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...
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April 22, 2024, 08:00 AM
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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...
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April 19, 2024, 07:46 AM
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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...
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April 19, 2024, 07:00 AM
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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...
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April 08, 2024, 07:47 AM
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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....
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April 03, 2024, 08:00 AM
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Shoes For Crews, a global leader and pioneer in slip-resistant footwear, announced that its U.S.-based entities have filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”) to...
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April 02, 2024, 07:30 AM
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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...
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March 18, 2024, 07:57 AM
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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...
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March 05, 2024, 08:02 AM
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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...
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February 28, 2024, 07:49 AM
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B. Riley Real Estate and B. Riley Wholesale & Industrial Solutions (collectively, “B. Riley”), subsidiaries of B. Riley Financial, have been retained as advisors in connection with the Chapter 11 bankruptcy of Prize Management, LLC and Sand Ridge...
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February 26, 2024, 07:40 AM
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SSG Capital Advisors served as the investment banker to Infinity Pharmaceuticals in the sale of substantially all its assets to a healthcare investment firm. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy...
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February 16, 2024, 07:52 AM
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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...
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February 15, 2024, 07:47 AM
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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...
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February 05, 2024, 07:57 AM
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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...
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February 05, 2024, 07:38 AM
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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...
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February 05, 2024, 07:29 AM
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Celsius Network has successfully emerged from bankruptcy by completing the transactions under its confirmed plan of reorganization (the “Plan”). The Plan was overwhelmingly approved by approximately 98% of the Company’s account holders and confirmed...
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February 02, 2024, 07:50 AM
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Bankruptcy and restructuring lawyer Robert M. Hirsh joined Norton Rose Fulbright as a partner in the New York office.Hirsh focuses his practice on debtor-in-possession financing, exit financing and distressed and special situation financing. In...
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January 30, 2024, 07:25 AM
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SSG Capital Advisors (“SSG”) served as the investment banker to Sanotech 360, LLC dba EMist, in the sale of substantially all of its assets to an affiliate of Bio Surface Management Company, LLC
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January 18, 2024, 07:55 AM
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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...
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January 17, 2024, 07:30 AM
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Audacy entered into a restructuring support agreement with a supermajority of its debtholders on the terms of a comprehensive restructuring that will significantly deleverage its balance sheet and further position Audacy for long-term growth. Through...
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January 08, 2024, 08:05 AM
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SSG Capital Advisors (“SSG”) served as the investment banker to EFS Parlin Holdings (“Parlin” or the “Company”) in the sale of its Interconnection Rights to TigerGenCo (“TigerGenCo”). The sale was effectuated through a Chapter 11 Section 363 process...
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January 05, 2024, 07:50 AM
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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...
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December 29, 2023, 07:30 AM
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Bird Global, a leader in environmentally friendly electric transportation, entered into a financial restructuring process aimed at strengthening its balance sheet and better positioning the company for long-term, sustainable growth. Bird will operate...
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December 20, 2023, 07:40 AM
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SSG Capital Advisors served as the investment banker to Pegasus Home Fashions, Inc. and its affiliated entities in the sale of substantially all its assets to an affiliate of Blue Torch Capital LP. The sale was effectuated through a Chapter 11...
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December 14, 2023, 07:40 AM
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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...
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December 12, 2023, 07:54 AM
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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...
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December 11, 2023, 07:07 AM
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Output Services Group, d/b/a EverView ("OSG" or the "Company"), a leading provider of print and digital billing and payment solutions, has successfully completed its reorganization process, emerged from Chapter 11 and exited its U.K. business. All...
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December 07, 2023, 07:50 AM
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Troika Media Group, a consumer engagement and customer acquisition group, entered into a restructuring support agreement with certain funds managed by Blue Torch Finance, the Company's senior secured lenders, pursuant to which Blue Torch would...
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December 07, 2023, 07:30 AM
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Gordon Brothers facilitated Soft Surroundings’ going concern sale to Coldwater Creek through the U.S. women’s clothing and accessories retailer’s filing of Chapter 11 bankruptcy in September. Coldwater Creek, a U.S. women's apparel, accessories...
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December 06, 2023, 07:49 AM
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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...
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December 05, 2023, 07:48 AM
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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...
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December 05, 2023, 07:35 AM
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SSG Capital Advisors served as the investment banker to Soft Surroundings Holdings, in the sale of substantially all of its assets to an affiliate of Coldwater Creek and an affiliate of Gordon Brothers Group. The transaction closed in November 2023...
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November 17, 2023, 07:43 AM
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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...
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November 15, 2023, 07:02 AM
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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...
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November 07, 2023, 08:07 AM
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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...
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November 06, 2023, 07:45 AM
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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...
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October 16, 2023, 08:05 AM
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Shift Technologies, a consumer-centric omnichannel retailer for buying and selling used cars, announced that it and its subsidiaries (collectively, “the Company”) intend to file a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy...
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October 09, 2023, 08:00 AM
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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...
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October 04, 2023, 07:55 AM
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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...
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September 25, 2023, 08:00 AM
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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...
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September 08, 2023, 08:00 AM
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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....
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September 06, 2023, 08:04 AM
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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...
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September 01, 2023, 07:00 AM
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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...
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August 31, 2023, 07:55 AM
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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...
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August 28, 2023, 08:02 AM
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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...
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August 28, 2023, 07:48 AM
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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...
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August 15, 2023, 07:45 AM
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Instant Brands (the "Company"), maker of consumer favorites like Instant Pot®, Corelle®, Pyrex®, Snapware®, CorningWare®, Visions® and Chicago Cutlery®, received a commitment for an additional $30 million in new term loan financing from its existing...
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August 11, 2023, 07:20 AM
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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...
