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News Stories (371 Results) - Bankruptcy

Perkins & Marie Callender’s announced that it has executed an Asset Purchase Agreement with Perkins Group LLC for the sale of its Perkins’ business and a segment of its Foxtail bakery business. In order to facilitate the sale, the Company has... Read Story
August 06, 2019, 09:00 AM


PES Energy Inc. and its subsidiaries (including its principal operating subsidiary, Philadelphia Energy Solutions Refining and Marketing LLC) (together, the “Company”) announced today that they had filed for bankruptcy protection under Chapter 11 of... Read Story
July 23, 2019, 08:40 AM


Weatherford International plc, Weatherford  International Ltd. and Weatherford International, LLC, one of the largest multinational oilfield  service companies providing innovative solutions, technology and services to  the oil and gas industry... Read Story
July 08, 2019, 08:50 AM


Monitronics International, Inc., the wholly owned subsidiary of Ascent Capital Group, Inc., announced that it has voluntarily initiated its previously announced planned financial restructuring under Chapter 11 of the U.S. Bankruptcy Code to... Read Story
July 02, 2019, 08:55 AM


Legacy Reserves Inc., and collectively with its subsidiaries, announced its board of directors has approved, and the company has executed, a restructuring support agreement with its lenders under its reserve based revolving credit facility (RBL... Read Story
June 14, 2019, 09:30 AM


A bankruptcy filing isn't often associated with something to celebrate - unless you're a law firm handling one of the biggest Chapter 11 filings of the year.According to data tally by New York Law Journal, and analyzed by Forbes, all told attorneys... Read Story
June 13, 2019, 09:00 AM


INSYS Therapeutics, Inc., a specialty pharmaceutical development and distribution company, announced that INSYS has filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court in the District of Delaware to... Read Story
June 10, 2019, 09:15 AM


FTD Companies, Inc. (FTD), a premier floral and gifting company, announced that the Company and substantially all of its domestic subsidiaries have filed voluntary petitions commencing cases under Chapter 11 in the U.S. Bankruptcy Court for the... Read Story
June 04, 2019, 09:00 AM


Bristow Group Inc. (BRS) announced that the company has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Bristow intends to use the proceedings to restructure and strengthen its balance... Read Story
May 13, 2019, 09:15 AM


Emergent Capital, Inc. and its subsidiaries have reached a global settlement in principle of the Chapter 11 cases of certain of its subsidiaries and the suit it filed against LNV Corporation, Silver Point Capital L.P. and GWG Holdings, Inc in United... Read Story
May 10, 2019, 08:55 AM


A hedge fund that promised to turn around the popular discount shoe retailer Payless ShoeSource after its emergence from Chapter 11 in 2017 instead let it whither on the vine, eventually landing the company back in bankruptcy court in February... Read Story
April 29, 2019, 09:15 AM


Ritchie Bros., a global leader in asset management and disposition, announced that it has received bankruptcy court approval to purchase the assets of Welded Construction, L.P. together with Gordon Brothers, the global advisory, restructuring, and... Read Story
April 29, 2019, 08:50 AM


Hexion Inc. announced it has entered into a Restructuring Support Agreement (RSA) with the vast majority of holders of each of the company’s notes issuances, representing consensus across its capital structure, on the terms of a consensual financial... Read Story
April 02, 2019, 08:45 AM


Boutique denim company Diesel Jeans has filed for Chapter 11 bankruptcy protection, wavering under the strain of some $7.4 million in unsecured trade obligations, according to First Day Motions filed in bankruptcy court in Delaware. From  its ... Read Story
March 06, 2019, 08:07 AM


Taking issue with a judge's ruling against the company in a dispute with bondholders, a defiant Windstream Holdings, Inc. announced that it and all of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S.... Read Story
February 26, 2019, 08:28 AM


Payless ShoeSource (“Payless” or the "Company") today announced that the U.S. Bankruptcy Court for the Eastern District of Missouri (the “U.S. Bankruptcy Court”) has approved the Company’s first day motions related to its voluntary filing for relief... Read Story
February 20, 2019, 09:30 AM


Bloomberg reported McKinsey & Co. agreed to pay $15 million to end a probe by the U.S. Trustee into whether the global consulting firm violated disclosure rules designed to prevent conflicts of interest in corporate bankruptcies, a federal judge said... Read Story
February 20, 2019, 09:06 AM


The other shoe is about to drop for discount footwear retailer Payless ShoeSource Inc., which is reportedly preparing to file for bankruptcy this month, the second time since 2017.   According to sources cited by Reuters, the company has been... Read Story
February 15, 2019, 09:00 AM


Toys"R"Us® has officially emerged as a new company, with new leadership and a new vision to deliver the magic of its iconic brands around the world. Effective January 20, 2019, the new company, Tru Kids Inc. doing business as Tru Kids BrandsTM... Read Story
February 12, 2019, 08:01 AM


New England Motor Freight, Inc. announced that the Company and ten related entities have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark on February 11, 2019.... Read Story
February 12, 2019, 07:27 AM


Editor's Note: On Friday, February 8, 2019, ABL Advisor inaccurately reported the restructuring facility amount provided by Citizens Bank. The correct amount is $105 million. We apologize for this error. FULLBEAUTY Brands Holdings Corp. announced... Read Story
February 11, 2019, 07:13 AM


