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

ABL Advisor Search Results

News Stories (256 Results) - Chapter 11

Destination Maternity Corporation, the premier national retailer for maternity apparel and accessories, today announced that it and certain of its subsidiaries have filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code... Read Story
October 23, 2019, 09:00 AM


DURA Automotive Systems, LLC, a leading global automotive supplier specializing in the design, engineering, and manufacturing of automotive mobility products, including parts and systems to support the industry’s shift to electric vehicles, announced... Read Story
October 21, 2019, 08:12 AM


Commercial Chapter 11 filings totaled 414 in September, a 33 percent increase over September 2018’s total of 312 filings, according to data provided by Epiq Systems, Inc. Overall business filings increased 11 percent to 3,129 filings in September... Read Story
October 04, 2019, 09:00 AM


Teen retailer Forever 21 is preparing for a potential bankruptcy filing as it works to negotiate with lenders, according to reports from multiple media outlets.According to one report, based on sources who spoke to Bloomberg News, the company has... Read Story
August 29, 2019, 09:00 AM


Total commercial Chapter 11 filings during the first six months of the year increased 5 percent to 2,854 from the 2,716 total filings during the same period in 2018, American Bankruptcy Institute reported. Total commercial filings also increased... Read Story
July 10, 2019, 08:55 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


Vanguard Natural Resources announced that the company has voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.The company has obtained a... Read Story
April 02, 2019, 09:00 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


SSG Capital Advisors, LLC (SSG) acted as the investment banker to Republic Metals Corporation and its affiliates (RMC) in the sale of substantially all of their assets to Asahi Holdings, Inc. (Asahi). The sale was effectuated through a Chapter 11... Read Story
March 28, 2019, 09:00 AM


Z Gallerie, LLC, a retailer of home décor products, announced that it has filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. In conjunction with... Read Story
March 13, 2019, 08:02 AM


Total commercial Chapter 11 filings in February 2019 increased 60 percent over the same period last year, according to data provided by Epiq Systems, Inc. The 681 commercial Chapter 11 filings in February 2019 were up from the 425 commercial Chapter... Read Story
March 13, 2019, 07:12 AM


CTI Foods, a leading custom foodservice manufacturer supplying the top U.S. restaurant chains and branded food companies, announced that it has reached an agreement with the majority of its lenders on a comprehensive balance sheet restructuring that... Read Story
March 11, 2019, 08:19 AM


Facing nearly 2,000 lawsuits for its alleged role in facilitating America’s overdose crisis, Purdue Pharma – maker of the narcotic painkiller OxyContin – is reportedly considering filing for Chapter 11 bankruptcy, according to sources cited by... Read Story
March 06, 2019, 08:23 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


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


Commercial Chapter 11 filings declined slightly in January, with 365 total commercial Chapter 11 filings down from January 2018’s total of 366, according to data provided by Epiq Systems, Inc. Total commercial bankruptcy filings increased slightly to... Read Story
February 07, 2019, 08:00 AM


PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California. Throughout... Read Story
January 30, 2019, 09:20 AM


SSG Capital Advisors, LLC (SSG) acted as the investment banker to Francis' Drilling Fluids, Ltd., d/b/a FDF Energy Services in the sale of substantially all of its assets to an affiliate of Prophet Equity (Prophet). The sale was effectuated through a... Read Story
January 29, 2019, 07:20 AM


PG&E Corp., which is slated to file Chapter 11 on Jan. 29, announced that it entered into a commitment letter for debtor-in-possession financing with JPMorgan Chase Bank, N.A, Bank of America, N.A., Barclays Bank PLC and Citigroup Global Markets Inc.... Read Story
January 23, 2019, 07:33 AM


In what commentators are saying would be one of the biggest Chapter 11 filings in U.S. history, energy giant Pacific Gas & Electric (PG&E) announced its intent to file petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on or about... Read Story
January 16, 2019, 08:00 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


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


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


The Wall Street Journal reported that retailer Gymboree Group Inc. is shopping for a bankruptcy loan as it prepares for a second Chapter 11 filing in less than two years, according to people familiar with the situation.According to the WSJ report... Read Story
December 20, 2018, 08:08 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


Synergy Pharmaceuticals Inc., a biopharmaceutical company focused on the development and commercialization of novel gastrointestinal (GI) therapies, announced an agreement with Bausch Health Companies Inc., through which Bausch Health would acquire... Read Story
December 12, 2018, 07:06 AM


Commercial Chapter 11 filings increased 50 percent in November 2018 over November of last year, according to data provided by Epiq Systems, Inc. The 653 commercial Chapter 11 filings registered in November 2018 jumped from November 2017’s commercial... Read Story
December 06, 2018, 08:00 AM


Congressman Tom Marino along with Representatives Doug Collins (R-GA), and David Cicilline (D-RI) introduced, H.R. 7190, the Small Business Reorganization Act (SBRA).  Senate Judiciary Chairman Chuck Grassley (R-IA) and Senator Sheldon Whitehouse... Read Story
December 05, 2018, 07:11 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


Commercial Chapter 11 filings increased 75 percent in October 2018 over October of last year, according to data provided by Epiq Systems, Inc. The 554 commercial Chapter 11 filings registered in October 2018 were up from October 2017’s commercial... Read Story
November 06, 2018, 08:00 AM


The rise of hospitals filing for Chapter 11 bankruptcy has shaped the U.S. economic distress in the third quarter of 2018, which is detailed in the latest Polsinelli-TrBK Distress Indices Report. The report shows how health care has decoupled from... Read Story
November 01, 2018, 08:00 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


