Express, Inc. has received a non-binding letter of intent from a consortium led by WHP Global (“WHP”), and participants including a wholly owned indirect subsidiary of Simon Property Group, L. P. (“Simon”) and Brookfield Properties (“Brookfield”) for... Read Story

The American Bankruptcy Institute (ABI) supports the recently introduced S. 4150 by Sen. Richard Durbin (D-Ill.) to extend key provisions of the “Bankruptcy Threshold Adjustment and Technical Corrections Act” that were due to sunset on June 21 for an... Read Story

Histogen, a drug development company for treatment of bacterial skin infections, has filed voluntary petitions for relief under subchapter V of Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court for the... Read Story

Number Holdings, the direct parent company of 99 Cents Only Stores has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware to implement... Read Story

New bankruptcy filings during the first calendar quarter of 2024 (Jan. 1 through March 31) registered year-over-year increases across all U.S. major filing categories, according to data provided by Epiq Bankruptcy, the leading provider of U.S.... Read Story

JOANN has entered into a Transaction Support Agreement (TSA) with a majority of its financial stakeholders and additional industry financing parties to strengthen the Company’s financial position. In connection with the TSA, the Company has received... Read Story

Commercial chapter 11 bankruptcy filings climbed 118 percent in February 2024, with the 822 filings versus the 377 filings in February 2023, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. The... Read Story

BowFlex Inc. has entered into a purchase agreement with Johnson Health Tech Retail, Inc. (the “Stalking Horse Bidder”) to serve as the stalking horse bidder to acquire substantially all of the assets of the Company for $37,500,000 in cash at the... Read Story

Thrasio Holdings has entered into a restructuring support agreement with approximately 81% of its revolving credit facility lenders and approximately 88% of its term loan lenders that will eliminate approximately $495 million of the Company's... Read Story

Robertshaw US Holding Corporation and certain of its U.S. affiliates, a leading global design, engineering, and manufacturing company, has commenced a financial restructuring process to improve its capital structure, strengthen its business, and... Read Story

Total bankruptcy filings were 36,607 in January 2024, a 17 percent increase from the January 2023 total of 31,176, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. January marks 18 consecutive months... Read Story

Cano Health, a leading value-based primary care provider and population health company, has entered into a Restructuring Support Agreement (the "RSA") with lenders (the "Ad Hoc Lender Group") holding approximately 86% of its secured revolving and... Read Story

NanoString Technologies, a leading provider of life science tools for discovery and translational research, announced that steps are being taken to protect its business, customers, employees and its mission to “Map the Universe of Biology.” With... Read Story

Diamond Sports Group entered into a Restructuring Support Agreement (“RSA”) with its largest creditor groups, including over 85% of the Company’s first lien debt holders, over 50% of the Company’s second lien debt holders, and over 66% of unsecured... Read Story

Commercial chapter 11 filings increased 72 percent to 6,569 in calendar year 2023 from the previous year’s total of 3,819, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial filings... Read Story

Air Methods Corporation, the leading air medical service provider in the U.S., has successfully emerged from Chapter 11 with significantly reduced debt and increased liquidity that positions the Company for long-term success.Air Methods is moving... Read Story

PREIT, a leading operator of diverse retail and experiential destinations, announced it is taking steps to execute a comprehensive reorganization to strengthen its balance sheet, reduce its total indebtedness by approximately $880 million and extend... Read Story

Near Intelligence, a privacy-led data intelligence company, announced that it and certain of its subsidiaries (collectively, the “Debtors”) have voluntarily initiated a Chapter 11 proceeding in the United States Bankruptcy Court for the District of... Read Story

The bankruptcy filing by WeWork, Inc. in November propelled November commercial chapter 11 filings to 842, an increase of 141 percent over the 349 filings registered in November 2022, according to data provided by Epiq Bankruptcy.The case filed by... Read Story

North America's largest glass recycler, Strategic Materials, Inc. (SMI), announced a comprehensive restructuring to position the business for long-term growth.SMI and certain of its U.S. domestic subsidiaries have filed voluntary petitions for... Read Story

Smart Earth Technologies (“SET”), a provider of environmentally sustainable utility management solutions for water utilities is looking to enter into a financial restructuring that will culminate in an orderly liquidation and wind-down of the Company... Read Story

WeWork announced that it has commenced a comprehensive reorganization to strengthen its capital structure and financial performance and best position the Company for future success. The Company maintains the strong support of its key financial... Read Story

IronNet, Inc. stabilizes operations and continues plan of reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.On October 10, 2023, IronNet entered into a binding term... Read Story

There were 631 commercial chapter 11 filings registered in October 2023, an increase of 106 percent from the 306 filings registered in October 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing... Read Story

A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (the “Company”), announced plans to market for sale 78 Rite Aid and Bartell Drugs neighborhood pharmacy leases, as well as 21 fee-owned properties, pending... Read Story

Rite Aid Corporation has reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the Company to accelerate its ongoing business transformation. Implementing the... Read Story

The 4,553 total commercial chapter 11 bankruptcies filed during the first nine months of 2023 represented a 61 percent increase over the 2,837 filed during the same period in 2022, according to data provided by Epiq Bankruptcy, the leading provider... Read Story

The increase in large corporate bankruptcies in the first half of 2023 marked a reversal from a gradual decline in filings since the start of 2021, according to a report released by Cornerstone Research.The report, Trends in Large Corporate... Read Story

The Wall Street Journal reported Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial number of its more than 2,100 drugstores, citing people familiar with the talks.According to the... Read Story

First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $55 million revolving credit facility to National CineMedia to support their emergence from Chapter 11 bankruptcy.National... Read Story

Reuters reported that a U.S. bankruptcy judge on Wednesday approved Party City Holdco's Chapter 11 bankruptcy plan, which will cancel about $1 billion in company debt and turn all of its equity value over to the retailer's lenders.Read the full... Read Story

There were 634 commercial chapter 11 filings registered in August 2023, an increase of 54 percent from the 411 filings registered in August 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.... Read Story

B. Riley Real Estate, subsidiary of B. Riley Financial, served as exclusive real estate advisor in connection with the United Furniture Industries, Inc. (“UFI”) Chapter 11 bankruptcy and related 363 asset sale of all its properties, including the... Read Story

Mallinckrodt plc received approvals from the U.S. Bankruptcy Court for the District of Delaware for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed on August 28, 2023.As expected, the Court granted Mallinckrodt... Read Story

