FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / ...

ABL Advisor Search Results

News Stories (527 Results) - Bankruptcy

Sears Canada Inc. announced that a joint venture group formed among Hilco Global (through its Canadian division, Merchant Retail Solutions, ULC), Gordon Brothers, Tiger Capital Group and Great American Group, began operating liquidation sales on... Read Story

July 24, 2017, 08:00 AM

Global firms providing distressed debt and bankruptcy restructuring services completed deals valued at $105.9 billion during the first half of 2017, a 28% increase over the same period last year, according to data from Thomson Reuters published by... Read Story

July 18, 2017, 08:01 AM

Georgia-based flooring firm Beaulieu Group LLC, doing business as Beaulieu Group LLC, announced that it has commenced a formal proceeding to restructure its balance sheet by filing voluntary petitions under Chapter 11 in the United States Bankruptcy... Read Story

July 18, 2017, 07:38 AM

BankruptcyData released its Q2 2017 Business Bankruptcy Filings Report, which indicates that the Retail, Services and Finance/Insurance/Real Estate sectors increased their percentages of overall business bankruptcies during Q2 2017, compared to the... Read Story

July 14, 2017, 08:01 AM

The Gymboree Corporation announced that, following a comprehensive evaluation of its retail footprint as part of its previously announced court-supervised financial restructuring, the Company intends to close approximately 350 stores, mainly across... Read Story

July 13, 2017, 07:41 AM

Total commercial chapter 11 bankruptcies for the month of June 2017 were 581, representing a 16 percent increase from the 502 commercial chapter 11 filings in June 2016, according to data provided to the American Bankruptcy Institute by Epiq Systems... Read Story

July 07, 2017, 07:10 AM

Ongoing distress in the retail sector claimed another casualty this week, with True Religion Brand Jeans filing for creditor protection under Chapter 11 in the U.S. bankruptcy court in the District of Delaware. In a court filingthe company stated... Read Story

July 05, 2017, 08:07 AM

A bankruptcy court in New York has approved an agreement between BCBG Max Azria Group, LLC for the sale of substantially all the assets of the company through a Chapter 11 plan to Marquee Brands LLC and Global Brands Group Holding Limited. According... Read Story

June 28, 2017, 07:23 AM

Takata, the company linked to 11 deaths in the U.S. resulting from exploding airbags, has filed for bankruptcy and civil rehabilitation, and will sell substantially all of its global assets to Michigan-based Key Safety Systems for $1.588 Billion... Read Story

June 26, 2017, 08:00 AM

Sears Canada Inc. and certain of its subsidiaries have been granted an order from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act (CCAA).Among other things, the Initial Order provides for a stay of proceedings in... Read Story

June 23, 2017, 08:00 AM

As the industry continues to struggle, the number of retailers filing for bankruptcy keeps growing, and 2017 could end up with the highest number of retail bankruptcies ever. That's the assessment of a new report from BankruptcyData.com that compiles... Read Story

June 22, 2017, 07:30 AM

Soupman, Inc., a producer and marketer of high-quality branded soups bearing the name "Original Soupman" announced that it has filed for Chapter 11 bankruptcy protection.SM also announced it has secured a new $2 million debtor-in-possession credit... Read Story

June 14, 2017, 07:59 AM

SSG Capital Advisors, LLC acted as the investment banker to Prestige Industries, LLC in the sale of substantially all of its assets to an affiliate of Sunrise Capital Partners. The sale was effectuated through a Chapter 11 Section 363 process in the... Read Story

June 14, 2017, 07:13 AM

The Gymboree Corporation announced that it has signed a Restructuring Support Agreement with a majority of its Term Loan Lenders, securing critical stakeholder support for a comprehensive financial restructuring and recapitalization of the company... Read Story

June 12, 2017, 07:15 AM

Rosenthal & Rosenthal, Inc., a factoring, asset based lending and purchase order financing firm, announced its role in the recent completion of a complex restructuring and sale of Prestige Industries, a leading provider of commercial laundry and... Read Story

June 08, 2017, 07:10 AM

Ignite Restaurant Group, owner of the Joe’s Crab Shack and Brick House Tavern + Tap brands, announced that it has entered into an agreement with an affiliate of Kelly Companies, a San Diego based private equity firm, pursuant to which it would sell... Read Story

June 07, 2017, 07:19 AM

SSG Capital Advisors, LLC acted as the investment banker to Verengo, Inc in the sale of substantially all of its assets to an affiliate of Crius Energy, LLC. The sale was effectuated through a Chapter 11 plan, which was approved by the U.S.... Read Story

June 07, 2017, 07:17 AM

Total U.S. bankruptcy filings increased 5 percent in May 2017 over May of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 69,668 in May 2017, up from the May 2016 total of 66,138. The 66,096 consumer bankruptcy... Read Story

June 06, 2017, 07:22 AM

21st Century Oncology Holdings, Inc., a global provider of integrated cancer care services, announced that it has reached an agreement in principle with its senior lenders and bondholders on the terms of a comprehensive debt restructuring that is... Read Story

May 26, 2017, 07:45 AM

SSG Capital Advisors, LLC acted as the investment banker to United Road Towing, Inc. in the sale of substantially all of its assets to an affiliate of Medley Capital Corporation. The sale was effectuated through a Chapter 11 Section 363 process in... Read Story

May 23, 2017, 07:26 AM

HTC Global Ventures emerged as the winning bidder in the bankruptcy sale of Ciber, Inc. and its subsidiaries Ciber International LLC and Ciber Consulting, Inc., outbidding a $50 million offer from "stalking horse" bidder Capgemini, according to a... Read Story

May 22, 2017, 07:30 AM

Tidewater Inc. announced that it and certain of its subsidiaries have filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware to pursue a prepackaged plan of... Read Story

May 18, 2017, 07:17 AM

Following a spate of store closures last month, teen specialty retailer rue21, Inc. announced it has filed a voluntary petition for reorganization under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Western District of... Read Story

May 16, 2017, 07:31 AM

2017's first quarter was grim for retailers, as bankruptcy filings continued to escalate, with no sign of decreasing in the foreseeable future, proving the "Amazon Effect" is not a fluke. Energy industry filings are expected to continue in the second... Read Story

May 12, 2017, 07:38 AM

Inventory liquidation sales are now under way at all Gander Mountain store locations – offering shoppers deep discounts on top brand-name outdoor gear. The nationwide sale is being conducted by a joint venture consortium consisting of Tiger Capital... Read Story

May 08, 2017, 07:07 AM

MidCap Financial announced it has provided a $150 million senior credit facility to Erickson Incorporated, a global provider of aviation services. The credit facility supports Erickson’s emergence from Chapter 11 bankruptcy and will provide ongoing... Read Story

May 08, 2017, 07:04 AM

Total U.S. bankruptcy filings fell nearly 4 percent in April 2017 from the same period in 2016, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 67,670 in April, down 3.96 percent from the 70,457 filings reported in April... Read Story

May 05, 2017, 07:20 AM

Central Grocers, Inc. announced that the company and all of its subsidiaries have voluntarily elected to file for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The company intends to use... Read Story

May 05, 2017, 07:14 AM

Adeptus Health Inc. announced that it has collaborated with Deerfield Management Company and certain of its other creditors on the terms of a comprehensive financial restructuring plan that is expected to significantly reduce the outstanding debt... Read Story

April 21, 2017, 07:00 AM

ABL Advisor Exclusive: Distress in the brick and mortar sector led to a surge in retail bankruptcies in the first three months of 2017, with retailers accounting for 48% more filings than the same period last year. That’s according to a new report... Read Story

April 19, 2017, 08:00 AM

Individuals account for more than a quarter of chapter 11 bankruptcy filings, and this share has grown over time. That's according to the results of the “National Study of Individual Chapter 11 Bankruptcies,” commissioned by the ABI Endowment... Read Story

April 17, 2017, 07:11 AM

Payless ShoeSource is closing 388 underperforming stores in the United States, providing a rare opportunity for savvy shoppers to snap up footwear for the whole family at liquidation prices. A joint venture between Great American Group and Tiger... Read Story

April 14, 2017, 07:23 AM

Great American Group, LLC, a leading provider of advisory and valuation services and a subsidiary of B. Riley Financial, Inc., and Tiger Capital Group, LLC, which provides asset valuation, advisory and disposition services to a broad range of retail... Read Story

April 12, 2017, 07:15 AM

Total U.S. bankruptcy filings fell slightly in the first calendar quarter (Jan. 1 - March 31) of 2017 from the same period in 2016, according to data provided by Epiq Systems, Inc.and released by the American Bankruptcy Institute. Bankruptcy filings... Read Story

April 10, 2017, 07:20 AM

Retail footwear giant Payless ShoeSource filed a voluntary petition for reorganization pursuant to Chapter 11 of the U.S. Federal Bankruptcy Code on April 4.The company’s North American entities, as well as two foreign Hong Kong-based entities... Read Story

April 05, 2017, 07:14 AM

Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. (CEOC) and its Chapter 11 debtor subsidiaries announced the pricing of $1.435 billion of senior secured credit facilities for CEOC, consisting of a $1.235 billion... Read Story

April 05, 2017, 07:10 AM

Forbes Energy Services Ltd.announced that the plan of reorganization under Chapter 11 of the United States Bankruptcy Code of Forbes and its domestic subsidiaries has been confirmed by the U.S. Bankruptcy Court for the Southern District of... Read Story

March 31, 2017, 07:13 AM

Westinghouse Electric Company, LLC, a U.S. company, and certain of its subsidiaries and affiliates, filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. The Company is seeking to undertake a strategic restructuring as a result of... Read Story

March 29, 2017, 07:30 AM

A group of creditors of bankrupt Brazilian telephone operator Oi SA are objecting to terms of the company's latest debt restructuring plan, calling them unfair and taking issue with the firm's lack of transparency in drafting them. The Steering... Read Story

March 28, 2017, 06:30 AM

Tiger Capital Group and Great American Group have been chosen to assist outdoor specialty retailer Gander Mountain in the closure of 32 under-performing locations across the United States.The St. Paul, Minn.-based retailer, which filed for Chapter 11... Read Story

March 24, 2017, 08:00 AM

Erickson Incorporated completed another important step toward its emergence from bankruptcy when its Chapter 11 plan of reorganization was confirmed by the United States Bankruptcy Court for the Northern District of Texas. This confirmation, which... Read Story

March 23, 2017, 07:18 AM

Debt collection agency SquareTwo Financial Services announced it reached an agreement with Resurgent Holdings LLC under which Resurgent or one or more of its subsidiaries or affiliates will acquire substantially all of SquareTwo’s portfolio of assets... Read Story

March 20, 2017, 07:11 AM

Sungevity Inc., a technology-driven solutions provider, commenced voluntary Chapter 11 proceedings in U.S. Bankruptcy Court for the District of Delaware, in order to facilitate a financial and corporate restructuring to strengthen its balance sheet... Read Story

March 16, 2017, 07:56 AM

Chapter 11 filings rose 6% last year to 7,450, after several years of significant decline, according to a new report from the Administrative Office of the U.S. Courts. The AO's annual Judicial Business of the United States Courts for 2016 shows that... Read Story

March 15, 2017, 08:00 AM

Gander Mountain Company announced that, to maximize the opportunity to achieve a "going-concern" sale of its business, it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy... Read Story

March 13, 2017, 07:15 AM

Apparel and home décor retailer Gordmans Stores, Inc. announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nebraska.Concurrently... Read Story

March 13, 2017, 07:05 AM

General Wireless Operations Inc., doing business as RadioShack, announced that the Company filed voluntary petitions under Chapter 11 in the United States Bankruptcy Court for the District of Delaware.RadioShack.com, stores and dealer locations... Read Story

March 09, 2017, 08:00 AM

Total U.S. bankruptcy filings decreased 10 percent in February from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 58,336 in February 2017, down from the February 2016 total of 64,712. Consumer... Read Story

March 08, 2017, 07:02 AM

Store closing sales have just begun at select BCBGMAXAZRIA, BCBGENERATION, BCBG FACTORY, and HERVE LEGER locations under the approval of a U.S. Bankruptcy Court. The store closing sales are being conducted by a joint venture of Hilco Merchant... Read Story

March 07, 2017, 07:58 AM

hhgregg, Inc. announced that the company has taken action to restructure its balance sheet and better position itself for future success by filing voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. The... Read Story

March 07, 2017, 07:15 AM

MC Sports is closing all 66 of its stores across the Midwest, providing shoppers in seven states with significant discounts on over $110 million of top-name sporting goods and apparel brands. A joint venture between Tiger Capital Group and Great... Read Story

February 28, 2017, 07:01 AM

Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. and its Chapter 11 debtor subsidiaries announced that CEOC has entered into committed financing agreements for proposed new senior secured credit facilities... Read Story

February 21, 2017, 07:46 AM

United Road Towing, Inc. announced that it has commenced a process to restructure its balance sheet and position the company for the future. To facilitate this restructuring, the Company, URT Holdings, Inc. and certain of their subsidiaries have... Read Story

February 17, 2017, 07:55 AM

Public companies in the energy sector had a tough 2016, with solar, coal, and oil and gas producers accounting for nine of the top ten bankruptcies last year -- a new report from the law firm Jones Day finds. According to the firm, all of 2016's ten... Read Story

February 07, 2017, 07:38 AM

EisnerAmper’s Bankruptcy and Reorganization group was named the winner in the CHAPTER 11 REORGANIZATION OF THE YEAR (Over $25MM to $100MM) category recognizing the firm’s engagement for the Chapter 11 Reorganization of EZ Mailing Services, Inc., et... Read Story

February 07, 2017, 07:00 AM

Eastern Outfitters LLC, the parent company of sporting goods retailers Eastern Mountain Sports (EMS) and Bob’s Stores, filed for Chapter 11 protection over the weekend, according a petition in the Delaware Bankruptcy Court. The company, which... Read Story

February 06, 2017, 08:00 AM

Total U.S. bankruptcy filings increased 5 percent in January 2017 from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 55,212 in January 2017, up from the January 2016 total of 52,560. With the... Read Story

February 06, 2017, 07:00 AM

Vanguard Natural Resources, LLC (VNR) (together with its wholly owned subsidiaries, collectively, "Vanguard" or the "Company") announced that the Company has voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U... Read Story

