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News Stories (565 Results) - Bankruptcy

Red Lobster Management LLC, along with its direct and indirect operating subsidiaries, owner and operator of the Red Lobster® restaurant chain, announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the... Read Story
May 20, 2024, 08:00 AM


Second Wind Consultants, America’s most respected name in corporate turnaround, announced its formal merger with Polaris Business Advisors.Through the merger, Polaris Business Advisors will become Rise Alliance – offering new capabilities and... Read Story
May 17, 2024, 07:55 AM


Sam Ash—the century-old American music retailer that became a beloved institution for generations of amateur and professional musicians alike—filed for Chapter 11 bankruptcy protection on May 8, 2024 in the U.S. Bankruptcy Court for the District of... Read Story
May 10, 2024, 08:00 AM


Reuters reported apparel retailer rue21 filed for Chapter 11 bankruptcy protection for a third time and is seeking to shut down its 540 stores and sell its intellectual property. Read the full Reuters news story here. Read Story
May 06, 2024, 07:58 AM


Small business filings, captured as subchapter V elections within chapter 11, increased 60 percent to 233 in April 2024 from 146 in April 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Commercial... Read Story
May 03, 2024, 07:59 AM


JOANN has successfully emerged from its court-supervised financial restructuring process, and has substantially reduced its funded debt by half while further enhancing its liquidity through a $153 million exit financing facility that replaces the... Read Story
May 01, 2024, 08:00 AM


The following members of the American Bankruptcy Institute (ABI) were elected to leadership positions as officers and directors:  Christopher A. Ward of Polsinelli (Wilmington, Del.) has become ABI President for a one-year term, succeeding Soneet R.... Read Story
April 24, 2024, 08:05 AM


Express, Inc. has received a non-binding letter of intent from a consortium led by WHP Global (“WHP”), and participants including a wholly owned indirect subsidiary of Simon Property Group, L. P. (“Simon”) and Brookfield Properties (“Brookfield”) for... Read Story
April 22, 2024, 08:00 AM


Big Shoulders Capital (BSC) recently provided a $1 million debtor-in-possession loan for a steel fabrication business in Texas. Funds will provide working capital and enable a going-concern sale process. Due to the fabricator’s high urgency needs... Read Story
April 22, 2024, 07:42 AM


The American Bankruptcy Institute (ABI) supports the recently introduced S. 4150 by Sen. Richard Durbin (D-Ill.) to extend key provisions of the “Bankruptcy Threshold Adjustment and Technical Corrections Act” that were due to sunset on June 21 for an... Read Story
April 19, 2024, 07:46 AM


Histogen, a drug development company for treatment of bacterial skin infections, has filed voluntary petitions for relief under subchapter V of Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court for the... Read Story
April 19, 2024, 07:00 AM


Number Holdings, the direct parent company of 99 Cents Only Stores has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware to implement... Read Story
April 08, 2024, 07:47 AM


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... Read Story
April 02, 2024, 07:30 AM


JOANN has entered into a Transaction Support Agreement (TSA) with a majority of its financial stakeholders and additional industry financing parties to strengthen the Company’s financial position. In connection with the TSA, the Company has received... Read Story
March 18, 2024, 07:57 AM


BowFlex Inc. has entered into a purchase agreement with Johnson Health Tech Retail, Inc. (the “Stalking Horse Bidder”) to serve as the stalking horse bidder to acquire substantially all of the assets of the Company for $37,500,000 in cash at the... Read Story
March 05, 2024, 08:02 AM


Thrasio Holdings has entered into a restructuring support agreement with approximately 81% of its revolving credit facility lenders and approximately 88% of its term loan lenders that will eliminate approximately $495 million of the Company's... Read Story
February 28, 2024, 07:49 AM


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... Read Story
February 26, 2024, 07:40 AM


Robertshaw US Holding Corporation and certain of its U.S. affiliates, a leading global design, engineering, and manufacturing company, has commenced a financial restructuring process to improve its capital structure, strengthen its business, and... Read Story
February 15, 2024, 07:47 AM


Cano Health, a leading value-based primary care provider and population health company, has entered into a Restructuring Support Agreement (the "RSA") with lenders (the "Ad Hoc Lender Group") holding approximately 86% of its secured revolving and... Read Story
February 05, 2024, 07:38 AM


NanoString Technologies, a leading provider of life science tools for discovery and translational research, announced that steps are being taken to protect its business, customers, employees and its mission to “Map the Universe of Biology.” With... Read Story
February 05, 2024, 07:29 AM


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... Read Story
January 30, 2024, 07:25 AM


Diamond Sports Group entered into a Restructuring Support Agreement (“RSA”) with its largest creditor groups, including over 85% of the Company’s first lien debt holders, over 50% of the Company’s second lien debt holders, and over 66% of unsecured... Read Story
January 17, 2024, 07:30 AM


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... Read Story
January 08, 2024, 08:05 AM


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... Read Story
January 05, 2024, 07:50 AM


Air Methods Corporation, the leading air medical service provider in the U.S., has successfully emerged from Chapter 11 with significantly reduced debt and increased liquidity that positions the Company for long-term success.Air Methods is moving... Read Story
December 29, 2023, 07:30 AM