Store closing sales have begun at 798 Gymboree and Crazy 8 locations throughout the United States and Canada. The closing sales will be operated by a consortium of leading asset disposition firms including Great American Group, LLC, Tiger Capital... Read Story
January 21, 2019, 08:18 AM


Kentucky-based Innovative Mattress Solutions (IMS), parent company of Sleep Outfitters, Mattress Warehouse, and Mattress King, commenced voluntarily restructuring under Chapter 11, citing "a transformative stage" in the company's 35-year... Read Story
January 14, 2019, 07:38 AM


Sears Chairman Eddie Lampert isn't letting the company's 125-year retail legacy go without a fight. According to multiple news reports, Lampert tacked on to his original bid to buy the company through his hedge fund ESL Investments after his original... Read Story
January 10, 2019, 08:00 AM


Total commercial Chapter 11 filings during calendar year 2018 dropped 5 percent compared with 2017, 5,470 from 5,762, according to data provided by Epiq Systems, Inc. The 37,822 total commercial filings during 2018 dipped 2 percent from the... Read Story
January 09, 2019, 07:10 AM


Clothing retailer FULLBEAUTY Brands Inc. announced that it has entered into a comprehensive Restructuring Support Agreement with key stakeholders, including its equity sponsors, Apax Partners and Charlesbank Capital Partners, holders of 100% of its... Read Story
January 04, 2019, 08:27 AM


Real estate advisory and brokerage firm A&G Realty Partners will auction 10 department store properties formerly owned by The Bon-Ton Stores, Inc., on Jan. 28 in New York. All bids for the bankruptcy auction, which centers on fee-owned properties in... Read Story
January 04, 2019, 08:05 AM


The iconic 125-year old retailer Sears may have less than 24 hour to survive before creditors opt to liquidate the storied firm, which filed for bankruptcy in October, according to published reports.  Despite receiving $300 million in debtor in... Read Story
December 28, 2018, 08:53 AM


Republic  Metals  Refining  Corporation,  a Florida-based provider of precious metals refining services, has asked a bankruptcy judge to approve the sale of the company "Free and Clear of All Liens, Claims, Rights,  Interests  and  Encumbrances"... Read Story
December 27, 2018, 08:00 AM


Rite Aid Corporation announced that it has entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million “first-in, last out” senior secured term loan facility... Read Story
December 21, 2018, 09:03 AM


American Tire Distributors, Inc. ("ATD" or the "Company") announced that the United States Bankruptcy Court for the District of Delaware ("the Court") has confirmed the Company's Plan of Reorganization (the "Plan"). The Company expects to complete... Read Story
December 20, 2018, 08:05 AM


Parker Drilling Company announced that it and its material U.S. subsidiaries have entered into a restructuring support agreement ("RSA") with holders  of the Company's securities, including a significant amount of its 7.50% Senior Notes due 2020 and... Read Story
December 13, 2018, 08:25 AM


Waypoint Leasing Holdings Ltd., the largest independent global helicopter leasing company, announced that it and certain subsidiaries have entered into an agreement to be purchased by Macquarie Group for approximately $650 million. Macquarie... Read Story
December 10, 2018, 09:01 AM


As it struggles to right itself following a high profile sexual misconduct scandal, USA Gymnastics filed a voluntary petition for protection under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Indiana.... Read Story
December 06, 2018, 08:02 AM


Second Avenue Capital Partners, LLC,  announced the closing of a $20,000,000 asset based credit facility to help fund the purchase and on-going working capital needs of a new entity under the banner of Fallas Stores. This new facility was integral to... Read Story
November 27, 2018, 07:04 AM


Waypoint Leasing Holdings Ltd., the largest independent global helicopter leasing company, announced that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy... Read Story
November 26, 2018, 07:24 AM


LBI Media, Inc. announced it is pursuing a financial restructuring in order to implement an agreement with 100% of the Company’s senior lenders to reduce LBI’s debt by more than $350 million. LBI has also received a commitment for a new $38 million... Read Story
November 26, 2018, 07:00 AM


David's Bridal announced that it has taken the expected next step to implement its previously announced restructuring support agreement (RSA), filing for Chapter 11 in United States Bankruptcy Court in the District of Delaware. The court-supervised... Read Story
November 20, 2018, 07:50 AM


A bankruptcy judge in Virginia approved a proposal that could salvage the iconic toy retailer Toys “R” Us by giving control of the brand to a group of hedge funds that will earn money primarily through licensing ventures.  As ABLA reported last... Read Story
November 14, 2018, 08:28 AM


James Candy Company (JCC) announced a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of New Jersey. JCC anticipates the process of reorganization to move swiftly as it continues... Read Story
November 13, 2018, 07:50 AM


Sears Holdings Corporation announced that it has sought court approval of a "stalking horse" asset purchase agreement with Service.com to acquire the Sears Home Improvement business (SHIP) in a sale process under Section 363 of the U.S. Bankruptcy... Read Story
November 05, 2018, 09:04 AM


A massive amount of home-improvement and furnishings merchandise—about 1.5 million items valued at more than $23 million—is available at liquidation-sale discounts as bankrupt Home Owners Bargain Outlet (HOBO) shutters all seven of its stores... Read Story
November 05, 2018, 07:17 AM


Gastar Exploration Inc. announced that it has entered into a restructuring support agreement with the Company's largest (and only) funded-debt creditors and largest common shareholders, certain funds affiliated with Ares Management LLC.  Subject to... Read Story
October 29, 2018, 07:14 AM