February 02, 2017, 07:00 AM

Telecom provider Avaya Inc. announced that it has commenced a formal proceeding to restructure its balance sheet to better position itself for the future. To facilitate this restructuring, the Company filed voluntary petitions under chapter 11 of the... Read Story

January 20, 2017, 08:05 AM

Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. (CEOC) and its Chapter 11 debtor subsidiaries announced that the U.S. Bankruptcy Court for the Northern District of Illinois has confirmed the Debtors' Plan of... Read Story

January 18, 2017, 08:00 AM

Limited Stores, LLC, parent company of women's fashion apparel retailer The Limited, announced that it has filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the... Read Story

January 17, 2017, 08:00 AM

Peabody Energy isssued the following statement regarding the company's chapter 11 filing.Attempts by parties to appoint an equity committee have generated media reports based on inaccuracies and speculation raised by those parties.  This statement is... Read Story

January 16, 2017, 07:48 AM

AlixPartners, the global advisory firm, released the results of its 11th Annual North American Restructuring Experts Survey. This year’s survey, which represents the opinions of 207 senior-level restructuring experts, indicates there will likely be... Read Story

January 10, 2017, 07:50 AM

BankruptcyData, a service provided by New Generation Research, Inc. (NGR) released its annual bankruptcy report. The yearly report analyzes trends associated with U.S. Bankruptcy Court activity. In 2016, declining bankruptcy trends reversed... Read Story

January 09, 2017, 07:45 AM

Total commercial filings during calendar year 2016 (Jan. 1-Dec. 31) were 37,771, a 26 percent increase from the 29,920 filings for 2015, according to data provided by Epiq Systems, Inc. There were 5,438 commercial chapter 11s filings during calendar... Read Story

January 06, 2017, 07:42 AM

Bonanza Creek Energy, Inc. and certain subsidiaries today announced that they had filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the District of Delaware to pursue a prepackaged plan of... Read Story

January 06, 2017, 07:25 AM

LENSAR, Inc. (LENSAR), a global leader in next generation femtosecond laser technology for refractive cataract surgery, announced the filing of a Chapter 11 bankruptcy petition on December 19, 2016 to reduce its debt, strengthen its balance sheet and... Read Story

December 21, 2016, 07:00 AM

Basic Energy Services, Inc.announced that the Company and its affiliated Chapter 11 debtors obtained court approval of their prepackaged restructuring and recapitalization plan (the "Prepackaged Plan"), which received near unanimous support from... Read Story

December 12, 2016, 07:57 AM

Erickson Incorporated, a leading global provider of aviation services, today announced the commencement of a process to syndicate participation in a debtor-in-possession term loan facility (the “DIP Term Facility”) by eligible beneficial holders of... Read Story

December 09, 2016, 07:42 AM

Total U.S. commercial bankruptcy filings increased 26 percent in November 2016 over November of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 2,908 in November 2016, up from the November 2015 total of 2,311.... Read Story

December 06, 2016, 07:45 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to TPP Acquisition, Inc. d/b/a The Picture People ("TPP" or the "Company") in the sale of substantially all of its assets to affiliates of Monroe Capital Corporation ("Monroe"). The... Read Story

December 02, 2016, 07:23 AM

Performance Sports Group Ltd., a leading developer and manufacturer of high performance sports equipment and apparel, announced that the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice (together... Read Story

December 01, 2016, 07:53 AM

Hampshire Group, Limited announced that the Company and two of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware in order to facilitate the orderly wind-down of their business... Read Story

November 28, 2016, 08:00 AM

Reuters reports American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder.The Reuters article... Read Story

November 14, 2016, 08:01 AM

CHC Group announced that on November 11, 2016, the Company filed a proposed chapter 11 plan of reorganization (the "Plan") and related Disclosure Statement with the United States Bankruptcy Court for the Northern District of Texas.Under the terms of... Read Story

November 14, 2016, 07:38 AM

Erickson Incorporated, a leading global provider of aviation services, announced the United States Bankruptcy Court for the Northern District of Texas has approved key first day motions related to its voluntary Chapter 11 restructuring. The motions... Read Story

November 11, 2016, 07:04 AM

Erickson Incorporated, a leading global provider of aviation services, announced today that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy... Read Story

November 10, 2016, 07:48 AM

SSG Capital Advisors acted as the investment banker to Last Call Holdings, LLC ("Last Call" or the "Company") in the sale of substantially all of its assets to an affiliate of Kelly Investment Group ("Kelly"). The sale was effectuated through a... Read Story

November 04, 2016, 07:48 AM

Total U.S. commercial bankruptcy filings increased 21 percent in October 2016 over October of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,023 in October 2016, up from the October 2015 total of 2,491.... Read Story

November 04, 2016, 07:36 AM

SSG Capital Advisors, LLC acted as the co-investment banker to Acid Specialists, LLC, Cement Specialists, LLC and Frac Specialists, LLC (individually "Acid", "Cement" and "Frac", respectively; collectively referred to as the "Company") culminating in... Read Story

October 28, 2016, 07:44 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker and financial advisor to the Official Committee of Equity Security Holders ("Equity Committee") in the restructuring of Horsehead Holding Corp. ("Horsehead" or the "Company") pursuant... Read Story

October 14, 2016, 07:24 AM

U.S. commercial bankruptcy filings during the first nine months of the year increased 28 percent to 28,789 over the 22,444 filings during the same period in 2015, according to data provided by Epiq Systems, Inc. Commercial chapter 11 filings rose... Read Story

October 06, 2016, 07:30 AM

Arch Coal, Inc. announced that it has successfully completed its financial restructuring and emerged from court protection, with new equity that will trade on the New York Stock Exchange under the ticker symbol ARCH.“Today marks the beginning of a... Read Story

October 06, 2016, 07:06 AM

Garden Fresh Restaurant Corp. announced that it has reached an agreement with its lenders to restructure the company's debt. Under terms of the agreement, the company will significantly reduce debt obligations and improve its financial structure.To... Read Story

October 04, 2016, 06:51 AM

Cosi, Inc., the fast-casual restaurant company, today announced that it and its subsidiaries filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the District of Massachusetts, initiating a process intended to preserve value... Read Story

September 29, 2016, 07:23 AM

Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. ("CEOC") and its Chapter 11 debtor subsidiaries (collectively, the "Debtors") announced that they have received confirmation from representatives of CEOC's major... Read Story

September 27, 2016, 07:38 AM

Essar Steel Algoma Inc. obtained an Order from the Ontario Superior Court of Justice extending the stay of proceedings under the Companies' Creditors Arrangement Act (CCAA) to January 31, 2017. The Court further approved an amendment and extension to... Read Story

September 26, 2016, 08:00 AM

Verengo, Inc., Southern California's leading residential solar panel installer, with over 20,000 systems installed, announced the proposed sale of substantially all of its assets to Crius Solar Fulfillment LLC, a subsidiary of Crius Energy... Read Story

September 26, 2016, 07:36 AM

Golfsmith International Holdings LP (together with its subsidiaries, the "Company") announced the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") granted various forms of relief requested with respect to the... Read Story

September 16, 2016, 07:40 AM

Arch Coal, Inc. announced that, just over eight months after filing for Chapter 11, the United States Bankruptcy Court for the Eastern District of Missouri has confirmed its Amended Plan of Reorganization (the "Plan"). Arch expects to emerge from... Read Story

September 14, 2016, 07:12 AM

Total U.S. commercial bankruptcy filings increased 28 percent in August 2016 over August of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,199 in August 2016, up from the August 2015 total of 2,491. August is... Read Story

September 09, 2016, 12:02 PM

Vertellus Specialties Inc., a global manufacturer of fine and specialty chemicals, announced that the U.S. Bankruptcy Court has approved the anticipated sale of substantially all of Vertellus Specialties Inc.'s assets to the company's existing term... Read Story

September 09, 2016, 07:07 AM

Key Energy Services, Inc. and certain of its subsidiaries (the "Company") have entered into a plan support agreement ("PSA") with Platinum Equity and certain other holders of its 6.75% Senior Notes due 2021 ("Senior Notes"), collectively holding more... Read Story

August 26, 2016, 07:06 AM

Peabody Energy announced it has received approval of its business plan by the company's debtor-in-possession (DIP) financing lenders. The business plan forms the foundation for the plan of reorganization that the company expects to submit before the... Read Story

August 11, 2016, 07:44 AM

Bloomberg reports that Aeropostale Inc. settled a dispute with lenders that threatened to scuttle a potential bid from a Versa Capital Management unit to buy the teen-clothing chain out of bankruptcy.Versa Capital Fund III is working with Aeropostale... Read Story

August 09, 2016, 07:24 AM

Total U.S. commercial bankruptcy filings increased 10 percent in July 2016 over July of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 2,922 in July 2016, up from the July 2015 total of 2,661. July is the ninth... Read Story

August 08, 2016, 07:57 AM

Dex Media, Inc., one of the largest national providers of local marketing solutions for local businesses, announced that it completed its financial restructuring and emerged from Chapter 11 when its confirmed Plan of Reorganization (the “Plan”) went... Read Story

August 02, 2016, 07:58 AM

Halcón Resources Corporation, and certain of its subsidiaries, announced that they had filed voluntary petitions under chapter 11 of the Bankruptcy Code to pursue a pre-packaged plan of reorganization in accordance with its previously announced... Read Story

July 29, 2016, 08:27 AM

Blackhill Partners, an investment bank specializing in complex situations, has completed the reorganization of Black Elk Energy Offshore Operations, LLC, guiding the company through bankruptcy. Blackhill led Black Elk through a complex Chapter 11... Read Story

July 28, 2016, 07:26 AM

Atlas Resource Partners, L.P. announced that the Partnership has entered into a Restructuring Support Agreement (“RSA”) with 100% of its Revolving Credit Facility lenders, 100% of its Second Lien lenders and approximately 80% of its Senior... Read Story

July 26, 2016, 07:44 AM

Dex Media, Inc., one of the largest national providers of local marketing solutions for local businesses, announced that its prepackaged plan of reorganization (“the Plan”) was confirmed today by the U.S. Bankruptcy Court in the District of Delaware... Read Story

July 18, 2016, 07:38 AM

SSG Capital Advisors acted as the investment banker to Canal Asphalt, Inc.on the sale of substantially all its assets to Peckham Industries, Inc ("Peckham").  The transaction closed in June 2016. Canal owned and operated an asphalt plant located in... Read Story

July 14, 2016, 07:29 AM

Reuters reported Gawker Media LLC won approval from a U.S. bankruptcy court judge on Thursday to begin a process to sell itself, allowing the online publishing pioneer to begin an auction that is expected to attract several bidders. Gawker filed for... Read Story

July 08, 2016, 07:43 AM

Total commercial filings during the first six months of the year (Jan. 1-June 30) increased 29 percent to 19,470 over the 15,071 total commercial filings during the same period in 2015, according to data provided by Epiq Systems, Inc. Commercial... Read Story

July 07, 2016, 07:52 AM

Arch Coal, Inc. secured a global settlement with certain of its senior secured lenders that hold more than 66 2/3% of its first lien term loan and the Official Committee of Unsecured Creditors (the "UCC"). The company has filed an amended Plan of... Read Story

July 06, 2016, 07:38 AM

Verso Corporation completed another important step toward its emergence from bankruptcy when its Chapter 11 plan of reorganization was confirmed by the U.S. Bankruptcy Court in the District of Delaware.  This confirmation, which comes less than five... Read Story

June 24, 2016, 07:27 AM

SSG Capital Advisors acted as the investment banker to Restore Holdings LLC on the sale of substantially all of the assets of Restore Health Pharmacy LLC, TCS Labs, LLC and Belvidere Labs, LLC in separate transactions to strategic parties. The... Read Story

June 24, 2016, 07:25 AM

Pacific Exploration & Production Corporation announced the successful closing of a debtor-in-possession financing in the amount of U.S.$500 million (the "DIP Financing"), less applicable fees and charges, with: (i) certain holders of the Company's... Read Story

June 22, 2016, 07:24 AM

Arch Coal, Inc. has filed an amended Plan of Reorganization (the "Plan") and a related Disclosure Statement with the United States Bankruptcy Court for the Eastern District of Missouri. The Plan is supported by certain of the company's senior secured... Read Story

June 15, 2016, 07:46 AM

Aéropostale, Inc., a specialty retailer of casual apparel for young women and men, today announced that the United States Bankruptcy Court for the Southern District of New York has given final approval for the Company to access $160 million in debtor... Read Story

June 13, 2016, 11:49 AM

Hilco Streambank has been retained, subject to Court approval, to market and sell the intellectual property assets of The Sports Authority, Inc. Included in the sale are trademarks (including private label brands), domain names (sportsauthority.com)... Read Story

June 10, 2016, 08:03 AM

Fairway Group Holdings Corp., the parent company of Fairway Market, the iconic New York food retailer, announced that the Plan of Reorganization (the "Plan") was unanimously accepted by 100% of voting secured lenders and confirmed by Bankruptcy Judge... Read Story

June 09, 2016, 07:46 AM

Hercules Offshore, Inc. announced that, after receiving votes on the Company's pre-packaged Chapter 11 Plan (the "Plan") from lenders holding approximately 99.7% of the Company's first lien debt (the "lenders"), with all such lenders voting to accept... Read Story

June 06, 2016, 07:44 AM

Total U.S. commercial bankruptcy filings increased 32 percent in May 2016 over May of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,358 in May 2016, up from the May 2015 total of 2,550. May is the seventh... Read Story

June 03, 2016, 07:43 AM

On May 13, 2016, the U.S. Bankruptcy Court, District of Delaware, authorized the retention of PMCM, LLC to provide Michael E. Jacoby as Chief Restructuring Officer, and to coordinate efforts and market the assets of AF-Southeast, LLC, Allied Fiber --... Read Story

June 01, 2016, 07:45 AM

Vertellus Specialties Inc., a global manufacturer of fine and specialty chemicals, announced it has reached an agreement through which its existing term loan lenders would purchase substantially all of Vertellus Specialties Inc.'s U.S. and... Read Story