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August 10, 2023, 07:52 AM
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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...
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August 07, 2023, 08:07 AM
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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...
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August 03, 2023, 08:00 AM
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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...
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July 24, 2023, 07:58 AM
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ViewRay announced that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of Title 11 the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware. The Company...
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July 17, 2023, 07:55 AM
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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...
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July 10, 2023, 07:50 AM
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The 2,973 total commercial Chapter 11 bankruptcies filed during the first six months of 2023 represented a 68 percent increase over the 1,766 filed during the same period in 2022, according to data provided by Epiq Bankruptcy.Overall commercial...
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July 05, 2023, 08:18 AM
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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...
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July 05, 2023, 07:38 AM
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Peer Street and its affiliated companies (“PeerStreet”) announced that on Monday, June 26, 2023, they filed for protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware....
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July 03, 2023, 08:03 AM
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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...
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June 20, 2023, 07:42 AM
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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...
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June 16, 2023, 08:00 AM
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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...
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June 15, 2023, 07:59 AM
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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...
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June 13, 2023, 07:59 AM
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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...
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June 05, 2023, 08:00 AM
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MidCap Financial provided a $325 million senior revolving credit facility to Revlon Intermediate Holdings IV LLC. in connection with Revlon’s successful emergence from Chapter 11. The MidCap Financial credit facility is part of a successful in-court...
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May 17, 2023, 08:00 AM
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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...
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May 16, 2023, 08:00 AM
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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...
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May 15, 2023, 07:59 AM
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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...
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May 03, 2023, 08:00 AM
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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...
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May 03, 2023, 07:58 AM
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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...
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May 03, 2023, 07:50 AM
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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...
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April 24, 2023, 08:00 AM
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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...
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April 17, 2023, 08:05 AM
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National CineMedia, the largest cinema advertising network in the U.S., announced a series of debt restructuring transactions that are expected to meaningfully strengthen the Company’s balance sheet and position the Company for long-term growth....
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April 13, 2023, 07:51 AM
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SSG Capital Advisors acted as the investment banker to Nova Wildcat Shur-Line Holdings, Inc. and subsidiaries, d/b/a H2 Brands Group (“H2B”) in the sale of substantially all assets to a joint venture between Gordon Brothers Commercial & Industrial...
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April 07, 2023, 07:47 AM
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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...
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April 05, 2023, 07:53 AM
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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...
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April 04, 2023, 07:56 AM
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SVB Financial Group filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to preserve value.SVB Securities and SVB Capital's funds and general...
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March 20, 2023, 08:00 AM
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A&G Real Estate Partners will be auctioning over 250 leases nationwide as part of a first round of store closures from Tuesday Morning Corp. in connection with the off-price home goods and décor retailer’s voluntary Chapter 11 reorganization. In...
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March 10, 2023, 07:21 AM
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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...
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March 03, 2023, 07:58 AM
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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...
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February 15, 2023, 07:57 AM
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Tuesday Morning Corp., a leading off-price retailer of home goods and décor, announced that it is pursuing a financial and operational reorganization to enable the Company to reduce its outstanding liabilities, obtain significant and necessary...
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February 15, 2023, 07:50 AM
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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...
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February 06, 2023, 07:45 AM
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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...
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January 24, 2023, 08:00 AM
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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.
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January 18, 2023, 07:59 AM
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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...
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January 06, 2023, 07:48 AM
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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...
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December 12, 2022, 08:00 AM
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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...
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December 06, 2022, 08:00 AM
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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...
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November 29, 2022, 08:01 AM
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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...
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November 04, 2022, 07:54 AM
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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...
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October 06, 2022, 08:01 AM
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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...
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September 02, 2022, 07:57 AM
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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...
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August 04, 2022, 07:30 AM
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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...
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July 22, 2022, 07:35 AM
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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...
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July 07, 2022, 07:20 AM
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Revlon today announced it and certain of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.The Chapter 11 filing will allow Revlon to strategically...
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June 16, 2022, 08:08 AM
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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.
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June 13, 2022, 07:55 AM
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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...
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June 06, 2022, 07:35 AM
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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...
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May 09, 2022, 08:00 AM
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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...
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May 05, 2022, 07:24 AM
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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...
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April 13, 2022, 07:30 AM
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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...
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April 06, 2022, 07:45 AM
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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...
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March 21, 2022, 07:26 AM
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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...
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March 08, 2022, 07:45 AM
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Seadrill Limited announced that it anticipates emerging from the Chapter 11 process in February 2022, likely prior to the end of the present week. As previously announced, Seadrill's Chapter 11 plan of reorganization (the “Plan”) was confirmed by the...
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February 22, 2022, 07:05 AM
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A&G Real Estate Partners’ portfolio optimization of gift and stationery retailer Paper Source earned it a share of the “Distressed M&A Deal of the Year-Middle Markets” award at Global M&A Network’s 13th Annual Turnaround Atlas Awards Ceremony. The...
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February 10, 2022, 06:00 AM
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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...
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February 07, 2022, 07:42 AM
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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...
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January 06, 2022, 07:58 AM
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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...
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December 08, 2021, 07:40 AM
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Epiq released its November 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Overall, November new filings were down with 29,325 across all chapters, down 5.6 percent from October 2021 which had 31,053 new...
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December 06, 2021, 07:38 AM
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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...
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November 03, 2021, 07:30 AM
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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...
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November 01, 2021, 07:50 AM
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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...
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October 27, 2021, 07:42 AM
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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...
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October 08, 2021, 07:52 AM
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For its work on the Chapter 11 bankruptcy restructuring of off-price home goods retailer Tuesday Morning, A&G Real Estate Partners was among the winners of the Turnaround Management Association’s 2021 Turnaround/Transaction of the Year Awards. The...