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... Read Story
December 20, 2023, 07:40 AM


PREIT, a leading operator of diverse retail and experiential destinations, announced it is taking steps to execute a comprehensive reorganization to strengthen its balance sheet, reduce its total indebtedness by approximately $880 million and extend... Read Story
December 12, 2023, 07:54 AM


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... Read Story
December 07, 2023, 07:30 AM


The bankruptcy filing by WeWork, Inc. in November propelled November commercial chapter 11 filings to 842, an increase of 141 percent over the 349 filings registered in November 2022, according to data provided by Epiq Bankruptcy.The case filed by... Read Story
December 05, 2023, 07:48 AM


Charvi Gupta, a Director at Getzler Henrich & Associates (), has been honored as one of the American Bankruptcy Institute’s (ABI) 40 Under 40 Emerging Leaders in Insolvency Practice for 2023. The recognition, which identifies and honors 40... Read Story
December 04, 2023, 07:27 AM


Smart Earth Technologies (“SET”), a provider of environmentally sustainable utility management solutions for water utilities is looking to enter into a financial restructuring that will culminate in an orderly liquidation and wind-down of the Company... Read Story
November 15, 2023, 07:02 AM


WeWork announced that it has commenced a comprehensive reorganization to strengthen its capital structure and financial performance and best position the Company for future success. The Company maintains the strong support of its key financial... Read Story
November 07, 2023, 08:07 AM


IronNet, Inc. stabilizes operations and continues plan of reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.On October 10, 2023, IronNet entered into a binding term... Read Story
November 06, 2023, 07:45 AM


There were 631 commercial chapter 11 filings registered in October 2023, an increase of 106 percent from the 306 filings registered in October 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing... Read Story
November 02, 2023, 08:00 AM


A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (the “Company”), announced plans to market for sale 78 Rite Aid and Bartell Drugs neighborhood pharmacy leases, as well as 21 fee-owned properties, pending... Read Story
October 18, 2023, 07:45 AM


Rite Aid Corporation has reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the Company to accelerate its ongoing business transformation. Implementing the... Read Story
October 16, 2023, 08:05 AM


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... Read Story
October 09, 2023, 08:00 AM


The 4,553 total commercial chapter 11 bankruptcies filed during the first nine months of 2023 represented a 61 percent increase over the 2,837 filed during the same period in 2022, according to data provided by Epiq Bankruptcy, the leading provider... Read Story
October 04, 2023, 07:55 AM


The increase in large corporate bankruptcies in the first half of 2023 marked a reversal from a gradual decline in filings since the start of 2021, according to a report released by Cornerstone Research.The report, Trends in Large Corporate... Read Story
September 27, 2023, 08:00 AM


The Wall Street Journal reported Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial number of its more than 2,100 drugstores, citing people familiar with the talks.According to the... Read Story
September 25, 2023, 08:00 AM


First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $55 million revolving credit facility to National CineMedia to support their emergence from Chapter 11 bankruptcy.National... Read Story
September 08, 2023, 08:00 AM


There were 634 commercial chapter 11 filings registered in August 2023, an increase of 54 percent from the 411 filings registered in August 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.... Read Story
September 06, 2023, 08:04 AM


Mallinckrodt plc received approvals from the U.S. Bankruptcy Court for the District of Delaware for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed on August 28, 2023.As expected, the Court granted Mallinckrodt... Read Story
August 31, 2023, 07:55 AM


Bloomberg reported that Rite Aid Corp. is preparing a Chapter 11 bankruptcy filing to restructure debts including opioid liabilities, according to people familiar wiht the matter. According to the Bloomberg report, advisers to the pharmacy chain have... Read Story
August 28, 2023, 08:02 AM


Mallinckrodt plc, a global specialty pharmaceutical company, has taken the next step to implement the comprehensive financial restructuring plan contemplated by a Restructuring Support Agreement ("RSA") the Company previously entered into with more... Read Story
August 28, 2023, 07:48 AM


Ravinia Capital, a Chicago-based boutique investment bank specializing in sell-side M&A advisory and 363 bankruptcy sales, announced the sale of Allied Healthcare Products to Allied Medical LLC (dba Flexicare) through a Chapter 11 Section 363 sale... Read Story
August 21, 2023, 07:09 AM


Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.The Chapter 11 filing follows the permanent appointment of... Read Story
August 15, 2023, 07:45 AM


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... Read Story
August 11, 2023, 07:20 AM


Proterra, a leading innovator in commercial vehicle electrification technology, announced that the Company is taking action to maximize the value of its business and enhance the potential of each of its product lines. To do so, Proterra has... Read Story
August 10, 2023, 07:52 AM


Yellow Corporation and certain of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware for the Company’s planned... Read Story
August 07, 2023, 08:07 AM


There were 362 commercial chapter 11 filings registered in July 2023, an increase of 71 percent from the 212 filings registered in July 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.  Overall... Read Story
August 03, 2023, 08:00 AM


FTX Trading Ltd. (d.b.a. FTX.com), and its affiliated debtors, announced the filing of its initial Plan of Reorganization and related Term Sheet with the U.S. Bankruptcy Court. John J. Ray III, Chief Executive Officer and Chief Restructuring Officer... Read Story
August 01, 2023, 07:54 AM