May 31, 2016, 08:11 AM

The joint venture of Gordon Brothers Group, Hilco Merchant Resources, and Tiger Capital Group, announced today that they will commence going-out-of-business sales at all Sports Authority retail locations beginning Thursday, May 26th.  The joint... Read Story

May 25, 2016, 07:44 AM

SSG Capital Advisors acted as the investment banker to Mid-States Supply Company, Inc. in the sale of substantially all of its assets to an affiliate of Staple Street Capital.  The sale was effectuated through a Chapter 11 Section 363 process in the... Read Story

May 20, 2016, 07:31 AM

Dex Media, Inc., one of the largest national providers of local marketing solutions for local businesses, today announced a major step toward completing its financial restructuring by filing a prepackaged plan of reorganization (the “Plan”), along... Read Story

May 18, 2016, 07:27 AM

Energy and Exploration Partners, LLC and its debtor affiliates announced that they have officially concluded their Chapter 11 financial reorganization after completing all required actions and satisfying the remaining conditions to effectiveness of... Read Story

May 16, 2016, 07:26 AM

A joint venture between Great American Group (GA) and Tiger Capital Group announced that it has partnered with Aéropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, to facilitate the orderly exit of 113 of its... Read Story

May 13, 2016, 07:46 AM

Penn Virginia Corporation announced that it and certain of its subsidiaries have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia, Richmond... Read Story

May 12, 2016, 07:40 AM

Caesars Entertainment Corporation announced that its Board has appointed the Honorable Robert E. Gerber as Chief Restructuring Officer. The appointment came at the recommendation of Caesars Entertainment's independent director committee, the... Read Story

May 09, 2016, 08:10 AM

Total U.S. commercial bankruptcy filings increased 32 percent in April 2016 over April of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,482 in April 2016, up from the April 2015 total of 2,641. April is the... Read Story

May 05, 2016, 08:02 AM

Fairway Group Holdings, the parent company of Fairway Market, the iconic New York food retailer, announced that the company has reached an agreement with its senior secured lenders holding more than 70% of the company's senior secured debt on the... Read Story

May 03, 2016, 07:54 AM

SunEdison, Inc. announced that John S. Dubel has been appointed Chief Restructuring Officer of the company.Dubel will report directly to the independent directors of SunEdison's Board of Directors and lead the company's restructuring efforts. He will... Read Story

May 03, 2016, 07:26 AM

Midstates Petroleum Company, Inc. and Midstates Petroleum Company LLC  announced that they have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District... Read Story

May 02, 2016, 08:20 AM

BIND Therapeutics, Inc., a biotechnology company developing targeted and programmable therapeutics called ACCURINS®, today announced that it has elected to file a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court... Read Story

May 02, 2016, 07:38 AM

SSG Capital Advisors, LLC acted as the investment banker to Edgmont Golf Club, Inc. and Edgmont Country Club (collectively, "Edgmont", the "Property" or the "Club") in the placement of exit financing and in the sale of substantially all of its assets... Read Story

April 28, 2016, 07:11 AM

Blackhill Partners, an investment bank specializing in complex situations, has completed the reorganization of RAAM Global Energy Company, guiding the company through a pre-negotiated chapter 11 bankruptcy in under 100 days. RAAM engaged Blackhill... Read Story

April 27, 2016, 07:33 AM

SunEdison, Inc. announced that the U.S. Bankruptcy Court for the Southern District of New York has granted the relief requested by the Company in key first day motions related to ordinary course business activities.  This includes the continuation of... Read Story

April 25, 2016, 07:39 AM

SunEdison, Inc. announced that it has commenced a process to restructure its balance sheet and position the Company for the future.  To facilitate this restructuring, SunEdison and certain of its domestic and international subsidiaries have filed... Read Story

April 22, 2016, 08:14 AM

Magnum Hunter Resources Corporation and certain of its wholly-owned subsidiaries announced that the Bankruptcy Court for the District of Delaware has confirmed Magnum Hunter's chapter 11 plan of reorganization. Confirmation of Magnum Hunter's chapter... Read Story

April 21, 2016, 07:38 AM

Goodrich Petroleum Corporation announced that it and its subsidiary has filed for reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division, in order to implement... Read Story

April 18, 2016, 07:28 AM

Peabody Energy Corporation announced that first day motions to help facilitate continued operations in the ordinary course of business while the company operates under Chapter 11 protection were approved by Judge Barry S. Schermer of the U.S.... Read Story

April 15, 2016, 07:38 AM

Taking a major step to strengthen liquidity and reduce debt amid an unprecedented industry downturn, Peabody Energy Corporation voluntarily filed petitions under Chapter 11 for the majority of its U.S. entities in the United States Bankruptcy Court... Read Story

April 13, 2016, 08:02 AM

Simpson Thacher & Bartlett LLP announced Mary Kay Vyskocil was sworn in by the United States Court of Appeals for the Second Circuit as a United States Bankruptcy Judge for the Southern District of New York. Judge Vyskocil, most recently a Litigation... Read Story

April 11, 2016, 07:37 AM

Total U.S. bankruptcy filings fell 5 percent in the first calendar quarter (Jan. 1 - March 31) of 2016 from the same period in 2015, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 195,565 in the first quarter of 2016... Read Story

April 08, 2016, 07:47 AM

PacSun announced that it and all of its subsidiaries have entered into a restructuring support agreement (the "RSA") with affiliates of Golden Gate Capital, the holder of its secured term loan provider under the Company's financing facilities. In... Read Story

April 07, 2016, 08:04 AM

Warren Resources, Inc. continues to engage in discussions with its first lien lender, second lien lender and an ad hoc group of unsecured noteholders, regarding a restructuring of its debt obligations, which may occur as an out-of-court restructuring... Read Story

April 07, 2016, 07:34 AM

Molycorp, Inc., a global producer of advanced rare earth and rare metal based engineered materials used in many electronic, transportation, industrial and clean energy applications, announced  that its Fourth Joint Amended Plan of Reorganization... Read Story

April 04, 2016, 07:36 AM

PostRock Energy Corporation announced that it and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Western District of Oklahoma to facilitate an... Read Story

April 04, 2016, 07:23 AM

Great American Group, a leading provider of advisory and valuation services, asset disposition and auction solutions, commercial lending services and a subsidiary of B. Riley Financial, was the highest bidder in the bankruptcy auction for the assets... Read Story

April 01, 2016, 07:33 AM

Peregrine Midstream Partners LLC and its affiliates Peregrine Rocky Mountains LLC, Ryckman Creek Resources Holding Company LLC, and Ryckman Creek Resources, LLC announced it received final bankruptcy court approval on a $35 million debtor in... Read Story

March 28, 2016, 07:35 AM

RCS Capital Corporation announced today that, as part of its previously announced plan to transform to a Cetera-only independent retail business, certain of the Company's holding companies of the Company's broker-dealers, as well as certain other... Read Story

March 28, 2016, 07:27 AM

Republic Airways Holdings Inc. has reached agreement with Delta Air Lines, Inc. to holistically restructure the parties’ codeshare relationship. The motion filed today in the United States Bankruptcy Court for the Southern District of New York is a... Read Story

March 25, 2016, 07:46 AM

A motion was filed last week with the U.S. Bankruptcy Court, Western District of New York, to retain Phoenix Capital Resources as the exclusive investment banker in conjunction with the potential sale of the assets of Flour City Bagels, LLC, and its... Read Story

March 15, 2016, 07:38 AM

Relativity Media announced that it has filed the necessary documents and believes it has met the conditions required by Judge Wiles of the United States Bankruptcy Court for the Southern District of New York for the company to emerge from Chapter... Read Story

March 14, 2016, 07:39 AM

Aspect Software announced that it is taking strategic action to facilitate its long-term growth, product innovations and ongoing pivot towards becoming the industry’s leading cloud-based provider. The company has entered into a pre-arranged agreement... Read Story

March 10, 2016, 07:25 AM

Alpha Natural Resources, Inc. announced that it has filed a proposed Chapter 11 Plan of Reorganization ("the Plan") and a related Disclosure Statement with the United States Bankruptcy Court for the Eastern District of Virginia.  Together with the... Read Story

March 09, 2016, 07:22 AM

Buffets, LLC, comprised of Ryan's®, Fire Mountain®, Country Buffet®, Old Country Buffet®, Tahoe Joe's Famous Steakhouse® and Hometown Buffet®, is set to file Chapter 11 bankruptcy so that it can restructure its debts and liabilities, strengthen its... Read Story

March 08, 2016, 08:09 AM

Total U.S. bankruptcy filings decreased just 1 percent in February from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 64,662 in February 2016, down slightly from the February 2015 total of... Read Story

March 07, 2016, 08:04 AM

Palmaz Scientific, Inc. announced that the Company filed for Chapter 11 protection in San Antonio to provide adequate time to identify and evaluate prospective buyers for its innovative metallurgical medical device technology.Dr. Julio Palmaz and... Read Story

March 07, 2016, 07:33 AM

Verso Corporation announced that it has received final approval from the U.S. Bankruptcy Court in the District of Delaware for a variety of first day motions related to its voluntary restructuring under Chapter 11 of the U.S. Bankruptcy Code.  These... Read Story

March 03, 2016, 08:08 AM

TSA Stores, Inc. (“Sports Authority” or the “Company”), an industry leader in providing a wide assortment of quality, brand-name sporting goods, announced that Sports Authority and several of its affiliates filed voluntary petitions to restructure... Read Story

March 02, 2016, 07:45 AM

Paragon Offshore announced that the company and certain of its subsidiaries have elected to commence proceedings under Chapter 11 of the United States Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court in the District of Delaware.... Read Story

February 16, 2016, 07:53 AM

American Apparel, LLC has emerged from chapter 11 as a private company after successfully implementing its plan of reorganization, approved by the Delaware bankruptcy court on January 27, 2016.American Apparel's reorganization plan converted... Read Story

February 08, 2016, 07:48 AM

Total U.S. bankruptcy filings decreased 11 percent in January from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 52,522 in January 2016, down from the January 2015 total of 59,092. Consumer... Read Story

February 05, 2016, 07:51 AM

SSG Capital Advisors acted as the investment banker to Thinkstream, Inc. in the sale of substantially all of its assets to Thinkstream Acquisition, LLC ("TAL"), an investor group consisting of the company's largest creditor and two technology... Read Story

February 05, 2016, 07:26 AM

Hancock Fabrics, Inc., a leading retailer in fabric, sewing and accessories, announced that it and its wholly-owned subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code.  The Company filed the... Read Story

February 03, 2016, 07:40 AM

SFX Entertainment, Inc. has reached an agreement with an ad hoc group of bondholders ("ad hoc group") to significantly restructure the Company's outstanding debt. SFX and the ad hoc group have entered into a Restructuring Support Agreement ("RSA")... Read Story

February 01, 2016, 07:55 AM

Quiksilver, Inc. announced that its Plan of Reorganization (the “Plan”) has been confirmed by the United States Bankruptcy Court for the District of Delaware, with significant support from the Company’s major stakeholders, including the official... Read Story

January 29, 2016, 07:14 AM

Verso Corporation has finalized a restructuring support agreement (RSA) with creditors holding at least a majority in principal amount of substantially all tranches of funded debt of Verso and its subsidiaries in connection with Verso's filing for... Read Story

January 28, 2016, 07:48 AM

SSG Capital Advisors acted as the investment banker to Thane International, Inc. in the sale of substantially all of its assets in a management buyout. The sale was effectuated through a Canadian receivership proceeding and was approved by the U.S.... Read Story

January 28, 2016, 07:33 AM

SSG Capital Advisors acted as the investment banker to Signal International, Inc. ("Signal" or the "Company") in the sale of substantially all of its assets to the Teachers' Retirement System of Alabama and the Employees'  Retirement System of... Read Story

January 22, 2016, 07:33 AM

Joyce Leslie, Inc. announced that it had filed a motion on January 14th for court approval to set bid procedures and an auction date for a sale of most of its assets.  Joyce Leslie, Inc. (the "Company") had previously announced that it had filed a... Read Story

January 19, 2016, 07:44 AM

SSG Capital Advisors acted as the investment banker to Lincoln Paper & Tissue, LLC  in the sale of substantially all of its assets to Gordon Brothers Commercial & Industrial, LLC, Capital Recovery Group, LLC, PPL Group, LLC and Rabin Worldwide, Inc.... Read Story

January 15, 2016, 07:28 AM

Colt Defense LLC announced it has completed its financial restructuring and emerged from its Chapter 11 process. The Company concluded its restructuring after completing all required actions and satisfying all remaining closing conditions to its... Read Story

January 14, 2016, 07:23 AM

American Apparel, Inc. announced that it has obtained unanimous approval of all voting classes to accept its reorganization plan, a significant step forward that will enable the company to continue implementation of its current turnaround strategy... Read Story

January 12, 2016, 08:06 AM

Total bankruptcy filings totaled 819,240 nationwide for calendar year 2015 (Jan. 1-Dec. 31), a 10 percent decrease from the 910,397 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 789,222 total... Read Story

January 11, 2016, 07:37 AM

Total bankruptcy filings totaled 819,240 nationwide for calendar year 2015 (Jan. 1-Dec. 31), a 10 percent decrease from the 910,397 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 789,222 total... Read Story

January 08, 2016, 07:11 AM

Swift Energy Company has reached an agreement with holders of a majority of its senior notes to convert all senior notes to equity pursuant to the terms of a restructuring support agreement. Under the agreement, existing equity holders are to retain... Read Story

January 04, 2016, 07:21 AM

Bloomberg reports KaloBios Pharmaceuticals Inc., which Martin Shkreli rescued from liquidation last month, filed for bankruptcy after Shkreli's arrest knocked the biotechnology company’s brief revival off course.The Bloomberg article notes KaloBios... Read Story

December 30, 2015, 08:05 AM

SSG Capital Advisors acted as the investment banker to Coyne International Enterprises Corp. ("Coyne" or the "Company") in the sale of substantially all of its assets to Cintas Corporation No. 2, Prudential Overall Supply, Inc., Clean Rentals, Inc.... Read Story

December 28, 2015, 07:40 AM

Colt Defense LLC announced that the United States Bankruptcy Court for the District of Delaware (the “Court”) has confirmed the Company's Second Amended Joint Plan of Reorganization (“the Plan”). The Plan received full support from all of the... Read Story

