LOS ANGELES – An Agoura Hills real estate developer was sentenced today to 41 months in federal prison for failing to disclose on a bankruptcy petition that he had earned…
(Reuters) -Drugmaker Mallinckrodt said on Tuesday it has emerged from bankruptcy and reduced its total funded debt by about $1.9 billion. Mallinckrodt, which won court approval for its bankruptcy plan…
One Of The 2010s’ Trendiest Startups Plans To File Bankruptcy: REPORT Will Kessler on October 31, 2023 The once-booming start-up WeWork will file for bankruptcy as early as next week…
By Dietrich Knauth NEW YORK (Reuters) – Prima, a private-equity backed farmer that is the largest producer of peaches and other stone fruit in North America, filed for Chapter 11…
BALTIMORE, MD – The Archdiocese of Baltimore filed for Chapter 11 bankruptcy protection on Friday, a preemptive move ahead of a Maryland state law that would allow survivors of sexual…
NEWARK, NJ – Hundreds of Rite-Aid stores are shutting down including many in New Jersey, New York and Pennsylvania. Rite Aid is currently in negotiations with creditors regarding a bankruptcy…
(Reuters) – Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, the Wall…
Two Rite Aid stores in New Jersey have closed and one more will be shutting down soon as the company contemplates a Chapter 11 bankruptcy filing, which could provide a…
(Reuters) – Ford Motor Chief Executive Jim Farley said Thursday the United Auto Workers union proposal to hike wages by 40%, cut workweeks and add new pension benefits could bankrupt…
TOMS RIVER, NJ – The Toms River Democrats waited until the last minute to announce their full slate of candidates in the November election and today, we’re learning why. A…
By Dietrich Knauth (Reuters) -A U.S. bankruptcy judge on Wednesday approved Party City Holdco’s Chapter 11 bankruptcy plan, which will cancel about $1 billion in company debt and turn all…
(Reuters) – A group of wall street funds which lent cash to WeWork is exploring the possibility of a bankruptcy filing, the Wall Street Journal reported on Thursday citing people…
(Reuters) – Embattled property developer China Evergrande Group said on Friday its application to the U.S. Court for bankruptcy protection is a normal procedure for offshore debt restructuring and does…
(Reuters) – Apollo Global Management is selling off a $500 million term loan given to Yellow Corp and dropping plans to extend financing to fund the freight group’s bankruptcy, the…
(Reuters) -Private jet charter company Wheels Up Experience said on Monday it was considering strategic alternatives, including filing for bankruptcy protection, sending its shares down over 8% in extended trading.…
(Reuters) – Biotech firm Amyris Inc on Wednesday said it has filed for Chapter 11 bankruptcy in a U.S. court and is planning to sell its consumer brands to improve…
(Reuters) -Electric-vehicle parts supplier Proterra filed for Chapter 11 bankruptcy protection on Monday, making it the latest company to go belly up in an industry grappling with supply chain constraints,…
Trucking Giant Files For Bankruptcy After Receiving Over $700 Million In Gov Loans Will Kessler on August 7, 2023 Trucking company Yellow filed for Chapter 11 bankruptcy on Sunday after…
(Reuters) – Trucking firm Yellow is considering a sale of assets and real estate through a bankruptcy filing, which may come as soon as this weekend, Bloomberg News reported on…
(Reuters) – U.S. trucking firm Yellow is preparing to file for bankruptcy, the Wall Street Journal reported on Wednesday, as customers abandon the company amid a cash crunch and union…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt wedding gown retailer David’s Bridal received court approval on Friday to sell its business to asset manager Cion Investment Corp in a…
(Reuters) – U.S. Chapter 11 bankruptcy filings jumped 68% in the first half of 2023 from a year earlier, Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, said on…
(Reuters) – National CineMedia LLC said on Tuesday it would emerge from Chapter 11 on or around August or September as its reorganization plan has been confirmed by the U.S.…
Electric Vehicle Startup Files For Bankruptcy, Sues Investment Partner Will Kessler on June 27, 2023 Electric vehicle startup Lordstown Motors Corp. (LMC) filed for Chapter 11 bankruptcy on Tuesday, blaming…
By Dietrich Knauth (Reuters) – Georgia-Pacific can avoid litigating tens of thousands of asbestos lawsuits while its subsidiary Bestwall remains in bankruptcy, an appeals court ruled Tuesday. In a 2-1…