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Evergrande disposes Tencent-backed streaming firm’s shares

• Evergrande is selling its entire stake in a film and television streaming company for $273 million • It will offload its entire 18% stake in online video-streaming and Internet home services company...

By  Yashasvini On  2021-11-18 23:02:00
Boy Scouts ask court approval for $850 million deal to emerge from bankruptcy

Attorneys for the Boys Scouts of America have asked a Delaware court to accept an $850 million deal that forms the basis of the organization's plan to emerge from bankruptcy. The judge scheduled a hea...

By  Ishika Dangayach On  2021-08-13 21:56:00
Purdue Pharma exit plan gains steam with OK from more states

  OxyContin maker Purdue Pharma's plan to reorganize into a new entity that helps combat the U.S. opioid epidemic got a big boost as 15 states that had previously opposed the new business model now su...

By  Kathi On  2021-07-08 08:41:00
Hertz Global Holdings announced that the Bankruptcy Court confirmed the Company's Plan of Reorganization

Hertz Global Holdings, Inc. [HTZGQ] today announced that the Bankruptcy Court confirmed the Company's Plan of Reorganization (the "Plan"). The Plan unimpairs allclasses of creditors (who are legally d...

By  Hemanth On  2021-06-20 10:19:00
Jewelry retailer Alex and Ani files for chapter 11 bankruptcy

Jewelry maker Alex and Ani LLC, which operates dozens of stores, filed for Chapter 11 bankruptcy protection Wednesday. The Rhode Island-based jewelery company sells wares like charm bracelets and neck...

By  Reshma On  2021-06-10 10:26:00
SoftBank throws final cash infusion to bankrupt startup Katerra

After pouring more than $2.1 billion into now-busted Katerra Inc., SoftBank Group Corp.[SFBQF] is giving the construction startup one final cash infusion. SoftBank is offering Katerra a $35 million lo...

By  Reshma On  2021-06-08 10:08:00
Hertz gets court approval for Bankruptcy deal with top bidders Knighthead and Certares

Hertz Global Holdings Inc. won bankruptcy-court approval to hand control of the rental-car company to Knighthead Capital Management LLC, Certares Management LLC and other investors that won a bidding ...

By  Pavankumar On  2021-05-16 09:37:00
Hertz Global Holdings proposes a shareholders payout in its Chapter 11 bankruptcy exit plan

Hertz Global Holdings Inc [HTZ] announced its decision that it has agreed to provide some value to equity holders when it leaves chapter 11. This vindicated the individual traders who have insisted th...

By  Pavankumar On  2021-04-22 19:25:00
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
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
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
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
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 On  2021-02-05 02:47:00
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
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 On  2021-01-28 01:19:00
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 On  2021-01-27 22:09:00
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 On  2021-01-26 00:58:00
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

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
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
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