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September 22, 2021, 07:37 AM
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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....
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September 08, 2021, 07:23 AM
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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...
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September 02, 2021, 07:05 AM
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The COVID-19 pandemic set off an increase in corporate bankruptcy filings not seen since the financial crisis, according to a report released today by Cornerstone Research. The report, Trends in Large Corporate Bankruptcy and Financial...
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August 26, 2021, 07:37 AM
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SSG Advisors acted as the investment banker to Avadim Health, Inc., in the sale of substantially all of its assets to an affiliate of Hayfin Capital Management. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy...
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August 20, 2021, 07:38 AM
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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...
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August 18, 2021, 07:39 AM
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Solstice Sunglasses, the second-largest sunglass retailer in the United States, announced it has successfully emerged from Chapter 11 with the support of a $6.5 million exit financing facility provided by Second Avenue Capital Partners ("SACP")....
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August 05, 2021, 08:00 AM
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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...
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August 04, 2021, 07:46 AM
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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....
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August 02, 2021, 07:38 AM
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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...
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July 22, 2021, 07:52 AM
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B. Riley Advisory Services, a subsidiary of B. Riley Financial Inc, has been retained as restructuring advisor for Limetree Bay Refining, LLC.Limetree Bay Refining, LLC and several of its affiliates (collectively, “Limetree Bay” or the “Company”) has...
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July 15, 2021, 08:00 AM
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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...
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July 08, 2021, 07:00 AM
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Hertz Global Holdings announced the composition of its new Board of Directors whose term is effective with the Company's successful completion of its restructuring and emergence from Chapter 11. The new Board will initially include eight members with...
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July 01, 2021, 07:25 AM
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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....
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June 14, 2021, 07:38 AM
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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...
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June 11, 2021, 08:00 AM
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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...
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June 07, 2021, 07:14 AM
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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...
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May 13, 2021, 08:00 AM
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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...
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May 07, 2021, 08:06 AM
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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...
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May 05, 2021, 07:12 AM
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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...
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May 05, 2021, 07:09 AM
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Fresh Acquisitions which operates Furr’s Fresh Buffet©, and several of its affiliates including Buffets LLC and its subsidiaries, which operate Ryan’s©, Old Country Buffet©, Tahoe Joes Famous Steakhouse©, and Hometown Buffet©, filed for Chapter 11...
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April 22, 2021, 07:09 AM
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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...
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April 16, 2021, 06:00 AM
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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...
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April 07, 2021, 07:30 AM
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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...
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April 05, 2021, 08:00 AM
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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...
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March 30, 2021, 07:35 AM
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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...
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March 26, 2021, 08:05 AM
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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....
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March 15, 2021, 06:11 AM
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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...
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March 03, 2021, 08:04 AM
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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...
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March 03, 2021, 07:30 AM
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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...
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February 08, 2021, 06:00 AM
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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...
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February 05, 2021, 08:30 AM
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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...
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February 01, 2021, 07:42 AM
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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...
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January 15, 2021, 08:15 AM
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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...
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January 13, 2021, 08:12 AM
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Epiq released its December 2020 and full-year bankruptcy filing statistics from its AACER bankruptcy information services business. 2020 had the lowest number in bankruptcy filings since 1986 with a total of 529,068 filings across all chapters.For...
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January 06, 2021, 08:29 AM
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Tuesday Morning and certain of its subsidiaries announced that it has successfully completed its financial and operational reorganization and emerged from Chapter 11.Tuesday Morning is supported by a $110 million asset-backed lending facility...
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January 05, 2021, 08:21 AM
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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...
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December 29, 2020, 07:00 AM
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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...
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December 24, 2020, 08:15 AM
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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...
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December 18, 2020, 07:40 AM
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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...
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December 09, 2020, 08:12 AM
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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...
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December 07, 2020, 08:55 AM
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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...
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November 16, 2020, 10:00 AM
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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...
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November 13, 2020, 08:30 AM
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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...
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November 10, 2020, 08:00 AM
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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...
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November 05, 2020, 08:06 AM
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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....
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November 04, 2020, 09:02 AM
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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...
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October 19, 2020, 08:00 AM
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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...
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October 12, 2020, 08:50 AM
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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...
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September 29, 2020, 08:30 AM
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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...
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September 29, 2020, 06:00 AM
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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...
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August 17, 2020, 08:00 AM
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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...
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August 06, 2020, 09:15 AM
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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...
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July 06, 2020, 09:00 AM
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CEC Entertainment, Inc., a nationally recognized leader in family entertainment and dining, announced that, in order to overcome the financial strain resulting from prolonged, COVID-19 related venue closures and position the Company for long-term...
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June 26, 2020, 07:15 AM
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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...
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June 08, 2020, 09:30 AM
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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...
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June 04, 2020, 09:15 AM
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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...
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May 13, 2020, 09:10 AM
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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...
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May 08, 2020, 09:10 AM
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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...
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April 17, 2020, 09:05 AM
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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...
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April 07, 2020, 08:55 AM
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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...
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March 17, 2020, 09:15 AM
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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...
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February 18, 2020, 09:03 AM
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Bloomberg reported the Boy Scouts of America (BSA) is seeking bankruptcy. According to the report, the BSA filed in Delaware early Tuesday under Chapter 11 of the U.S. bankruptcy code. Court papers listed liabilities of up to $1 billion and assets as...
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February 18, 2020, 08:55 AM
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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...
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February 06, 2020, 09:10 AM
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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...
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January 21, 2020, 09:05 AM
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Destination Maternity Corporation, the premier national retailer for maternity apparel and accessories, today announced that it and certain of its subsidiaries have filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code...