Mattress Firm, Inc., the nation’s leading specialty mattress retailer, announced that it is taking action to strengthen its balance sheet and optimize its store footprint. To achieve these objectives, the Company and its subsidiaries today filed... Read Story
October 08, 2018, 08:01 AM


Commercial chapter 11 filings totaled 308 in September, a 31 percent decrease over September 2017’s total of 445 filings, according to data provided by Epiq Systems, Inc. Overall business filings decreased to 2,783 filings in September, a 5 percent... Read Story
October 04, 2018, 07:10 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


SSG Capital Advisors, LLC ("SSG") acted as the investment banker to A'GACI, LLC in the placement of exit financing and restructuring pursuant to a Chapter 11 Plan of Reorganization (the "Plan") in the U.S. Bankruptcy Court for the Western District of... Read Story
August 15, 2018, 08:16 AM


Polsinelli released the Polsinelli-TrBk Distress Indices for the second quarter of 2018, which slowed slowing distress in the U.S. economy. For the first time in three quarters, the Polsinelli-TrBK Distress Indices has recorded signs of slowing... Read Story
August 15, 2018, 08:12 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


Commercial Chapter 11 bankruptcies for the month of July 2018 totaled 411, up 23 percent from the 333 commercial Chapter 11 filings last July, according to data provided by Epiq Systems, Inc. Total business filings in July 2018 increased 5 percent to... Read Story
August 07, 2018, 07:06 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


Bankruptcy filings fell 2.6 percent for the 12-month period ending June 30, 2018, compared with the year ending June 30, 2017, according to statistics released by the Administrative Office of the U.S. Courts. June 2018 annual bankruptcy filings... Read Story
July 27, 2018, 07:10 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


Cloud storage provider Tintri, Inc. announced that it 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 Delaware. Tintri will continue to operate its... Read Story
July 12, 2018, 07:14 AM


Total commercial Chapter 11 bankruptcies for the month of June 2018 were 306, representing a 49 percent decrease from the 601 commercial chapter 11 filings in June 2017, according to data provided by Epiq Systems, Inc. Total commercial bankruptcies... Read Story
July 06, 2018, 07:15 AM


Total commercial bankruptcy filings fell 10 percent in May 2018, as the 3,325 filings decreased from the 3,675 commercial filings registered in May 2017, according to data provided by Epiq Systems, Inc. Total commercial Chapter 11 filings showed the... Read Story
June 08, 2018, 07:09 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


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


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


Total U.S. bankruptcy filings fell 4 percent in the first calendar quarter (Jan. 1 - March 31) of 2018 from the same period in 2017, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 187,331 in the first quarter of 2018... Read Story
April 06, 2018, 07:39 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


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


iHeartMedia, Inc. announced that it has reached an agreement in principle with holders of more than $10 billion of its outstanding debt and its financial sponsors. The agreement reflects widespread support across the capital structure for a... Read Story
March 16, 2018, 07:38 AM


Southeastern Grocers, the parent company of Winn Dixie, Bi-Lo, Fresco y Más and Harveys Supermarket, has filed a court-supervised, prepackaged restructuring agreement to reduce its debt by more than $500 million. "We have not taken these steps... Read Story
March 16, 2018, 07:09 AM


EV Energy Partners, L.P. and its subsidiaries announced that the company entered into a restructuring support agreement (RSA) with certain holders of approximately 70% of its 80% senior notes due 2019 and lenders holding approximately 94% of the... Read Story
March 14, 2018, 07:33 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, 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


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


Total commercial chapter 11 filings during calendar year 2017 (Jan. 1-Dec. 31) were 5,744, a 6 percent increase from the 5,447 filings in 2016, according to data provided by Epiq Systems, Inc. There were 38,062 commercial filings during calendar year... Read Story
January 08, 2018, 07:27 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


Commercial chapter 11 filings increased 12 percent in November 2017 over November of last year, according to data provided by Epiq Systems, Inc. Commercial chapter 11s totaled 433 in November 2017, up from the 386 commercial chapter 11s in November... Read Story
December 06, 2017, 07:19 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


Total U.S. bankruptcy filings increased 2 percent in October 2017 over October of last year, according to data provided by Epiq Systems, Inc. Filings totaled 64,579 in October 2017, up slightly from the October 2016 total of 63,082. Consumer... Read Story
November 06, 2017, 07:19 AM


Avaya announced  that it has reached global consensus regarding the terms of a chapter 11 plan with its major creditors. As a result of the Global Resolution, Avaya has filed a Second Amended Plan of Reorganization which, among other things: (a)... Read Story
October 24, 2017, 07:13 AM


Commercial chapter 11 filings totaled 425 in September, a 16 percent increase over September 2016’s total of 365 filings, according to data provided by Epiq Systems, Inc. Overall business filings decreased to 2,854 filings in September, a 12 percent... Read Story
October 04, 2017, 07:25 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


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


Commercial chapter 11 filings totaled 426 in August, a 29 percent increase over July’s total of 331 filings, according to data provided by Epiq Systems, Inc. Overall business filings also increased as the 3,255 filings were 13 percent more than... Read Story
September 08, 2017, 07:25 AM


Perfumania Holdings, Inc., a U.S. specialty retailer and distributor of designer fragrances and related beauty products, announced that it has initiated a recapitalization to be facilitated through a pre-packaged Plan of Reorganization to reduce its... Read Story
August 28, 2017, 08:43 AM