December 17, 2015, 07:20 AM

Bloomberg reported American Apparel Inc. founder Dov Charney is working with a small investment bank on a potential bid to buy the clothing retailer out of bankruptcy.Charney, who has been trying to regain control of American Apparel since being... Read Story

December 07, 2015, 08:03 AM

Total bankruptcy filings in the United States increased 5 percent in November 2015 from November of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 65,511 in November 2015, up from the November 2014 total of... Read Story

December 04, 2015, 07:38 AM

Energy and Exploration Partners, Inc. announced that on the evening of November 25, 2015, certain unsecured creditors filed an involuntary bankruptcy petition in the United States Bankruptcy Court for the Northern District of Texas against one of the... Read Story

November 30, 2015, 07:26 AM

Colt Defense LLC announced the approval of the Disclosure Statement for its Second Amended Plan of Reorganization (“the Plan”) by the U.S. Bankruptcy Court for the District of Delaware. The completion of this important milestone in Colt’s Chapter 11... Read Story

November 12, 2015, 07:10 AM

Hercules Offshore announced it has completed its financial restructuring and emerged from Chapter 11, and funding of the company's new $450 million senior secured credit facility has been completed."Today marks the beginning of a new chapter for... Read Story

November 09, 2015, 07:08 AM

Coyne International Enterprises Corp., a leading U.S. commercial laundry service company, will sell its business operations to three industrial laundry companies for a total of $43.45 million as part of its Chapter 11 proceedings. The transactions... Read Story

November 05, 2015, 07:24 AM

Hilco Streambank has been hired as the intellectual property disposition and sales agent of The Great Atlantic & Pacific Tea Company, Inc. ("A &P"). The sale includes all intellectual property associated with the following store banners – A &P®... Read Story

October 26, 2015, 07:52 AM

Quiksilver, Inc. announced that the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) has approved the full amount of its $175 million debtor-in-possession (DIP) financing package provided by affiliates of Oaktree... Read Story

October 19, 2015, 07:22 AM

Colt Defense LLC has taken a significant step toward completion of its restructuring and exit from chapter 11 by filing a plan of reorganization (the “Plan”) and a disclosure statement with the U.S. Bankruptcy Court for the District of Delaware (the... Read Story

October 12, 2015, 07:46 AM

Patriot Coal Corporation, a producer and marketer of coal in the eastern United States, announced that the Bankruptcy Court has said it will enter an order confirming Patriot's Plan of Reorganization.  In doing so, the Court approved the transactions... Read Story

October 09, 2015, 07:41 AM

U.S. bankruptcy filings totaled 629,570 during the first nine months of 2015 (Jan. 1-September 30), an 11 percent decrease from the 705,728 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 607,182... Read Story

October 08, 2015, 07:39 AM

Caesars Entertainment Operating Company, Inc. ("CEOC"), has filed an Amended Plan of Reorganization (the "Amended Plan"), an accompanying Disclosure Statement (the "Disclosure Statement") and a motion to further extend exclusivity through March 15... Read Story

October 08, 2015, 07:31 AM

American Apparel reached a restructuring support agreement with 95% of its secured lenders to implement a pre-arranged financial restructuring. This reorganization will enable the Company to implement a comprehensive transformation strategy to... Read Story

October 05, 2015, 08:03 AM

Quiksilver, Inc. announced that it commenced voluntary proceedings for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) for its U.S. subsidiaries.... Read Story

September 10, 2015, 07:31 AM

Coyne International Enterprises Corp. is progressing in its Chapter 11 case filed in the U.S. Bankruptcy Court for the Northern District of New York in Syracuse on July 31, 2015, and remains on track to complete three planned sales of its operating... Read Story

September 09, 2015, 07:12 AM

Altegrity, LLC announced that it has successfully completed its financial restructuring and emerged from Chapter 11. Through its Plan of Reorganization, Altegrity has substantially reduced its debt. The Company’s second and third lien noteholders... Read Story

September 08, 2015, 08:13 AM

Reuters reported gun maker Colt Defense and its creditors are close to a deal on a plan to bring the company out of bankruptcy, but if it fails, the business will go on the auction block next month, a company lawyer told a judge on Thursday.According... Read Story

September 04, 2015, 07:38 AM

Total commercial chapter 11 filings in the United States increased 48 percent in August 2015 over August of last year, according to data provided by Epiq Systems, Inc. Commercial chapter 11 filings increased to 531 filings in August 2015 from the 360... Read Story

September 03, 2015, 08:00 AM

Bloomberg reports Caesars Entertainment Corp. won a court ruling that gives it breathing room to try to negotiate an end to a bondholder lawsuit that could force the gambling company into bankruptcy alongside its main operating unit.A federal judge... Read Story

August 28, 2015, 07:20 AM

Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. (CEOC) have entered into a Bank Restructuring Support Agreement (Bank RSA). The agreement, which is effective immediately, secures the support of CEOC's largest and... Read Story

August 24, 2015, 07:37 AM

James W. Giddens, Trustee for the liquidation of MF Global Inc. (MFGI), received approval from the Bankruptcy Court, Honorable Judge Martin Glenn presiding, to make a final, cumulative 95 percent distribution on all non-affiliate, non-subordinated... Read Story

August 20, 2015, 07:38 AM

Hilco Global announced it has purchased the steel processing facility located at the Lee Steel Corporation site in Romulus, Michigan.  The deal which was approved in U.S. Bankruptcy Court in Detroit, Michigan last week includes a 200,000 square foot... Read Story

August 19, 2015, 07:58 AM

Altegrity, Inc. announced that the United States Bankruptcy Court for the District of Delaware (“the Court”) has confirmed the company’s Plan of Reorganization (the “Plan”). Upon completion of the restructuring process, which is expected to occur in... Read Story

August 17, 2015, 07:17 AM

Hercules Offshore, Inc. has filed a pre-packaged plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code to continue its financial restructuring of the company.  The company anticipates that, among other things, it will receive court... Read Story

August 14, 2015, 07:25 AM

Total commercial chapter 11 filings in the United States increased 77 percent in July 2015 over July of last year, according to data provided by Epiq Systems, Inc.Commercial chapter 11 filings increased to 637 filings in July 2015 from the 359... Read Story

August 07, 2015, 07:27 AM

Alpha Natural Resources, Inc. and certain of its wholly-owned subsidiaries filed voluntary petitions today with the United States Bankruptcy Court for the Eastern District of Virginia in Richmond to reorganize under Chapter 11 of the U.S. Bankruptcy... Read Story

August 04, 2015, 08:07 AM

Coyne International Enterprises Corp., a leading U.S. commercial laundry service company (Coyne), filed for relief under chapter 11 of the Bankruptcy Code Friday in the United States Bankruptcy Court for the Northern District of New York in... Read Story

August 04, 2015, 07:45 AM

Relativity Media LLC ("Relativity") today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has entered orders approving the Company's First Day Motions to allow Relativity to maintain its business... Read Story

August 03, 2015, 07:06 AM

Carl Marks Securities LLC acted as investment banker and exclusive financial advisor to American Bancorporation in the sale of substantially all of its assets pursuant to §363 of the U.S. Bankruptcy Code.  The sale of the assets of the... Read Story

July 31, 2015, 07:40 AM

Relativity Media and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York in order to strengthen its balance sheet and recapitalize... Read Story

July 31, 2015, 07:37 AM

Chassix Holdings, Inc. and its U.S. subsidiaries has successfully completed its prearranged restructuring and recapitalization and emerged from Chapter 11 bankruptcy protection. Through its prearranged Chapter 11 plan, Chassix substantially reduced... Read Story

July 30, 2015, 07:49 AM

GT Advanced Technologies Inc. announced that it has it has closed on its $95 million debtor-in-possession term loan facility (the "DIP Loan Facility"). The lenders include certain holders of GT's convertible notes. The loan has a one-year term and... Read Story

July 29, 2015, 07:41 AM

Molycorp, Inc. moved forward with its Chapter 11 process and received Court approval for an improved debtor-in-possession (DIP) financing package provided by Oaktree Capital Management LP. The approved DIP facility of new net financing of $130... Read Story

July 23, 2015, 07:58 AM

The Great Atlantic & Pacific Tea Company, Inc. (A&P) announced that the United States Bankruptcy Court for the Southern District of New York has approved the company’s First Day Motions. Collectively, the orders granted by the Court will help ensure... Read Story

July 21, 2015, 07:53 AM

The Great Atlantic & Pacific Tea Company, Inc. announced that it has executed asset purchase agreements covering approximately 120 stores at a purchase price of approximately $600 million. A&P filed a voluntary petition under Chapter 11 of the U.S.... Read Story

July 20, 2015, 08:18 AM

SSG Capital Advisors acted as the investment banker to Saladworks, LLC in the sale of substantially all of its assets to an affiliate of Centre Lane Partners, LLC ("Centre Lane"). The sale was effectuated through a Chapter 11 Section 363 process in... Read Story

July 15, 2015, 07:36 AM

Hilco Streambank has been retained by Simply Fashion Stores, Ltd., to conduct the sale of its IP portfolio including trademarks, domain names and a customer file. The company filed a motion with the United States Bankruptcy Court for the Southern... Read Story

July 14, 2015, 07:53 AM

GT Advanced Technologies announced the commencement of a process to solicit participation in a proposed debtor-in-possession term loan facility by eligible holders of the company's previously issued convertible notes. The solicitation process is... Read Story

July 10, 2015, 07:39 AM

Total bankruptcy filings totaled 422,782 nationwide during the first six months of 2015 (Jan. 1-June 30), a 12 percent decrease from the 479,573 total filings reported during the same period a year ago, according to data provided by Epiq Systems, Inc... Read Story

July 09, 2015, 07:34 AM

Molycorp, Inc. received approval from the U.S. Bankruptcy Court on $22 million in interim debtor-in-possession (DIP) financing provided by an affiliate of Oaktree Capital Management. The new funds will support operations going forward for an interim... Read Story

July 06, 2015, 07:46 AM

NII Holdings, Inc. announced that it has satisfied the conditions to the effectiveness of the First Amended Joint Plan Of Reorganization (the "Plan") of the company and certain of its subsidiaries that was confirmed by the United States Bankruptcy... Read Story

June 29, 2015, 07:13 AM

Colt Defense has entered into a consensual agreement under which Colt’s secured lenders will provide $20 million in debtor in possession credit facilities to allow for ordinary course business operations during the Chapter 11 process.Consistent with... Read Story

June 25, 2015, 07:05 AM

Chassix and its U.S. subsidiaries have reached agreement with the Official Committee of Unsecured Creditors, the company’s existing private equity sponsor, and the informal group representing more than 73% of the company’s secured and 80% of the... Read Story

June 23, 2015, 08:00 AM

Hilco Merchant Resources and Gordon Brothers Group announced that they will begin going-out-of-business sales at all Anna’s Linens retail locations beginning today, June 19th.  The joint venture partners were awarded the store closing process by a... Read Story

June 22, 2015, 07:28 AM

Stonebridge Financial Corp., a bank holding company located in West Chester, Pennsylvania, announced that it will sell its wholly owned subsidiary, Stonebridge Bank in order to significantly strengthen the bank's balance sheet and improve its... Read Story

June 19, 2015, 07:46 AM

Anna's Linens, Inc., a specialty retailer of value priced home fashions, has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, in Santa Ana, CA on Ju.e 14, 2015. The... Read Story

June 16, 2015, 07:49 AM

Colt Defense LLC  announced in voluntary Chapter 11 materials filed in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) a process that will allow for an accelerated sale of Colt’s business operations in the US... Read Story

June 15, 2015, 07:46 AM

GT Advanced Technologies Inc. announced the fourth extension of the solicitation period in connection with its previously announced proposed debtor-in-possession term loan facility (the "DIP Loan Facility"). Following the extension, the solicitation... Read Story

June 08, 2015, 07:28 AM

EveryWare Global announced it has successfully completed its financial restructuring and has emerged from Chapter 11. The company exits the restructuring process with a significantly reduced debt load and strengthened balance sheet."Thanks to... Read Story

June 03, 2015, 07:56 AM

Patriot Coal Corporation, a producer and marketer of coal in the eastern United States, has filed with the Bankruptcy Court a letter of intent for a proposed sale of a substantial majority of its operating assets to Blackhawk Mining, LLC, as well as... Read Story

June 03, 2015, 07:49 AM

EveryWare Global, Inc.announced that the U.S. Bankruptcy Court for the District of Delaware, which has been overseeing the company's Chapter 11 proceedings following its filing on April 7, 2015, confirmed the company's financial restructuring plan... Read Story

May 26, 2015, 07:49 AM

The dismantling of RadioShack Corp. grew closer to completion with the auctioning of the 94-year-old electronics retailer’s name to hedge fund Standard General LP for $26.2 million, a recent Bloomberg article reports.The Bloomberg article notes... Read Story

May 15, 2015, 07:47 AM

Patriot Coal Corporation, a producer and marketer of coal in the eastern United States, announced that it is engaged in active negotiations for the sale of substantially all of the company's operating assets to a strategic partner. The  company is... Read Story

May 13, 2015, 07:33 AM

Hilco Streambank announced that on behalf of certain lenders, it is assisting RadioShack Corporation in soliciting offers to acquire certain assets. The assets include certain U.S and Foreign registered Trademarks, 73 active and pending patent... Read Story

April 24, 2015, 07:26 AM

Chassix Holdings, Inc. announced that the company and its U.S. subsidiaries have received approval from the United States Bankruptcy Court for the Southern District of New York (the “Court”) of the Disclosure Statement (the “Disclosure Statement”)... Read Story

April 24, 2015, 07:14 AM

Siena Lending Group announced the completion of an $6.0 million debtor-in-possession revolving credit facility for Gourmet Express, LLC (“Gourmet”). The facility will be used to fund working capital until the completion of a bankruptcy sale.... Read Story

April 22, 2015, 08:07 AM

GT Advanced Technologies Inc. announced the extension of the solicitation period in connection with its previously announced proposed debtor-in-possession term loan facility (the "DIP Loan Facility"). Following the extension, the solicitation period... Read Story