Bloomberg reported that Rite Aid Corp. is preparing a Chapter 11 bankruptcy filing to restructure debts including opioid liabilities, according to people familiar wiht the matter. According to the Bloomberg report, advisers to the pharmacy chain have... Read Story

Mallinckrodt plc, a global specialty pharmaceutical company, has taken the next step to implement the comprehensive financial restructuring plan contemplated by a Restructuring Support Agreement ("RSA") the Company previously entered into with more... Read Story

Ravinia Capital, a Chicago-based boutique investment bank specializing in sell-side M&A advisory and 363 bankruptcy sales, announced the sale of Allied Healthcare Products to Allied Medical LLC (dba Flexicare) through a Chapter 11 Section 363 sale... Read Story

Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.The Chapter 11 filing follows the permanent appointment of... Read Story

Proterra, a leading innovator in commercial vehicle electrification technology, announced that the Company is taking action to maximize the value of its business and enhance the potential of each of its product lines. To do so, Proterra has... Read Story

Yellow Corporation and certain of its direct and indirect 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 for the Company’s planned... Read Story

There were 362 commercial chapter 11 filings registered in July 2023, an increase of 71 percent from the 212 filings registered in July 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.  Overall... Read Story

AppHarvest, a sustainable food company, announced that it is pursuing a financial and operational transition to enable the company to reduce its outstanding liabilities. Business operations will continue at the farms, including shipping product to... Read Story

Alpine Summit Energy Partners and certain affiliates and related companies announced that, after evaluating a variety of strategic alternatives, it has filed for voluntary chapter 11 relief in the U.S. Bankruptcy Court for the Southern District of... Read Story

Tattooed Chef, a leader in plant-based foods, announced that it intends to file for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Central District of California and intends to pursue a sale of... Read Story

Lannett Company announced that it and certain of its subsidiaries have successfully emerged from their Chapter 11 cases following the confirmation of its Plan of Reorganization (the “Plan”) on June 8, 2023.“Our swift and successful emergence marks a... Read Story

PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, announced that Joseph Marchese has been appointed Chief Restructuring Officer of... Read Story

Instant Brands has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed on June 12, 2023. Notably, the Court authorized the... Read Story

Instant Brands, maker of consumer favorites like Instant Pot®, Corelle®, Pyrex®, Snapware®, CorningWare®, Visions® and Chicago Cutlery®, announced that it is taking steps to strengthen the Company as it continues providing housewares and appliance... Read Story

Commercial Chapter 11 filings increased 105 percent in May 2023 to 680 versus the 332 filings in May 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Nearly half of the Chapter 11 filings were... Read Story

VICE Media Group announced that it has agreed to the terms of an asset purchase agreement ("APA") with a consortium of its lenders (the "Lender Consortium"), pursuant to which the Lender Consortium has agreed to purchase the Company, subject to... Read Story

Envision Healthcare announced it and certain of its wholly owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Envision has entered into a Restructuring Support Agreement (RSA) with its... Read Story

Small business filings, captured as subchapter V elections within Chapter 11, increased 81 percent to 157 in April 2023 from 87 in April 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. All... Read Story

Revlon announced that it has successfully completed the financial restructuring process and has emerged from Chapter 11 positioned for future success and growth. The newly reorganized company is named "Revlon Group Holdings LLC.”With approximately... Read Story

Lannett Company announced that it and certain of its subsidiaries have commenced prepackaged Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware to effectuate the transactions contemplated by the Restructuring Support... Read Story

Bed Bath & Beyond announced that it and certain of its subsidiaries (collectively, "the Company") filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District... Read Story

David's Bridal, the nation's leading bridal and special occasion authority, announced that the Company and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United... Read Story

Revlon announced that the United States Bankruptcy Court for the Southern District of New York has confirmed the Company’s Plan of Reorganization. The Plan positions Revlon to emerge from bankruptcy in late April – consistent with the timeline... Read Story

Virgin Orbit Holdings, Inc. and its U.S. subsidiaries, a responsive space launch provider, announced that it commenced a voluntary proceeding under Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court in the... Read Story

New bankruptcy filings in March 2023 registered year-over-year increases across all U.S. major filing categories for the third month in a row, according to data provided by Epiq Bankruptcy, provider of U.S. bankruptcy filing data.A total of 42,368... Read Story

A&G Real Estate Partners, in its capacity as real estate advisor to Party City Holdco Inc. (PCHI), plans to auction eight additional Party City leases as part of PCHI’s expedited financial restructuring, subject to Bankruptcy Court approval of bid... Read Story

New bankruptcy filings in February 2023 registered double-digit increases year-over-year across all U.S. major filing categories, according to data provided by Epiq Bankruptcy. The 31,889 total new bankruptcy filings in February were up 18 percent... Read Story

Avaya Holdings Corp., a global leader in solutions to enhance and simplify communications and collaboration, has entered into a Restructuring Support Agreement (the “Financial Restructuring”) with overwhelming support of more than 90% of the... Read Story

Bankruptcy new filings were up year-over-year across Chapter 7, 11, 13 and 15 in January 2023, according to data provided by Epiq Bankruptcy.Total commercial filings increased 12 percent to 1,694 in January 2023 over the 1,508 total filings reported... Read Story

Serta Simmons Bedding, a leading global sleep company, announced that the company is taking steps to strengthen its financial position as it continues to support long-term growth.SSB has entered into a Restructuring Support Agreement with key... Read Story

Genesis Global Holdco, LLC (“Genesis” “GGH” or the “company”), an industry pioneer and digital currency prime brokerage, announced strategic actions to achieve a global resolution to maximize value for all clients and stakeholders and strengthen its... Read Story

Reuters reported that Party City Holdco Inc. filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry.Read the Reuters news story here. Read Story

Individual Chapter 13 bankruptcy filings during calendar year 2022 (Jan. 1-Dec. 31) increased 32 percent to 149,072 from the 2021 total of 112,913, according to data provided by Epiq Bankruptcy. While representing a substantial year-over-year... Read Story

To facilitate the ongoing process to sell its businesses,  DCL Corporation, a leading manufacturer and reseller of color pigments, announced that, on December 20, 2022, its United States based subsidiaries have filed voluntary petitions for a... Read Story