Georgia-based flooring firm Beaulieu Group LLC, doing business as Beaulieu Group LLC, announced that it has commenced a formal proceeding to restructure its balance sheet by filing voluntary petitions under Chapter 11 in the United States Bankruptcy... Read Story
July 18, 2017, 07:38 AM


BankruptcyData released its Q2 2017 Business Bankruptcy Filings Report, which indicates that the Retail, Services and Finance/Insurance/Real Estate sectors increased their percentages of overall business bankruptcies during Q2 2017, compared to the... Read Story
July 14, 2017, 08:01 AM


Total commercial chapter 11 bankruptcies for the month of June 2017 were 581, representing a 16 percent increase from the 502 commercial chapter 11 filings in June 2016, according to data provided to the American Bankruptcy Institute by Epiq Systems... Read Story
July 07, 2017, 07:10 AM


Soupman, Inc., a producer and marketer of high-quality branded soups bearing the name "Original Soupman" announced that it has filed for Chapter 11 bankruptcy protection.SM also announced it has secured a new $2 million debtor-in-possession credit... Read Story
June 14, 2017, 07:59 AM


SSG Capital Advisors, LLC acted as the investment banker to Prestige Industries, LLC in the sale of substantially all of its assets to an affiliate of Sunrise Capital Partners. The sale was effectuated through a Chapter 11 Section 363 process in the... Read Story
June 14, 2017, 07:13 AM


The Gymboree Corporation announced that it has signed a Restructuring Support Agreement with a majority of its Term Loan Lenders, securing critical stakeholder support for a comprehensive financial restructuring and recapitalization of the company... Read Story
June 12, 2017, 07:15 AM


Rosenthal & Rosenthal, Inc., a factoring, asset based lending and purchase order financing firm, announced its role in the recent completion of a complex restructuring and sale of Prestige Industries, a leading provider of commercial laundry and... Read Story
June 08, 2017, 07:10 AM


Ignite Restaurant Group, owner of the Joe’s Crab Shack and Brick House Tavern + Tap brands, announced that it has entered into an agreement with an affiliate of Kelly Companies, a San Diego based private equity firm, pursuant to which it would sell... Read Story
June 07, 2017, 07:19 AM


SSG Capital Advisors, LLC acted as the investment banker to Verengo, Inc in the sale of substantially all of its assets to an affiliate of Crius Energy, LLC. The sale was effectuated through a Chapter 11 plan, which was approved by the U.S.... Read Story
June 07, 2017, 07:17 AM


SSG Capital Advisors, LLC acted as the investment banker to United Road Towing, Inc. in the sale of substantially all of its assets to an affiliate of Medley Capital Corporation. The sale was effectuated through a Chapter 11 Section 363 process in... Read Story
May 23, 2017, 07:26 AM


HTC Global Ventures emerged as the winning bidder in the bankruptcy sale of Ciber, Inc. and its subsidiaries Ciber International LLC and Ciber Consulting, Inc., outbidding a $50 million offer from "stalking horse" bidder Capgemini, according to a... Read Story
May 22, 2017, 07:30 AM


Tidewater Inc. announced that it and certain of its subsidiaries have filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware to pursue a prepackaged plan of... Read Story
May 18, 2017, 07:17 AM


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


Ravinia Capital, a boutique investment banking firm that addresses the financial and structural needs of distressed companies, said well-known restructuring specialist Richard Bendix has joined the company as a Managing Director, effective... Read Story
May 11, 2017, 07:24 AM


Total U.S. bankruptcy filings fell nearly 4 percent in April 2017 from the same period in 2016, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 67,670 in April, down 3.96 percent from the 70,457 filings reported in April... Read Story
May 05, 2017, 07:20 AM


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


Total U.S. bankruptcy filings fell slightly in the first calendar quarter (Jan. 1 - March 31) of 2017 from the same period in 2016, according to data provided by Epiq Systems, Inc.and released by the American Bankruptcy Institute. Bankruptcy filings... Read Story
April 10, 2017, 07:20 AM


Retail footwear giant Payless ShoeSource filed a voluntary petition for reorganization pursuant to Chapter 11 of the U.S. Federal Bankruptcy Code on April 4.The company’s North American entities, as well as two foreign Hong Kong-based entities... Read Story
April 05, 2017, 07:14 AM


Forbes Energy Services Ltd.announced that the plan of reorganization under Chapter 11 of the United States Bankruptcy Code of Forbes and its domestic subsidiaries has been confirmed by the U.S. Bankruptcy Court for the Southern District of... Read Story
March 31, 2017, 07:13 AM


Erickson Incorporated completed another important step toward its emergence from bankruptcy when its Chapter 11 plan of reorganization was confirmed by the United States Bankruptcy Court for the Northern District of Texas. This confirmation, which... Read Story
March 23, 2017, 07:18 AM


Debt collection agency SquareTwo Financial Services announced it reached an agreement with Resurgent Holdings LLC under which Resurgent or one or more of its subsidiaries or affiliates will acquire substantially all of SquareTwo’s portfolio of assets... Read Story
March 20, 2017, 07:11 AM


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


Peabody Energy isssued the following statement regarding the company's chapter 11 filing.Attempts by parties to appoint an equity committee have generated media reports based on inaccuracies and speculation raised by those parties.  This statement is... Read Story
January 16, 2017, 07:48 AM


BankruptcyData, a service provided by New Generation Research, Inc. (NGR) released its annual bankruptcy report. The yearly report analyzes trends associated with U.S. Bankruptcy Court activity. In 2016, declining bankruptcy trends reversed... Read Story
January 09, 2017, 07:45 AM