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October 23, 2019, 09:00 AM
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DURA Automotive Systems, LLC, a leading global automotive supplier specializing in the design, engineering, and manufacturing of automotive mobility products, including parts and systems to support the industry’s shift to electric vehicles, announced...
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October 21, 2019, 08:12 AM
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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...
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October 04, 2019, 09:00 AM
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Teen retailer Forever 21 is preparing for a potential bankruptcy filing as it works to negotiate with lenders, according to reports from multiple media outlets.According to one report, based on sources who spoke to Bloomberg News, the company has...
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August 29, 2019, 09:00 AM
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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...
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July 10, 2019, 08:55 AM
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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...
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May 13, 2019, 09:15 AM
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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...
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April 02, 2019, 09:00 AM
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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...
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April 02, 2019, 08:45 AM
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SSG Capital Advisors, LLC (SSG) acted as the investment banker to Republic Metals Corporation and its affiliates (RMC) in the sale of substantially all of their assets to Asahi Holdings, Inc. (Asahi). The sale was effectuated through a Chapter 11...
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March 28, 2019, 09:00 AM
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Z Gallerie, LLC, a retailer of home décor products, announced that it has filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. In conjunction with...
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March 13, 2019, 08:02 AM
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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...
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March 13, 2019, 07:12 AM
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CTI Foods, a leading custom foodservice manufacturer supplying the top U.S. restaurant chains and branded food companies, announced that it has reached an agreement with the majority of its lenders on a comprehensive balance sheet restructuring that...
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March 11, 2019, 08:19 AM
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Facing nearly 2,000 lawsuits for its alleged role in facilitating America’s overdose crisis, Purdue Pharma – maker of the narcotic painkiller OxyContin – is reportedly considering filing for Chapter 11 bankruptcy, according to sources cited by...
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March 06, 2019, 08:23 AM
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Boutique denim company Diesel Jeans has filed for Chapter 11 bankruptcy protection, wavering under the strain of some $7.4 million in unsecured trade obligations, according to First Day Motions filed in bankruptcy court in Delaware. From its ...
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March 06, 2019, 08:07 AM
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Taking issue with a judge's ruling against the company in a dispute with bondholders, a defiant Windstream Holdings, Inc. announced that it and all of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S....
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February 26, 2019, 08:28 AM
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Toys"R"Us® has officially emerged as a new company, with new leadership and a new vision to deliver the magic of its iconic brands around the world.
Effective January 20, 2019, the new company, Tru Kids Inc. doing business as Tru Kids BrandsTM...
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February 12, 2019, 08:01 AM
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New England Motor Freight, Inc. announced that the Company and ten related entities have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark on February 11, 2019....
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February 12, 2019, 07:27 AM
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Editor's Note: On Friday, February 8, 2019, ABL Advisor inaccurately reported the restructuring facility amount provided by Citizens Bank. The correct amount is $105 million. We apologize for this error.
FULLBEAUTY Brands Holdings Corp. announced...
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February 11, 2019, 07:13 AM
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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...
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February 07, 2019, 08:00 AM
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PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California.
Throughout...
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January 30, 2019, 09:20 AM
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SSG Capital Advisors, LLC (SSG) acted as the investment banker to Francis' Drilling Fluids, Ltd., d/b/a FDF Energy Services in the sale of substantially all of its assets to an affiliate of Prophet Equity (Prophet). The sale was effectuated through a...
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January 29, 2019, 07:20 AM
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PG&E Corp., which is slated to file Chapter 11 on Jan. 29, announced that it entered into a commitment letter for debtor-in-possession financing with JPMorgan Chase Bank, N.A, Bank of America, N.A., Barclays Bank PLC and Citigroup Global Markets Inc....
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January 23, 2019, 07:33 AM
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In what commentators are saying would be one of the biggest Chapter 11 filings in U.S. history, energy giant Pacific Gas & Electric (PG&E) announced its intent to file petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on or about...
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January 16, 2019, 08:00 AM
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Kentucky-based Innovative Mattress Solutions (IMS), parent company of Sleep Outfitters, Mattress Warehouse, and Mattress King, commenced voluntarily restructuring under Chapter 11, citing "a transformative stage" in the company's 35-year...
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January 14, 2019, 07:38 AM
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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...
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January 09, 2019, 07:10 AM
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Rite Aid Corporation announced that it has entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million “first-in, last out” senior secured term loan facility...
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December 21, 2018, 09:03 AM
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The Wall Street Journal reported that retailer Gymboree Group Inc. is shopping for a bankruptcy loan as it prepares for a second Chapter 11 filing in less than two years, according to people familiar with the situation.According to the WSJ report...
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December 20, 2018, 08:08 AM
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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...
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December 20, 2018, 08:05 AM
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Synergy Pharmaceuticals Inc., a biopharmaceutical company focused on the development and commercialization of novel gastrointestinal (GI) therapies, announced an agreement with Bausch Health Companies Inc., through which Bausch Health would acquire...
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December 12, 2018, 07:06 AM
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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...
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December 06, 2018, 08:00 AM
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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...
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December 05, 2018, 07:11 AM
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LBI Media, Inc. announced it is pursuing a financial restructuring in order to implement an agreement with 100% of the Company’s senior lenders to reduce LBI’s debt by more than $350 million. LBI has also received a commitment for a new $38 million...
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November 26, 2018, 07:00 AM
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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...
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November 06, 2018, 08:00 AM
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The rise of hospitals filing for Chapter 11 bankruptcy has shaped the U.S. economic distress in the third quarter of 2018, which is detailed in the latest Polsinelli-TrBK Distress Indices Report.
The report shows how health care has decoupled from...
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November 01, 2018, 08:00 AM
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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...
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October 15, 2018, 07:15 AM
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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...