Clovis Oncology, a biopharmaceutical company focused on acquiring, developing, and commercializing innovative anti-cancer agents in the U.S., Europe, and additional international markets, announced that it and certain of its subsidiaries... Read Story

Commercial chapter 11 filings increased 74 percent to 345 in November 2022 from the 198 filings recorded in November 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.The November 2022 commercial... Read Story

BlockFi Inc. and eight of its affiliates (“BlockFi” or “the Company”) commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (“the Court”) to stabilize its business... Read Story

Commercial chapter 11 filings for bankruptcy increased 2 percent in October to 304 filings from 297 filings the previous year. Small business filings, captured as subchapter V elections within chapter 11, increased 28 percent to 131 in October 2022... Read Story

Year-over-year U.S. bankruptcy filings increased seven percent across all chapters for the second consecutive month in September, according to data released today from Epiq's Bankruptcy Analytics platform.  There were 33,184 total filings registered... Read Story

Bankruptcy filings in August 2022 across all chapters totaled 35,355, a 10 percent increase from the August 2021 total of 32,276, according to new research released from Epiq's Bankruptcy Analytics platform.Overall commercial filings increased 6... Read Story

There were 212 commercial chapter 11 filings registered in July 2022, a decrease of 13 percent from the 245 filings in July 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Overall commercial... Read Story

SSG Advisors (“SSG”) acted as the investment banker to U.S. Tobacco Cooperative Inc. and its affiliates in the placement of exit financing pursuant to a confirmed Chapter 11 Plan of Reorganization (the “Plan”) in the U.S. Bankruptcy Court for the... Read Story

The 447 commercial chapter 11 filings in June represented a 29 percent increase from the 347 filings in June 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Overall commercial filings... Read Story

First Guaranty Mortgage announced that the Company and affiliate Maverick II Holdings, LLC filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware to protect the business while exploring all available... Read Story

Bloomberg reported cosmetics giant Revlon Inc. is preparing to file for Chapter 11 bankruptcy as it battles supply chain problems and a heavy debt load, according to people with knowledge of the matter.Read the Bloomberg report here. Read Story

There were 330 commercial chapter 11 filings registered in May 2022, an increase of 34 percent from the 246 filings in May 2021, according to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data. Overall commercial filings... Read Story

Armstrong Flooring has received approval from the U.S. Bankruptcy Court for the District of Delaware to access its consensual debtor-in-possession ("DIP") financing totaling $24 million in net new money. This financing will provide the Company with... Read Story

Armstrong Flooring announced that the Company and certain of its subsidiaries have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. In a continuation of... Read Story

Total U.S. bankruptcy filings in April 2022 decreased 21 percent from the previous year, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Bankruptcy filings totaled 32,508 in April 2022, down from... Read Story

Sungard Availability Services (Sungard AS) today announced that, after evaluating several strategic alternatives, it has filed voluntary chapter 11 petitions in the U.S. Bankruptcy Court in Houston, Texas and commenced proceedings in respect of its... Read Story

The American Bankruptcy Institute (ABI) applauds the Senate’s swift passage yesterday of the amended S.3823, the “Bankruptcy Threshold Adjustment and Technical Corrections Act.” Sen. Charles Grassley (R-Iowa) had recently introduced the legislative... Read Story

The total 36,049 bankruptcy filings for March represented a 34 percent increase over the 26,993 filings during the previous month of February, according to data provided by Epiq Bankruptcy. Similarly, the 34,244 total noncommercial filings for March... Read Story

The American Bankruptcy Institute (ABI) applauds the introduction of S. 3823, the “Bankruptcy Threshold Adjustment and Technical Corrections Act,” which would permanently set the debt limit at $7.5 million for small businesses electing to file for... Read Story

Commercial Chapter 11 filings in February totaled 203, a 52 percent drop from the 420 commercial Chapter 11 filings in February 2021, according to data provided by Epiq. The 1,420 commercial filings in February 2022 were 28 percent less than the... Read Story

The 1,499 bankruptcy commercial filings in January were 27 percent fewer than the 2,049 registered in January 2021, according to data provided by Epiq. Commercial Chapter 11 filings in January totaled 223, a 53 percent drop from the 479 commercial... Read Story

Epiq released its December 2021 bankruptcy filing statistics from its Epiq Bankruptcy AACER Platform. Overall, December new filings were 27,957 across all chapters, down 4.7% from November 2021 which had 29,328 new filings. Total commercial filings... Read Story

The 195 commercial chapter 11 filings in November 2021 represented a 70 percent decrease from the 654 filings in November 2020, according to data provided by Epiq. Commercial bankruptcy filings as a whole totaled 1,565 in November 2021, a 33 percent... Read Story

The 294 commercial chapter 11 filings recorded in October 2021 represented a 19 percent increase from the 247 commercial chapter 11 filings in September 2021, according to data provided by Epiq. Overall October 2021 business filings increased 4... Read Story

CBL Properties successfully completed its Chapter 11 reorganization. CBL emerged with a significantly improved capital structure, greater financial flexibility and a lowered cost of capital, positioning the company with a much-improved balance sheet... Read Story

GTT Communications, a leading global cloud networking provider to multinational clients, announced that the Company and certain of its direct and indirect subsidiaries have commenced prepackaged chapter 11 cases in the United States Bankruptcy Court... Read Story

Companies have unique opportunities to shift their focus beyond capital structure fixes during bankruptcy and identify plans and strategies for building a stronger foundation for scalable, sustainable growth upon emerging from Chapter 11, according... Read Story

Commercial Chapter 11 filings totaled 247 in September, a 67 percent decrease from September 2020’s total of 749 filings. September 2020 business filings were 1,690, a decrease of 37 percent compared to the 2,683 business filings in September... Read Story

For its work on the restructurings of GNC and Tuesday Morning, A&G Real Estate Partners was among the winners of The M&A Advisor’s 15th-Annual Turnaround Awards.  It was the third such award presented to A&G—an advisory firm specializing in lease... Read Story

Commercial chapter 11 filings decreased 50 percent in August 2021 from last year, according to data provided by Epiq Systems. The 264 commercial chapter 11 filings in August 2021 fell by exactly half from the 528 filings registered in August 2020.... Read Story

GTT Communications, a leading global cloud networking provider to multinational clients, has entered into a Restructuring Support Agreement with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital... Read Story

Avadim Health completed the court-approved sale of substantially all its assets to a newly-created company owned by funds managed by Hayfin Capital Management (Hayfin) following a Chapter 11 process. The new company (the Company) will continue to... Read Story