Total commercial filings during calendar year 2016 (Jan. 1-Dec. 31) were 37,771, a 26 percent increase from the 29,920 filings for 2015, according to data provided by Epiq Systems, Inc. There were 5,438 commercial chapter 11s filings during calendar... Read Story
January 06, 2017, 07:42 AM


Bonanza Creek Energy, Inc. and certain subsidiaries today announced that they had filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the District of Delaware to pursue a prepackaged plan of... Read Story
January 06, 2017, 07:25 AM


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


SSG Capital Advisors, LLC ("SSG") acted as the investment banker to TPP Acquisition, Inc. d/b/a The Picture People ("TPP" or the "Company") in the sale of substantially all of its assets to affiliates of Monroe Capital Corporation ("Monroe"). The... Read Story
December 02, 2016, 07:23 AM


Hampshire Group, Limited announced that the Company and two of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware in order to facilitate the orderly wind-down of their business... Read Story
November 28, 2016, 08:00 AM


CHC Group announced that on November 11, 2016, the Company filed a proposed chapter 11 plan of reorganization (the "Plan") and related Disclosure Statement with the United States Bankruptcy Court for the Northern District of Texas.Under the terms of... Read Story
November 14, 2016, 07:38 AM


Erickson Incorporated, a leading global provider of aviation services, announced the United States Bankruptcy Court for the Northern District of Texas has approved key first day motions related to its voluntary Chapter 11 restructuring. The motions... Read Story
November 11, 2016, 07:04 AM


Erickson Incorporated, a leading global provider of aviation services, announced today that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy... Read Story
November 10, 2016, 07:48 AM


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


SSG Capital Advisors acted as the investment banker to Last Call Holdings, LLC ("Last Call" or the "Company") in the sale of substantially all of its assets to an affiliate of Kelly Investment Group ("Kelly"). The sale was effectuated through a... Read Story
November 04, 2016, 07:48 AM


Total U.S. commercial bankruptcy filings increased 21 percent in October 2016 over October of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,023 in October 2016, up from the October 2015 total of 2,491.... Read Story
November 04, 2016, 07:36 AM


SSG Capital Advisors, LLC acted as the co-investment banker to Acid Specialists, LLC, Cement Specialists, LLC and Frac Specialists, LLC (individually "Acid", "Cement" and "Frac", respectively; collectively referred to as the "Company") culminating in... Read Story
October 28, 2016, 07:44 AM


As part of its continuing leadership transition plan, Otterbourg P.C. has named Daniel Fiorillo head of the firm’s restructuring practice group as of January 1, 2017. Jonathan Helfat, who successfully led the group for more than 25 years, will be... Read Story
October 27, 2016, 07:40 AM


SSG Capital Advisors, LLC ("SSG") acted as the investment banker and financial advisor to the Official Committee of Equity Security Holders ("Equity Committee") in the restructuring of Horsehead Holding Corp. ("Horsehead" or the "Company") pursuant... Read Story
October 14, 2016, 07:24 AM


Arch Coal, Inc. announced that it has successfully completed its financial restructuring and emerged from court protection, with new equity that will trade on the New York Stock Exchange under the ticker symbol ARCH.“Today marks the beginning of a... Read Story
October 06, 2016, 07:06 AM


Garden Fresh Restaurant Corp. announced that it has reached an agreement with its lenders to restructure the company's debt. Under terms of the agreement, the company will significantly reduce debt obligations and improve its financial structure.To... Read Story
October 04, 2016, 06:51 AM


Cosi, Inc., the fast-casual restaurant company, today announced that it and its subsidiaries filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the District of Massachusetts, initiating a process intended to preserve value... Read Story
September 29, 2016, 07:23 AM


Miller Buckfire, a leading investment bank specializing in corporate restructuring and recapitalization,announced that Richard Klein has joined as Managing Director in New York.Klein brings over twenty years of experience to Miller Buckfire. Most... Read Story
September 26, 2016, 08:16 AM


Arch Coal, Inc. announced that, just over eight months after filing for Chapter 11, the United States Bankruptcy Court for the Eastern District of Missouri has confirmed its Amended Plan of Reorganization (the "Plan"). Arch expects to emerge from... Read Story
September 14, 2016, 07:12 AM


Golden Gate Capital and Pacific Sunwear of California, Inc. and all of its subsidiaries announced today that Golden Gate Capital has completed its acquisition of PacSun, which concluded its restructuring after completing all required actions and... Read Story
September 08, 2016, 07:33 AM


Key Energy Services, Inc. and certain of its subsidiaries (the "Company") have entered into a plan support agreement ("PSA") with Platinum Equity and certain other holders of its 6.75% Senior Notes due 2021 ("Senior Notes"), collectively holding more... Read Story
August 26, 2016, 07:06 AM


JND Legal Administration, a management and administration company delivering service lines in class action, mass tort, corporate restructuring, government services and eDiscovery, today announced that Michael J. Hill is joining JND Corporate... Read Story
August 24, 2016, 07:18 AM


Peabody Energy announced it has received approval of its business plan by the company's debtor-in-possession (DIP) financing lenders. The business plan forms the foundation for the plan of reorganization that the company expects to submit before the... Read Story
August 11, 2016, 07:44 AM


Total U.S. commercial bankruptcy filings increased 10 percent in July 2016 over July of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 2,922 in July 2016, up from the July 2015 total of 2,661. July is the ninth... Read Story
August 08, 2016, 07:57 AM


