportionate impact of the COVID-19 pandemic, the Company has voluntarily filed for relief under Chapter 11 of the U.S....

In connection with its expected emergence from Chapter 11, PG&E Corporation ("PG&E") today announced the selection of a new Board of Directors upon emergence to help guide the company post-bankruptcy. The new Board will consist of 14 members, 11 of...

PCT has filed its reorganization plan in the U.S. Bankruptcy Court. PCT has the full support of its supply chain partners and lenders, allowing it to continue to serve its domestic and international customers. Additional capital contributions from...

PG&E Corporation today announced that it currently expects to pursue underwritten public offerings of common stock and equity units as part of its plan to fund its emergence from Chapter 11, subject to market conditions. The expected $5.75 billion of...

Jason Industries, Inc. ("Jason" or the "Company") today announced that it has entered into a restructuring support agreement (the "Agreement") with certain of its senior secured lenders. The Agreement outlines a comprehensive restructuring plan that...

Comark Holdings Inc. and its subsidiaries ("Comark" or the "Company"), a leading specialty fashion retailer serving customers through its Ricki's, cleo and Bootlegger banners, announced today that they have obtained protection from their creditors...

GenCanna Global USA, Inc. ("GCG" or the "Company") today announced that it has received approval from the United States Bankruptcy Court for the Eastern District of Kentucky to sell substantially all of its assets to funds managed by its long-term...

Pier 1 Imports, Inc. ("Pier 1" or the "Company") today announced that it has received approval from the U.S. Bankruptcy Court for the Eastern District of Virginia for the Company's planned wind-down of operations. Pier 1 intends to initiate store...

Pier 1 Imports, Inc. ("Pier 1" or the "Company") announced that there will be a Bankruptcy Court hearing today, May 29, 2020 at 11:00 AM Eastern Time to seek approval for the Company's planned wind-down of operations. Interested parties may access...

Today, the California Public Utilities Commission (CPUC) approved the Chapter 11 Plan of Reorganization (the Plan) of PG&E Corporation and Pacific Gas and Electric Company (together, PG&E). The CPUC approval in its Plan of Reorganization Order...

ENTREC Corporation ("ENTREC" or the "Company") has announced that it has obtained an order (the "Stay Extension Order") from the Court of Queen's Bench of Alberta (the "Court") in support of its restructuring efforts under the Companies' Creditors...

PG&E Corporation announced today the final voting results on PG&E Corporation and Pacific Gas and Electric Company's joint Chapter 11 Plan of Reorganization (the "Plan") as certified by Prime Clerk, PG&E's court-authorized solicitation and balloting...

Centric Brands Inc. (the "Company") , a leading lifestyle brands collective, announced today that on May 18, 2020, it received notification from The Nasdaq Stock Market LLC ("Nasdaq"), that due to the Company's voluntary filing under Chapter 11 of...

Faraday Future (FF), a California-based global intelligent mobility company, today announced that the United States Bankruptcy Court for the Central District of California entered an order officially on May 21st confirming the chapter 11...

Green Growth Brands Inc. announced today that it and certain of its direct and indirect wholly owned subsidiaries (collectively "GGB", the "Company" or the "Applicants") have filed for insolvency protection under the Companies' Creditors...

NOTICE IS HEREBY GIVEN that William A. Brandt, Jr. of Development Specialists, Inc. ("DSI"), as chapter 11 Trustee of San Luis & Rio Grande Railroad, Inc. ("SLRG") is selling SLRG's 100% Membership Interest in its wholly-owned subsidiary...

Marquee Brands LLC, a leading global brand owner, marketing and media company, announced today that it will take back the BCBGMAXAZRIA and BCBGeneration licenses from Centric Brands following their bankruptcy filing. Marquee Brands will continue...

PG&E Corporation announced today the preliminary voting results on PG&E Corporation and Pacific Gas and Electric Company's joint Plan of Reorganization (the "Plan"), which indicate overwhelming acceptance of the Plan by the wildfire victims entitled...

Centric Brands Inc. (the "Company") , a leading lifestyle brands collective, announced today that it has entered into a Restructuring Support Agreement ("RSA" or the "agreement") with substantially all of the Company's secured lenders, led by certain...

J. C. Penney Company, Inc. today announced that it has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, TX (the "Court") for the "First Day" motions related to the Company's voluntary Chapter...

Foresight Energy LP ("Foresight" or the "Partnership") today reported financial and operating results for the first quarter ended March 31, 2020. Foresight generated quarterly coal sales revenues of $99.1 million on sales volumes of 3.2 million...

Second paragraph, third sentence now reads: During the restructuring, SRH plans to launch a process with the goal of finding new capital and best position the Company for long-term success. The corrected release reads: SUSTAINABLE RESTAURANT...

Creative Hairdressers, Inc., a leading operator of salon brands including Hair Cuttery, BUBBLES and Salon Cielo, announced that is has received approval from the United States Bankruptcy Court for the District of Maryland for certain bidding...