Epiq released its July 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Across all chapters, new filings in July were 32,375, down 6 percent from 34,277 in June. Commercial filings across all chapters were... Read Story

Alpha Latam Management ("ALM") and certain of its affiliates that operate its Colombian business (the "Debtors") filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the District of Delaware.... Read Story

Wolters Kluwer Legal & Regulatory U.S. launched Bankruptcy Essentials, a digital research and analysis solution that streamlines the process of managing bankruptcy litigation and restructuring transactions. Developed and curated by industry-leading... Read Story

The 349 commercial chapter 11 filings in June represented a 42 percent increase from the 246 filings in May 2021, according to data provided by Epiq. Total commercial filings in June increased 11 percent to 1,983 from the 1,791 commercial filings in... Read Story

Washington Prime Group Inc. announced that it and certain of its subsidiaries 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 of Texas.... Read Story

Creditors to be paid in full and existing shareholders to receive more than $1 billion of value.Hertz Global Holdings announced that the Bankruptcy Court confirmed the Company's Plan of Reorganization (the "Plan"). The Plan unimpairs all classes of... Read Story

Total commercial Chapter 11 filings in May decreased 66 percent from the previous year, according to data provided by Epiq, the American Bankruptcy Institute said. Commercial Chapter 11 filings totaled 246 in May, down from the 725 commercial Chapter... Read Story

Epiq released its May 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. The new filings for May dropped to 34,734 across all chapters. This is a 15 percent drop from the April 2021 new filings count of 40,913.... Read Story

Hertz Global Holdings announced that, following the completion of the auction previously approved by the Court in its Chapter 11 case, Hertz has selected and approved a revised proposal from certain funds and accounts managed by affiliates of each of... Read Story

Total U.S. bankruptcy filings in April 2021 increased 6 percent from the previous year, according to data provided by Epiq. Bankruptcy filings totaled 40,911 in April 2021, up from the April 2020 total of 38,459, when filings sharply declined in the... Read Story

Armory Securities announced the successful sale of all of Wave Computing, Inc. via §363 auction under the U.S. Bankruptcy code. Armory served as exclusive financial advisor to Wave Computing, Inc. for the transaction.Founded in 2010, Wave Computing... Read Story

Epiq released its April 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Total April new filings exceeded the forty thousand threshold for the second straight month with 40,886 across all chapters. The new... Read Story

Hertz Global Holdings confirmed that it has received a revised proposal from affiliates of Knighthead Capital Management LLC, Certares Opportunities LLC, and Apollo Capital Management, LP to provide equity capital required to fund Hertz's exit from... Read Story

Frontier Communications Corporation announced the California Public Utilities Commission has unanimously voted to approve its emergence from Chapter 11. Having already received all other required state and federal approvals, the Company expects to... Read Story

The total 43,425 bankruptcy filings for March represented a 39 percent increase over the 31,221 filings during the previous month of February, according to data provided by Epiq. Similarly, the 41,150 total noncommercial filings for March represented... Read Story

Hertz Global Holdings selected an enhanced proposal from Centerbridge Partners, L.P., Warburg Pincus LLC, and Dundon Capital Partners, LLC (collectively, the "Sponsorship Group") to provide the equity capital required to fund Hertz's exit from... Read Story

Hertz Global Holdings announced it has made all of the required court filings in its Chapter 11 case needed to continue the process it initiated at the beginning of March 2021 to exit Chapter 11 in June 2021. The filings also report on the status of... Read Story

President Joe Biden on Saturday, March 27, 2021, signed the “COVID-19 Bankruptcy Relief Extension Act” into law to extend provisions providing financially distressed consumers and small businesses greater access to bankruptcy relief. The legislation... Read Story

Bloomberg reported that Greensill Capital filed for Chapter 11 bankruptcy protection for its U.S. unit in New York. According to the Bloomberg report, Greensill Capital Inc. listed assets of as much as $50 million and liabilities of up to $100... Read Story

Garrett Motion announced that the U.S. bankruptcy court has approved the disclosure statement in respect of Garrett’s proposed plan of reorganization, which is sponsored by a consortium of investors led by funds managed by Centerbridge Partners, L.P.... Read Story

The American Bankruptcy Institute (ABI) sent a letter to Senate Judiciary Committee leadership on Friday supporting S. 473, the "COVID-19 Bankruptcy Relief Extension Act," to extend, for another year, bankruptcy-relief provisions due to sunset in the... Read Story

Hertz Global Holdings announced that it has reached a key milestone in the Company's Chapter 11 process by filing its proposed Plan of Reorganization ("Plan") and related Disclosure Statement with the U.S. Bankruptcy Court for the District of... Read Story

Epiq released its February 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. February experienced the lowest number of new monthly bankruptcy filings across all chapters, with only 31,188 filings, since... Read Story

Commercial Chapter 11 filings in January 2021 totaled 479, a 24 percent drop from the 631 commercial Chapter 11 filings in January 2020, according to data provided by Epiq. The 2,035 commercial filings in January 2021 were 43 percent less than the... Read Story

Epiq released its January 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. January experienced the lowest monthly number of new bankruptcy filings across all chapters since February 2006 (26,617 filings) with... Read Story

Frontera Holdings has entered into a Restructuring Support Agreement (RSA) with approximately 97 percent of its term loan lenders, 100 percent of its noteholders, and its 100 percent equity holder, through which most of the Company's debt will be... Read Story

Knotel announced plans to accelerate its transformation into a more capital efficient business and reorganize its operations and capital structure under new ownership.As part of its strategic path forward, Knotel has reached an agreement to sell the... Read Story

Christopher & Banks Corporation, a specialty women’s apparel retailer, announced that it has filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (the... Read Story

Commercial Chapter 11 filings increased 29 percent during calendar year 2020 as the total of 7,128 climbed past the 5,519 recorded during calendar year 2019, according to data provided by Epiq. The 2020 commercial Chapter 11 filing total was the... Read Story

CEC Entertainment announced its emergence from Chapter 11 protection. This milestone marks the successful completion of the Company's financial restructuring process and implementation of the Plan of Reorganization confirmed by the U.S. Bankruptcy... Read Story

Wave Computing and its subsidiaries including MIPS Tech, announced that the Company has reached an agreement with its secured lender Tallwood Technology Partners, LLC to restructure the Company's current capital structure and provide substantial... Read Story