As many had anticipated, Sears Holdings Corporation filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.The Company expects to move through the restructuring... Read Story
October 15, 2018, 07:23 AM


National Stores will begin a store closing sale at 184 of its remaining locations, the company said. The store closing sales are being conducted by a joint venture consisting of Hilco Merchant Resources, Gordon Brothers and SB360 Capital Partners.... Read Story
October 15, 2018, 07:19 AM


Claire's Stores, Inc. announced that it successfully completed its financial restructuring and emerged from Chapter 11 as the Company's court-confirmed Third Amended Plan of Reorganization went into effect October 12, 2018. With support from its... Read Story
October 15, 2018, 07:15 AM


The iconic toy retailer Toys "R" Us may get a second chance at thrilling kids the world over, with the company's creditors reportedly indicating that they are reconsidering the liquidation of the company. Reuters reports that the company's top... Read Story
October 04, 2018, 10:00 AM


Brookstone Company, Inc. announced that it has signed a Letter of Intent with Bluestar Alliance, LLC to acquire the brand assets of the company and to serve as a stalking horse bidder in Brookstone's Chapter 11 restructuring. In addition, the... Read Story
September 10, 2018, 08:01 AM


Commercial Chapter 11 bankruptcies for August totaled 361, down 27 percent from the 492 commercial Chapter 11 filings in August 2017, according to data provided by Epiq Systems, Inc. Total business filings decreased 6 percent to 3,164 from August... Read Story
September 07, 2018, 07:17 AM


Verity Health System of California, Inc., a nonprofit healthcare system, today filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Central District of California – Los Angeles... Read Story
September 04, 2018, 08:01 AM


Cenveo, Inc., a diversified manufacturer of print-related products including envelopes, custom labels, commercial print, and publisher solutions,  announced that the United States Bankruptcy Court for the Southern District of New York has confirmed... Read Story
August 20, 2018, 08:00 AM


National Stores, Inc., a 344 store chain in twenty-two states and Puerto Rico, announced today that it has initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. The Company filed voluntary... Read Story
August 07, 2018, 07:48 AM


RM Holdco LLC and its subsidiaries, the operator of Chevys Fresh Mex, El Torito, and other full-service Mexican restaurant brands, announced that it has executed an Asset Purchase Agreement with an affiliate of Z Capital Group, LLC.  In order to... Read Story
August 06, 2018, 07:08 AM


Heritage Home Group LLC announced that it, its parent company HH Global II BV, and its related U.S. affiliates have filed petitions with the U.S. Bankruptcy Court for the District of Delaware in Wilmington to commence a restructuring process that... Read Story
July 31, 2018, 08:00 AM


The NORDAM Group, Inc., together with its domestic subsidiaries and affiliates, announced it has filed a voluntary petition for protection under Chapter 11 reorganization. NORDAM’s foreign subsidiaries and affiliates have not filed for Chapter 11... Read Story
July 24, 2018, 08:00 AM


Global private equity giant Silver Lake Partners is reportedly seeking to invest $500 million into bankrupt communications firm iHeartMedia. According to a report in The Wall Street Journal, Silver Lake extended the overture to iHeart's largest... Read Story
July 20, 2018, 07:24 AM


Embattled film production studio The Weinstein Co. has reached a deal with creditors to move forward with its previously announced sale to Lantern Capital Partners. The compromise comes just days ahead of a scheduled hearing on the matter. The... Read Story
July 09, 2018, 08:00 AM


Members of the Congressional Progressive Caucus, led by Co-Chairs Rep. Raúl M. Grijalva (D-AZ) and Rep. Mark Pocan (D-WI), along with CPC Vice Chair Rep. Keith Ellison (D-MN), and Sen. Bernie Sanders (I-VT), are taking aim at two of the world's... Read Story
July 09, 2018, 08:00 AM


The Rockport Group announced that, after completing a Court approved marketing process, it intends to complete the previously announced Asset Purchase Agreement  with CB Marathon Opco, LLC, an affiliate of Charlesbank Capital Partners, LLC, pending... Read Story
July 05, 2018, 08:00 AM


EV Energy Partners, L.P. announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 as a new corporation under the name Harvest Oil & Gas Corp.  Through the restructuring, Harvest has eliminated... Read Story
June 05, 2018, 07:09 AM


Remington Outdoor Company announced that it has emerged from Chapter 11 after successfully implementing its plan of reorganization previously confirmed by the Delaware bankruptcy court on May 4, 2018. The Plan provides a comprehensive balance sheet... Read Story
May 18, 2018, 07:30 AM


Total U.S. bankruptcy filings increased 3 percent in April 2018 over April of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 69,736 in April 2018, up from the April 2017 total of 67,710. The 66,510 consumer... Read Story
May 07, 2018, 07:29 AM


Lantern Capital Partners, a Dallas-based private equity firm that specializes in investing in underperforming companies, has been selected as the winning bidder for the purchase of bankrupt film production studio The Weinstein Company, according to... Read Story
May 03, 2018, 08:00 AM


Gibson Brands Inc., the company that brought the world the famed Les Paul guitar used by many music legends through the years, announced it is entering Chapter 11 bankruptcy protection. Gibson said in a statement the company will be re-focusing on... Read Story
May 02, 2018, 07:50 AM


