News by subject: BANKRUPTCY

Windstream today announced that it has 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...

Bluestem Brands, Inc. (Bluestem), along with its subsidiaries and affiliates, announced today that it has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware....

Bluestem Group Inc. (the "Company" or "BGI"), today announced that Bluestem Brands, Inc., an indirect, wholly owned subsidiary of the Company, together with certain of its affiliates (collectively, "BBI"), has filed voluntary petitions for relief...

Windstream today announced that it has entered into a Plan Support Agreement (the "PSA") with its first lien creditors regarding the main terms of a comprehensive financial restructuring. The company also announced it has reached a settlement...

Cosi, Inc., the fast casual restaurant company that was founded in 1998 and which operates in multiple states and abroad through both company and franchised locations, commenced a restructuring of its operations by closing thirty of its stores in...

PCT International, Inc., a former customer of EZconn Corporation with whom EZconn has done no business since March 2014, recently issued a press release concerning the status of PCT's bankruptcy case, in which EZconn is a creditor. Although EZconn...

Pier 1 Imports, Inc. ("Pier 1" or the "Company") today announced that it has entered into a Plan Support Agreement (the "PSA") with a majority of its term loan lenders and is pursuing a sale of the Company. To facilitate an orderly sale process and...

CoStar Group, Inc. the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has signed an agreement to acquire RentPath's business for $588 million in cash, in connection with RentPath's...

GenCanna Global USA, Inc. ("GenCanna" or the "Company") announced today it has filed a petition for voluntary Chapter 11 reorganization with the U.S. Bankruptcy Court in the Eastern District of Kentucky (the "Court"). The filing will allow GenCanna...

The U.S. Bankruptcy Court has granted motions filed by PCT International, Inc. to permit continued business operations of the company while it reorganizes in a Chapter 11 case. In granting PCT's "First Day" motions, the Court has rejected objections...

PG&E Corporation and Pacific Gas and Electric Company (together, "PG&E" or the "company") today submitted regulatory and court filings outlining the key elements of the company's updated Chapter 11 Plan of Reorganization. PG&E submitted testimony in...

PG&E Corporation announced today that it has entered into joinder agreements with additional holders of Utility senior notes for the Restructuring Support Agreement with Utility noteholders that was announced last week (the "Noteholder RSA"). With...

American Blue Ribbon Holdings, LLC (the "Company") reported it had filed a petition for voluntary Chapter 11 reorganization today with the U.S. Bankruptcy Court of Delaware. Once approved by the Court, this filing will allow the Company to continue...

DBMP LLC, an affiliate of CertainTeed LLC, based in North Carolina that holds the legacy asbestos liabilities of the former CertainTeed Corporation, today announced that it has filed a voluntary petition for Chapter 11 relief in the U.S. Bankruptcy...

PG&E Corporation and Pacific Gas and Electric Company (the "Utility"; together, "PG&E") have reached an agreement with all claim holders (the "Consenting Noteholders") who executed commitment letters in support of the alternative Chapter 11 Plan of...

Payless ShoeSource announces it has emerged from Voluntary Chapter 11 Protection, which was filed in February 2019. The iconic retailer has appointed a new executive management team and is poised to unveil its new strategy in 2020. The new team is...

Gordon Brothers, the global advisory, restructuring, and investment firm, announced today recent changes to its Valuation Division's senior management structure. Managing Director Alex Sutton will add the designation of Head of Research to his...

Arsenal Resources announced today that its pre-packaged plan of reorganization was confirmed on December 19, 2019. The Company expects the plan to become effective in the first week of January 2020. As previously announced, the plan implements a...

CellCube Energy Storage Systems Inc. (the "Company") , a company focused on the energy storage industry, announces that its wholly owned subsidiary, Enercube Switchgear Systems Inc. located in Edmonton, Alberta, has filed for Bankruptcy effective...

Dean Foods Company ("Dean Foods" or the "Company") today announced that the U.S. Bankruptcy Court for the Southern District of Texas has entered a final order granting the Company authority to access the full amount of its $850 million in...

BELGRAVIA HARTFORD CAPITAL INC. (formerly, Belgravia Capital International Inc.) (d/b/a Belgravia Hartford) ("Belgravia Hartford". "Belgravia" or the "Company") today announce a corporate update. Zonetail Inc. Application for Bankruptcy Order In...

Today, PG&E Corporation and Pacific Gas and Electric Company (together "PG&E") are sharing an important reminder that the Bankruptcy Court-approved deadline for unfiled, non-governmental fire claimants to file claims against PG&E is December 31,...

Global Cloud Xchange ("GCX" or the "Company") today announced that the United States Bankruptcy Court for the District of Delaware has confirmed the Company's Plan of Reorganization (the "Plan"), clearing the way for GCX to successfully complete its...

Destination Maternity Corporation ("Destination Maternity" or the "Company"), the premier national retailer for maternity apparel and accessories, filed on November 29, 2019 a motion to approve the selection of Marquee Brands, LLC ("Marquee Brands")...

Bumble Bee Foods, one of North America's largest branded shelf-stable seafood companies, announced today that it has entered into an asset purchase agreement with affiliates of FCF Co., Ltd., which has agreed to acquire the company's assets for...