AppHarvest, a sustainable food company, announced that it is pursuing a financial and operational transition to enable the company to reduce its outstanding liabilities. Business operations will continue at the farms, including shipping product to... Read Story
July 24, 2023, 07:58 AM


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... Read Story
July 17, 2023, 07:55 AM


Alpine Summit Energy Partners and certain affiliates and related companies announced that, after evaluating a variety of strategic alternatives, it has filed for voluntary chapter 11 relief in the U.S. Bankruptcy Court for the Southern District of... Read Story
July 10, 2023, 07:50 AM


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... Read Story
July 05, 2023, 08:18 AM


Tattooed Chef, a leader in plant-based foods, announced that it intends to file for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Central District of California and intends to pursue a sale of... Read Story
July 05, 2023, 07:38 AM


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.... Read Story
July 03, 2023, 08:03 AM


Lannett Company announced that it and certain of its subsidiaries have successfully emerged from their Chapter 11 cases following the confirmation of its Plan of Reorganization (the “Plan”) on June 8, 2023.“Our swift and successful emergence marks a... Read Story
June 20, 2023, 07:42 AM


PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, announced that Joseph Marchese has been appointed Chief Restructuring Officer of... Read Story
June 16, 2023, 08:00 AM


Instant Brands has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed on June 12, 2023. Notably, the Court authorized the... Read Story
June 15, 2023, 07:59 AM


Instant Brands, maker of consumer favorites like Instant Pot®, Corelle®, Pyrex®, Snapware®, CorningWare®, Visions® and Chicago Cutlery®, announced that it is taking steps to strengthen the Company as it continues providing housewares and appliance... Read Story
June 13, 2023, 07:59 AM


Commercial Chapter 11 filings increased 105 percent in May 2023 to 680 versus the 332 filings in May 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Nearly half of the Chapter 11 filings were... Read Story
June 05, 2023, 08:00 AM


The Algon Group announced that highly-regarded bankruptcy and restructuring lawyer, Robert "Bob" Fishman, has joined the firm as Vice Chairman. Fishman, coming out of a very brief retirement, brings 40 years of experience representing all parties in... Read Story
June 01, 2023, 07:53 AM


VICE Media Group announced that it has agreed to the terms of an asset purchase agreement ("APA") with a consortium of its lenders (the "Lender Consortium"), pursuant to which the Lender Consortium has agreed to purchase the Company, subject to... Read Story
May 16, 2023, 08:00 AM


Envision Healthcare announced it and certain of its wholly owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Envision has entered into a Restructuring Support Agreement (RSA) with its... Read Story
May 15, 2023, 07:59 AM


Small business filings, captured as subchapter V elections within Chapter 11, increased 81 percent to 157 in April 2023 from 87 in April 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. All... Read Story
May 03, 2023, 08:00 AM


Lannett Company announced that it and certain of its subsidiaries have commenced prepackaged Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware to effectuate the transactions contemplated by the Restructuring Support... Read Story
May 03, 2023, 07:50 AM


Bed Bath & Beyond announced that it and certain of its subsidiaries (collectively, "the Company") filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District... Read Story
April 24, 2023, 08:00 AM


David's Bridal, the nation's leading bridal and special occasion authority, announced that the Company and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United... Read Story
April 17, 2023, 08:05 AM


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.... Read Story
April 13, 2023, 07:51 AM


Revlon announced that the United States Bankruptcy Court for the Southern District of New York has confirmed the Company’s Plan of Reorganization. The Plan positions Revlon to emerge from bankruptcy in late April – consistent with the timeline... Read Story
April 05, 2023, 08:00 AM


Virgin Orbit Holdings, Inc. and its U.S. subsidiaries, a responsive space launch provider, announced that it commenced a voluntary proceeding under Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court in the... Read Story
April 05, 2023, 07:53 AM


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... Read Story
March 20, 2023, 08:00 AM


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... Read Story
March 10, 2023, 07:21 AM


New bankruptcy filings in February 2023 registered double-digit increases year-over-year across all U.S. major filing categories, according to data provided by Epiq Bankruptcy. The 31,889 total new bankruptcy filings in February were up 18 percent... Read Story
March 03, 2023, 07:58 AM


Avaya Holdings Corp., a global leader in solutions to enhance and simplify communications and collaboration, has entered into a Restructuring Support Agreement (the “Financial Restructuring”) with overwhelming support of more than 90% of the... Read Story
February 15, 2023, 07:57 AM


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... Read Story
February 15, 2023, 07:50 AM


Bankruptcy new filings were up year-over-year across Chapter 7, 11, 13 and 15 in January 2023, according to data provided by Epiq Bankruptcy.Total commercial filings increased 12 percent to 1,694 in January 2023 over the 1,508 total filings reported... Read Story
February 06, 2023, 07:45 AM


Diamond Scaffold Services, a scaffolding rental company with locations in the southern United States, has retained SC&H Capital to run the bankruptcy court-approved sale process for the Company. Founded over 20 years ago, DSS is a provider of... Read Story
January 30, 2023, 07:10 AM