Tuesday Morning and certain of its subsidiaries announced that the U.S. Bankruptcy Court for the Northern District of Texas has confirmed the Company’s Plan of Reorganization (the “Plan”). As a result, Tuesday Morning expects to successfully emerge... Read Story

Guitar Center announced that the United States Bankruptcy Court for the Eastern District of Virginia has confirmed the Company’s Plan of Reorganization (the “Plan”). As planned, the Company expects to emerge from Chapter 11 by December 31 with... Read Story

Superior Energy Services announced that it has advanced its previously announced financial restructuring by commencing voluntary cases under Chapter 11 of the U.S. Bankruptcy Code before the U.S. Bankruptcy Court (the “Bankruptcy Court”) for the... Read Story

Commercial Chapter 11 filings increased 46 percent in November over November of last year, according to data provided by Epiq. Increasing from November 2019’s commercial Chapter 11 filing total of 449, nearly half of the 654 commercial Chapter 11... Read Story

Guitar Center, Inc., a leading musical instrument retailer, announced that it has entered into a comprehensive Restructuring Support Agreement (the “RSA”) with its key stakeholders, including its equity sponsor, a fund managed by the Private Equity... Read Story

The impact of COVID-19 is becoming evident in the accelerating Chapter 11 filings. The amount of Chapter 11 bankruptcy filings in the third quarter, which are tracked in the newest Polsinelli-TrBK Distress Indices Report, have hit the highest level... Read Story

NPC International, Inc. announced that it has entered into a stalking horse asset purchase agreement with Flynn Restaurant Group LP through certain of its subsidiaries (“Flynn”) and will seek approval of Flynn as the stalking horse bidder from the... Read Story

Commercial Chapter 11 filings increased slightly as the 550 filings in October 2020 were up 4 percent over the 530 recorded in October 2019, according to data provided by Epiq Systems, Inc. Throughout 2020, more than one-half of the commercial... Read Story

Hertz Global Holdings announced that it has secured commitments for fleet financing totaling $4 billion and has filed a motion for approval of The Hertz Corporation entering into the documentation for the financing by the U.S. Bankruptcy Court for... Read Story

Year to date, Commercial Chapter 11 filings are up year-over-year by 30 percent with a total of 6,081 new filings, compared to 4,677 in the same period last year, according to Epiq. However, new Commercial Chapter 11 filings in October were down 26.5... Read Story

CBL Properties announced that CBL & Associates Properties, Inc., CBL & Associates Limited Partnership (the “Operating Partnership”), and certain other related entities have filed voluntary petitions for reorganization under Chapter 11 of the U.S.... Read Story

Despite continued high unemployment related to the coronavirus (COVID-19) pandemic, personal and business bankruptcy filings fell 21.1 percent for the 12-month period ending Sept. 30, 2020, according to statistics released by the Administrative... Read Story

KPS Capital Partners, LP ("KPS") announced that, through a newly formed affiliate, it has entered into an asset purchase agreement with Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries under which KPS will acquire... Read Story

The associated debt from North American oil and gas bankruptcies in 2020 has already reached an all-time high and is set to grow even further this year as the wave of Chapter 11 filings continues, a Rystad Energy report projects, analyzing industry... Read Story

Headquartered in Texas, Gabriel’s Liquor is the largest packaged store retailer in the greater San Antonio area. Established more than 60 years ago, Gabriel’s operated 33 stores under the names Gabriel’s Liquor and Don’s & Ben’s Liquor. On October 5... Read Story

Libbey Inc., one of the world's largest glass tableware manufacturers, announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company's Plan of Reorganization (the "Plan"). Libbey expects to complete its... Read Story

YogaWorks, one of the leading providers of authentic yoga instruction in the United States, announced that it has voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of... Read Story

Ruby Tuesday announced that it has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code. Prior to its filing, the Company reached an understanding with its secured lenders to support its restructuring through... Read Story

Mallinckrodt plc announced that it has voluntarily initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to modify its capital structure, including restructuring portions of its debt, and resolve several billion... Read Story

Bouchard Transportation Co., Inc. the nation’s largest independently-owned ocean-going petroleum barge company, announced that it and certain of its subsidiaries have filed voluntary petitions to restructure under chapter 11 of the United States... Read Story

Neiman Marcus Holding Company, Inc. (formerly Neiman Marcus Group LTD LLC) announced it has emerged from voluntary Chapter 11 protection, successfully completing its restructuring process and implementing the Plan of Reorganization ("Plan") that was... Read Story

J.Crew Group announced that it has successfully completed its financial restructuring process and emerged from Chapter 11 well positioned for long-term growth. As part of its financial restructuring, the Company has equitized more than $1.6 billion... Read Story

J.C. Penney Company, Inc. announced that it has reached an agreement in principle to sell JCPenney through a court-supervised sale process. The Company plans to seek approval of a disclosure statement and, ultimately, confirmation of a plan of... Read Story

The Securities and Exchange Commission charged Daniel Kamensky, co-chair of the unsecured creditors committee in the Neiman Marcus Group Ltd. LLC Chapter 11 bankruptcy proceedings, with abusing his position on the committee to attempt to benefit a... Read Story

J.C. Penney has until September 10 to reach an agreement with lenders or face liquidation after talks with landlords for a rescue from bankruptcy proceedings stalled over the weekend, according to multiple news reports.Reuters reports the... Read Story

Since the start of the COVID-19 pandemic, courts have alleviated some financial burdens of bankrupt retailers by granting “mothball motions,” allowing companies to shelve post-petition rental payments, according to an article in the August ABI... Read Story

RTW Retailwinds, Inc., an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, announced that after a bankruptcy auction on Friday August 28, 2020 it has entered into a new asset purchase agreement with the... Read Story

Jason Industries announced that the United States Bankruptcy Court for the Southern District of New York has confirmed the Company’s Plan of Reorganization, clearing the way for Jason to successfully complete its Chapter 11 financial restructuring... Read Story

Frontier Communications Corporation announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed the Company’s Plan of Reorganization (the “Plan”), subject to final documentation. Upon emergence, the Company will have... Read Story

Chaparral Energy, Inc. announced that the Company has entered into a Restructuring Support Agreement with certain of its funded debtholders to pursue a prepackaged plan of reorganization pursuant to which Chaparral will restructure its balance sheet... Read Story