Dex Media, Inc., one of the largest national providers of local marketing solutions for local businesses, announced that it completed its financial restructuring and emerged from Chapter 11 when its confirmed Plan of Reorganization (the “Plan”) went... Read Story
August 02, 2016, 07:58 AM


Total commercial filings during the first six months of the year (Jan. 1-June 30) increased 29 percent to 19,470 over the 15,071 total commercial filings during the same period in 2015, according to data provided by Epiq Systems, Inc. Commercial... Read Story
July 07, 2016, 07:52 AM


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


International law firm Dorsey & Whitney LLP announced that Janet M. Weiss has joined the Firm’s Finance & Restructuring Group in New York as a Partner.  Weiss has extensive experience in all aspects of corporate reorganization and debt restructuring... Read Story
June 14, 2016, 07:43 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


Hercules Offshore, Inc. announced that, after receiving votes on the Company's pre-packaged Chapter 11 Plan (the "Plan") from lenders holding approximately 99.7% of the Company's first lien debt (the "lenders"), with all such lenders voting to accept... Read Story
June 06, 2016, 07:44 AM


Total U.S. commercial bankruptcy filings increased 32 percent in May 2016 over May of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,358 in May 2016, up from the May 2015 total of 2,550. May is the seventh... Read Story
June 03, 2016, 07:43 AM


Vertellus Specialties Inc., a global manufacturer of fine and specialty chemicals, announced it has reached an agreement through which its existing term loan lenders would purchase substantially all of Vertellus Specialties Inc.'s U.S. and... Read Story
May 31, 2016, 08:11 AM


The joint venture of Gordon Brothers Group, Hilco Merchant Resources, and Tiger Capital Group, announced today that they will commence going-out-of-business sales at all Sports Authority retail locations beginning Thursday, May 26th.  The joint... Read Story
May 25, 2016, 07:44 AM


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


Energy and Exploration Partners, LLC and its debtor affiliates announced that they have officially concluded their Chapter 11 financial reorganization after completing all required actions and satisfying the remaining conditions to effectiveness of... Read Story
May 16, 2016, 07:26 AM


A joint venture between Great American Group (GA) and Tiger Capital Group announced that it has partnered with Aéropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, to facilitate the orderly exit of 113 of its... Read Story
May 13, 2016, 07:46 AM


Penn Virginia Corporation announced that it and certain of its subsidiaries have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia, Richmond... Read Story
May 12, 2016, 07:40 AM


Magnum Hunter Resources Corporation and certain of its wholly-owned subsidiaries announced  that its Chapter 11 plan of reorganization, which was confirmed by the United States Bankruptcy Court for the District of Delaware on April 18, 2016, has gone... Read Story
May 10, 2016, 07:16 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


Fairway Group Holdings, the parent company of Fairway Market, the iconic New York food retailer, announced that the company has reached an agreement with its senior secured lenders holding more than 70% of the company's senior secured debt on the... Read Story
May 03, 2016, 07:54 AM


Midstates Petroleum Company, Inc. and Midstates Petroleum Company LLC  announced that they have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District... Read Story
May 02, 2016, 08:20 AM


BIND Therapeutics, Inc., a biotechnology company developing targeted and programmable therapeutics called ACCURINS®, today announced that it has elected to file a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court... Read Story
May 02, 2016, 07:38 AM


SSG Capital Advisors, LLC acted as the investment banker to Edgmont Golf Club, Inc. and Edgmont Country Club (collectively, "Edgmont", the "Property" or the "Club") in the placement of exit financing and in the sale of substantially all of its assets... Read Story
April 28, 2016, 07:11 AM


Blackhill Partners, an investment bank specializing in complex situations, has completed the reorganization of RAAM Global Energy Company, guiding the company through a pre-negotiated chapter 11 bankruptcy in under 100 days. RAAM engaged Blackhill... Read Story
April 27, 2016, 07:33 AM


SunEdison, Inc. announced that 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


As part of its ongoing strategic review process, Vestis Retail Group, LLC ("Vestis" or "the Company"), the parent company of Eastern Mountain Sports ("EMS"), Bob's Stores ("Bob's") and Sport Chalet, announced a series of steps that will collectively... Read Story
April 18, 2016, 08:03 AM


Goodrich Petroleum Corporation announced that it and its subsidiary has filed for reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division, in order to implement... Read Story
April 18, 2016, 07:28 AM


Peabody Energy Corporation announced that first day motions to help facilitate continued operations in the ordinary course of business while the company operates under Chapter 11 protection were approved by Judge Barry S. Schermer of the U.S.... Read Story
April 15, 2016, 07:38 AM


Taking a major step to strengthen liquidity and reduce debt amid an unprecedented industry downturn, Peabody Energy Corporation voluntarily filed petitions under Chapter 11 for the majority of its U.S. entities in the United States Bankruptcy Court... Read Story
April 13, 2016, 08:02 AM


PostRock Energy Corporation announced that it and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Western District of Oklahoma to facilitate an... Read Story
April 04, 2016, 07:23 AM


Great American Group, a leading provider of advisory and valuation services, asset disposition and auction solutions, commercial lending services and a subsidiary of B. Riley Financial, was the highest bidder in the bankruptcy auction for the assets... Read Story
April 01, 2016, 07:33 AM