Reuters reported Bed Bath & Beyond said on Thursday it had received a notice of default on its loan from JPMorgan Chase Bank, triggering a 22% slump in its shares.The company said in a regulatory filing it does not have sufficient resources to repay... Read Story
January 27, 2023, 08:00 AM


Serta Simmons Bedding, a leading global sleep company, announced that the company is taking steps to strengthen its financial position as it continues to support long-term growth.SSB has entered into a Restructuring Support Agreement with key... Read Story
January 24, 2023, 08:00 AM


Reuters reported that Party City Holdco Inc. filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry.Read the Reuters news story here. Read Story
January 18, 2023, 07:59 AM


Eclipse Business Capital provided a $200 million senior secured revolving credit facility to a leading provider of products to the Petrochemical Industry.The credit facility is secured by accounts receivable and inventory that will be used to support... Read Story
January 09, 2023, 08:00 AM


To facilitate the ongoing process to sell its businesses,  DCL Corporation, a leading manufacturer and reseller of color pigments, announced that, on December 20, 2022, its United States based subsidiaries have filed voluntary petitions for a... Read Story
December 22, 2022, 07:11 AM


Clovis Oncology, a biopharmaceutical company focused on acquiring, developing, and commercializing innovative anti-cancer agents in the U.S., Europe, and additional international markets, announced that it and certain of its subsidiaries... Read Story
December 12, 2022, 08:00 AM


SSG Capital Advisors acted as the investment banker to David W. Carickhoff, Jr., Esq., the Chapter 7 Trustee of Electric Last Mile Solutions, Inc. and its subsidiary, Electric Last Mile, Inc. (together, “ELMS” or the “Company”), in the sale of... Read Story
December 09, 2022, 07:45 AM


BlockFi Inc. and eight of its affiliates (“BlockFi” or “the Company”) commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (“the Court”) to stabilize its business... Read Story
November 29, 2022, 08:01 AM


Wingspire Capital provided a $40 million senior secured revolving line of credit to Corsicana Mattress Company as part of its exit from bankruptcy.It was the third financing transaction Wingspire Capital has provided to Corsicana, following an... Read Story
November 16, 2022, 08:02 AM


Commercial chapter 11 filings for bankruptcy increased 2 percent in October to 304 filings from 297 filings the previous year. Small business filings, captured as subchapter V elections within chapter 11, increased 28 percent to 131 in October 2022... Read Story
November 04, 2022, 07:54 AM


Year-over-year U.S. bankruptcy filings increased seven percent across all chapters for the second consecutive month in September, according to data released today from Epiq's Bankruptcy Analytics platform.  There were 33,184 total filings registered... Read Story
October 06, 2022, 08:01 AM


Cineworld Group plc and its subsidiaries, a leading cinema operator in 10 countries, including the United States and the United Kingdom, with 747 sites and 9,139 screens globally, announced that Cineworld and certain of its subsidiaries (collectively... Read Story
September 09, 2022, 08:04 AM


Bankruptcy filings in August 2022 across all chapters totaled 35,355, a 10 percent increase from the August 2021 total of 32,276, according to new research released from Epiq's Bankruptcy Analytics platform.Overall commercial filings increased 6... Read Story
September 02, 2022, 07:57 AM


SAS AB entered into a debtor-in-possession (“DIP”) financing credit agreement for USD $700 million (the equivalent of approximately SEK 7.0 billion) with funds managed by Apollo Global Management (“Apollo”). DIP financing is a specialized type of... Read Story
August 15, 2022, 08:06 AM


There were 212 commercial chapter 11 filings registered in July 2022, a decrease of 13 percent from the 245 filings in July 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Overall commercial... Read Story
August 04, 2022, 07:30 AM


The 447 commercial chapter 11 filings in June represented a 29 percent increase from the 347 filings in June 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Overall commercial filings... Read Story
July 07, 2022, 07:20 AM


First Guaranty Mortgage announced that the Company and affiliate Maverick II Holdings, LLC filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware to protect the business while exploring all available... Read Story
July 05, 2022, 07:50 AM


SC&H Capital acted as the exclusive investment banker to CCX, Inc., dba Braeburn Alloy Steel (“Braeburn”), in the sale of substantially all of its assets to a G.O. Carlson subsidiary (“Carlson”) in the United States Bankruptcy Court for the District... Read Story
July 01, 2022, 07:00 AM


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... Read Story
June 16, 2022, 08:08 AM


Bloomberg reported cosmetics giant Revlon Inc. is preparing to file for Chapter 11 bankruptcy as it battles supply chain problems and a heavy debt load, according to people with knowledge of the matter.Read the Bloomberg report here. Read Story
June 13, 2022, 07:55 AM


Armstrong Flooring has received approval from the U.S. Bankruptcy Court for the District of Delaware to access its consensual debtor-in-possession ("DIP") financing totaling $24 million in net new money. This financing will provide the Company with... Read Story
May 18, 2022, 08:00 AM


Armstrong Flooring announced that the Company and certain of its subsidiaries have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. In a continuation of... Read Story
May 09, 2022, 08:00 AM


Total U.S. bankruptcy filings in April 2022 decreased 21 percent from the previous year, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Bankruptcy filings totaled 32,508 in April 2022, down from... Read Story
May 05, 2022, 07:24 AM


