News

View the latest business news about the world's top companies

Logo
Ruby Tuesday emerges from voluntary chapter 11 restructuring

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 ...

By  Hemanth On  2021-03-25 02:00:00
Logo
Greensill Capital, plunged into financial crises, files for insolvency in U.K. court

Greensill Captial files for insolvency on Monday as the company is facing a major financial crisis and struggling to repay $140 million debt to Credit Suisse. Greensill's attorneys officially appeared...

By  Ishika Dangayach On  2021-03-09 00:29:00
Logo
Greensill Capital plans to file for insolvency this week

Greensill Capital is planning to file for insolvency in the United Kingdom this week, according to The Wall Street Journal, citing sources familiar with the matter. The proposed insolvency filing woul...

By  Ishika Dangayach On  2021-03-04 01:04:00
Logo
Hertz Floats Bankruptcy Exit Led by Investor Group

Hertz [HTZ] Global Holdings Inc. proposed exiting bankruptcy by midyear under the control of new investors, buoyed by an expected rebound in travel and borrower-friendly credit markets. Hertz's restru...

By  Vaishnavi On  2021-03-03 12:18:00
Logo
McKinsey & Company agrees to $573 million settlement over Opioid Crisis

Consultancy giant McKinsey & Company has signed a $573 million settlement over its work encouraging OxyContin manufacturer Purdue Pharma and other drug distributors to vigorously sell opioid painkille...

By  Ishika@10kinfo.com On  2021-02-05 02:47:00
Logo
China's HNA eyes private investors in uphill battle to emerge from bankruptcy

China's embattled HNA Group is looking for private investors to help it emerge from bankruptcy, a person with knowledge of the matter said, but bankers and analysts say restructuring may be challengin...

By  Pavankumar On  2021-02-01 10:54:00
Logo
Cici’s files for bankruptcy as pandemic intensify the decline of All-You-Can-Eat Pizza buffet

CiCi's Holdings Inc. filed for Chapter 11 bankruptcy protection in response to coronavirus pandemic constraints after in-person dining collapsed and food delivery services surged. Meanwhile, the priva...

By  Ishika@10kinfo.com On  2021-01-28 01:19:00
Logo
Belk announces bankruptcy plan but remains under Sycamore’s ownership

Sycamore Partners-owned Belk Inc. department store announced, it would file for bankruptcy with a $450 million deal to slash its debt. The department store chain will remain under Sycamore's ownership...

By  Ishika@10kinfo.com On  2021-01-27 22:09:00
Logo
AMC Theatres raised $917 million to fend off bankruptcy

The world's movie theatres are definitely facing an existential crisis. Every few years, due to various circumstances we hear about the looming "death" of theatres. Yet the pandemic made things harder...

By  Ishika@10kinfo.com On  2021-01-26 00:58:00
Logo
Covia Announces Court Confirmation of its Plan of Reorganization

Covia today announced the United States Bankruptcy Court for the Southern District of Texas, Houston Division, confirmed its Plan of Reorganization. The confirmation order marks a key milestone in the...

By  Hemanth On  2020-12-15 13:08:46
Logo
JC PENNEY CO ANNOUNCES ITS EXIT OF RETAIL AND OPERATING ASSETS FROM CHAPTER 11 AFTER SIMON AND BROOKFIELD DECIDE TO ACQUIRE THESE ASSETS.

J.C. Penney Co Inc announced that its retail and operating assets would exit Chapter 11, as reported by Reuters on Monday, December 7, 2020. This decision is taken as a result of two of Penney Co's bi...

By  Pavankumar On  2020-12-10 09:52:27
Logo
Superior Energy Advances Comprehensive Restructuring Plan as Anticipated with Voluntary Filing of Chapter 11

Superior Energy Services, Inc. (OTCQX: SPNX) ("Superior " or the "Company") announced today that it has advanced its previously announced financial restructuring by commencing voluntary cases under ch...

By  Hemanth On  2020-12-07 12:53:51
Logo
Francesca’s Holdings Corp voluntarily filed for relief under chapter 11 of the Bankruptcy

Francesca's Holdings Corporation (Nasdaq: FRAN) today announced that the Company, along with its subsidiaries, has voluntarily filed for relief under chapter 11 of the Bankruptcy Code in the U.S. Bank...

By  Hemanth On  2020-12-04 12:47:17
Logo
Oasis Petroleum Successfully Completes Financial Restructuring Emerges from Chapter 11 with a Significantly Stronger Balance Sheet.

Oasis Petroleum Inc. ("Oasis Petroleum" or the "Company") today announced that it has successfully completed its financial restructuring and emerged from Chapter 11. Oasis Petroleum has successfully r...

By  Hemanth On  2020-11-20 12:57:22
Logo
General Moly Files Chapter 11 to Pursue Financial and Operational Reorganization

General Moly, Inc. (the "Company") (TSX: GMO), the only western-exchange listed, pure-play molybdenum mineral development company, today announced that the Company and its U.S. subsidiaries filed for ...

By  Hemanth On  2020-11-20 12:53:53
Logo
Pacific Drilling Commences Voluntary Chapter 11 Proceedings Restructuring

Pacific Drilling Commences Voluntary Chapter 11 Proceedings Restructuring Support Agreement to Eliminate All $1.1 Billion of Bond Debt World-wide Operations Expected to Continue as Usual Pacific Drill...

Published On  2020-11-02 13:28:49
Stock View