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October 08, 2018, 08:01 AM
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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...
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October 04, 2018, 07:10 AM
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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...
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September 10, 2018, 08:01 AM
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SSG Capital Advisors, LLC ("SSG") acted as the investment banker to A'GACI, LLC in the placement of exit financing and restructuring pursuant to a Chapter 11 Plan of Reorganization (the "Plan") in the U.S. Bankruptcy Court for the Western District of...
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August 15, 2018, 08:16 AM
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Polsinelli released the Polsinelli-TrBk Distress Indices for the second quarter of 2018, which slowed slowing distress in the U.S. economy. For the first time in three quarters, the Polsinelli-TrBK Distress Indices has recorded signs of slowing...
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August 15, 2018, 08:12 AM
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National Stores, Inc., a 344 store chain in twenty-two states and Puerto Rico, announced today that it has initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. The Company filed voluntary...
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August 07, 2018, 07:48 AM
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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...
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August 07, 2018, 07:06 AM
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Heritage Home Group LLC announced that it, its parent company HH Global II BV, and its related U.S. affiliates have filed petitions with the U.S. Bankruptcy Court for the District of Delaware in Wilmington to commence a restructuring process that...
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July 31, 2018, 08:00 AM
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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...
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July 27, 2018, 07:10 AM
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The NORDAM Group, Inc., together with its domestic subsidiaries and affiliates, announced it has filed a voluntary petition for protection under Chapter 11 reorganization. NORDAM’s foreign subsidiaries and affiliates have not filed for Chapter 11...
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July 24, 2018, 08:00 AM
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Cloud storage provider Tintri, Inc. announced that it filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Tintri will continue to operate its...
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July 12, 2018, 07:14 AM
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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...
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July 06, 2018, 07:15 AM
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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...
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June 08, 2018, 07:09 AM
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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...
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May 07, 2018, 07:29 AM
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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...
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May 02, 2018, 07:50 AM
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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...
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April 24, 2018, 07:12 AM
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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...
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April 16, 2018, 07:31 AM
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Nine West Holdings, Inc., a leading footwear, accessories, women's apparel, and jeanswear company with a portfolio of brands that includes Nine West, Anne Klein, and Gloria Vanderbilt, today announced that it has filed voluntary petitions for...
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April 09, 2018, 08:01 AM
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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...
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April 06, 2018, 07:39 AM
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Remington Outdoor Company, a manufacturer of small arms, has filed for Chapter 11 protection from its creditors in U.S. Bankruptcy Court in Delaware. The company listed assets of $100-500 million and liabilities of $100-500 million.
Remington did...
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March 26, 2018, 08:00 AM
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Following an 11th hour effort to save the troubled film production firm from bankruptcy, Weinstein Co. announced that it filed for Chapter 11 protection.
The company filed for bankruptcy in a Delaware court, listing $500 million to $1 billion in...
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March 20, 2018, 07:38 AM
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iHeartMedia, Inc. announced that it has reached an agreement in principle with holders of more than $10 billion of its outstanding debt and its financial sponsors. The agreement reflects widespread support across the capital structure for a...
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March 16, 2018, 07:38 AM
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Southeastern Grocers, the parent company of Winn Dixie, Bi-Lo, Fresco y Más and Harveys Supermarket, has filed a court-supervised, prepackaged restructuring agreement to reduce its debt by more than $500 million.
"We have not taken these steps...
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March 16, 2018, 07:09 AM
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EV Energy Partners, L.P. and its subsidiaries announced that the company entered into a restructuring support agreement (RSA) with certain holders of approximately 70% of its 80% senior notes due 2019 and lenders holding approximately 94% of the...
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March 14, 2018, 07:33 AM
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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...
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March 12, 2018, 08:00 AM
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Orexigen Therapeutics, Inc., a biopharmaceutical company focused on the treatment of obesity, announced that it has elected to file a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware...
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March 12, 2018, 07:51 AM
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iHeartCommunications, Inc., an indirect subsidiary of iHeartMedia, Inc. was given a temporary reprieve from its lenders, delaying an expected bankruptcy filing from the troubled communications firm. The company entered into a Forbearance Agreement...
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March 06, 2018, 08:00 AM
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Tops Markets, LLC announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company’s balance sheet and position Tops for long-term success.Tops stores across the Company’s portfolio in...
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February 23, 2018, 07:10 AM
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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...
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February 05, 2018, 07:30 AM
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EXCO Resources, Inc., an oil and natural gas exploration firm, announced that in order to facilitate a restructuring of its balance sheet, the company and certain of its subsidiaries have filed voluntary petitions for a court-supervised...
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January 16, 2018, 07:28 AM
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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...
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January 08, 2018, 07:27 AM
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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...
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December 13, 2017, 07:41 AM
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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...
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December 06, 2017, 07:19 AM
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The Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries announced that it has commenced a process to implement a debt recapitalization intended to restructure its approximately $750 million in debt. To facilitate this...
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December 04, 2017, 07:43 AM
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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...
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November 06, 2017, 07:19 AM
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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)...
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October 24, 2017, 07:13 AM
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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...
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October 04, 2017, 07:25 AM
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Bankrupt shipping firm GulfMark Offshore, Inc. and GulfMark Rederi AS, a wholly-owned subsidiary of the company, entered into a commitment letter with DNB Markets, Inc., DNB Capital LLC and Hayfin DLF II Luxco 2 S.à.r.l. regarding the terms of the...
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October 04, 2017, 07:16 AM
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Paper maker Appvion, Inc. announced that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to facilitate a balance...
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October 02, 2017, 07:17 AM
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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...
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September 11, 2017, 07:51 AM
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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...
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September 08, 2017, 07:25 AM
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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...
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August 28, 2017, 08:43 AM
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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...