FirstEnergy Corp.announced it has reached an agreement in principle with two groups of key creditors in the Chapter 11 proceedings of FirstEnergy Solutions (FES), its related entities and FirstEnergy Nuclear Operating Company (FENOC) on a proposed... Read Story
April 24, 2018, 07:12 AM


Bertucci's, the casual restaurant known for its authentic Italian foods and signature brick oven pizzas, announced that it filed voluntary petitions for relief under Chapter 11 over the weekend in the United States Bankruptcy Court for the District... Read Story
April 16, 2018, 07:31 AM


The Bon-Ton Stores, Inc. announced that it has received a signed letter of intent from an investor group composed of DW Partners, Namdar Realty Group (including its partner Mason Asset Management) and Washington Prime Group (the "investor group")... Read Story
April 10, 2018, 07:14 AM


Nine West Holdings, Inc., a leading footwear, accessories, women's apparel, and jeanswear company with a portfolio of brands that includes Nine West, Anne Klein, and Gloria Vanderbilt, today announced that it has filed voluntary petitions for... Read Story
April 09, 2018, 08:01 AM


Remington Outdoor Company, a manufacturer of small arms, has filed for Chapter 11 protection from its creditors in U.S. Bankruptcy Court in Delaware. The company listed assets of $100-500 million and liabilities of $100-500 million. Remington did... Read Story
March 26, 2018, 08:00 AM


The massive liquidation of retail toy giant Toys 'R' Us begins Thursday, with more than 700 locations in the U.S. and Puerto Rico set to shutter by June, according to the company's plans.   The timetable was disclosed Tuesday at a hearing in U.S.... Read Story
March 22, 2018, 08:00 AM


Following an 11th hour effort to save the troubled film production firm from bankruptcy, Weinstein Co. announced that it filed for Chapter 11 protection. The company filed for bankruptcy in a Delaware court, listing $500 million to $1 billion in... Read Story
March 20, 2018, 07:38 AM


Total commercial bankruptcy filings decreased slightly in February 2018 to 2,795, representing a 2.5 percent decrease from the 2,866 business filings recorded in February 2017, according to data provided by Epiq Systems, Inc. The 425 total commercial... Read Story
March 12, 2018, 08:00 AM


Orexigen Therapeutics, Inc., a biopharmaceutical company focused on the treatment of obesity, announced that it has elected to file a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware... Read Story
March 12, 2018, 07:51 AM


iHeartCommunications, Inc., an indirect subsidiary of iHeartMedia, Inc. was given a temporary reprieve from its lenders, delaying an expected bankruptcy filing from the troubled communications firm. The company entered into a Forbearance Agreement... Read Story
March 06, 2018, 08:00 AM


Tops Markets, LLC announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company’s balance sheet and position Tops for long-term success.Tops stores across the Company’s portfolio in... Read Story
February 23, 2018, 07:10 AM


The Bon-Ton Stores began store closing sales on February 1 at 42 select locations as part of the company’s recently announced store rationalization program and Chapter 11 Bankruptcy filing on February 6, 2018 The in-store sales will take place at Bon... Read Story
February 21, 2018, 07:10 AM


Remington Outdoor Company announced that it has reached a Restructuring Support Agreement with creditors holding a majority of the FGI Operating Company, LLC Term Loans due in 2019 and 7.875% Senior Secured Notes due in 2020. The RSA provides for the... Read Story
February 13, 2018, 08:01 AM


The Bon-Ton Stores, Inc. announced that the company and its subsidiaries have filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District... Read Story
February 05, 2018, 07:30 AM


Haynes and Boone, LLP represented The Bank of Tokyo-Mitsubishi UFJ, Ltd, as Administrative Agent to a large group of international commodity finance banks in their successful recovery of more than $2 billion in debt owed by Noble Americas Corp. — a... Read Story
January 18, 2018, 07:33 AM


EXCO Resources, Inc., an oil and natural gas exploration firm, announced that in order to facilitate a restructuring of its balance sheet, the company and certain of its subsidiaries have filed voluntary petitions for a court-supervised... Read Story
January 16, 2018, 07:28 AM


Completed distressed debt and bankruptcy restructuring activity totaled $282.2 billion during full year 2017, a 18% decrease compared to 2016, according to data released by Thomson Reuters.There were 302 completed restructuring transactions worldwide... Read Story
January 15, 2018, 07:31 AM


A newly published analysis of distressed exchanges, or DEs, by Moody's Investors Service finds corporates' use of DEs increasing since the global financial crisis, with companies such as Chesapeake Energy and Claire's Stores contributing to the... Read Story
January 02, 2018, 07:37 AM


J.G. Wentworth Co. filed a pre-packaged petition for Chapter 11 protection, the second timein five years the specialty finance comoany has sought credit protection from the courts. The company is seeking to restructure $450 million in debt in a deal... Read Story
December 13, 2017, 07:41 AM


The Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries announced that it has commenced a process to implement a debt recapitalization intended to restructure its approximately $750 million in debt. To facilitate this... Read Story
December 04, 2017, 07:43 AM


Cumulus Media Inc. announced that it has entered into a Restructuring Support Agreement with, among others, certain of its secured lenders, holding in the aggregate, approximately 69% of the Company’s term loan to reduce the Company’s debt by more... Read Story
November 30, 2017, 07:09 AM