Total commercial Chapter 11 filings in July increased 52 percent from the previous year, according to data provided by Epiq. Commercial Chapter 11 filings totaled 643 in July, expanding from the July 2019 total of 423, according to the American... Read Story

Briggs & Stratton Corporation, a recognized global leader in providing power to get work done, today announced it has entered into a definitive stock and asset purchase agreement with KPS Capital Partners, LP (KPS), which has more than a 20-year... Read Story

Brooks Brothers, America’s oldest apparel company, announced that it has commenced Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware to facilitate a value-maximizing sale process. A transaction would ensure that the... Read Story

Commercial Chapter 11 filings are up 43% over June of last year, with 609 new filings, up from 424 from the same period last year, according to Epiq, a global leader in legal services. For the first half of 2020, total commercial Chapter 11 filings... Read Story

GNC Holdings, Inc., a leading global health and wellness brand, announced that the Company, certain of its North American entities, certain of its secured lenders, and key stakeholders have reached an agreement to pursue a dual-path process that will... Read Story

AAC Holdings, Inc., a provider of inpatient and outpatient substance abuse treatment services and parent of American Addiction Centers, announced it has received the support of its Board of Directors and lenders to move forward with a strategic... Read Story

Neiman Marcus Group LTD LLC announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division to access debtor-in-possession ("DIP") financing, including the immediate availability of $250... Read Story

Pyxus International, Inc., a global value-added agricultural company, announced  that it and its subsidiaries, Alliance One International, LLC, Alliance One North America, LLC, Alliance One Specialty Products, LLC and GSP Properties, LLC, filed... Read Story

GVM Inc. of Biglerville, PA, an American manufacturer of high-end agriculture equipment called Prowler Double Duty Spreaders and Mako Sprayers, has exited Chapter 11 Bankruptcy in a transaction with Liquid Finance. With the reorganization, GVM has... Read Story

Men's retailer Brooks Brothers is reportedly negotiating with unnamed banks as it seeks debtor in possession financing for a possible Chapter 11 filing.According to CNBC, the retailer could file as soon as July but has not yet hammered out the... Read Story

J.C. Penney Company, Inc. announced that it has received authorization from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, Texas to access its debtor-in-possession (DIP) financing, which includes $450 million of new... Read Story

Total commercial Chapter 11 filings in May increased 48 percent from the previous year, according to data provided by Epiq Systems, Inc. Commercial Chapter 11 filings totaled 722 in May 2020, elevated from the May 2019 total of 487, the American... Read Story

The recent bankruptcy filings of Hertz and Advantage Rent A Car could further exacerbate the downward pressure on U.S. used vehicle prices for the remainder of the year and pressure lease residual values and recovery rates on defaulted auto loans... Read Story

J.C. Penney Company, Inc. announced that it has entered into a restructuring support agreement with lenders holding approximately 70% of JCPenney’s first lien debt to reduce the Company’s outstanding indebtedness and strengthen its financial position... Read Story

Intelsat S.A., a global satellite company, and certain of its subsidiaries commenced voluntary cases under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia (the “Bankruptcy... Read Story

Stage Stores, Inc., parent company of off-price retailer Gordmans, announced that the Company has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The... Read Story

Neiman Marcus Group LTD LLC announced that it has entered into a Restructuring Support Agreement with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments and... Read Story

J.Crew Group, Inc., an internationally recognized omni-channel retailer of women's, men's and children's apparel, announced it has reached an agreement with its lenders holding approximately 71% of its Term Loan and approximately 78% of its IPCo... Read Story

Legal experts say COVID-19 related business bankruptcy filing in the state of Delaware will likely outpace those seen during the Great Recession of 2008-2009, as the first cases begin to land in front of judges.According to a report from Delaware... Read Story

Frontier Communications Corporation announced that, together with its subsidiaries, it has entered into a Restructuring Support Agreement (“RSA”) with bondholders representing more than 75% of Frontier’s approximately $11 billion in outstanding... Read Story

Jeans retailer True Religion filed for Chapter 11 on Monday as diminishing sales and the pressure on brick and mortar retail wrought by the coronavirus took a final toll on the company.According to multiple press reports, the company's largest... Read Story

Pace Industries, LLC announced that it has reached an agreement with its senior secured lenders on the terms of a comprehensive financial restructuring plan, which will deleverage the Company's balance sheet. This agreement has support from 100% of... Read Story

otal Commercial Chapter 11 bankruptcy filings for the first calendar quarter of 2020 increased 14 percent from the same period last year, according to data provided by Epiq Systems, Inc. The 1,709 total commercial Chapter 11s from Jan. 1 through... Read Story

Internap Corporation announced definitive steps through which it expects to significantly reduce debt and extend maturities, equipping INAP to generate the cash flows needed to grow the business and reinvest in its products and customers. To support... Read Story

Total commercial Chapter 11 filings in February 2020 decreased 20 percent over the same period last year, according to data provided by Epiq Systems, Inc. The 547 commercial Chapter 11 filings in February 2020 were down from the 685 commercial... Read Story

Modell’s Sporting Goods, America’s oldest family owned and operated retailer of sporting goods, athletic footwear, active apparel and fan gear, today announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code... Read Story

Pioneer Energy Services Corp. announced that the Company and certain of its subsidiaries have reached an agreement with its key stakeholders regarding the terms of a comprehensive financial restructuring, including the elimination of its existing... Read Story

CraftWorks Holdings, LLC, which operates restaurants and breweries under leading names such as Logan's Roadhouse, Old Chicago, Rock Bottom, and Gordon Biersch, today announced an agreement that would substantially reduce the Company's debt... Read Story

Mallinckrodt plc announced that the Company and its specialty generics-focused subsidiaries Mallinckrodt LLC, SpecGx LLC and certain other affiliates (collectively, "Specialty Generics") have reached an agreement in principle on the terms of a global... Read Story

Pier 1 Imports, Inc. (“Pier 1” or the “Company”) announced that it has entered into a Plan Support Agreement (the “PSA”) with a majority of its term loan lenders and is pursuing a sale of the Company. To facilitate an orderly sale process and... Read Story

American Commercial Lines Inc. announced that it has taken the next step to implement the "pre-packaged" plan to recapitalize the business, significantly reduce the Company's debt under its previously announced Restructuring Support Agreement (the... Read Story