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July 18, 2017, 07:38 AM
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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...
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July 14, 2017, 08:01 AM
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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...
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July 07, 2017, 07:10 AM
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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...
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June 14, 2017, 07:59 AM
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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...
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June 14, 2017, 07:13 AM
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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...
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June 12, 2017, 07:15 AM
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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...
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June 08, 2017, 07:10 AM
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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...
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June 07, 2017, 07:19 AM
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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....
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June 07, 2017, 07:17 AM
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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...
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May 23, 2017, 07:26 AM
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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...
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May 22, 2017, 07:30 AM
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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...
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May 18, 2017, 07:17 AM
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Marsh Supermarkets, LLC, announced that it has filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware, a step the Company has taken to enable its business operations to continue normally as it seeks a buyer for...
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May 12, 2017, 08:18 AM
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Ravinia Capital, a boutique investment banking firm that addresses the financial and structural needs of distressed companies, said well-known restructuring specialist Richard Bendix has joined the company as a Managing Director, effective...
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May 11, 2017, 07:24 AM
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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...
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May 05, 2017, 07:20 AM
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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...
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April 17, 2017, 07:11 AM
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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...
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April 10, 2017, 07:20 AM
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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...
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April 05, 2017, 07:14 AM
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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...
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March 31, 2017, 07:13 AM
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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...
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March 23, 2017, 07:18 AM
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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...
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March 20, 2017, 07:11 AM
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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...
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January 20, 2017, 08:05 AM
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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...
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January 18, 2017, 08:00 AM
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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...
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January 16, 2017, 07:48 AM
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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...
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January 09, 2017, 07:45 AM
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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...
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January 06, 2017, 07:42 AM
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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...
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January 06, 2017, 07:25 AM
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Peabody Energy today announced that as of 5:00 p.m., New York City time, on Dec. 30, 2016, additional eligible holders of approximately 16.6 percent of the outstanding principal amount of the company's senior secured second lien notes and...
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January 03, 2017, 08:00 AM
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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...
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December 21, 2016, 07:00 AM
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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...
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December 12, 2016, 07:57 AM
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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...
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December 02, 2016, 07:23 AM
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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...
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November 28, 2016, 08:00 AM
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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...
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November 14, 2016, 07:38 AM
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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...
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November 11, 2016, 07:04 AM
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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...
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November 10, 2016, 07:48 AM
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Stanley W. Mastil, CFF, CPA, has been promoted to Senior Director, Bankruptcy & Fiduciary Services at Gavin/Solmonese. Mastil has more than 20 years of experience advising on bankruptcy matters including Chapter 11 reorganizations, Chapters 7 and 11...
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November 09, 2016, 07:32 AM
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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...
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November 04, 2016, 07:48 AM
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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....
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November 04, 2016, 07:36 AM
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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...
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October 28, 2016, 07:44 AM
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As part of its continuing leadership transition plan, Otterbourg P.C. has named Daniel Fiorillo head of the firm’s restructuring practice group as of January 1, 2017. Jonathan Helfat, who successfully led the group for more than 25 years, will be...
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October 27, 2016, 07:40 AM
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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...
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October 14, 2016, 07:24 AM
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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...
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October 06, 2016, 07:06 AM
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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...
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October 04, 2016, 06:51 AM
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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...
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September 29, 2016, 07:23 AM
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Miller Buckfire, a leading investment bank specializing in corporate restructuring and recapitalization,announced that Richard Klein has joined as Managing Director in New York.Klein brings over twenty years of experience to Miller Buckfire. Most...
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September 26, 2016, 08:16 AM
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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...
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September 14, 2016, 07:12 AM
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Golden Gate Capital and Pacific Sunwear of California, Inc. and all of its subsidiaries announced today that Golden Gate Capital has completed its acquisition of PacSun, which concluded its restructuring after completing all required actions and...
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September 08, 2016, 07:33 AM
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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...
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August 26, 2016, 07:06 AM
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JND Legal Administration, a management and administration company delivering service lines in class action, mass tort, corporate restructuring, government services and eDiscovery, today announced that Michael J. Hill is joining JND Corporate...
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August 24, 2016, 07:18 AM
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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...
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August 11, 2016, 07:44 AM
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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...
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August 08, 2016, 07:57 AM
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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...
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August 02, 2016, 07:58 AM
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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...
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July 07, 2016, 07:52 AM
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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...
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June 24, 2016, 07:27 AM
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International law firm Dorsey & Whitney LLP announced that Janet M. Weiss has joined the Firm’s Finance & Restructuring Group in New York as a Partner. Weiss has extensive experience in all aspects of corporate reorganization and debt restructuring...
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June 14, 2016, 07:43 AM
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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...
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June 13, 2016, 11:49 AM
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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...
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June 06, 2016, 07:44 AM
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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...
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June 03, 2016, 07:43 AM
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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...
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May 31, 2016, 08:11 AM
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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...
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May 25, 2016, 07:44 AM
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Breitburn Energy Partners LP announced that it and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York...
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May 16, 2016, 07:39 AM
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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...
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May 16, 2016, 07:26 AM
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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...
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May 13, 2016, 07:46 AM
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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...
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May 12, 2016, 07:40 AM
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Magnum Hunter Resources Corporation and certain of its wholly-owned subsidiaries announced that its Chapter 11 plan of reorganization, which was confirmed by the United States Bankruptcy Court for the District of Delaware on April 18, 2016, has gone...
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May 10, 2016, 07:16 AM
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Aéropostale, Inc. took the next steps in its ongoing business transformation by filing voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company expects...
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May 04, 2016, 08:06 AM
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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...
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May 03, 2016, 07:54 AM
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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...
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May 02, 2016, 08:20 AM
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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...