Peregrine Midstream Partners LLC and its affiliates Peregrine Rocky Mountains LLC, Ryckman Creek Resources Holding Company LLC, and Ryckman Creek Resources, LLC announced it received final bankruptcy court approval on a $35 million debtor in... Read Story
March 28, 2016, 07:35 AM


GT Advanced Technologies Inc. announced that it has emerged from Chapter 11 as a newly reorganized company.  GT Advanced Technologies Inc. and its affiliated debtors (“GTAT”) have emerged with a solid balance sheet and renewed strategy focused on... Read Story
March 21, 2016, 08:03 AM


A motion was filed last week with the U.S. Bankruptcy Court, Western District of New York, to retain Phoenix Capital Resources as the exclusive investment banker in conjunction with the potential sale of the assets of Flour City Bagels, LLC, and its... Read Story
March 15, 2016, 07:38 AM


Relativity Media announced that it has filed the necessary documents and believes it has met the conditions required by Judge Wiles of the United States Bankruptcy Court for the Southern District of New York for the company to emerge from Chapter... Read Story
March 14, 2016, 07:39 AM


Aspect Software announced that it is taking strategic action to facilitate its long-term growth, product innovations and ongoing pivot towards becoming the industry’s leading cloud-based provider. The company has entered into a pre-arranged agreement... Read Story
March 10, 2016, 07:25 AM


Alpha Natural Resources, Inc. announced that it has filed a proposed Chapter 11 Plan of Reorganization ("the Plan") and a related Disclosure Statement with the United States Bankruptcy Court for the Eastern District of Virginia.  Together with the... Read Story
March 09, 2016, 07:22 AM


Buffets, LLC, comprised of Ryan's®, Fire Mountain®, Country Buffet®, Old Country Buffet®, Tahoe Joe's Famous Steakhouse® and Hometown Buffet®, is set to file Chapter 11 bankruptcy so that it can restructure its debts and liabilities, strengthen its... Read Story
March 08, 2016, 08:09 AM


Total U.S. bankruptcy filings decreased just 1 percent in February from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 64,662 in February 2016, down slightly from the February 2015 total of... Read Story
March 07, 2016, 08:04 AM


Palmaz Scientific, Inc. announced that the Company filed for Chapter 11 protection in San Antonio to provide adequate time to identify and evaluate prospective buyers for its innovative metallurgical medical device technology.Dr. Julio Palmaz and... Read Story
March 07, 2016, 07:33 AM


Total U.S. bankruptcy filings decreased 11 percent in January from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 52,522 in January 2016, down from the January 2015 total of 59,092. Consumer... Read Story
February 05, 2016, 07:51 AM


Hancock Fabrics, Inc., a leading retailer in fabric, sewing and accessories, announced that it and its wholly-owned subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code.  The Company filed the... Read Story
February 03, 2016, 07:40 AM


SFX Entertainment, Inc. has reached an agreement with an ad hoc group of bondholders ("ad hoc group") to significantly restructure the Company's outstanding debt. SFX and the ad hoc group have entered into a Restructuring Support Agreement ("RSA")... Read Story
February 01, 2016, 07:55 AM


Verso Corporation has finalized a restructuring support agreement (RSA) with creditors holding at least a majority in principal amount of substantially all tranches of funded debt of Verso and its subsidiaries in connection with Verso's filing for... Read Story
January 28, 2016, 07:48 AM


Colt Defense LLC announced it has completed its financial restructuring and emerged from its Chapter 11 process. The Company concluded its restructuring after completing all required actions and satisfying all remaining closing conditions to its... Read Story
January 14, 2016, 07:23 AM


American Apparel, Inc. announced that it has obtained unanimous approval of all voting classes to accept its reorganization plan, a significant step forward that will enable the company to continue implementation of its current turnaround strategy... Read Story
January 12, 2016, 08:06 AM


Total bankruptcy filings totaled 819,240 nationwide for calendar year 2015 (Jan. 1-Dec. 31), a 10 percent decrease from the 910,397 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 789,222 total... Read Story
January 08, 2016, 07:11 AM


Swift Energy Company has reached an agreement with holders of a majority of its senior notes to convert all senior notes to equity pursuant to the terms of a restructuring support agreement. Under the agreement, existing equity holders are to retain... Read Story
January 04, 2016, 07:21 AM


SSG Capital Advisors acted as the investment banker to Coyne International Enterprises Corp. ("Coyne" or the "Company") in the sale of substantially all of its assets to Cintas Corporation No. 2, Prudential Overall Supply, Inc., Clean Rentals, Inc.... Read Story
December 28, 2015, 07:40 AM


Colt Defense LLC announced that the United States Bankruptcy Court for the District of Delaware (the “Court”) has confirmed the Company's Second Amended Joint Plan of Reorganization (“the Plan”). The Plan received full support from all of the... Read Story
December 17, 2015, 07:20 AM


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


Hercules Offshore announced it has completed its financial restructuring and emerged from Chapter 11, and funding of the company's new $450 million senior secured credit facility has been completed."Today marks the beginning of a new chapter for... Read Story
November 09, 2015, 07:08 AM


After five issuer defaults already this month accounting for nearly $2 billion in new volume, Fitch Ratings now expects the US high-yield default rate to end 2015 at around 3.5% -- above the 2.9% trailing 12- month (TTM) rate through September. This... Read Story
October 12, 2015, 07:23 AM


U.S. bankruptcy filings totaled 629,570 during the first nine months of 2015 (Jan. 1-September 30), an 11 percent decrease from the 705,728 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 607,182... Read Story
October 08, 2015, 07:39 AM