A Bankruptcy court in Delaware has cleared Vitamin World to shutter more than 100 stores as it continues to seek a buyer for the remianinder of the company. Store closing sales will begin immediately at select Vitamin World locations – offering... Read Story
November 27, 2017, 07:23 AM


The rate of exploration and production (E&P) bankruptcy filings in the energy sector has continued to drop over the course of 2017, with total filings down by more than two-thirds compared to the same period in 2016, according to the law firm of... Read Story
November 17, 2017, 07:08 AM


Global Brokerage, Inc., the securities firm formerly known as FXCM Group, has entered into a restructuring support agreement and expects to be delisted from Nasdaq Global Market, transferring to Nasdaq Capital Market and certain changes to its board... Read Story
November 13, 2017, 08:00 AM


Avaya Holdings announced that its wholly-owned subsidiary, Avaya Inc., has successfully priced a $2.925 billion senior secured term loan, which was upsized from $2.425 billion, in response to strong market demand. The term loan results in a... Read Story
November 13, 2017, 07:51 AM


The J.G. Wentworth Company announced an agreement, with lenders holding over 87% of the aggregate principal amount outstanding under the Company’s $449.5 million senior secured credit facility, to significantly deleverage the Company. The agreement... Read Story
November 13, 2017, 07:50 AM


After less than four months, True Religion Brand Jeans has emerged from Chapter 11 Bankruptcy following negotiations with its key stakeholders, under a Plan of Reorganization approved by the Delaware Bankruptcy court on October 5, 2017.True... Read Story
October 30, 2017, 07:40 AM


Toys"R"Us, Inc. announced that the U.S. Bankruptcy Court for the Eastern District of Virginia entered a final order granting the company authority to access the full amount of its more than $3.0 billion in debtor-in-possession (DIP) financing. The... Read Story
October 26, 2017, 08:00 AM


Bankrupt shipping firm GulfMark Offshore, Inc. and GulfMark Rederi AS, a wholly-owned subsidiary of the company, entered into a commitment letter with DNB Markets, Inc., DNB Capital LLC and Hayfin DLF II Luxco 2 S.à.r.l.  regarding the terms of the... Read Story
October 04, 2017, 07:16 AM


Paper maker Appvion, Inc.  announced that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to facilitate a balance... Read Story
October 02, 2017, 07:17 AM


Seagate Technology plc, a provider of storage solutions, announced its participation in the consortium led by Bain Capital Private Equity that has entered into an agreement with Toshiba Corporation to acquire Toshiba Memory Corporation. In the... Read Story
September 29, 2017, 07:15 AM


Toys“R”Us, Inc. announced that the company and certain of its U.S. subsidiaries and its Canadian subsidiary have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia in... Read Story
September 19, 2017, 07:35 AM


The Gymboree Corporation announced that the United States Bankruptcy Court for the Eastern District of Virginia has confirmed the Company's Plan of Reorganization. Gymboree expects to complete its financial restructuring process and emerge from... Read Story
September 11, 2017, 07:51 AM


Ironclad Performance Wear Corporation, a provider of high-performance task-specific work gloves, announced that the company and its subsidiary filed voluntary petitions under Chapter 11 of the U. S. Bankruptcy Code in the U. S. Bankruptcy Court... Read Story
September 11, 2017, 07:17 AM


SSG Capital Advisors acted as the investment banker to Unilife Corporation in the sale of substantially all of its assets to UNL Holdings LLC, an affiliate of OrbiMed Advisors LLC, and Amgen Inc.  The sale was effectuated through a Chapter 11 Section... Read Story
August 17, 2017, 07:11 AM


Nuverra Environmental Solutions, Inc. announced that, on August 7, 2017 the company and its material subsidiaries emerged from Bankruptcy protection under chapter 11 of the United States Bankruptcy Code. Pursuant to their Amended Joint Plans of... Read Story
August 14, 2017, 07:55 AM


Garden Fresh Restaurants, parent of Souplantation and Sweet Tomatoes, has been acquired by two private equity firms just months after its emergence from bankruptcy. In a press release, the San Diego-based chain, which operates in nine startes... Read Story
August 09, 2017, 07:52 AM


Total U.S. bankruptcy filings decreased 8 percent in July 2017 from June, according to data provided by Epiq Systems, Inc. and reported by the American Bankruptcy Institute. Total filings registered 61,366 in July 2017, down from the June 2017 total... Read Story
August 04, 2017, 07:17 AM


TerraVia Holdings, Inc., a next-generation food, nutrition and specialty ingredients company and pioneer in algae innovation, announced today that it has entered into a "stalking horse" stock and asset purchase agreement with Corbion N.V., a... Read Story
August 02, 2017, 07:08 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


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


Stradley Ronon announced today that it has continued the growth of its New York office with the hiring of respected bankruptcy and commercial litigation attorney Deborah A. Reperowitz. Reperowitz joins Stradley Ronon as co-chair of the firm’s... Read Story
July 07, 2017, 07:03 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


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


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


Otterbourg P.C. announced that Keith N. Costa has joined the firm as a member in the restructuring and bankruptcy practice, and Michael Wenger has joined the firm as counsel in the banking and finance practice. Costa focuses his practice on the... Read Story
June 02, 2017, 07:10 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


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


Marsh Supermarkets, LLC, announced that it has filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware, a step the Company has taken to enable its business operations to continue normally as it seeks a buyer for... Read Story
May 12, 2017, 08:18 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