Stage Stores, Inc. ("Stage" or the "Company") today announced that the Company has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The Company will...

PG&E Corporation and Pacific Gas and Electric Company (together, "PG&E") are sharing a reminder that the deadline for eligible parties to vote on PG&E's Chapter 11 Plan of Reorganization (the "Plan") is in one week. All ballots must be received by...

John Varvatos Enterprises, Inc. ("John Varvatos Enterprises" or "the company"), the owner of the globally recognized luxury menswear brands John Varvatos Collection and John Varvatos Star USA, today announced it has reached agreements with an...

PG&E Corporation and Pacific Gas and Electric Company (together, "PG&E") are sharing a reminder that the deadline for eligible parties to vote on PG&E's Chapter 11 Plan of Reorganization (the "Plan") is in two weeks. All ballots must be received by...

Whiting Petroleum Corporation and certain subsidiaries (collectively, "Whiting" or the "Company") today announced that they have entered into a restructuring support agreement (the "RSA") with certain holders (the "Supporting Noteholders") of its...

Creative Hairdressers, Inc., a leading operator of salon brands including Hair Cuttery, BUBBLES and Salon Cielo, today announced an agreement to sell its assets to HC Salon Holdings, Inc., an affiliate of Tacit Salon Holdings, LLC, along with a plan...

Whiting Petroleum Corporation announced today that on April 14, 2020, it received a notice from the New York Stock Exchange ("NYSE") that the Company's common stock is not in compliance with the NYSE's continued listing standard that requires the...

Commercial-stage antibiotics company Melinta Therapeutics ("Melinta") and healthcare investment firm Deerfield Management Company, L.P. ("Deerfield"), announced today that Melinta has successfully completed its financial restructuring and has emerged...

Frontier Communications Corporation ("Frontier" or the "Company") today announced that it has received approvals on an interim basis from the U.S. Bankruptcy Court for the Southern District of New York for the "First Day" motions related to the...

Global Cloud Xchange ("GCX" or the "Company") today announced that its non-regulated businesses, representing a vast majority of the global network and operations, have successfully emerged from the Chapter 11 process. The regulated businesses are...

LSC Communications, Inc. ("LSC" or the "Company") today announced that the Company, along with most of its U.S. subsidiaries, has voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court...

PG&E Corporation and Pacific Gas and Electric Company (together, "PG&E") have sent voting materials to approximately 250,000 parties entitled to vote on PG&E's Chapter 11 Plan of Reorganization (the "Plan"). Eligible voting parties include fire...

PG&E Corporation and Pacific Gas and Electric Company (together, "PG&E") today shared the following statements of continued support for its settlement agreement with wildfire victims and the company's Plan of Reorganization ("the Plan"). PG&E's Plan...

Quorum Health Corporation (the "Company") today announced that it has entered into a Restructuring Support Agreement (the "RSA") with a majority of its term loan lenders and noteholders on a "pre-packaged" plan to recapitalize the business and...

Dean Foods Company ("Dean Foods" or the "Company") today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the "Court") has approved the sale, subject to entry of final agreed orders, of a substantial portion of Dean Foods'...

Whiting Petroleum Corporation and certain subsidiaries (collectively, "Whiting" or the "Company") today announced that they had commenced voluntary Chapter 11 cases under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the...

Dean Foods Company ("Dean Foods" or the "Company") today announced that, following a comprehensive sale process and a competitive auction as part of its Chapter 11 process, Dairy Farmers of America ("DFA") has been named the winning bidder to acquire...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on April 2, 2020 to holders of allowed claims against LBHI and its various affiliated Debtors...

Faraday Future (FF), a California-based global intelligent mobility company, today announced that Yueting Jia (YT), the Founder and CPUO of Faraday Future (FF), has achieved very positive results at the hearing held by the United States Bankruptcy...

PG&E Corporation and Pacific Gas and Electric Company (together, "PG&E" or the "company") announced that the company filed today a motion with the Bankruptcy Court outlining new commitments to its Plan of Reorganization ("Plan"). The Governor's...

Windstream announced on Monday, March 9 that it entered into an amendment to its previously announced Plan Support Agreement (the "Amended PSA") expanding the scope of participants who may participate in the "priority" tranche of the rights offering...

Modell's Sporting Goods ("Modell's" or the "Company"), America's oldest family owned and operated retailer of sporting goods, athletic footwear, active apparel and fan gear, today announced that the Company has voluntarily filed for relief under...

Windstream announced Monday, March 9 that it entered into an amendment to its previously announced Plan Support Agreement (the "Amended PSA") expanding the scope of participants who may participate in the "priority" tranche of the rights offering by...

On March 10, 2020, Foresight Energy LP, and its general partner Foresight Energy GP LLC (together, "Foresight Energy" or the "Partnership") , announced that Foresight Energy and all of its subsidiaries entered into a Restructuring Support Agreement...