April 22, 2015, 07:10 AM

The Wall Street Journal reported Frederick’s of Hollywood filed for bankruptcy protection Sunday with a $22.5 million offer in hand from Authentic Brands Group, LLC. Stores that weren't liquidated earlier this year shut down suddenly last week as... Read Story

April 20, 2015, 07:29 AM

SSG Capital Advisors acted as the investment banker to Advanced Workstations in Education, Inc. in the sale of substantially all of its assets to an affiliate of a private equity firm focused on special situations investments. The sale was... Read Story

April 15, 2015, 07:26 AM

Chassix Holdings, Inc. announced that the Company and its U.S. subsidiaries have received approval from the United States Bankruptcy Court for the Southern District of New York (the “Court”) to access the full amount its $250 million in committed... Read Story

April 13, 2015, 08:08 AM

EveryWare Global, Inc. announced that it is moving forward with the restructuring plan announced on April 1, 2015 and has filed voluntary Chapter 11 petitions to implement a prepackaged financial restructuring that cancels approximately $248 million... Read Story

April 09, 2015, 06:52 AM

GT Advanced Technologies Inc. announced the commencement of a process to solicit participation in a proposed debtor-in-possession term loan facility by eligible holders of the company's previously issued convertible notes (the "Convertible Notes").... Read Story

April 06, 2015, 08:19 AM

Reichhold announced the purchase of most of the assets of the U.S. business was completed. This transaction, approved by the United States Bankruptcy Court for the District of Delaware on January 12, 2015, allows Reichhold’s U.S. businesses to... Read Story

April 06, 2015, 07:43 AM

Exide Technologies announced that Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware entered an order confirming the Exide Plan of Reorganization (the "Plan").The Plan had overwhelming creditor support. The Plan will... Read Story

March 30, 2015, 07:29 AM

Reuters reports that Salus Capital LLC filed an adversary complaint on Wed Mar. 18 in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's upcoming auction to $111 million.The Reuters report notes... Read Story

March 19, 2015, 07:49 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker and financial advisor to Seegrid Corporation ("Seegrid" or the "Company") in the restructuring of Seegrid's multiple tranches of secured and unsecured debt pursuant to a Chapter 11 Plan... Read Story

March 17, 2015, 07:00 AM

Chassix Holdings, Inc. announced that it reached agreement with 80% of its unsecured bondholders and 71.5% of its senior secured bondholders, its existing sponsor, and all of its largest customers regarding the terms of a comprehensive restructuring... Read Story

March 13, 2015, 07:55 AM

The Standard Register Company announced that it and its subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.The Company also announced that it is... Read Story

March 13, 2015, 07:47 AM

Doral Financial Corporation (DFC) announced it has filed for chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York. DFC intends to wind-down its businesses, liquidate its assets, and seek approval of a plan... Read Story

March 12, 2015, 08:07 AM

AlixPartners released its Ninth Annual North American Restructuring Experts Survey and 2015 Outlook. Restructuring experts from across the US believe that following a cyclical decline in Chapter 11 business filings in recent years, the cycle may have... Read Story

March 11, 2015, 07:13 AM

Great American Group (GA), a leading provider of advisory and valuation services, asset disposition and auction solutions, commercial lending services and a subsidiary of B. Riley Financial, Inc., announced that it has begun "going-out-of-business"... Read Story

March 10, 2015, 07:39 AM

Sport-Haley Holdings, Inc., a diversified holding company, has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code today as part of its agreement with its secured lender. The filing, done in cooperation with the... Read Story

March 09, 2015, 07:51 AM

Cal Dive International, Inc. and its U.S. subsidiaries have filed simultaneous voluntary petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under the provisions of Chapter 11 of the U.S. Bankruptcy Code. The... Read Story

March 04, 2015, 08:06 AM

University General Health System, Inc., a diversified, integrated, multi-specialty health care delivery system, announced the company and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy... Read Story

March 02, 2015, 07:13 AM

Bloomberg reports RadioShack Corp.’s biggest shareholder, already seeking to buy hundreds of stores from the bankrupt electronics retailer, agreed to a separate sale of the chain’s name, with bids to start at $20 million. The Bloomberg article notes... Read Story

February 26, 2015, 08:01 AM

Bloomberg reports RadioShack Corp. spent an emergency loan on fees and other payments to favored lenders in what creditors said was a departure from a judge’s orders.The judge overseeing the bankruptcy approved RadioShack’s borrowing of $10 million... Read Story

February 25, 2015, 07:53 AM

Allen Systems Group, Inc. (“ASG”), a recognized innovator in enterprise IT software solutions, announced that it has reached an agreement with its senior secured lenders -- composed of a consortium led by certain funds sponsored by Franklin Square... Read Story

February 18, 2015, 07:27 AM

Hilco Streambank is acting on behalf of a joint venture of Hilco Merchant Resources and Gordon Brothers Retail Partners, the exclusive agent of dELiA*s, Inc. in connection with the sale of the intellectual property and other assets related to the... Read Story

February 13, 2015, 07:42 AM

Reuters reported that electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest... Read Story

February 06, 2015, 07:53 AM

CACHÉ, Inc., a national omni-channel specialty retailer of women's apparel and accessories, announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court ("Court) for the... Read Story

February 04, 2015, 07:57 AM

Caesars Entertainment Corporation ("CEC") and Caesars Entertainment Operating Company, Inc., a majority owned subsidiary of CEC ("CEOC") engaged in confidential discussions with certain beneficial holders (the "Bank Lenders") of first lien debt (the ... Read Story

February 02, 2015, 07:52 AM

According to a Bloomberg story, Caesars Entertainment Operating Co. is to open its $20 billion bankruptcy fight today, pitting creditors against the gambling company’s controlling shareholders, Leon Black’s Apollo Global Management and David... Read Story

January 26, 2015, 07:43 AM

SSG Capital Advisors acted as the investment banker to US Bentonite, Inc., Rock Springs Mineral Processing, Rock Springs Properties, Inc. and Bucknum Properties, Inc. (collectively "US Bentonite" or the "Company") in the sale of substantially all of... Read Story

January 19, 2015, 08:00 AM

The Wet Seal, a specialty retailer to young women, announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy... Read Story

January 16, 2015, 07:23 AM

Carl Marks Securities acted as exclusive financial advisor to American Bancorporation in the sale of substantially all of its assets pursuant to §363 of the U.S. Bankruptcy Code.  The sale of the assets of the Minnesota-based bank holding company is... Read Story

January 16, 2015, 07:11 AM

Caesars Entertainment Operating Company, a subsidiary of Caesars Entertainment Corporation ("Caesars Entertainment") announced that it is moving forward to implement its previously announced financial restructuring plan. The plan, which has received... Read Story

January 15, 2015, 08:06 AM

UniTek Global Services, Inc. has emerged from Chapter 11 with significantly less debt, supportive customers and vendors, and a focused strategy to provide infrastructure services to the satellite television, broadband cable, wireless... Read Story

January 14, 2015, 07:14 AM

Gordon Brothers Group and Hilco Merchant Resources announced today that they will begin going-out-of-business sales at all Deb Shops retail locations nationwide beginning Friday, January 9th. After over 80 years in business, Deb Shops, a Philadelphia... Read Story

January 09, 2015, 07:27 AM

Exide Technologies announced that certain holders of its senior secured notes (the "Backstop Parties") have executed a commitment to backstop (the "Backstop Commitment Agreement") up to $160 million of second lien convertible notes to be offered to... Read Story

January 08, 2015, 07:10 AM

J & B Restaurant Partners of Long Island II, LLC and certain affiliates (collectively, the “Company”), owners of 37 Friendly’s restaurants in New York, New Jersey and Connecticut, filed voluntary petitions for relief under Chapter 11 of the United... Read Story

January 07, 2015, 07:47 AM

UniTek Global Services, Inc. announced today that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company's Plan of Reorganization. The Company has set mid-January, 2015 for the effective date of the Plan of Reorganization... Read Story

January 07, 2015, 07:38 AM

According to a filing with the  U.S. Bankruptcy Court Eastern District of Michigan Southern Division, Detroit is paying $164 million out of the general fund in relation to its bankruptcy filing.According to the filing, the largest sum of money to be... Read Story

December 31, 2014, 08:01 AM

According to a news item from Bloomberg, the back-up bidder for Revel AC Inc., now having the right to buy the shuttered Atlantic City, New Jersey casino, wants the bankruptcy judge to cut the $95.4 million purchase price by $8.4 million in view of... Read Story

December 29, 2014, 08:04 AM

Lee N. Katz, principal of GlassRatner Advisory & Capital Group LLC, has been elected as Chief Restructuring Officer of Green Mountain Management LLC and Georgia Flattop Partners LLC. Green Mountain Management LLC, along with its affiliate, filed a... Read Story

December 22, 2014, 07:44 AM

On Dec. 12, Bloomberg reported Caesars Entertainment Corp. highest-ranked lenders spurned the casino company’s efforts to restructure its most indebted unit, imperiling tentative agreements reached over three months of talks with a broader group of... Read Story

December 15, 2014, 07:35 AM

Exide Technologies entered into an amended and restated plan support agreement ("Amended PSA") with holders of a majority of the principal amount of Exide's senior secured notes.The Amended PSA allows Exide additional time to negotiate the terms of a... Read Story

December 12, 2014, 07:13 AM

dELiA*s, Inc., an omni-channel retail company primarily marketing to teenage girls, announced that it entered into an agency agreement with Hilco Merchant Resources, LLC and Gordon Brothers Retail Partners, LLC, dated December 4, 2014, to, among... Read Story

December 08, 2014, 08:02 AM

Heritage Equity Partners announced that it acted as the investment banker to Gaspari Nutrition, Inc. in the recently approved sale of substantially all of its assets to a subsidiary of Total Produce, Allegro Nutrition.  The sale was effectuated... Read Story

December 08, 2014, 07:23 AM

Reuters reports that according to court documents, the Deb Shops retail chain filed its second bankruptcy in less than four years on Dec. 4 and said it may conduct a going-out-of-business sale at its 295 stores that specialize in teen and young women... Read Story

December 05, 2014, 08:06 AM

Exide Technologies announced today that it has filed its plan of reorganization (the "Plan") and disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. The Plan and disclosure statement are consistent with the terms of the... Read Story

November 18, 2014, 08:00 AM

Exide Technologies entered into a plan support agreement ("PSA") with holders of a majority of the principal amount of Exide's senior secured notes. The PSA includes a detailed term sheet which describes a plan of reorganization. Pursuant to the PSA... Read Story

November 05, 2014, 07:36 AM

Great American Group, Inc. has been selected as a stalking horse bidder in the potential liquidation of ALCO Stores, Inc. Texas-based ALCO Stores (Nasdaq: ALCS) operates 198 general merchandise discount stores in 23 states.  The company filed for... Read Story

October 22, 2014, 08:17 AM

UniTek Global Services, Inc. announced that the Company and its Lenders, including affiliates of Littlejohn & Co. and New Mountain Finance Corporation (the "Lenders") have agreed to the terms of a comprehensive debt restructuring (the... Read Story

October 22, 2014, 07:14 AM

Deloitte Corporate Finance LLC acted as exclusive financial advisor to Poughkeepsie-based St. Francis Hospital in its Section 363 sale to Westchester Medical Center, an advanced medical care and referral hospital located in Valhalla, NY.  The... Read Story

October 15, 2014, 07:26 AM

ALCO Stores, Inc. announced that the company and its subsidiary, ALCO Holdings, Limited Liability Company, filed on October 12, 2014 voluntary petitions for relief in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division... Read Story

October 14, 2014, 08:04 AM

Bloomberg reported the former owner of Fox & Hound and Champps casual dining restaurants wants a 90-day extension of its exclusive right to propose a Chapter 11 plan. Lender Cerberus Business Finance LLC bought the business in March without an... Read Story

October 14, 2014, 07:41 AM

Exide Technologies has received all necessary approvals from its lenders, thereby extending its debtor-in-possession (DIP) credit facility's maturity date to March 31, 2015, subject to the terms and conditions thereof. The extension provides Exide... Read Story

October 10, 2014, 07:35 AM

GT Advanced Technologies Inc. announced that it had, together with certain of its direct and indirect subsidiaries (collectively, GT), commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the... Read Story

October 07, 2014, 07:08 AM

Total bankruptcy filings totaled 705,452 nationwide during the first nine months of 2014 (Jan. 1-September 30), a 12 percent decrease from the 801,989 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc.... Read Story

October 06, 2014, 07:19 AM

Bloomberg reports Brookfield Property Partners LP, the winning bidder for the shuttered Revel casino and hotel in Atlantic City, said it plans to reopen the property as it expands its investments in gambling venues.The Bloomberg article notes... Read Story

October 02, 2014, 07:41 AM

Exide Technologies is seeking approval from its lenders for an extension of its debtor-in-possession (DIP) credit facility's maturity date to March 31, 2015. This extension would provide Exide additional time to complete negotiations with its... Read Story

October 01, 2014, 07:17 AM

SSG Capital Advisors, LLC acted as the investment banker to Alfred Giuliano, the Plan Administrator of KH Funding Company ("KH" or the "Company") in the sale of its loan portfolio to an affiliate of Aspen Capital Partners, LLC ("Aspen"). The sale was... Read Story

September 25, 2014, 07:34 AM

Reuters reports that troubled electronics retailer RadioShack Corp, is being advised by a restructuring attorney at law firm Jones Day as it tries to strike a deal with creditors to close stores while averting bankruptcy.Citing people close to the... Read Story

September 11, 2014, 07:07 AM

Reuters reports a U.S. bankruptcy court judge ruled on Tuesday that senior bondholders of bankrupt Momentive Perfomance Materials cannot change their votes to accept the quartz and silicone maker's proposed restructuring.Knocking down what he viewed... Read Story

September 10, 2014, 07:31 AM

Total bankruptcy filings in the United States decreased 16 percent in August 2014 over August of last year, according to data provided by Epiq Systems, Inc., the largest year-over-year drop thus far in 2014. Bankruptcy filings totaled 75,170 in... Read Story