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May 02, 2016, 07:38 AM
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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...
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April 28, 2016, 07:11 AM
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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...
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April 27, 2016, 07:33 AM
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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...
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April 22, 2016, 08:14 AM
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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...
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April 21, 2016, 07:38 AM
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As part of its ongoing strategic review process, Vestis Retail Group, LLC ("Vestis" or "the Company"), the parent company of Eastern Mountain Sports ("EMS"), Bob's Stores ("Bob's") and Sport Chalet, announced a series of steps that will collectively...
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April 18, 2016, 08:03 AM
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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...
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April 18, 2016, 07:28 AM
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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....
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April 15, 2016, 07:38 AM
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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...
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April 13, 2016, 08:02 AM
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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...
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April 04, 2016, 07:23 AM
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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...
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April 01, 2016, 07:33 AM
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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...
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March 28, 2016, 07:35 AM
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GT Advanced Technologies Inc. announced that it has emerged from Chapter 11 as a newly reorganized company. GT Advanced Technologies Inc. and its affiliated debtors (“GTAT”) have emerged with a solid balance sheet and renewed strategy focused on...
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March 21, 2016, 08:03 AM
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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...
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March 15, 2016, 07:38 AM
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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...
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March 14, 2016, 07:39 AM
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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...
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March 10, 2016, 07:25 AM
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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...
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March 09, 2016, 07:22 AM
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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...
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March 08, 2016, 08:09 AM
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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...
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March 07, 2016, 08:04 AM
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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...
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March 07, 2016, 07:33 AM
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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...
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February 05, 2016, 07:51 AM
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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...
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February 03, 2016, 07:40 AM
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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")...
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February 01, 2016, 07:55 AM
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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...
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January 28, 2016, 07:48 AM
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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...
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January 14, 2016, 07:23 AM
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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...
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January 12, 2016, 08:06 AM
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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...
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January 08, 2016, 07:11 AM
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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...
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January 04, 2016, 07:21 AM
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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....
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December 28, 2015, 07:40 AM
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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...
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December 17, 2015, 07:20 AM
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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...
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December 04, 2015, 07:38 AM
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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...
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November 30, 2015, 07:26 AM
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The Pittsburgh Post-Gazette reported that about a month after Magnum Hunter Resources Corp. said it had hired advisers to help boost the struggling company’s financial position, the oil and gas producer warned that it may be heading toward bankruptcy...
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November 13, 2015, 07:28 AM
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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...
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November 12, 2015, 07:10 AM
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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...
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November 09, 2015, 07:08 AM
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After five issuer defaults already this month accounting for nearly $2 billion in new volume, Fitch Ratings now expects the US high-yield default rate to end 2015 at around 3.5% -- above the 2.9% trailing 12- month (TTM) rate through September. This...
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October 12, 2015, 07:23 AM
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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...
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October 08, 2015, 07:39 AM
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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...
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October 05, 2015, 08:03 AM
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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....
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September 10, 2015, 07:31 AM
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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...
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September 03, 2015, 08:00 AM
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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...
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August 14, 2015, 07:25 AM
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Filmed Entertainment Inc. announced that the Company has filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code to pursue an orderly sale of its Columbia House DVD Club business, a direct-to-customer distributor of movies and...
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August 11, 2015, 08:08 AM
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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...
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August 04, 2015, 08:07 AM
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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...
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August 04, 2015, 07:45 AM
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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...
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July 31, 2015, 07:37 AM
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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...
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July 30, 2015, 07:49 AM
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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...
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July 29, 2015, 07:41 AM
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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...
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June 29, 2015, 07:13 AM
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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...
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June 25, 2015, 07:05 AM
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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...
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June 23, 2015, 08:00 AM
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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...
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June 16, 2015, 07:49 AM
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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...
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June 15, 2015, 07:46 AM
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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...
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June 03, 2015, 07:56 AM
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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...
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June 03, 2015, 07:49 AM
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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...
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May 26, 2015, 07:49 AM
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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...
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May 13, 2015, 07:33 AM
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Exide Technologies, a global leader in stored electrical-energy solutions, announced that its Plan of Reorganization became effective today and that the company has emerged from Chapter 11 as a newly reorganized company. As previously announced, the...
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May 01, 2015, 07:56 AM
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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...
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April 20, 2015, 07:29 AM
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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...
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March 17, 2015, 07:00 AM
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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...
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March 13, 2015, 07:55 AM
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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...
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March 13, 2015, 07:47 AM
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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...
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March 12, 2015, 08:07 AM
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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"...
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March 10, 2015, 07:39 AM
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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...
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March 09, 2015, 07:51 AM
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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...
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March 04, 2015, 08:06 AM
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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...
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February 18, 2015, 07:27 AM
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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...
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February 13, 2015, 07:42 AM
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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...
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January 14, 2015, 07:14 AM
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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...
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January 08, 2015, 07:10 AM
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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...
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January 07, 2015, 07:38 AM
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Salus Capital Partners, LLC announced it has provided a $20 million debtor-in-possession (DIP) facility to dELiA*s, Inc. dELiA*s, Inc. is an omni-channel retail company primarily marketing to teenage girls. The financing will be used by the company...
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December 10, 2014, 07:48 AM
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The looming maturity of large numbers of commercial mortgage-backed securities (CMBS) is a signal to borrowers and professionals involved in commercial loans to be prepared for a potential crisis, according to the November edition of the ABI Journal....
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November 24, 2014, 07:36 AM
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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...
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October 14, 2014, 08:04 AM
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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...
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October 07, 2014, 07:08 AM
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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...
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September 25, 2014, 07:34 AM
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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...
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September 02, 2014, 08:01 AM
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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...
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August 11, 2014, 07:45 AM
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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...