Sungard Availability Services (Sungard AS) today announced that, after evaluating several strategic alternatives, it has filed voluntary chapter 11 petitions in the U.S. Bankruptcy Court in Houston, Texas and commenced proceedings in respect of its... Read Story
April 13, 2022, 07:30 AM


The total 36,049 bankruptcy filings for March represented a 34 percent increase over the 26,993 filings during the previous month of February, according to data provided by Epiq Bankruptcy. Similarly, the 34,244 total noncommercial filings for March... Read Story
April 06, 2022, 07:45 AM


The American Bankruptcy Institute (ABI) applauds the introduction of S. 3823, the “Bankruptcy Threshold Adjustment and Technical Corrections Act,” which would permanently set the debt limit at $7.5 million for small businesses electing to file for... Read Story
March 21, 2022, 07:26 AM


Commercial Chapter 11 filings in February totaled 203, a 52 percent drop from the 420 commercial Chapter 11 filings in February 2021, according to data provided by Epiq. The 1,420 commercial filings in February 2022 were 28 percent less than the... Read Story
March 08, 2022, 07:45 AM


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... Read Story
February 22, 2022, 07:05 AM


The 1,499 bankruptcy commercial filings in January were 27 percent fewer than the 2,049 registered in January 2021, according to data provided by Epiq. Commercial Chapter 11 filings in January totaled 223, a 53 percent drop from the 479 commercial... Read Story
February 07, 2022, 07:42 AM


B. Riley released its Retail Industry Monitor entitled “The Ripple Effect.” Among key findings:With the acceleration of retail bankruptcy filings into 2020, many retail store closings projected for 2021 were pulled forward during 2020. This dynamic... Read Story
November 17, 2021, 07:48 AM


The 294 commercial chapter 11 filings recorded in October 2021 represented a 19 percent increase from the 247 commercial chapter 11 filings in September 2021, according to data provided by Epiq. Overall October 2021 business filings increased 4... Read Story
November 05, 2021, 07:38 AM


CBL Properties successfully completed its Chapter 11 reorganization. CBL emerged with a significantly improved capital structure, greater financial flexibility and a lowered cost of capital, positioning the company with a much-improved balance sheet... Read Story
November 03, 2021, 07:30 AM


GTT Communications, a leading global cloud networking provider to multinational clients, announced that the Company and certain of its direct and indirect subsidiaries have commenced prepackaged chapter 11 cases in the United States Bankruptcy Court... Read Story
November 01, 2021, 07:50 AM


Companies have unique opportunities to shift their focus beyond capital structure fixes during bankruptcy and identify plans and strategies for building a stronger foundation for scalable, sustainable growth upon emerging from Chapter 11, according... Read Story
October 27, 2021, 07:42 AM


For its work on the restructurings of GNC and Tuesday Morning, A&G Real Estate Partners was among the winners of The M&A Advisor’s 15th-Annual Turnaround Awards.  It was the third such award presented to A&G—an advisory firm specializing in lease... Read Story
September 28, 2021, 07:28 AM


Armstrong Teasdale announced that Financial and Real Estate Services Partner Erin Edelman has been selected to lead the firm’s Restructuring, Insolvency and Bankruptcy practice. Edelman succeeds Partner Richard Engel, who was named Armstrong Teasdale... Read Story
September 23, 2021, 07:39 AM


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... Read Story
September 22, 2021, 07:37 AM


A Haynes and Boone team led by Partner Ian Peck has been honored by the Turnaround Management Association (TMA) for its representation of Tuesday Morning Corporation in its successful reorganization and emergence from Chapter 11.Haynes Boone received... Read Story
September 15, 2021, 07:55 AM


Commercial chapter 11 filings decreased 50 percent in August 2021 from last year, according to data provided by Epiq Systems. The 264 commercial chapter 11 filings in August 2021 fell by exactly half from the 528 filings registered in August 2020.... Read Story
September 08, 2021, 07:23 AM


GTT Communications, a leading global cloud networking provider to multinational clients, has entered into a Restructuring Support Agreement with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital... Read Story
September 02, 2021, 07:05 AM


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... Read Story
August 26, 2021, 07:37 AM


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... Read Story
August 20, 2021, 07:38 AM


Avadim Health completed the court-approved sale of substantially all its assets to a newly-created company owned by funds managed by Hayfin Capital Management (Hayfin) following a Chapter 11 process. The new company (the Company) will continue to... Read Story
August 18, 2021, 07:39 AM


Epiq released its July 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Across all chapters, new filings in July were 32,375, down 6 percent from 34,277 in June. Commercial filings across all chapters were... Read Story
August 04, 2021, 07:46 AM


Alpha Latam Management ("ALM") and certain of its affiliates that operate its Colombian business (the "Debtors") filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the District of Delaware.... Read Story
August 02, 2021, 07:38 AM


Revolving credit facilities remained a critical tool for companies, with overall robust recoveries for both asset-backed loans (ABL) and cash flow revolvers, according to a new Fitch Ratings report."The pandemic fostered increased revolving credit... Read Story
July 23, 2021, 08:08 AM


Wolters Kluwer Legal & Regulatory U.S. launched Bankruptcy Essentials, a digital research and analysis solution that streamlines the process of managing bankruptcy litigation and restructuring transactions. Developed and curated by industry-leading... Read Story
July 22, 2021, 07:52 AM