Total commercial Chapter 11 filings in January 2020 increased 72 percent over the same period last year, according to data provided by Epiq Systems, Inc., the American Bankruptcy Institute reported. The 630 Commercial Chapter 11 filings in January... Read Story

GenCanna Global USA, Inc. announced it has filed a petition for voluntary Chapter 11 reorganization with the U.S. Bankruptcy Court in the Eastern District of Kentucky. The filing will allow GenCanna to continue to operate its business without... Read Story

The gulf between market share gainers and donors is widening, as weaker retailers lack the means to improve positioning, often leading to bankruptcy, according to a new Fitch Ratings report."Filers were challenged by weak operating trends, an... Read Story

McDermott International, Inc., provider of technology, engineering and construction solutions to the energy industry, announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will... Read Story

McDermott International, Inc. announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the Company's funded debt, eliminating over $4.6 billion of... Read Story

The commercial Chapter 11 filing total of 5,502 during calendar year 2019 represented a 0.36 percent increase from the 5,482 commercial Chapter 11 filings in 2018, according to data provided by Epiq Systems, Inc. The 38,944 total commercial filings... Read Story

Private equity backed space firm Vector Launch announced that Lockheed Martin will purchase its GalacticSky-related assets, used for the development of tiny, high-tech satellites, for $4.25 million, after the company filed for bankruptcy on... Read Story

Celadon Group, Inc. announced that it, along with its 25 affiliate entities, have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Celadon also announced it will... Read Story

Bumble Bee Foods, one of North America’s largest branded shelf-stable seafood companies, announced that it has entered into an asset purchase agreement with affiliates of FCF Co., Ltd., which has agreed to acquire the company’s assets for... Read Story

Oil & Gas provider Approach Resources Inc. filed voluntary petitions under chapter 11 in the United States Bankruptcy Court for the Southern District of Texas. The Debtors have filed a motion to have their Chapter 11 cases jointly administered under... Read Story

SSG Capital Advisors, LLC acted as the investment banker to Centerstone Linen Services, LLC d/b/a Clarus Linen Systems in the sale of its assets and multiple operations to Crown Health Care Laundry Services, PureStar Linen Group, LLC ("PureStar")... Read Story

Dean Foods Company announced that it and substantially all of its subsidiaries have initiated voluntary Chapter 11 reorganization proceedings in the Southern District of Texas. The Company intends to use this process to protect and support its... Read Story

Commercial Chapter 11 filings decreased 7 percent to 520 filings from the 557 commercial Chapter 11 filings in October 2018, according to data provided by Epiq Systems, Inc. Overall October business filings increased 3 percent to 3,527 from last... Read Story

Murray Energy Holdings Co. announced that Murray Energy and certain of its subsidiaries entered into a Restructuring Support Agreement (the “RSA”) with an ad hoc lender group holding more than 60% of the approximately $1.7 billion in claims under the... Read Story

Bankrupt energy provider PG&E has secured up $34.4 billion in debt financing commitments from banks including JPMorgan Chase for its planned reorganization, according to press reports.According to Bloomberg, PG&E said the financing terms are "far... Read Story

Sears Holdings Corp. won court approval Monday of a Chapter 11 liquidation plan requiring suppliers that kept its shelves stocked in bankruptcy to wait for their money or take a discounted payoff, according to press reports.According to a report from... Read Story

EP Energy Corporation announced that it has voluntarily filed petitions for chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of Texas. According to media reports it is the largest oil and gas bankruptcy since 2016.EP... Read Story

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

Forever 21, Inc., announced that it and its U.S. subsidiaries have commenced voluntary chapter 11 cases in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The Company also announced that its Canadian... Read Story

Purdue Pharma L.P., maker of the drug OxyContin, announced that it has reached an agreement in principle on a framework for settling the U.S. opioid litigation facing the Company with 24 state attorneys general, analogous officials from 5 U.S.... Read Story

Fred’s Inc., a discount value retailer, has once again tapped SB360 Capital Partners as their exclusive consultant to conduct Store Closing Sales in all 81 remaining Fred’s locations. SB360 Capital Partners, one of North America’s leading asset... Read Story

PG&E Corporation and Pacific Gas and Electric Company (PG&E) filed a joint Chapter 11 Plan of Reorganization in the United States Bankruptcy Court for the Northern District of California. This Plan is another step in a multi-step process as PG&E... Read Story

President Donald J. Trump signed the “Small Business Reorganization Act of 2019” (SBRA; H.R. 3311) into law. The bipartisan legislation, which passed with the support of the American Bankruptcy Institute (ABI), passed the House in late July and the... Read Story

Emergent Capital, Inc. (EMGC) announced that Emergent and certain of its subsidiaries, including White Eagle Asset Portfolio, LP, closed a financing transaction pursuant to which it will partner with Palomino JV, LP (“Palomino”) in the ownership of... Read Story

Barneys New York, the luxury specialty retailer, announced it has secured approximately $218 million in new financing from Brigade Capital Management, LP and B. Riley Financial, Inc. to facilitate a going concern sale process.This new agreement... Read Story

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

Emergent Capital, Inc. announced that Emergent and its subsidiaries, including White Eagle Asset Portfolio, LP, entered into a binding commitment with Jade Mountain Partners in connection with the Plan of Reorganization of Emergent’s subsidiaries... Read Story

Vanguard Natural Resources, Inc. announced that it successfully completed its financial restructuring and emerged from Chapter 11 as a new limited liability company under the name of Grizzly Energy, LLC.Through its financial restructuring, the... Read Story

A year after exiting restructuring fashion retailer Charming Charlie has reportedly filed its second bankruptcy filing, with plans to close all 261 of its stores. That's according to numerous media reports, which state the company filed for Chapter... Read Story

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

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

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

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

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

Total commercial Chapter 11 filings increased 7 percent to 478 in May 2019 from the May 2018 total of 448, according to data provided by Epiq Systems, Inc. Total commercial filings increased 3 percent in May 2019, as the 3,483 filings were up from... Read Story

A company owned by former Sears Chairman Eddie Lampert's ESL Investments filed suit this week against what's left of the storied retailer alleging that the company withheld assets that should have been turned over after Lampert's company won the bid... Read Story

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

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

Total commercial Chapter 11 filings increased 11 percent to 440 in April 2019 from the April 2018 total of 395, according to data provided by Epiq Systems, Inc. Total commercial filings increased 5 percent in April 2019, as the 3,443 filings were up... Read Story