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


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


A new study released today by AlixPartners, the global business-advisory firm, posits that the turbulence in the chain-restaurant industry of late—from underperforming results to an uptick in bankruptcies to renewed shareholder pressures—might not be... Read Story
April 13, 2017, 07:11 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


Ciber, Inc., a global information technology consulting, services and outsourcing company, announced that it and certain U.S. subsidiaries filed voluntary petitions seeking relief under Chapter 11 of the United States Bankruptcy Code in the United... Read Story
April 10, 2017, 07:22 AM


New York hedge fund Deerfield Management, a healthcare-only investment firm with over $8.0 billion under management, has purchased outstanding bank debt from Adeptus Health, Inc., and expects to provide additional financing, along with operational... Read Story
April 07, 2017, 07:09 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


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


Donlin, Recano & Company, Inc., an AST company, announced that Meg Manning has joined the firm as Director of Business Development. Manning is primarily focused on strengthening the company's presence in multiple markets, as well as expanding its... Read Story
March 28, 2017, 07:11 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


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


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


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


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


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


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


Peabody Energy today announced that as of 5:00 p.m., New York City time, on Dec. 30, 2016, additional eligible holders of approximately 16.6 percent of the outstanding principal amount of the company's senior secured second lien notes and... Read Story
January 03, 2017, 08:00 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


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


Leading global professional services firm Alvarez & Marsal (A&M) has expanded its North American Commercial Restructuring team with the addition of Mark Greenberg, who joins the firm’s Unsecured Creditors’ Committee practice as a Managing Director.... Read Story
November 18, 2016, 07:31 AM


Stanley W. Mastil, CFF, CPA, has been promoted to Senior Director, Bankruptcy & Fiduciary Services at Gavin/Solmonese. Mastil has more than 20 years of experience advising on bankruptcy matters including Chapter 11 reorganizations, Chapters 7 and 11... Read Story
November 09, 2016, 07:32 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


Bloomberg reports that Golfsmith International Holdings Inc. filed for bankruptcy, hoping to reorganize or attract a buyer who can save the golf-gear retailer as the sport’s popularity fades in North America.According to the Bloomberg report... Read Story
September 15, 2016, 07:05 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


Reuters reports that bankrupt teen retailer Aeropostale filed a motion against its lender, private equity firm Sycamore Partners, in bankruptcy court late on Friday, accusing it of plotting a "loan to own” scheme to push the chain into... Read Story
July 25, 2016, 07:54 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


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


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


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


Cedar Croft Consulting, a management consulting established to assist mid-market clients in the manufacturing, distribution, retail and service provider industry sectors located throughout North America, provides value-added services including due... Read Story
May 26, 2016, 07:18 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


Debtor-in-possession (DIP) financings are frequently being left out of the equation for the current crop of bankrupt energy firms as many opt for pre-negotiated bankruptcy plans to speed up the restructuring process and rely on cash, according to... Read Story
May 24, 2016, 07:39 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


Breitburn Energy Partners LP announced that it and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York... Read Story
May 16, 2016, 07:39 AM


LeClairRyan has announced the addition of eight attorneys and seven professional staff to its Newark office.  Joining the national law firm's Bankruptcy and Creditors' Rights practice as partners are Charles Forman, Michael Holt, Daniel Eliades, Erin... Read Story
May 12, 2016, 07:28 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


Aéropostale, Inc. took the next steps in its ongoing business transformation by filing voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company expects... Read Story
May 04, 2016, 08:06 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 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


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


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


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


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


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


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


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


Akerman LLP, a top 100 U.S. law firm serving clients across the Americas, announced the continued expansion of its Dallas office with partners John Mitchell and David Parham. They join Akerman's Bankruptcy & Reorganization Practice Group from Baker &... Read Story
January 18, 2016, 07:23 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


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


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


The Pittsburgh Post-Gazette reported that about a month after Magnum Hunter Resources Corp. said it had hired advisers to help boost the struggling company’s financial position, the oil and gas producer warned that it may be heading toward bankruptcy... Read Story
November 13, 2015, 07:28 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


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 the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) has approved a variety of First Day Motions related to its voluntary chapter 11 restructuring. Collectively, the orders granted... Read Story
September 11, 2015, 07:36 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


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


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


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


Filmed Entertainment Inc. announced that the Company has filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code to pursue an orderly sale of its Columbia House DVD Club business, a direct-to-customer distributor of movies and... Read Story
August 11, 2015, 08:08 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


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


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


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


Exide Technologies, a global leader in stored electrical-energy solutions, announced that its Plan of Reorganization became effective today and that the company has emerged from Chapter 11 as a newly reorganized company. As previously announced, the... Read Story
May 01, 2015, 07:56 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, 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


Reuters reported a U.S. Bankruptcy Court judge rejected Revel Casino's agreement for a sale to a Florida developer for $82 million, marking the third failed deal for the shuttered hotel.According to the Reuters report, Judge Gloria Burns in Camden... Read Story
March 16, 2015, 07:13 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


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


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


Body Central Corp., the struggling women’s clothing retailer, said lender Crystal Financial LLC has terminated its $17 million credit line, dealing another blow to a company that’s already exploring bankruptcy according to a Bloomberg news story. The... Read Story
January 12, 2015, 07:38 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


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


The Wall Street Journal reported a bankruptcy judge on Tuesday approved a $26 million tax settlement between Atlantic City, N.J., and the boardwalk’s shuttered Revel Casino Hotel. The settlement, which includes more than $7 million in savings on... Read Story
December 31, 2014, 08:00 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