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... Read Story
July 15, 2021, 08:00 AM


The 349 commercial chapter 11 filings in June represented a 42 percent increase from the 246 filings in May 2021, according to data provided by Epiq. Total commercial filings in June increased 11 percent to 1,983 from the 1,791 commercial filings in... Read Story
July 08, 2021, 07:00 AM


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... Read Story
July 01, 2021, 07:25 AM


Washington Prime Group Inc. announced that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas.... Read Story
June 14, 2021, 07:38 AM


Creditors to be paid in full and existing shareholders to receive more than $1 billion of value.Hertz Global Holdings announced that the Bankruptcy Court confirmed the Company's Plan of Reorganization (the "Plan"). The Plan unimpairs all classes of... Read Story
June 11, 2021, 08:00 AM


Total commercial Chapter 11 filings in May decreased 66 percent from the previous year, according to data provided by Epiq, the American Bankruptcy Institute said. Commercial Chapter 11 filings totaled 246 in May, down from the 725 commercial Chapter... Read Story
June 07, 2021, 07:14 AM


Epiq released its May 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. The new filings for May dropped to 34,734 across all chapters. This is a 15 percent drop from the April 2021 new filings count of 40,913.... Read Story
June 04, 2021, 08:00 AM


Total U.S. bankruptcy filings in April 2021 increased 6 percent from the previous year, according to data provided by Epiq. Bankruptcy filings totaled 40,911 in April 2021, up from the April 2020 total of 38,459, when filings sharply declined in the... Read Story
May 07, 2021, 08:06 AM


Armory Securities announced the successful sale of all of Wave Computing, Inc. via §363 auction under the U.S. Bankruptcy code. Armory served as exclusive financial advisor to Wave Computing, Inc. for the transaction.Founded in 2010, Wave Computing... Read Story
May 07, 2021, 07:16 AM


Hertz Global Holdings confirmed that it has received a revised proposal from affiliates of Knighthead Capital Management LLC, Certares Opportunities LLC, and Apollo Capital Management, LP to provide equity capital required to fund Hertz's exit from... Read Story
May 05, 2021, 07:09 AM


Frontier Communications Corporation announced the California Public Utilities Commission has unanimously voted to approve its emergence from Chapter 11. Having already received all other required state and federal approvals, the Company expects to... Read Story
April 16, 2021, 06:00 AM


Hertz Global Holdings selected an enhanced proposal from Centerbridge Partners, L.P., Warburg Pincus LLC, and Dundon Capital Partners, LLC (collectively, the "Sponsorship Group") to provide the equity capital required to fund Hertz's exit from... Read Story
April 05, 2021, 08:00 AM


Hertz Global Holdings announced it has made all of the required court filings in its Chapter 11 case needed to continue the process it initiated at the beginning of March 2021 to exit Chapter 11 in June 2021. The filings also report on the status of... Read Story
March 31, 2021, 08:00 AM


President Joe Biden on Saturday, March 27, 2021, signed the “COVID-19 Bankruptcy Relief Extension Act” into law to extend provisions providing financially distressed consumers and small businesses greater access to bankruptcy relief. The legislation... Read Story
March 30, 2021, 07:35 AM


Bloomberg reported that Greensill Capital filed for Chapter 11 bankruptcy protection for its U.S. unit in New York. According to the Bloomberg report, Greensill Capital Inc. listed assets of as much as $50 million and liabilities of up to $100... Read Story
March 26, 2021, 08:05 AM


Garrett Motion announced that the U.S. bankruptcy court has approved the disclosure statement in respect of Garrett’s proposed plan of reorganization, which is sponsored by a consortium of investors led by funds managed by Centerbridge Partners, L.P.... Read Story
March 15, 2021, 06:11 AM


The American Bankruptcy Institute (ABI) sent a letter to Senate Judiciary Committee leadership on Friday supporting S. 473, the "COVID-19 Bankruptcy Relief Extension Act," to extend, for another year, bankruptcy-relief provisions due to sunset in the... Read Story
March 09, 2021, 07:06 AM


Hertz Global Holdings announced that it has reached a key milestone in the Company's Chapter 11 process by filing its proposed Plan of Reorganization ("Plan") and related Disclosure Statement with the U.S. Bankruptcy Court for the District of... Read Story
March 03, 2021, 08:04 AM


Epiq released its February 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. February experienced the lowest number of new monthly bankruptcy filings across all chapters, with only 31,188 filings, since... Read Story
March 03, 2021, 07:30 AM


Epiq released its January 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. January experienced the lowest monthly number of new bankruptcy filings across all chapters since February 2006 (26,617 filings) with... Read Story
February 05, 2021, 08:30 AM


Knotel announced plans to accelerate its transformation into a more capital efficient business and reorganize its operations and capital structure under new ownership.As part of its strategic path forward, Knotel has reached an agreement to sell the... Read Story
February 01, 2021, 07:42 AM


Christopher & Banks Corporation, a specialty women’s apparel retailer, announced that it has filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (the... Read Story
January 15, 2021, 08:15 AM