September 05, 2014, 07:43 AM

Lemonis Fischer Acquisition Company, LLC, a joint venture owned by Marcus Lemonis LLC and Fischer Enterprises, L.L.C., announced it completed the acquisition of the assets of New York-based cupcake company Crumbs Bake Shop.Marcus Lemonis, host of... Read Story

September 02, 2014, 08:01 AM

According to an article from Bloomberg, some senior lenders to Apollo Global Management LLC’s (APO) Momentive Performance Materials Inc. said they want to change their vote on the chemical company’s bankruptcy plan to “yes” so they can collect a cash... Read Story

August 29, 2014, 08:08 AM

Momentive Performance Materials Inc., a global leader in the development and manufacture of silicones and products derived from quartz and specialty ceramics, announced that the U.S. Bankruptcy Court for the Southern District of New York indicated at... Read Story

August 28, 2014, 07:13 AM

Bloomberg reports Revel, the bankrupt Atlantic City casino, will close its doors next month after failing to find a qualified buyer, dealing the latest blow to the struggling New Jersey resort town. The two-year-old facility, built for $2.6 billion... Read Story

August 13, 2014, 07:03 AM

According to Bloomberg, LightSquared Inc. has filed a reorganization plan that offers new treatment to Dish Network Corp. (DISH) Chairman Charles Ergen’s $1 billion in debt, in a bid to resolve a protracted legal fight. The Bloomberg report says a... Read Story

August 11, 2014, 07:45 AM

Editor's Note: This news posting is a detailed update to the original news story posted on August 7, 2014. Eagle Bulk Shipping Inc. ("Eagle Bulk" or "the Company")announced that it has entered into a Restructuring Support Agreement ("RSA") with... Read Story

August 08, 2014, 06:50 AM

Total bankruptcy filings in the United States decreased 12 percent in July 2014 over July of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 77,469 in July 2014, down from the July 2013 total of 87,746. Consumer... Read Story

August 06, 2014, 06:35 AM

Exide Technologies announced that, on July 22, 2014 and July 25, 2014, Exide's DIP lenders approved two amendments to the company's debtor-in-possession financing facilities (the "DIP Facilities"). The sixth amendment provides the Company with $60... Read Story

July 30, 2014, 08:02 AM

Crumbs Bake Shop, a New York-based cupcake specialty store chain, announced that the U.S. Bankruptcy Court for the District of New Jersey has approved all of the First Day Motions related to its voluntary Chapter 11 process initiated July 11, 2014... Read Story

July 21, 2014, 08:04 AM

Reuters reports that Love Culture Inc on Wednesday filed for Chapter 11 bankruptcy, becoming the latest women's apparel retailer to seek protection from creditors. The article notes  that the clothing chain may be sold after having received interest... Read Story

July 17, 2014, 07:35 AM

M*Modal, a leading provider of clinical documentation and Speech Understanding™ solutions, announced that it expects to emerge from Chapter 11 within three weeks following a recent confirmation of the company's Plan of Reorganization by the U.S.... Read Story

July 17, 2014, 07:13 AM

Crumbs Bake Shop, Inc., a New York based cupcake specialty store chain, has entered into an Asset Purchase Agreement through which Lemonis Fischer Acquisition Company, LLC, a joint venture created by Marcus Lemonis LLC and Fischer Enterprises, L.L.C.... Read Story

July 14, 2014, 07:13 AM

SSG Capital Advisors, LLC acted as the investment banker to Cooper-Booth Wholesale Company, L.P., Cooper-Booth Transportation Company, L.P. and Cooper-Booth Management Company, Inc. (collectively, "CBW" or the "company") in the placement of an exit... Read Story

July 11, 2014, 07:39 AM

Genco Shipping & Trading Limited announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") confirmed its Prepackaged Plan of Reorganization (the "Plan").  Upon completion of the restructuring process, the Plan will... Read Story

July 07, 2014, 08:06 AM

Total bankruptcy filings totaled 479,362 nationwide during the first six months of 2014 (Jan. 1-June 30), a 12 percent decrease from the 544,561 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 460... Read Story

July 07, 2014, 07:31 AM

The equipment and inventory formerly owned by bankrupt Quantum Foods in three Bolingbrook facilities have been sold as a turnkey operation to West Liberty Foods, L.L.C. in a $12.7 million transaction coordinated by Tiger Group, City Capital Advisors... Read Story

June 24, 2014, 07:14 AM

Kid Brands, Inc. announced that it plans to pursue a sale of substantially all of the assets of the company, or one or more of its subsidiaries, facilitated through the filing of voluntary chapter 11 petitions in the United States Bankruptcy Court... Read Story

June 20, 2014, 07:37 AM

Reuters reports that Atlantic City's troubled Revel Casino Hotel on Jun. 19 filed its second bankruptcy in just over a year and said it is hunting for a buyer.The casino, which had gone through Chapter 11 bankruptcy in March 2013, warned employees... Read Story

June 20, 2014, 07:11 AM

The Dolan Company and its subsidiaries (collectively, the “Company”) announced that they have emerged from chapter 11 only 81 days after voluntarily filing for bankruptcy protection. As previously announced, the United States Bankruptcy Court for the... Read Story

June 13, 2014, 07:09 AM

The Dolan Company and its subsidiaries announced today that the United States Bankruptcy Court for the District of Delaware (the “Court”) has confirmed their prepackaged chapter 11 plan of reorganization. Confirmation of the plan of reorganization is... Read Story

June 10, 2014, 07:14 AM

Bloomberg reported Energy Future Holdings Corp. won U.S. bankruptcy court approval of a $5.4 billion loan it plans to use to repay senior creditors of its regulated electricity-transmission unit.The Bloomberg article notes that U.S. Bankruptcy Judge... Read Story

June 09, 2014, 07:08 AM

Total bankruptcy filings in the United States decreased 11 percent in May 2014 over May of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 85,664 in May 2014, down from the May 2013 total of 96,495. Consumer... Read Story

June 05, 2014, 07:35 AM

Multi-channel retailer Brookstone, Inc. ("Company") announced that Sailing Innovation (US) Inc., a consortium led by Sailing Capital Overseas Investment Fund, LP, along with a financing commitment from GE Capital, has been selected as the winning... Read Story

June 04, 2014, 07:38 AM

Reuters reports that a lender call was scheduled to market an alternative $1.9 billion second-lien debtor-in-possession (DIP) financing for Energy Future Intermediate Holdings (EFIH), a subsidiary that owns the regulated business for bankrupt power... Read Story

May 30, 2014, 07:23 AM

GA Keen Realty Advisors, the real estate division of Great American Group, has been retained, subject to bankruptcy court approval, by women's clothing retailer Coldwater Creek Inc. to market and auction 363+/- valuable retail leases located... Read Story

May 30, 2014, 07:14 AM

Exide Technologies, a global leader in stored electrical-energy solutions, announced it has received approval of an amendment to its Debtor-in-Possession (DIP) credit agreement.Principally, the amendment provides an extension of Exide's deadline to... Read Story

May 29, 2014, 07:28 AM

Momentive Performance Materials Inc. (MPM or the Company) announced that the U.S. Bankruptcy Court for the Southern District of New York has granted MPM final authorization to access the full amount its $570 million in committed debtor-in-possession... Read Story

May 27, 2014, 07:44 AM

Bloomberg reports that Energy Future Holdings Corp., the bankrupt Texas power provider, agreed to delay until June 30 a court fight over a restructuring agreement it struck with some creditors before filing for bankruptcy.After negotiating with... Read Story

May 23, 2014, 07:36 AM

Hilco Streambank successfully completed the Chapter 11 auction of the Dots intellectual property assets. The Dots.com domain name was sold separately for $335,000 to an individual entrepreneur. The remainder of the package was sold to a Florida... Read Story

May 15, 2014, 07:35 AM

Bloomberg reported that Quiznos Corp., the Denver-based toasted-sandwich chain that entered bankruptcy in March, received court approval of a recovery plan that cuts debt by more than $400 million.The Bloomberg article states U.S. Bankruptcy Judge... Read Story

May 13, 2014, 07:36 AM

Universal Cooperatives, Inc. and its domestic subsidiaries have filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware for the purpose of maximizing value through the sale of ongoing businesses... Read Story

May 12, 2014, 07:31 AM

Bloomberg reported that Coldwater Creek Inc., the women’s clothing retailer, won bankruptcy court approval of an agreement with liquidators Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC to run going-out-of-business sales at its... Read Story

May 07, 2014, 07:53 AM

Total bankruptcy filings in the United States decreased 13 percent in April 2014 over April of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 87,954 in April 2014, down from the April 2013 total of 100,770.... Read Story

May 06, 2014, 07:04 AM

Energy Future Holdings (EFH) announced that the U.S. Bankruptcy Court for the District of Delaware has granted the relief requested by the company in key first day motions it filed in conjunction with its voluntary petitions for reorganization under... Read Story

May 05, 2014, 07:34 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Skinny Nutritional Corporation ("Skinny" or the "Company") in the sale of substantially all of its assets to Skinny Nutritional LLC. The sale was effectuated through a Chapter 11... Read Story

May 02, 2014, 07:31 AM

Classic Party Rentals announced that the United States Bankruptcy Court for the District of Delaware has approved the acquisition of substantially all of the business of Event Rentals, Inc. and its subsidiaries, d/b/a Classic Party Rentals, by funds... Read Story

May 02, 2014, 07:23 AM

Sorenson Communications, Inc. emerged from a pre-packaged Chapter 11 process, commenced on March 3, 2014, in the United States Bankruptcy Court for the District of Delaware. Reorganized Sorenson, with a strengthened balance sheet, will continue... Read Story

May 01, 2014, 06:56 AM

According to report from Richmond Times-Dispatch, James River Coal, which filed for Chapter 11 bankruptcy protection on April 7, said it could no longer sustain its debt load after a steep decline in prices and demand for the coal it mines in the... Read Story

April 21, 2014, 06:26 AM

TelexFREE LLC announced that it and certain of its subsidiaries and affiliates filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code, in an effort to address certain operational challenges. The petitions were filed in the... Read Story

April 14, 2014, 07:42 AM

Coldwater Creek Inc. announced that the company and all of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware, in order to facilitate an orderly wind-down of its... Read Story

April 11, 2014, 07:54 AM

Total bankruptcy filings in the United States decreased 12 percent in the first calendar quarter (Jan. 1 - March 31) of 2014 from the same period in 2013, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 231,647 in the... Read Story

April 07, 2014, 07:35 AM

Innovative product development company and multi-channel lifestyle retailer Brookstone, Inc. announced that it has filed for relief under Chapter 11 in the United States Bankruptcy Court ("Court") for the District of Delaware and has entered into a... Read Story

April 04, 2014, 07:29 AM

Cengage Learning, Inc., a leading global educational content, technology and services company for the higher education and K-12, professional and library markets, announced that it has emerged from Chapter 11, having completed its financial... Read Story

April 02, 2014, 07:03 AM

Brookstone, Inc. announced that it is working toward an agreement with Spencer Spirit Holdings to acquire the company. In order to facilitate the sale, the company, with the support of holders of its outstanding bonds, is contemplating filing a... Read Story

March 28, 2014, 07:09 AM

Global Geophysical Services, Inc. announced it and certain of its domestic subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Corpus... Read Story

March 26, 2014, 07:16 AM

The Dolan Company and its subsidiaries (collectively, the “Company”) announced that it, along with certain of its subsidiaries, has agreed to a comprehensive balance-sheet restructuring with its secured lenders that, among other things, will allow... Read Story

March 21, 2014, 07:20 AM

Quantum Foods, LLC, a leading independent custom provider of value-added proteins, announced that it has received bankruptcy court approval of its entry into a fully-executed Asset Purchase Agreement with Raging Bull Acquisition Company LLC. The... Read Story

March 20, 2014, 07:24 AM

M*Modal, a leading provider of cloud-based clinical documentation and Speech Understanding solutions, announced it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the... Read Story

March 20, 2014, 07:17 AM

Quiznos, one of the nation's premier quick-service restaurant chains and pioneer of the toasted sub, announced that the U.S. Bankruptcy Court in Wilmington, Delaware (the "Court") granted the Company's request for certain "first day" orders that help... Read Story

March 18, 2014, 07:32 AM

Quiznos announced that its senior lenders have voted overwhelmingly in favor of a "pre-packaged" restructuring plan that will reduce the company's debt by more than $400 million. The plan is intended to increase the company's flexibility as it... Read Story

March 17, 2014, 07:39 AM

Cengage Learning, Inc., a leading global educational content, software and services company for the academic, professional and library markets, announced it has received confirmation of its Plan of Reorganization from the Bankruptcy Court for the... Read Story

March 14, 2014, 07:09 AM

Bloomberg reports Sbarro LLC, the 800-restaurant U.S. pizza chain, filed for bankruptcy protection for the second time in three years as customer traffic slowed in the shopping-mall food courts where many of its stores do business. The company... Read Story

March 11, 2014, 07:46 AM

Two potential bankruptcies are a warning sign of financial distress among restaurant chains, according to Fitch Ratings. Fitch does not view them as portending a widespread increase in bankruptcies of U.S. restaurants but a reflection of difficulties... Read Story

March 10, 2014, 07:37 AM

Total bankruptcy filings in the United States decreased 12 percent in February over the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 72,193 in February 2014, down 12 percent from the February 2013... Read Story

March 06, 2014, 07:29 AM

Sorenson Communications, Inc. announced it has reached an agreement with a substantial majority of its owners and second lien note holders on the terms of a comprehensive debt restructuring, a move that will significantly strengthen its balance sheet... Read Story

March 03, 2014, 07:13 AM

Restora Healthcare, an operator of two long-term acute care hospitals and skilled nursing facilities in Phoenix, announced it has filed for chapter 11 protection to recapitalize and reorganize its business. Restora’s secured lender, Healthcare... Read Story

February 25, 2014, 07:36 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Color Star Growers of Colorado, Inc. ("Color Star" or the "Company") in the sale of substantially all of its assets to Altman Plants, Raindrop Partners and Black Diamond Capital... Read Story

February 24, 2014, 07:34 AM

Classic Party Rentals announced that the U.S. Bankruptcy Court for the District of Delaware has approved all of the First Day Motions related to its voluntary chapter 11 process initiated February 13, 2014. These motions collectively will enable the... Read Story