American Apparel reached a restructuring support agreement with 95% of its secured lenders to implement a pre-arranged financial restructuring. This reorganization will enable the Company to implement a comprehensive transformation strategy to... Read Story
October 05, 2015, 08:03 AM


Quiksilver, Inc. announced that it commenced voluntary proceedings for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) for its U.S. subsidiaries.... Read Story
September 10, 2015, 07:31 AM


Total commercial chapter 11 filings in the United States increased 48 percent in August 2015 over August of last year, according to data provided by Epiq Systems, Inc. Commercial chapter 11 filings increased to 531 filings in August 2015 from the 360... Read Story
September 03, 2015, 08:00 AM


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


Alpha Natural Resources, Inc. and certain of its wholly-owned subsidiaries filed voluntary petitions today with the United States Bankruptcy Court for the Eastern District of Virginia in Richmond to reorganize under Chapter 11 of the U.S. Bankruptcy... Read Story
August 04, 2015, 08:07 AM


Coyne International Enterprises Corp., a leading U.S. commercial laundry service company (Coyne), filed for relief under chapter 11 of the Bankruptcy Code Friday in the United States Bankruptcy Court for the Northern District of New York in... Read Story
August 04, 2015, 07:45 AM


Relativity Media and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York in order to strengthen its balance sheet and recapitalize... Read Story
July 31, 2015, 07:37 AM


Chassix Holdings, Inc. and its U.S. subsidiaries has successfully completed its prearranged restructuring and recapitalization and emerged from Chapter 11 bankruptcy protection. Through its prearranged Chapter 11 plan, Chassix substantially reduced... Read Story
July 30, 2015, 07:49 AM


GT Advanced Technologies Inc. announced that it has it has closed on its $95 million debtor-in-possession term loan facility (the "DIP Loan Facility"). The lenders include certain holders of GT's convertible notes. The loan has a one-year term and... Read Story
July 29, 2015, 07:41 AM


NII Holdings, Inc. announced that it has satisfied the conditions to the effectiveness of the First Amended Joint Plan Of Reorganization (the "Plan") of the company and certain of its subsidiaries that was confirmed by the United States Bankruptcy... Read Story
June 29, 2015, 07:13 AM


Colt Defense has entered into a consensual agreement under which Colt’s secured lenders will provide $20 million in debtor in possession credit facilities to allow for ordinary course business operations during the Chapter 11 process.Consistent with... Read Story
June 25, 2015, 07:05 AM


Chassix and its U.S. subsidiaries have reached agreement with the Official Committee of Unsecured Creditors, the company’s existing private equity sponsor, and the informal group representing more than 73% of the company’s secured and 80% of the... Read Story
June 23, 2015, 08:00 AM


Anna's Linens, Inc., a specialty retailer of value priced home fashions, has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, in Santa Ana, CA on Ju.e 14, 2015. The... Read Story
June 16, 2015, 07:49 AM


Colt Defense LLC  announced in voluntary Chapter 11 materials filed in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) a process that will allow for an accelerated sale of Colt’s business operations in the US... Read Story
June 15, 2015, 07:46 AM


EveryWare Global announced it has successfully completed its financial restructuring and has emerged from Chapter 11. The company exits the restructuring process with a significantly reduced debt load and strengthened balance sheet."Thanks to... Read Story
June 03, 2015, 07:56 AM


Patriot Coal Corporation, a producer and marketer of coal in the eastern United States, has filed with the Bankruptcy Court a letter of intent for a proposed sale of a substantial majority of its operating assets to Blackhawk Mining, LLC, as well as... Read Story
June 03, 2015, 07:49 AM


EveryWare Global, Inc.announced that the U.S. Bankruptcy Court for the District of Delaware, which has been overseeing the company's Chapter 11 proceedings following its filing on April 7, 2015, confirmed the company's financial restructuring plan... Read Story
May 26, 2015, 07:49 AM


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


Chassix Holdings, Inc. announced that it reached agreement with 80% of its unsecured bondholders and 71.5% of its senior secured bondholders, its existing sponsor, and all of its largest customers regarding the terms of a comprehensive restructuring... Read Story
March 13, 2015, 07:55 AM


The Standard Register Company announced that it and its subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.The Company also announced that it is... Read Story
March 13, 2015, 07:47 AM


Doral Financial Corporation (DFC) announced it has filed for chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York. DFC intends to wind-down its businesses, liquidate its assets, and seek approval of a plan... Read Story
March 12, 2015, 08:07 AM


Great American Group (GA), a leading provider of advisory and valuation services, asset disposition and auction solutions, commercial lending services and a subsidiary of B. Riley Financial, Inc., announced that it has begun "going-out-of-business"... Read Story
March 10, 2015, 07:39 AM


Sport-Haley Holdings, Inc., a diversified holding company, has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code today as part of its agreement with its secured lender. The filing, done in cooperation with the... Read Story
March 09, 2015, 07:51 AM


Cal Dive International, Inc. and its U.S. subsidiaries have filed simultaneous voluntary petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under the provisions of Chapter 11 of the U.S. Bankruptcy Code. The... Read Story
March 04, 2015, 08:06 AM


Allen Systems Group, Inc. (“ASG”), a recognized innovator in enterprise IT software solutions, announced that it has reached an agreement with its senior secured lenders -- composed of a consortium led by certain funds sponsored by Franklin Square... Read Story
February 18, 2015, 07:27 AM