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July 21, 2014, 08:04 AM
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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...
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July 17, 2014, 07:35 AM
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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....
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July 17, 2014, 07:13 AM
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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....
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July 14, 2014, 07:13 AM
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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...
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June 13, 2014, 07:09 AM
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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...
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June 10, 2014, 07:14 AM
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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...
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May 12, 2014, 07:31 AM
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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...
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May 01, 2014, 06:56 AM
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Genco Shipping & Trading Limited ("Genco" or the "Company") announced that – consistent with its previously disclosed Restructuring Support Agreement with certain of the lenders under its $1.1 billion secured credit facility entered into in 2007 (the...
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April 22, 2014, 07:19 AM
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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...
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April 21, 2014, 06:26 AM
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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...
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April 14, 2014, 07:42 AM
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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...
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April 11, 2014, 07:54 AM
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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...
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April 04, 2014, 07:29 AM
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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...
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April 02, 2014, 07:03 AM
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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...
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March 28, 2014, 07:09 AM
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M*Modal, a leading provider of cloud-based clinical documentation and Speech Understanding solutions, announced it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the...
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March 20, 2014, 07:17 AM
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Quiznos announced that its senior lenders have voted overwhelmingly in favor of a "pre-packaged" restructuring plan that will reduce the company's debt by more than $400 million. The plan is intended to increase the company's flexibility as it...
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March 17, 2014, 07:39 AM
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Classic Party Rentals (“Classic”), a leading event rental and services provider, announced that it is in the final stages of completing an agreement through which substantially all of the Company’s business of Event Rentals, Inc. and its subsidiaries...
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February 14, 2014, 07:33 AM
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Xtreme Power, a leader in integrated power management systems and energy storage solutions, won bankruptcy court approval on February 7 to eliminate a February deadline for bids and instituted a straight auction process in March. Horizon Technology...
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February 11, 2014, 07:36 AM
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Corporate bankruptcy activity has declined to an unprecedented and record-breaking low--despite pundit predictions. BankruptcyData.com’s research reveals that current corporate bankruptcy activity, or unprecedented lack thereof, just up-ended...
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February 07, 2014, 07:46 AM
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PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of a $115 million senior secured financing facility for Gatehouse Media, LLC. Based in Fairport, N.Y., the company will use the funds to restructure existing...
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December 18, 2013, 08:06 AM
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Global Aviation Holdings, Inc., the largest commercial provider of charter air services to the U.S. military and a major provider of worldwide commercial global passenger and cargo air transportation services, today announced that the Company and its...
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November 12, 2013, 07:29 AM
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A bankruptcy judge cleared creditors of Michigan honey supplier Groeb Farms Inc. to vote on the company's restructuring plan, which would see it emerge from Chapter 11 protection under the ownership of a private equity firm.At a court hearing Friday...
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November 12, 2013, 07:17 AM
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Ahern Rentals, Inc. announced the company’s final emergence from Chapter 11 bankruptcy case. Ahern sought Chapter 11 protection on December 22, 2011, after it was unable to extend the maturity of its revolving credit facility. During the case, the...
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June 25, 2013, 07:28 AM
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Total bankruptcy filings in the United States decreased 12 percent in May over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 96,430 in May 2013, down from the May 2012 total of 109,538. Consumer filings...
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June 06, 2013, 07:35 AM
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Law360 reported Ahern Rentals Inc. has asked a Nevada bankruptcy judge to sign off on a $415 million financing package from Jeffries Finance LLC that it plans to use to fund its Chapter 11 exit.According to the report, the equipment rental company...
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May 22, 2013, 07:47 AM
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AMF Bowling Worldwide, Inc. and certain of its affiliates ("AMF") filed a new chapter 11 plan of reorganization and disclosure statement today sponsored by Strike Holdings LLC (known as Bowlmor), and certain of AMF's second lien lenders, including...
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May 20, 2013, 07:51 AM
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Geokinetics Inc. announced that the Company and its domestic subsidiaries have successfully emerged from chapter 11 protection and the Company's second modified joint plan of reorganization (the "Plan") has become effective. David J. Crowley, the...
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May 13, 2013, 08:03 AM
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Thomson Reuters reported turnaround guru Wilbur Ross told one of the biggest annual gatherings of restructuring professionals on Friday the industry's system of basing pay on hours worked should be scrapped to control the spiraling cost of Chapter 11...
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April 22, 2013, 08:00 AM
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Salus Capital Partners announced it has provided a $16 million debtor-in-possession (DIP) facility to Namco, LLC. Namco, LLC is a multi-channel home recreational products retailer and wholesaler with operations throughout the Northeastern and...
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March 29, 2013, 07:12 AM
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RDA Holding Co., parent company of The Reader's Digest Association, Inc., announced it has reached a consensual agreement on the terms of a financial restructuring with both its secured lender and over 70% of its secured noteholders. The agreement is...
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February 19, 2013, 07:56 AM
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Beechcraft, formerly Hawker Beechcraft, announced it has formally emerged from the Chapter 11 process as a new company well-positioned to compete vigorously in the worldwide business aviation, special mission, trainer and light attack markets.
The...
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February 19, 2013, 07:28 AM
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Hawker Beechcraft announced the key creditors voting in the company's solicitation process have overwhelmingly approved its proposed Joint Plan of Reorganization.
The company also announced that J.P. Morgan Securities and Credit Suisse Securities...
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January 28, 2013, 08:00 AM
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NewPage Corporation has successfully completed its financial restructuring and has officially emerged from Chapter 11 bankruptcy protection pursuant to its Modified Fourth Amended Chapter 11 Plan (the Plan), confirmed on December 14, 2012, by the U.S...
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December 24, 2012, 10:00 AM
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