February 21, 2014, 07:14 AM

Quantum Foods announced that it is in the final stages of negotiating a sale of substantially all its business to CTI Foods Holding Co., LLC (CTI Foods). After evaluating multiple opportunities in the process, a leader emerged with a clear strategy... Read Story

February 19, 2014, 07:52 AM

Fisker Automotive, Inc. and Fisker Automotive Holdings, Inc. (collectively, Fisker Automotive) announced that the company has obtained bankruptcy court approval of the sale of substantially all of its assets to Wanxiang America Corporation (Wanxiang)... Read Story

February 19, 2014, 07:18 AM

UPI reports U.S. retailer Brookstone Inc., which specializes in top-end gadgetry, said it was considering bankruptcy while negotiating deals to sell the company.The retail chain is about $200 million in debt according to a Wall Street Journal article... Read Story

February 18, 2014, 07:33 AM

Classic Party Rentals (“Classic”), a leading event rental and services provider, announced that it is in the final stages of completing an agreement through which substantially all of the Company’s business of Event Rentals, Inc. and its subsidiaries... Read Story

February 14, 2014, 07:33 AM

Xtreme Power, a leader in integrated power management systems and energy storage solutions, won bankruptcy court approval on February 7 to eliminate a February deadline for bids and instituted a straight auction process in March. Horizon Technology... Read Story

February 11, 2014, 07:36 AM

Bloomberg reports Constar International Holdings LLC, a maker of plastic soda bottles, won bankruptcy court approval of three asset sales totaling about $113.6 million, including a sale of the majority of its assets to Plastipak Packaging Inc. for... Read Story

February 11, 2014, 07:26 AM

Total bankruptcy filings in the United States decreased 13 percent in January from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 68,153 in January 2014, down from the January 2013 total of... Read Story

February 10, 2014, 07:29 AM

Corporate bankruptcy activity has declined to an unprecedented and record-breaking low--despite pundit predictions. BankruptcyData.com’s research reveals that current corporate bankruptcy activity, or unprecedented lack thereof, just up-ended... Read Story

February 07, 2014, 07:46 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker and financial advisor to FriendFinder Networks Inc. ("FFN" or the "Company") in the restructuring of FFN's $234.3 million senior secured notes and $329.6 million second lien notes... Read Story

January 29, 2014, 07:01 AM

Bloomberg reported Fredericksburg, Virginia’s Free Lance-Star newspaper filed for bankruptcy, saying creditor Sandton Capital Partners LP pressed the company to enter court protection to sell its assets. According ot the report, Free Lance-Star... Read Story

January 27, 2014, 06:00 AM

Plextronics, Inc. announced it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). Plextronics also filed a motion seeking authorization to pursue... Read Story

January 20, 2014, 08:01 AM

SSG Capital Advisors acted as the exclusive investment banker to MSD Performance, Inc. ("MSD" or the "Company") in the sale of substantially all of its assets to affiliates of Z Capital Partners, LLC ("Z Capital").  The sale was effectuated through a... Read Story

January 15, 2014, 07:24 AM

After almost 93 years, Loehmann’s, the premier upscale off-price specialty retailer that originated the concept, is going out of business.  Earlier this week, the U.S. Bankruptcy Court in Manhattan approved an order authorizing a joint venture formed... Read Story

January 09, 2014, 06:58 AM

Bankruptcy filings totaled 1,032,326 nationwide for calendar year 2013 (Jan. 1-Dec. 31), a 13 percent decrease from the 1,186,137 total filings in calendar year 2012, according to data provided by Epiq Systems, Inc. The 988,215 total noncommercial... Read Story

January 07, 2014, 07:28 AM

Rural/Metro Corporation, a national provider of private ambulance and fire protection services in 21 states and nearly 700 communities, announced its emergence from Chapter 11 as a reorganized company. "Today marks the successful completion of our... Read Story

January 02, 2014, 07:46 AM

According to various news sources, LightSquared is seeking to pay the fees and expenses on part of its proposed $4 billion financing package, which would move the wireless satellite company's standalone restructuring deal forward as an alternative to... Read Story

January 02, 2014, 07:33 AM

Cengage Learning Inc. is requesting bankruptcy-court permission for $2 billion in loans that will finance the company's operations after it exits Chapter 11 bankruptcy.The textbook publisher said in documents filed in late December with the U.S.... Read Story

January 02, 2014, 07:19 AM

Bloomberg reports Loehmann’s Holdings Inc., the New York-based seller of discounted designer goods operated by Whippoorwill Associates Inc., sought bankruptcy protection for a third time amid growing competition from discount chains.According to the... Read Story

December 16, 2013, 07:19 AM

Total bankruptcy filings in the U.S. for November 2013 decreased 15 percent compared to the previous year, according to data provided by Epiq Systems, Inc. November bankruptcy filings totaled 74,021, down from the 87,090 filings registered in... Read Story

December 05, 2013, 07:41 AM

GateHouse Media, Inc. and certain of its subsidiaries, comprising one of the largest publishers of locally based print and online media in the United States, have emerged from prepackaged chapter 11 bankruptcy proceedings in the United States... Read Story

November 27, 2013, 07:59 AM

Furniture Brands International announced that the United States Bankruptcy Court for the District of Delaware has declared an affiliate of KPS Capital Partners, LP ("KPS") as the winning bidder in the auction to acquire substantially all of the... Read Story

November 25, 2013, 08:04 AM

An auction of Furniture Brands International assets originally scheduled for Nov. 22 has been canceled due to a lack of bids. The U.S. Bankruptcy Court for the District of Delaware announced late Wednesday that no other qualified bids were received... Read Story

November 21, 2013, 07:31 AM

Patriot Coal Corporation announced that it has secured the required consents from its lenders to transfer a portion of the company's current letter of credit facility into a new $201 million letter of credit facility with a five-year term.... Read Story

November 13, 2013, 06:46 AM

Global Aviation Holdings, Inc., the largest commercial provider of charter air services to the U.S. military and a major provider of worldwide commercial global passenger and cargo air transportation services, today announced that the Company and its... Read Story

November 12, 2013, 07:29 AM

A bankruptcy judge cleared creditors of Michigan honey supplier Groeb Farms Inc. to vote on the company's restructuring plan, which would see it emerge from Chapter 11 protection under the ownership of a private equity firm.At a court hearing Friday... Read Story

November 12, 2013, 07:17 AM

Patriot Coal Corporation announced that the Bankruptcy Court for the Eastern District of Missouri has confirmed that thecompany's Disclosure Statement contains the information necessary to enable creditors to vote on the company's Plan of... Read Story

November 07, 2013, 07:15 AM

Total U.S. bankruptcy filings for the month of October increased 11 percent compared to September, according to data provided by Epiq Systems, Inc. October bankruptcy filings totaled 89,875, up from the 80,668 filings registered in September 2013.... Read Story

November 06, 2013, 07:31 AM

Atari Inc., the bankrupt video-game maker, won court approval to seek creditors’ votes on its plan to exit bankruptcy protection as a going concern. U.S. Bankruptcy Judge James M. Peck approved the company’s disclosure statement, an outline of the... Read Story

November 01, 2013, 07:16 AM

Laboratory Partners, Inc. (the “Company” or “MedLab”), a clinical laboratory doing business in eight states and the District of Columbia, announced that on Oct. 25 it, together with six subsidiaries, filed voluntary Chapter 11 petitions in the U.S.... Read Story

October 29, 2013, 07:38 AM

Hospitality Staffing Solutions, LLC (HSS), a leading provider of outsourced staffing solutions for the hospitality industry, has reached agreement to enter into an asset purchase agreement with HS Solutions Corporation, an entity formed by LJC... Read Story

October 25, 2013, 07:28 AM

SSG Capital Advisors, LLC acted as the exclusive investment banker to Stacy's, Inc. ("Stacy's" or the "Company") in the sale of substantially all of its assets to an affiliate of Metrolina Greenhouses, Inc. ("Metrolina Greenhouses"). The sale was... Read Story

October 16, 2013, 07:07 AM

Savient Pharmaceuticals, Inc. has elected to file voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the "Court"). Savient also filed a motion seeking authorization to pursue a sale... Read Story

October 15, 2013, 08:03 AM

Kevyn Orr, the Emergency Manager for the City of Detroit ("Detroit" or the "City"), today announced that the City has received a commitment for senior secured post-petition financing of up to $350 million from Barclays.  The proceeds of the financing... Read Story

October 14, 2013, 08:02 AM

KPS Capital Partners, LP ("KPS") announced that, through an affiliate, it has entered into an asset purchase agreement with Furniture Brands International, Inc.  and certain of its wholly-owned subsidiaries under which KPS will acquire substantially... Read Story

October 04, 2013, 07:57 AM

Total bankruptcy filings were 801,783 nationwide during the first nine months of 2013 (Jan. 1-September 30), a 13 percent decrease from the 921,927 total filings recorded during the same period a year ago, according to data provided by Epiq Systems... Read Story

October 04, 2013, 07:44 AM

Rotech Healthcare Inc. announced it has successfully completed its financial restructuring and has emerged from Chapter 11 protection. Rotech noted in a press release that it has obtained $358 million in exit financing $358 million from Wells Fargo... Read Story

September 30, 2013, 07:21 AM

GateHouse Media, Inc. announced it has commenced voluntary chapter 11 bankruptcy proceedings in the United States Bankruptcy Court for the District of Delaware. Concurrently with the bankruptcy filing, GateHouse filed and requested confirmation of a... Read Story

September 27, 2013, 08:01 AM

Reuters reported Ecotality Inc, a maker of charging stations for electric cars that won a $99.8 million grant from the U.S. Department of Energy four years ago, has filed for bankruptcy and said it plans to auction its assets next month. The report... Read Story

September 18, 2013, 07:42 AM

K-V Pharmaceutical Company ("KV") announced that its plan of reorganization (the "Plan") has become effective and that it has successfully emerged from chapter 11 with significantly reduced debt and a $375 million recapitalization. Pursuant to the... Read Story

September 17, 2013, 07:35 AM

Bloomberg reported FriendFinder Networks Inc., the owner of Penthouse magazine, sought bankruptcy protection in Delaware after reporting losses in seven consecutive years to 2012. According to the report, the Florida-based company listed assets of... Read Story

September 17, 2013, 07:00 AM

Furniture Brands International announced that the First Day motions filed on September 9, 2013 relating to the company's voluntary Chapter 11 restructuring process were approved yesterday by the U.S. Bankruptcy Court for the District of Delaware, the... Read Story

September 13, 2013, 07:59 AM

Patriot Coal Corporation announced that its debtor-in-possession financing has been extended to December 31, 2013. In a previous release from Jul. 2012, the company announced that the Bankruptcy Court for the Southern District of New York granted... Read Story

September 12, 2013, 07:12 AM

Furniture Brands International and certain of its wholly-owned subsidiaries (collectively, Furniture Brands), announced it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of... Read Story

September 10, 2013, 08:04 AM

Total bankruptcy filings in the United States for August 2013 decreased 15 percent compared to the previous year, according to data provided by Epiq Systems, Inc. August bankruptcy filings totaled 88,902, down from the 104,471 filings registered in... Read Story

September 06, 2013, 08:03 AM

Antonio M. Perez, Kodak Chairman and Chief Executive Officer, announced the company’s emergence from Chapter 11 as a reorganized company, following completion of the final steps in the restructuring process.“We have emerged as a technology company... Read Story

September 04, 2013, 07:14 AM

Thomson Reuters reports Detroit, which made the largest Chapter 9 municipal bankruptcy filing in U.S. history, on filed a request for proposals for $350 million in unprecedented financing, the city emergency manager's office said. Detroit is the... Read Story

September 03, 2013, 07:11 AM

Rotech Healthcare Inc. announced today that the U.S. Bankruptcy Court has approved the Second Amended Joint Plan of Reorganization of Rotech Healthcare Inc., along with $358 million of exit financing commitments received from Wells Fargo and certain... Read Story

August 30, 2013, 07:57 AM

The U.S. Bankruptcy Court for the Southern District of New York today confirmed Kodak’s Plan of Reorganization. The Plan describes the company’s strategy to emerge from Chapter 11 restructuring as a technology leader serving commercial imaging... Read Story

August 21, 2013, 07:38 AM

Reuters reported that public labor unions in Detroit asked a U.S. court to toss the city's bid for protection from its creditors because it is constitutionally flawed on both the state and federal levels.According to the Reuters report, a union that... Read Story

August 20, 2013, 07:19 AM

By filing for Chapter 11 and settling fraud charges involving a former CFO, Anchor BanCorp tries to finally put the financial crisis behind it, CFO.com reports.In just this one week, Anchor BanCorp entered bankruptcy, had its former CFO accused of... Read Story

August 19, 2013, 07:49 AM

Reuters reported Detroit's public-employee pension funds, bondholders, bond insurers, vendors, retirees and others expected to oppose the city's bankruptcy filing have until the end of the day today to file objections in U.S. Bankruptcy Court.... Read Story

August 19, 2013, 07:14 AM

Holsted Marketing, Inc., a New York-based multichannel direct-marketing company, announced that its plan of reorganization was approved by creditors and confirmed by the U. S. Bankruptcy Court. Holsted filed its chapter 11 case on August 28... Read Story

August 15, 2013, 07:41 AM

Anchor BanCorp Wisconsin announced that the Holding Company has entered into definitive stock purchase agreements with a number of institutional and other private investors as part of a $175 million recapitalization of the institution. No new... Read Story

August 13, 2013, 07:33 AM

Orchard Supply Hardware Stores, a neighborhood hardware and garden store focused on paint, repair and the backyard, announced that, after completing a Court-approved marketing process, it intends to proceed toward completing the previously announced... Read Story

August 12, 2013, 07:59 AM

Swift Air LLC has signed a definitive Plan Funding Term Sheet with NIMBOS LLC that provides for a substantial capital infusion and paves the way for the company to emerge from Chapter 11 by late September concluding its thirteen month... Read Story

August 12, 2013, 07:19 AM

Total bankruptcy filings in the United States for July 2013 decreased 10 percent compared to the previous year, according to data provided by Epiq Systems, Inc. July bankruptcy filings totaled 87,684, down from the 97,287 filings registered in July... Read Story