Hilco Streambank is acting on behalf of a joint venture of Hilco Merchant Resources and Gordon Brothers Retail Partners, the exclusive agent of dELiA*s, Inc. in connection with the sale of the intellectual property and other assets related to the... Read Story
February 13, 2015, 07:42 AM


UniTek Global Services, Inc. has emerged from Chapter 11 with significantly less debt, supportive customers and vendors, and a focused strategy to provide infrastructure services to the satellite television, broadband cable, wireless... Read Story
January 14, 2015, 07:14 AM


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


Salus Capital Partners, LLC announced it has provided a $20 million debtor-in-possession (DIP) facility to dELiA*s, Inc.  dELiA*s, Inc. is an omni-channel retail company primarily marketing to teenage girls.  The financing will be used by the company... Read Story
December 10, 2014, 07:48 AM


The looming maturity of large numbers of commercial mortgage-backed securities (CMBS) is a signal to borrowers and professionals involved in commercial loans to be prepared for a potential crisis, according to the November edition of the ABI Journal.... Read Story
November 24, 2014, 07:36 AM


ALCO Stores, Inc. announced that the company and its subsidiary, ALCO Holdings, Limited Liability Company, filed on October 12, 2014 voluntary petitions for relief in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division... Read Story
October 14, 2014, 08:04 AM


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


SSG Capital Advisors, LLC acted as the investment banker to Alfred Giuliano, the Plan Administrator of KH Funding Company ("KH" or the "Company") in the sale of its loan portfolio to an affiliate of Aspen Capital Partners, LLC ("Aspen"). The sale was... Read Story
September 25, 2014, 07:34 AM


Lemonis Fischer Acquisition Company, LLC, a joint venture owned by Marcus Lemonis LLC and Fischer Enterprises, L.L.C., announced it completed the acquisition of the assets of New York-based cupcake company Crumbs Bake Shop.Marcus Lemonis, host of... Read Story
September 02, 2014, 08:01 AM


According to 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


Crumbs Bake Shop, a New York-based cupcake specialty store chain, announced that the U.S. Bankruptcy Court for the District of New Jersey has approved all of the First Day Motions related to its voluntary Chapter 11 process initiated July 11, 2014... Read Story
July 21, 2014, 08:04 AM


Reuters reports that Love Culture Inc on Wednesday filed for Chapter 11 bankruptcy, becoming the latest women's apparel retailer to seek protection from creditors. The article notes  that the clothing chain may be sold after having received interest... Read Story
July 17, 2014, 07:35 AM


M*Modal, a leading provider of clinical documentation and Speech Understanding™ solutions, announced that it expects to emerge from Chapter 11 within three weeks following a recent confirmation of the company's Plan of Reorganization by the U.S.... Read Story
July 17, 2014, 07:13 AM


Crumbs Bake Shop, Inc., a New York based cupcake specialty store chain, has entered into an Asset Purchase Agreement through which Lemonis Fischer Acquisition Company, LLC, a joint venture created by Marcus Lemonis LLC and Fischer Enterprises, L.L.C.... Read Story
July 14, 2014, 07:13 AM


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


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


Sorenson Communications, Inc. emerged from a pre-packaged Chapter 11 process, commenced on March 3, 2014, in the United States Bankruptcy Court for the District of Delaware. Reorganized Sorenson, with a strengthened balance sheet, will continue... Read Story
May 01, 2014, 06:56 AM


Genco Shipping & Trading Limited ("Genco" or the "Company") announced that – consistent with its previously disclosed Restructuring Support Agreement with certain of the lenders under its $1.1 billion secured credit facility entered into in 2007 (the... Read Story
April 22, 2014, 07:19 AM


According to report from Richmond Times-Dispatch, James River Coal, which filed for Chapter 11 bankruptcy protection on April 7, said it could no longer sustain its debt load after a steep decline in prices and demand for the coal it mines in the... Read Story
April 21, 2014, 06:26 AM


TelexFREE LLC announced that it and certain of its subsidiaries and affiliates filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code, in an effort to address certain operational challenges. The petitions were filed in the... Read Story
April 14, 2014, 07:42 AM


Coldwater Creek Inc. announced that the company and all of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware, in order to facilitate an orderly wind-down of its... Read Story
April 11, 2014, 07:54 AM


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


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 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


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


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


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


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


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


Total bankruptcy filings in the United States decreased 12 percent in May over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 96,430 in May 2013, down from the May 2012 total of 109,538. Consumer filings... Read Story
June 06, 2013, 07:35 AM


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


AMF Bowling Worldwide, Inc. and certain of its affiliates ("AMF") filed a new chapter 11 plan of reorganization and disclosure statement today sponsored by Strike Holdings LLC (known as Bowlmor), and certain of AMF's second lien lenders, including... Read Story
May 20, 2013, 07:51 AM


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


Thomson Reuters reported turnaround guru Wilbur Ross told one of the biggest annual gatherings of restructuring professionals on Friday the industry's system of basing pay on hours worked should be scrapped to control the spiraling cost of Chapter 11... Read Story
April 22, 2013, 08:00 AM


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


RDA Holding Co., parent company of The Reader's Digest Association, Inc., announced it has reached a consensual agreement on the terms of a financial restructuring with both its secured lender and over 70% of its secured noteholders. The agreement is... Read Story
February 19, 2013, 07:56 AM


Beechcraft, formerly Hawker Beechcraft, announced it has formally emerged from the Chapter 11 process as a new company well-positioned to compete vigorously in the worldwide business aviation, special mission, trainer and light attack markets. The... Read Story
February 19, 2013, 07:28 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


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