Commercial Chapter 11 filings increased 29 percent during calendar year 2020 as the total of 7,128 climbed past the 5,519 recorded during calendar year 2019, according to data provided by Epiq. The 2020 commercial Chapter 11 filing total was the... Read Story
January 13, 2021, 08:12 AM


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... Read Story
January 05, 2021, 08:21 AM


Wave Computing and its subsidiaries including MIPS Tech, announced that the Company has reached an agreement with its secured lender Tallwood Technology Partners, LLC to restructure the Company's current capital structure and provide substantial... Read Story
December 29, 2020, 07:00 AM


Tuesday Morning and certain of its subsidiaries announced that the U.S. Bankruptcy Court for the Northern District of Texas has confirmed the Company’s Plan of Reorganization (the “Plan”). As a result, Tuesday Morning expects to successfully emerge... Read Story
December 24, 2020, 08:15 AM


Guitar Center announced that the United States Bankruptcy Court for the Eastern District of Virginia has confirmed the Company’s Plan of Reorganization (the “Plan”). As planned, the Company expects to emerge from Chapter 11 by December 31 with... Read Story
December 18, 2020, 07:40 AM


Superior Energy Services announced that it has advanced its previously announced financial restructuring by commencing voluntary cases under Chapter 11 of the U.S. Bankruptcy Code before the U.S. Bankruptcy Court (the “Bankruptcy Court”) for the... Read Story
December 09, 2020, 08:12 AM


SSG Capital Advisors announced that Teresa C. Kohl will be inducted as a Fellow in the 32nd Class of the American College of Bankruptcy. Kohl is one of 37 new Fellows, insolvency professionals who are being honored and recognized for their... Read Story
November 23, 2020, 08:29 AM


Gulfport Energy Corporation announced that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) granted approval of all Gulfport’s “first day” motions, authorizing, among other things, Gulfport to continue paying... Read Story
November 18, 2020, 08:00 AM


Guitar Center, Inc., a leading musical instrument retailer, announced that it has entered into a comprehensive Restructuring Support Agreement (the “RSA”) with its key stakeholders, including its equity sponsor, a fund managed by the Private Equity... Read Story
November 16, 2020, 10:00 AM


The impact of COVID-19 is becoming evident in the accelerating Chapter 11 filings. The amount of Chapter 11 bankruptcy filings in the third quarter, which are tracked in the newest Polsinelli-TrBK Distress Indices Report, have hit the highest level... Read Story
November 13, 2020, 08:30 AM


Commercial Chapter 11 filings increased slightly as the 550 filings in October 2020 were up 4 percent over the 530 recorded in October 2019, according to data provided by Epiq Systems, Inc. Throughout 2020, more than one-half of the commercial... Read Story
November 10, 2020, 08:00 AM


Despite continued high unemployment related to the coronavirus (COVID-19) pandemic, personal and business bankruptcy filings fell 21.1 percent for the 12-month period ending Sept. 30, 2020, according to statistics released by the Administrative... Read Story
November 03, 2020, 08:00 AM


KPS Capital Partners, LP ("KPS") announced that, through a newly formed affiliate, it has entered into an asset purchase agreement with Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries under which KPS will acquire... Read Story
October 28, 2020, 08:50 AM


The associated debt from North American oil and gas bankruptcies in 2020 has already reached an all-time high and is set to grow even further this year as the wave of Chapter 11 filings continues, a Rystad Energy report projects, analyzing industry... Read Story
October 27, 2020, 08:27 AM


Ruby Tuesday announced that it has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code. Prior to its filing, the Company reached an understanding with its secured lenders to support its restructuring through... Read Story
October 13, 2020, 08:33 AM


J.Crew Group announced that it has successfully completed its financial restructuring process and emerged from Chapter 11 well positioned for long-term growth. As part of its financial restructuring, the Company has equitized more than $1.6 billion... Read Story
September 11, 2020, 09:05 AM


Lenders to bankrupt retailer J.C. Penney have extended a key deadline requiring the company to find a buyer after it was reported that Amazon is eyeing some of the company's properties as possible fulfillment center. The lenders gave the 118 year old... Read Story
August 10, 2020, 09:10 AM


Tailored Brands, Inc. and certain of its subsidiaries announced that it has entered into a restructuring support agreement (“RSA”) with more than 75% of its senior lenders. The RSA outlines agreed-upon terms for a pre-arranged financial restructuring... Read Story
August 03, 2020, 09:00 AM


Briggs & Stratton Corporation, a recognized global leader in providing power to get work done, today announced it has entered into a definitive stock and asset purchase agreement with KPS Capital Partners, LP (KPS), which has more than a 20-year... Read Story
July 20, 2020, 08:00 AM


Brooks Brothers, America’s oldest apparel company, announced that it has commenced Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware to facilitate a value-maximizing sale process. A transaction would ensure that the... Read Story
July 09, 2020, 09:05 AM


NPC International, Inc. announced that it has entered into a restructuring support agreement (“RSA”) with lenders holding approximately 100% of the Company’s first lien priority debt and 70% of its first lien debt (collectively, the “Senior Secured... Read Story
July 06, 2020, 08:55 AM


GNC Holdings, Inc., a leading global health and wellness brand, announced that the Company, certain of its North American entities, certain of its secured lenders, and key stakeholders have reached an agreement to pursue a dual-path process that will... Read Story
June 24, 2020, 09:10 AM