DURA Automotive Systems, LLC ("DURA" or the "Company"), a leading global automotive supplier specializing in the design, engineering, and manufacturing of automotive mobility products, including parts and systems to support the industry's shift to...

Approach Resources Inc. announced today that it, along with all of its subsidiaries, has commenced a voluntary Chapter 11 case in the United States Bankruptcy Court for the Southern District of Texas (Houston Division) to explore strategic...

Friendly's® Restaurants has issued the following statement about the Dean Foods bankruptcy filing: "FIC Restaurants, Inc., which owns and operates Friendly's restaurants, is an entirely separate entity apart from Dean Foods. They do not share...

Nuvectra Corporation ("Nuvectra" or the "Company"), a neurostimulation medical device company, today announced that it has elected to file a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in the U.S....

Today, PG&E Corporation and Pacific Gas and Electric Company (together "PG&E") are sharing that the Bankruptcy Court-approved deadline for fire claimants to file claims against PG&E has been extended to December 31 at 5:00 p.m. (Pacific Time). The...

Trakopolis IoT Corp. ("Trakopolis" or the "Company") announces that on November 7, 2019 it has proactively filed a Notice of Intention to Make a Proposal ("Notice of Intention") pursuant to the provisions of Part III of the Bankruptcy and Insolvency...

Global Cloud Xchange ("GCX" or the "Company") today announced that, after completing the initial phase of its previously announced sale process, the Company has decided that the best way to maximize value and position its businesses for long-term...

On October 29, 2019, Murray Energy Holdings Co. ("Murray Energy" or the "Company") announced that Murray Energy and certain of its subsidiaries entered into a Restructuring Support Agreement (the "RSA") with an ad hoc lender group (the "Ad Hoc Lender...

Stearns Holdings, LLC ("Stearns" or the "Company"), the parent company of Stearns Lending, LLC, a leading provider of residential mortgage lending services in Wholesale, Retail and Strategic Alliances sectors, today announced that the U.S. Bankruptcy...

Destination Maternity Corporation ("Destination Maternity" or the "Company"), the premier national retailer for maternity apparel and accessories, today announced that it and certain of its subsidiaries have filed voluntary petitions to restructure...

DURA Automotive Systems, LLC ("DURA" or the "Company"), a leading global automotive supplier specializing in the design, engineering, and manufacturing of automotive mobility products, including parts and systems to support the industry's shift to...

LBI Media, Inc. (with its affiliates, "LBI" or the "Company") today announced it has successfully completed its court-approved reorganization plan and emerged from the Chapter 11 process today, positioned for long-term growth and success. With...

Agera Energy and its affiliates have filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court, Southern District of New York and is facilitating an asset sale to Constellation, a subsidiary of Exelon Corporation , subject to...

Forever 21, Inc., (the "Company") today announced that it and its U.S. subsidiaries have commenced voluntary chapter 11 cases in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The Company also announced that...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on October 3, 2019 to holders of allowed claims against LBHI and its various affiliated Debtors...

"Like families across America, we have deep compassion for the victims of the opioid crisis and believe the settlement framework?now supported by the attorneys general of 29 states and territories and the plaintiffs' steering committee representing...

Purdue Pharma L.P. today announced that it has reached an agreement in principle on a framework for settling the U.S. opioid litigation facing the Company with 24 state attorneys general, analogous officials from 5 U.S. territories, the Plaintiffs'...

Today, the Ad Hoc Subrogation Group announced an agreement in principle with PG&E Corporation and Pacific Gas and Electric (together, "PG&E") in connection with PG&E's ongoing chapter 11 bankruptcy case. The following is the group's statement: "The...

BELGRAVIA CAPITAL INTERNATIONAL INC. ("Belgravia" or the "Company") is pleased to provide a corporate update. Key Highlights Q2 Financial Statements Financial statements for the six-month period ended June 30, 2019 were filed on August 23, 2019....

PG&E Corporation and Pacific Gas and Electric Company (together "PG&E") today filed a joint Chapter 11 Plan of Reorganization (the "Plan") in the United States Bankruptcy Court for the Northern District of California (the...

RAIT Financial Trust ("RAIT") today announced that it has into entered into an Equity and Asset Purchase Agreement (the "Purchase Agreement") to sell substantially all of its assets to an entity owned by funds managed by affiliates of Fortress...

AVENUE Stores, LLC together and its affiliates ("AVENUE®", or "the Company"), the retailer of the AVENUE® brand of women's plus-size fashion apparel, footwear and accessories, today announced that the Company voluntarily filed for relief under...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on July 18, 2019 to holders of allowed claims against LBHI and its various affiliated Debtors...

PG&E Corporation and Pacific Gas and Electric Company (the "Utility") today shared that the companies have commenced a broad, public noticing process to inform known and unknown creditors of the deadline and process for filing claims ahead of the...

Stearns Holdings, LLC ("Stearns" or the "Company"), the parent company of Stearns Lending, LLC, a leading provider of residential mortgage lending services in Wholesale, Retail and Strategic Alliances sectors, today announced that it has reached an...