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 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


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


Siena Lending Group LLC announced the completion of a $15.0 million revolving credit facility for Pacific Steel Casting Company, LLC (“Pacific”). The facility was used to fund the acquisition of Pacific Steel Casting Company by Speyside Equity out of... Read Story
September 15, 2014, 07:38 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


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


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


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


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


American Stock Transfer & Trust Company, LLC (AST) announced that its affiliate, AST Fund Solutions, LLC, has completed its purchase of Donlin, Recano & Company, Inc. (Donlin Recano). The company offers leading bankruptcy claims administration and... Read Story
June 27, 2014, 07:17 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


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


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


Tradex Global Advisors, LLC, an alternative asset management company, announced that Dr. Ed Altman has joined the high yield team at Tradex in an alliance to help execute the firm's Short-Biased High Yield strategy.  Dr. Altman is the Max L. Heine... Read Story
May 21, 2014, 07:24 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


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


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


Business Capital has secured an $8.5 Million D.I.P loan for Pacific Steel Casting (PSC), one of the largest independent steel casting companies in the U.S. that makes carbon, low-alloy and stainless steel castings for U.S. and international customers... Read Story
April 22, 2014, 07:13 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


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


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


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


Manhattan District Attorney Cyrus R. Vance, Jr., announced the indictments of Steven Davis, Stephen DiCarmine, Joel Sanders, and Zachary Warren. The first three defendants were, respectively, the Chairman, the Executive Director, and the Chief... Read Story
March 07, 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


After over 25 years in business, Dots, LLC, an Ohio-based women’s fashion discount retailer, is closing its doors.  The company filed for Chapter 11 protection on January 20, 2014.  On February 27th, Gordon Brothers Group, a global advisory... Read Story
February 28, 2014, 07:32 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


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


Morrison & Foerster announced Hon. James M. Peck will join the firm as co-chair of its global Business Restructuring & Insolvency Group, effective Mar. 3, 2014. During his tenure as United States Bankruptcy Judge for the Southern District of New... Read Story
February 20, 2014, 07:19 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


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


Patton Boggs LLP has added leading attorney Daniel C. Stewart to its bankruptcy and restructuring team in Dallas.  Mr. Stewart brings more than four decades of bankruptcy law experience to Patton Boggs, where he plans to help the firm build a... Read Story
January 29, 2014, 07:02 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


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


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


PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of a $115 million senior secured financing facility for Gatehouse Media, LLC. Based in Fairport, N.Y., the company will use the funds to restructure existing... Read Story
December 18, 2013, 08:06 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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


Salus Capital Partners announced it has provided a $16 million debtor-in-possession (DIP) facility to Namco, LLC. Namco, LLC is a multi-channel home recreational products retailer and wholesaler with operations throughout the Northeastern and... Read Story
March 29, 2013, 07:12 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
March 26, 2013, 07:25 AM


Otelco Inc., a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced that on March 24, 2013, the company filed voluntary petitions for reorganization under chapter... Read Story
March 25, 2013, 07:47 AM


Citrus Universal Healthcare announced the United States Bankruptcy Court for the Middle District of Florida has approved its offer to purchase the four operating entities of Universal Health Care Group, including all of Universal’s Medicare health... Read Story
March 13, 2013, 07:28 AM


The financial press reports that on Feb.27, a federal bankruptcy judge confirmed the plan that officially dissolved Dewey LeBoeuf, the once-venerable law firm that collapsed after financial problems led to an exodus of its partners. Dewey’s... Read Story
February 28, 2013, 07:30 AM


A Delaware bankruptcy judge on Monday approved School Specialty Inc.'s new $155 million debtor-in-possession financing deal, a replacement package designed to give the insolvent educational supply company greater flexibility by taking out its private... Read Story
February 27, 2013, 07:52 AM


Ormet Corporation, a producer of primary aluminum, announced it has signed a definitive Asset Purchase Agreement with Smelter Acquisition, a portfolio company owned by private investment funds managed by Wayzata Investment Partners, in connection... Read Story
February 26, 2013, 08:03 AM


In the bankruptcy case of Ahern Rentals, a group of junior lenders have now presented their own plan for reorganization of the company’s $379.2 million of debt. The plan calls for the investment group made up of six investment funds to jointly take... Read Story
February 25, 2013, 07:12 AM


RDA Holding Co., parent company of The Reader's Digest Association, Inc., announced that it has obtained U.S. Court approval of a variety of motions that will support the company's operations as it proceeds with a financial restructuring supported by... Read Story
February 21, 2013, 07:02 AM


The Readers Digest Association is the latest company to file a second Chapter 11 bankruptcy petition, commonly referred to as a Chapter 22. The terms of a pre-negotiated restructuring agreement would provide full recoveries for holders of secured... Read Story
February 20, 2013, 07:51 AM


Revel AC Inc., the casino owner that New Jersey Governor Chris Christie bet on to revive Atlantic City, plans to file for a prepackaged bankruptcy that will reduce its debt burden by more than $1 billion. Certain Revel lenders will provide about... Read Story
February 20, 2013, 07:39 AM


U.S. asset-based lending (ABL) facilities present in a defaulted issuer's capital structure demonstrated complete recoveries in a bankruptcy scenario, according to a new Fitch Ratings report. Fitch reviewed 12 recent U.S. bankruptcies - five... Read Story
January 30, 2013, 08:04 AM