AAC Holdings, Inc., a provider of inpatient and outpatient substance abuse treatment services and parent of American Addiction Centers, announced it has received the support of its Board of Directors and lenders to move forward with a strategic... Read Story
June 23, 2020, 09:00 AM


24 Hour Fitness, an industry-leading fitness brand for over 35 years, today announced that, due to the disproportionate impact of the COVID-19 pandemic, the Company has voluntarily filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the... Read Story
June 16, 2020, 09:07 AM


GVM Inc. of Biglerville, PA, an American manufacturer of high-end agriculture equipment called Prowler Double Duty Spreaders and Mako Sprayers, has exited Chapter 11 Bankruptcy in a transaction with Liquid Finance. With the reorganization, GVM has... Read Story
June 12, 2020, 08:45 AM


J.C. Penney Company, Inc. announced that it has received authorization from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, Texas to access its debtor-in-possession (DIP) financing, which includes $450 million of new... Read Story
June 05, 2020, 09:05 AM


J.C. Penney Company, Inc. announced that it has entered into a restructuring support agreement with lenders holding approximately 70% of JCPenney’s first lien debt to reduce the Company’s outstanding indebtedness and strengthen its financial position... Read Story
May 18, 2020, 09:15 AM


Intelsat S.A., a global satellite company, and certain of its subsidiaries commenced voluntary cases under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia (the “Bankruptcy... Read Story
May 14, 2020, 08:45 AM


GGI Holdings, LLC and its affiliates, parent company of Gold’s Gym, filed voluntary petitions for relief under Chapter 11 in an effort to facilitate the financial restructuring of the company.In a statement the company said the pre-negotiated filing... Read Story
May 11, 2020, 08:30 AM


J.Crew Group, Inc., an internationally recognized omni-channel retailer of women's, men's and children's apparel, announced it has reached an agreement with its lenders holding approximately 71% of its Term Loan and approximately 78% of its IPCo... Read Story
May 04, 2020, 09:20 AM


Legal experts say COVID-19 related business bankruptcy filing in the state of Delaware will likely outpace those seen during the Great Recession of 2008-2009, as the first cases begin to land in front of judges.According to a report from Delaware... Read Story
May 01, 2020, 09:05 AM


Pace Industries, LLC announced that it has reached an agreement with its senior secured lenders on the terms of a comprehensive financial restructuring plan, which will deleverage the Company's balance sheet. This agreement has support from 100% of... Read Story
April 13, 2020, 09:15 AM


Modell’s Sporting Goods, America’s oldest family owned and operated retailer of sporting goods, athletic footwear, active apparel and fan gear, today announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code... Read Story
March 12, 2020, 09:05 AM


Pioneer Energy Services Corp. announced that the Company and certain of its subsidiaries have reached an agreement with its key stakeholders regarding the terms of a comprehensive financial restructuring, including the elimination of its existing... Read Story
March 05, 2020, 09:10 AM


CraftWorks Holdings, LLC, which operates restaurants and breweries under leading names such as Logan's Roadhouse, Old Chicago, Rock Bottom, and Gordon Biersch, today announced an agreement that would substantially reduce the Company's debt... Read Story
March 03, 2020, 09:05 AM


Mallinckrodt plc announced that the Company and its specialty generics-focused subsidiaries Mallinckrodt LLC, SpecGx LLC and certain other affiliates (collectively, "Specialty Generics") have reached an agreement in principle on the terms of a global... Read Story
February 26, 2020, 09:15 AM


Pier 1 Imports, Inc. (“Pier 1” or the “Company”) announced that it has entered into a Plan Support Agreement (the “PSA”) with a majority of its term loan lenders and is pursuing a sale of the Company. To facilitate an orderly sale process and... Read Story
February 18, 2020, 09:03 AM


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... Read Story
February 18, 2020, 08:55 AM


McDermott International, Inc., provider of technology, engineering and construction solutions to the energy industry, announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will... Read Story
January 27, 2020, 08:00 AM


EP Energy Corporation, which filed voluntary petitions for Chapter 11 on Oct. 3 in the United States Bankruptcy Court for the Southern District of Texas, has entered into a Senior Secured Superpriority Debtor-In-Possession Credit Agreement with... Read Story
December 02, 2019, 08:55 AM


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


Purdue Pharma L.P., maker of the drug OxyContin, announced that it has reached an agreement in principle on a framework for settling the U.S. opioid litigation facing the Company with 24 state attorneys general, analogous officials from 5 U.S.... Read Story
September 16, 2019, 09:00 AM


PG&E Corporation and Pacific Gas and Electric Company (PG&E) filed a joint Chapter 11 Plan of Reorganization in the United States Bankruptcy Court for the Northern District of California. This Plan is another step in a multi-step process as PG&E... Read Story
September 10, 2019, 08:40 AM


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


President Donald J. Trump signed the “Small Business Reorganization Act of 2019” (SBRA; H.R. 3311) into law. The bipartisan legislation, which passed with the support of the American Bankruptcy Institute (ABI), passed the House in late July and the... Read Story
August 26, 2019, 09:00 AM


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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