August 06, 2013, 07:38 AM

Global Axcess Corp.  a leading provider of ATM services and DVD self-service kiosks, announced today that it entered into as Asset Purchase Agreement with a "stalking horse bidder," Financial Consulting & Trading International, Inc., a wholly owned... Read Story

August 05, 2013, 02:25 PM

Rural/Metro Corporation, a national provider of private ambulance and fire protection services in 21 states and nearly 700 communities, has reached an agreement-in-principle on a comprehensive financial restructuring plan that will strengthen the... Read Story

August 05, 2013, 08:01 AM

Kodak announced that it has completed the syndication of its previously announced $695 million exit and post-emergence term-loan credit facilities. The credit facilities, along with the proceeds from the previously announced rights offering, cash on... Read Story

August 02, 2013, 07:59 AM

Phoenix Capital Resources acted as the exclusive investment banker to Trans National Communications International, a Boston, MA-based provider of diversified telecommunications services primarily to small- and medium-sized businesses in the United... Read Story

August 01, 2013, 07:44 AM

Exide Technologies reported today that it has received final Bankruptcy Court approval of its $500 million debtor-in-possession (DIP) financing provided by JP Morgan Chase and a group of lenders to whom the DIP financing was syndicated.On June 10... Read Story

July 25, 2013, 07:28 AM

Reuters reported Detroit filed the largest municipal bankruptcy in U.S. history on Thursday, setting the stage for a costly court battle with creditors.According to the Reuters report, the bankruptcy, if approved by a federal judge, would force... Read Story

July 19, 2013, 07:46 AM

Orchard Supply Hardware Stores, a neighborhood hardware and garden store focused on paint, repair and the backyard, announced that the United States Bankruptcy Court for the District of Delaware has given final approval for the company to access $177... Read Story

July 17, 2013, 07:49 AM

The Deloitte Corporate Restructuring Group (Deloitte CRG) within Deloitte Financial Advisory Services LLP served as financial and restructuring advisor to TC Global, Inc. (Tully's Coffee) throughout the bankruptcy process and during its sale of... Read Story

July 09, 2013, 07:33 AM

Wireless broadband communications company LightSquared is splitting its proposed $3 billion senior secured exit term loan into a $2 billion first-lien loan and $1 billion second-lien tranche, sources told Thomson Reuters LPC. The loan originally... Read Story

July 08, 2013, 07:27 AM

Cengage Learning, Inc., a leading educational content, software and services company for the academic, professional and library markets worldwide, announced an agreement with certain of its lenders to restructure its balance sheet and significantly... Read Story

July 03, 2013, 07:43 AM

The Reader's Digest Association, Inc., the iconic multi-brand and multi-platform media company, announced on Jun.28 that the United States Bankruptcy Court for the Southern District of New York has confirmed its Plan of Reorganization and expects to... Read Story

July 01, 2013, 07:52 AM

Bloomberg reports Eastman Kodak won court approval for creditors to vote on the photography pioneer’s plan to reorganize and exit bankruptcy protection by selling $406 million of stock. Kodak can move forward with its restructuring by sending the... Read Story

June 26, 2013, 07:53 AM

Ahern Rentals, Inc. announced the company’s final emergence from Chapter 11 bankruptcy case. Ahern sought Chapter 11 protection on December 22, 2011, after it was unable to extend the maturity of its revolving credit facility. During the case, the... Read Story

June 25, 2013, 07:28 AM

Radiation Therapy Services Holdings announced that its wholly owned subsidiary, Radiation Therapy Services Inc., entered into a "stalking horse" investment agreement to acquire OnCure Holdings, Inc. (together with its subsidiaries, "OnCure") upon... Read Story

June 25, 2013, 07:15 AM

SSG Capital Advisors acted as the exclusive investment banker to the Chapter 11 Trustee of Snö Mountain LP ("Snö Mountain" or the "Resort") in the sale of substantially all of the Resort assets to Montage Mountain Resorts, LP ("Montage"). The sale... Read Story

June 21, 2013, 07:40 AM

Eastman Kodak Company announced that it has reached agreements with leading financial institutions J.P. Morgan, Bank of America Merrill Lynch, and Barclays to arrange new post-emergence credit facilities of up to $895 million.Affiliates of J.P.... Read Story

June 20, 2013, 08:07 AM

Orchard Supply Hardware Stores, a neighborhood hardware and garden store focused on paint, repair and the backyard, has reached an agreement through which Lowe’s Companies will acquire the majority of its assets for $205 million in cash, plus the... Read Story

June 17, 2013, 08:03 AM

OnCure Holdings, Inc. and certain of its affiliates, leading providers of management services and facilities to oncology physician groups throughout the country, filed voluntary petitions to commence proceedings under Chapter 11 of the United States... Read Story

June 17, 2013, 07:08 AM

Exide Technologies announced that it has received U.S. Court approval of a variety of motions that will support the Company's operations as it proceeds with its restructuring, including interim approval of its $500 million Debtor-in-Possession (DIP)... Read Story

June 12, 2013, 07:45 AM

NE Opco Inc., the largest closely held envelope maker in North America, won court approval to borrow as much as $60 million of a bankruptcy loan to help fund operations. U.S. Bankruptcy Judge Christopher Sontchi indicated at a hearing today in... Read Story

June 12, 2013, 07:14 AM

Exide Technologies filed a voluntary petition for reorganization pursuant to U.S. federal restructuring laws in order to facilitate the financial and operational restructuring necessary to strengthen its balance sheet and its business to position the... Read Story

June 10, 2013, 08:04 AM

Reuters reports Judge Shelley Chapman said at a hearing in U.S. Bankruptcy Court in New York on Jun. 6, that LightSquared can hire investment bank Jefferies LLC to arrange credit facilities to pave the way for it to exit Chapter 11. LightSquared LP... Read Story

June 07, 2013, 07:52 AM

Healthcare Finance Group announced it has provided $18.0 million in debtor-in-possession financing to KidsPeace Corporation ("KidsPeace"). KidsPeace provides pediatric behavioral health services with residential treatment facilities in Pennsylvania... Read Story

June 06, 2013, 08:07 AM

Ahern Rentals announced its Second Amended Plan of Reorganization, as amended, was confirmed today by the U.S. Bankruptcy Court for the District of Nevada. The plan confirmation paves the way for the Company’s emergence from Chapter 11 bankruptcy... Read Story

June 06, 2013, 07:54 AM

Total bankruptcy filings in the United States decreased 12 percent in May over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 96,430 in May 2013, down from the May 2012 total of 109,538. Consumer filings... Read Story

June 06, 2013, 07:35 AM

iGPS Company LLC, operator and owner of the largest global pallet rental pool of lightweight, 100% recyclable plastic platforms with embedded RFID tags, today announced that it has reached an agreement for the sale of substantially all of its assets... Read Story

June 05, 2013, 07:52 AM

Otelco Inc. announced that it has emerged from bankruptcy and completed its balance sheet restructuring process, including an extension of its senior credit facility.“Today, we completed the actions necessary to implement the final steps of our... Read Story

May 28, 2013, 07:41 AM

School Specialty, Inc. announced the U.S. Bankruptcy Court for the District of Delaware entered an order confirming the Company's Second Amended Joint Plan of Reorganization (the Plan). School Specialty expects the Plan to become effective within the... Read Story

May 24, 2013, 07:23 AM

Dow Jones Bankruptcy Review reports that after two years of budget cuts and further hits from the federal budget sequestration, officials at one of the nation's busiest bankruptcy courts say they are barely getting by on a bare-bones budget. The... Read Story

May 24, 2013, 07:17 AM

Law360 reported Ahern Rentals Inc. has asked a Nevada bankruptcy judge to sign off on a $415 million financing package from Jeffries Finance LLC that it plans to use to fund its Chapter 11 exit.According to the report, the equipment rental company... Read Story

May 22, 2013, 07:47 AM

Revel AC Inc., announced it has successfully completed its financial restructuring and emerged from Chapter 11 of the United States Bankruptcy Code. Through the restructuring plan, which has been approved by both the U.S. Bankruptcy Court for the... Read Story

May 22, 2013, 07:23 AM

AMF Bowling Worldwide, Inc. and certain of its affiliates ("AMF") filed a new chapter 11 plan of reorganization and disclosure statement today sponsored by Strike Holdings LLC (known as Bowlmor), and certain of AMF's second lien lenders, including... Read Story

May 20, 2013, 07:51 AM

Revel AC Inc. announced the U.S. Bankruptcy Court for the District of New Jersey (Camden) has confirmed Revel’s prepackaged plan of reorganization (the “Plan”) under Chapter 11 of the Bankruptcy Code. The Plan was unanimously accepted by creditors... Read Story

May 14, 2013, 08:04 AM

Geokinetics Inc. announced that the Company and its domestic subsidiaries have successfully emerged from chapter 11 protection and the Company's second modified joint plan of reorganization (the "Plan") has become effective.  David J. Crowley, the... Read Story

May 13, 2013, 08:03 AM

Bloomberg reports AMR Corp., the airline merging with US Airways Group Inc., won court approval to borrow as much as $3.25 billion as it moves toward exiting bankruptcy.AMR, the parent of American Airlines, sought the financing to take advantage of... Read Story

May 13, 2013, 07:24 AM

Skinny Nutritional Corp. filed a voluntary Chapter 11 petition in the United States Bankruptcy Court for the Eastern District of Pennsylvania on May 3, 2013. The company, manufacturer of "Skinny Water" and other Skinny branded products, sought... Read Story

May 13, 2013, 07:11 AM

The Deal Pipeline reports Oreck Corp., which makes and sells vacuum cleaners and air purification products, has filed for bankruptcy protection to pursue the sale of its assets. The Nashville company and eight affiliates submitted Chapter 11... Read Story

May 09, 2013, 07:11 AM

Total bankruptcy filings in the United States decreased 8 percent in April over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 100,702 in April 2013, down from the April 2012 total of 108,996. Consumer filings... Read Story

May 06, 2013, 08:07 AM

SSG Capital Advisors acted as the exclusive investment banker to Whitley Products, Inc.  in the sale of certain operating assets to Tricorn Group plc ("Tricorn"). The transaction closed in March 2013. With a history of over 60 years, Whitley... Read Story

May 02, 2013, 07:52 AM

CODA Holdings, Inc.  announced it is focusing its business strategy on the growing energy storage market.  CODA plans to implement the restructuring of its business through a voluntary filing under Chapter 11 of the U.S. Bankruptcy Code.  The... Read Story

May 02, 2013, 07:31 AM

Eastman Kodak Company announced the company filed its Plan of Reorganization and Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of New York.The Plan of Reorganization and Disclosure Statement contain a detailed... Read Story

May 01, 2013, 07:12 AM

School Specialty, Inc. announced the U.S. Bankruptcy Court for the District of Delaware issued an order preliminarily approving the company's Disclosure Statement and authorized the company to begin soliciting approval for its Amended Joint Plan of... Read Story

April 26, 2013, 07:34 AM

Thomson Reuters reported turnaround guru Wilbur Ross told one of the biggest annual gatherings of restructuring professionals on Friday the industry's system of basing pay on hours worked should be scrapped to control the spiraling cost of Chapter 11... Read Story

April 22, 2013, 08:00 AM

Revel AC Inc. announced the US Bankruptcy Court for the District of New Jersey (Camden) has entered a final order to approve Revel’s approximate $250 million debtor-in-possession financing to help support and maintain its day-to-day operations... Read Story

April 19, 2013, 08:09 AM

The Scooter Store announced that it will move to transform its business model through the sale of substantially all of its assets under section 363 of the United States Bankruptcy Code. As part of these efforts, the company commenced a voluntary... Read Story

April 16, 2013, 07:25 AM

Powerwave Technologies has entered into a debtor in possession credit and security agreement with P-Wave Holdings, LLC, an affiliate of The Gores Group. Under the agreement, P-Wave Holdings will make available to the company a multiple draw senior... Read Story

April 15, 2013, 07:18 AM

SSG Capital Advisors acted as the exclusive investment banker to Cylex Inc. (Cylex) in the sale of substantially all of its assets to Viracor-IBT Laboratories (Viracor-IBT). The sale was effectuated through a Chapter 11 Section 363 process and was... Read Story

April 11, 2013, 07:52 AM

The U.S. Bankruptcy Court for the District of New Jersey has approved a $5 million financing agreement for five Connecticut nursing homes that will allow the facilities to continue providing quality patient care during their Chapter 11 reorganization... Read Story

April 11, 2013, 07:08 AM

Hostess Brands announced that it has obtained U.S. Bankruptcy Court approval to sell its Drake's snack cake brand as well as four of its northwest regional bread brands in two separate transactions totaling approximately $58.4 million in... Read Story

April 10, 2013, 07:34 AM

Rotech Healthcare filed voluntary petitions for reorganization under Chapter 11 of the U.S Bankruptcy Code as well as its plan of reorganization as the next step towards completing its debt reduction and restructuring announced on March 15, 2013.... Read Story

April 09, 2013, 07:10 AM

Total bankruptcy filings in the United States decreased 16 percent in the first calendar quarter (Jan. 1 - March 31) of 2013 from the same period in 2012, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 263,516 in the... Read Story

April 04, 2013, 07:02 AM

Acknowledging the time constraints that Revel AC Inc. faces to get its financial house in order in time for the summer season, U.S. Bankruptcy Judge Judith Wizmur on Wednesday approved a series of first-day motions by attorneys for the casino... Read Story

March 28, 2013, 07:47 AM

SSG Capital Advisors acted as the exclusive investment banker to Vivaro Corporation in the sale of substantially all of its assets to Next Angel, LLC. The sale was effectuated through a Chapter 11 Section 363 process and was approved by the... Read Story

March 28, 2013, 07:25 AM

AC Revel Inc., owner of the struggling Revel casino in Atlantic City, formally filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Camden Monday, as expected. The prepackaged bankruptcy, with terms Revel's creditors have agreed to, is meant... Read Story

March 26, 2013, 07:46 AM

RDA Holding Co., parent company of The Reader's Digest Association, Inc., announced that it has obtained final Court approval of its $105 million debtor-in-possession financing agreement.The financing, which will be used in conjunction with cash... Read Story