Sungard Availability Services (Sungard AS) announced that it has entered into a consensual agreement with a majority of its creditors to reduce Sungard AS’ debt by over two-thirds. This agreement creates a sustainable capital structure to support the... Read Story

Hexion Inc. announced that it has received final authorization from the U.S. Bankruptcy Court for the District of Delaware to access the full amount of its $700 million in committed debtor-in-possession (DIP) financing. The Company had previously... Read Story

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

Sears Holdings is suing its former CEO and would-be savior Eddie Lampert for allegedly offloading company real estate to finance his own purchase of Sears' assets at the expense of creditors.According to multiple media reports, the complaint named... Read Story

The following members of the American Bankruptcy Institute (ABI) were elected to leadership positions as officers and directors during ABI’s 2019 Annual Spring Meeting, held April 11-14 in Washington, D.C.: Alane A. Becket of Becket & Lee, LLP... Read Story

Total commercial Chapter 11 filings in March 2019 dropped 44 percent over the same period last year, according to data provided by Epiq Systems, Inc. The 434 total commercial Chapter 11 filings in March 2019 decreased from March 2018’s total of 774... Read Story

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

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

Wisconsin-based Shopko, which operates a chain of retail pharmacies,  announced that despite the company's best efforts, it was unable to find a buyer for its go-forward business as a going concern. As a result, the company will commence an orderly... Read Story

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

After 44 years, fast-fashion retailer Charlotte Russe is going out of business and closing all of the company’s remaining 416 store locations. A U.S. Bankruptcy Court judge in Delaware approved an order naming SB360 Capital Partners as agent for the... Read Story

Bausch Health Companies Inc. announced that the Company was selected as the successful bidder to acquire certain assets of Synergy Pharmaceuticals Inc. for a cash purchase price of approximately $195 million and the assumption of certain assumed... Read Story

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

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

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

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

Ten days after Sears Holdings Chairman Eddie Lampert was named the winning bidder for the remaining assets of the 125-year old retail giant, creditors are fighting back, accusing Lampert and his hedge fund ESL Investments of orchestrating "a... Read Story

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

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

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

Healthcare-focused private equity is on the brink of a record year, according to new data from Preqin. Capital has flowed into the sector, with healthcare-focused private equity-backed buyout deals seeing year-on-year increases in aggregate deal... Read Story

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

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

The Board of Directors of Boston Scientific Corporation approved a new global restructuring program, accoring to a regulatory filng with the SEC. The program is intended to support the Company’s effort to improve operating performance and meet... Read Story

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

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

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

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

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

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

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

New Generation Research − publisher of BankruptcyData, The Turnaround Letter and other bankruptcy/restructuring and distressed securities-related content and data platforms, released half-year rankings of professional services firms in the bankruptcy... Read Story

SB360 Capital Partners LLC (SB360), an asset realization firm, has been chosen by Heritage Home Group LLC (HHG) to assist HHG in conducting sales of the inventory from their Thomasville & Co., and Broyhill business units. Thomasville & Co. includes... Read Story

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

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

Heritage Home Group LLC announced that it and its affiliates have signed an agreement for a newly-formed entity of Authentic Brands Group and SB360 Capital Partners LLC to acquire HHG’s Broyhill and Thomasville & Co. (including Thomasville, Drexel... Read Story

The time a U.S. company spends in bankruptcy has shrunk considerably, according to a new Fitch Ratings bankruptcy case study report."The compressed timeframe is benefitting creditors, minimizing employee and trade union uncertainty, and lessening... Read Story

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

Bankruptcies remain a rare occurrence for companies in the Aerospace & Defense (A&D) and Industrial & Manufacturing (I&M) sectors, according to a new report published by Fitch Ratings.High-yield bond default rates for A&D and I&M companies averaged 1... Read Story

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

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

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

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

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

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

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

Gibson Brands Inc. announced that the U.S. Bankruptcy Court has granted, on an interim basis, the Company's first-day motions, which were designed to ensure daily operations continue normally during the Company's pre-negotiated Chapter 11... Read Story

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

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

The Bon-Ton Stores, Inc. announced that the U.S. Bankruptcy Court for the District of Delaware has approved an asset purchase agreement between the Company and a joint venture composed of the holders of the Company’s 8.0% Second Lien Secured Notes... Read Story

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

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

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

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

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

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

The J.G. Wentworth Company® announced it has successfully completed its reorganization in coordination with its lenders, pursuant to the Company’s Joint Prepackaged Chapter 11 Plan of Reorganization that was confirmed by the U.S. Bankruptcy Court for... Read Story

21st Century Oncology Holdings, Inc., the largest global provider of integrated cancer care services, announced that it has emerged from Chapter 11 under new owners, including certain funds and accounts managed by Beach Point Capital Management LP... Read Story

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

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

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

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

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

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

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

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

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

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

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

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

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

The number of business bankruptcy filings the third quarter dropped 13.6% compared to the second quarter of 2017, marking the lowest quarterly figure since the beginning of last year, according to new data released by BankruptcyData.com. The service... Read Story

Thomson Reuters released its Distressed debt & bankruptcy review for the first nine months 2017, showing double digit decreases in activity compared to the same period last year. Completed distressed debt and bankruptcy restructuring activity... Read Story

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

The Puerto Rico Electric Power Authority (PREPA) Bondholder Group announced that its members have offered a debtor in possession (DIP) financing loan to the Puerto Rico Electric Power Authority (PREPA) to help address the urgent need for repairs to... Read Story

AGI HoldCo, Inc., a multi-channel leading women's footwear brand doing business as Aerosoles, announced that it, along with certain of its subsidiaries have voluntarily filed petitions to reorganize under chapter 11 of the U.S. Bankruptcy Code in the... Read Story

Seadrill Limited has entered into a restructuring agreement with more than 97 percent of its secured bank lenders, approximately 40 percent of its bondholders and a consortium of investors led by its largest shareholder, Hemen Holding Ltd. The... Read Story

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

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

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

A.M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has emerged from its voluntary chapter 11 proceedings before the United States Bankruptcy Court for the District of Delaware commenced on June 18... Read Story

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

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

Fewer energy companies filed for bankruptcy in 2017, but the sector is still rife with opportunities for distressed/turnaround investors, according to George Putnam, III, author of The Turnaround Letter.  Putnam's newly released Mid-Year Bankruptcy... Read Story

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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