Hawker Beechcraft announced the key creditors voting in the company's solicitation process have overwhelmingly approved its proposed Joint Plan of Reorganization. The company also announced that J.P. Morgan Securities and Credit Suisse Securities... Read Story
January 28, 2013, 08:00 AM


LodgeNet Interactive filed for bankruptcy protection with plans to be taken over by affiliates of Colony Capital, which will invest $60 million and work with DirecTV to provide on-demand movies to hotel rooms. LodgeNet had about $292 million in... Read Story
January 28, 2013, 07:06 AM


Bloomberg reports THQ Inc., the bankrupt video-game maker, will be split up after winning court approval to sell most of its assets to multiple buyers for about $72 million, topping an offer that would have kept the company intact. U.S. Bankruptcy... Read Story
January 24, 2013, 07:28 AM


Bloomberg reported that Atari SA’s U.S.-based video-game- making businesses have filed for bankruptcy protection in Manhattan with the intention of separating from the unprofitable French parent and seeking independent funding. According to the... Read Story
January 21, 2013, 07:41 AM


Handy Hardware Wholesale, a Houston-based company formed by independent retailers, filed for Chapter 11 bankruptcy. According to the filing, the company noted expansion into a second distribution center during recession times hurt its bottom... Read Story
January 15, 2013, 08:02 AM


The CFO of Houghton Mifflin Harcourt explains how the publishing giant purged its balance sheet of a debt load that was devouring its operating cash flow. Houghton Mifflin Harcourt’s finance group overhauled its forecasting process in 2010... Read Story
January 11, 2013, 07:19 AM


Reuters reports the U.S. Justice Department wants a bankruptcy court to strip law firm Kaye Scholer and financial adviser Capstone of more than $10 million they earned through the bankruptcy of investment management firm GSC Group Inc. The firms... Read Story
January 09, 2013, 07:32 AM


Reuters reports Big M Inc., the owner of the 129 Mandee, Annie Sez and Afaze women's clothing stores filed for bankruptcy after Superstorm Sandy cut into the New Jersey-based company's sales and derailed its turnaround. The company was forced to... Read Story
January 08, 2013, 07:49 AM


K-V Pharmaceutical Company announced that the U. S. Bankruptcy Court for the Southern District of New York, the Honorable Judge Allan L. Gropper presiding, approved the company's settlement agreement with Hologic, Inc., and authorized the Company to... Read Story
January 02, 2013, 07:33 AM


NewPage Corporation has successfully completed its financial restructuring and has officially emerged from Chapter 11 bankruptcy protection pursuant to its Modified Fourth Amended Chapter 11 Plan (the Plan), confirmed on December 14, 2012, by the U.S... Read Story
December 24, 2012, 10:00 AM


THQ Inc, a developer and publisher of interactive entertainment software, announced that it entered into an Asset Purchase Agreement with a “stalking horse bidder,” affiliates of Clearlake Capital Group, to acquire substantially all of the assets of... Read Story
December 20, 2012, 08:09 AM


Reuters reports Edison Mission Energy, the unregulated power generation business of Edison International, has filed for Chapter 11 bankruptcy protection after being hurt by heavy debts, weak power prices and high fuel costs. Under a restructuring... Read Story
December 17, 2012, 07:08 AM


Bloomberg reports NewPage Corp., the largest U.S. coated-paper maker, won court approval of its plan to reorganize and exit bankruptcy in the hands of its first-lien noteholders.The company will leave bankruptcy with about $500 million in debt after... Read Story
December 14, 2012, 07:38 AM


American Suzuki Motor Corporation (AMSC) received Court approval for Debtor-In-Possession financing and will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC).... Read Story
December 10, 2012, 08:02 AM


Thomson Reuters News & Insight reported a commission to explore major changes to U.S. bankruptcy rules said on Monday that labor and benefits will be key issues during a host of public hearings beginning early next year.The fate of workers "has... Read Story
December 04, 2012, 07:58 AM


Reuters reported Hostess Brands received court permission to wind down its 82-year-old business yesterday but revealed "furious" interest in its iconic brands from potential buyers. New York Bankruptcy Court Judge Robert Drain approved the final... Read Story
November 30, 2012, 07:10 AM


Dewey & LeBoeuf filed papers seeking approval of its liquidation plan with a federal bankruptcy court on Wednesday, November 21, in the latest step in the wind-down of the law firm. The liquidation plan, filed in U.S. Bankruptcy Court in Manhattan... Read Story
November 26, 2012, 08:03 AM


According to Courthouse News, three new judges have been appointed to fill upcoming vacancies on the U.S. Bankruptcy Court for the District of Arizona.  Attorney Daniel Collins, will be sworn on Jan. 18, 2013, in place of Phoenix division Judge... Read Story
November 07, 2012, 07:08 AM


The Las Vegas Review-Journal reported Ahern Rentals Inc. will retain sole control of its Chapter 11 bankruptcy case for another month amid continuing friction with lenders, although a judge indicated on Wednesday that would be the end.According to... Read Story
November 01, 2012, 06:00 AM


Total bankruptcy filings totaled 921,219 nationwide during the first nine months of 2012 (Jan. 1-September 30), a 14 percent decrease from the 1,073,021 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc.... Read Story
October 09, 2012, 07:00 AM