News by subject: BANKRUPTCY

Cyxtera , a global leader in data center colocation and interconnection services, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of New Jersey for its "First Day" motions related to the Company's...

Rockley Photonics today announced that it has completed a comprehensive financial restructuring and emerged from Chapter 11 after filing for bankruptcy protection in Q1. All of Rockley's material customer relationships remain in place. The company...

Lexington Law ("Lexington" or "Firm") today announced it has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Firm continues serving its clients that are hamstrung by low credit scores, which are often a...

Progrexion ("Company") today announced it and certain of its wholly owned subsidiaries and affiliates have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. "This move will ensure that we set a course for a...

Cyxtera , a global leader in data center colocation and interconnection services, today announced that, pursuant to the previously disclosed Restructuring Support Agreement ("RSA") it reached with certain of its lenders holding over two-thirds of its...

QualTek Services Inc. , today announced that it was notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") that Nasdaq had determined to delist the Company's common stock as a result of the Company's commencement...

Today, the U.S. Court of Appeals for the Second Circuit ruled in favor of Purdue Pharma's chapter 11 Plan of Reorganization (the "Plan"), affirming the bankruptcy court's September 2021 confirmation order. "The Second Circuit's ruling is a victory...

Celsius Network LLC ("Celsius" or the "Company") today announced that, following the completion of the Court?approved auction process, Celsius, in consultation with its official committee of unsecured creditors (the "Committee"), has selected a...

Virgin Orbit Holdings, Inc. (the "Company" or "Virgin Orbit"), a responsive space launch provider, announced today that, following a comprehensive sale process and competitive auction conducted under the United States Bankruptcy Code, the Company...

Zukin Partners represented HyreCar, Inc. in its sale to Getaround, the world's first connected carsharing marketplace, via a Bankruptcy Court supervised Section 363 Sale. The auction was concluded on May 8, 2023 and the sale was finalized at a...

Envision Healthcare Corp. ("Envision") today 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...

Symbiont.io, a technology pioneer solving complex global finance problems using enterprise blockchain solutions that was formed in 2013, announced the company is soliciting offers for a sale of its assets. The company's chief restructuring officer...

Monitronics International, Inc. ("Monitronics" or "the Company"), today announced that it has entered into a Restructuring Support Agreement ("RSA") with (i) lenders holding approximately 78% of the Company's outstanding funded debt and (ii) holders...

Virgin Orbit Holdings, Inc. (the "Company" or "Virgin Orbit"), a responsive space launch provider, has announced today an update regarding the process for sale of the Company. Pursuant to court-approved bid procedures, as of May 4, 2023 the Company...

Bittrex, Inc. released the following statement today regarding Bittrex U.S.' decision to file Chapter 11 bankruptcy: "Having previously announced that Bittrex, Inc. would be ceasing all operations in the U.S. effective April 30th, we have now made...

Invacare Holdings Corporation ("Invacare" or "the company"), a leading manufacturer and distributor of medical equipment used in non-acute care settings, today announced that Invacare Corporation and its two U.S. subsidiaries, Freedom Designs, Inc....

Revlon, Inc. ("Revlon" or the "Company") today 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...

(BRK.A; BRK.B) ? On December 14, 2007, an indirect subsidiary of Berkshire Hathaway Inc. acquired the equity of Whittaker, Clark & Daniels, Inc., Brilliant National Services, Inc., L.A. Terminals, Inc., and Soco West, Inc. These companies had ceased...

Virgin Orbit Holdings, Inc. and its U.S. subsidiaries (the "Company" or "Virgin Orbit"), a responsive space launch provider, announced today that it filed a plan, which provides for, among other things, resolution of outstanding claims and interests...

Keen-Summit Capital Partners LLC has been retained, under a Federal Bankruptcy Court Order, as the exclusive real estate advisor to market and run the competitive sale of Banyan Cay Golf & Resort, a 250-acre luxury resort property in West Palm Beach...

National CineMedia, LLC (NCM LLC or the Company), the largest cinema advertising network in the U.S., today announced a series of debt restructuring transactions that are expected to meaningfully strengthen the Company's balance sheet and position...

Pear Therapeutics, Inc. ("the Company"), a company focused on developing and commercializing software-based medicines called prescription digital therapeutics (PDTs), today announced that the Company and its wholly owned subsidiary, Pear...

Johnson & Johnson (the Company) today announced that its subsidiary LTL Management LLC (LTL) has re-filed for voluntary Chapter 11 bankruptcy protection to obtain approval of a reorganization plan that will equitably and efficiently resolve all...

Revlon, Inc. ("Revlon" or the "Company") today announced that the United States Bankruptcy Court for the Southern District of New York has confirmed the Company's Plan of Reorganization (the "Plan"). The Plan positions Revlon to emerge from...

Virgin Orbit Holdings, Inc. and its U.S. subsidiaries, (the "Company" or "Virgin Orbit"), a responsive space launch provider, announced today that it commenced a voluntary proceeding under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on April 6, 2023, to holders of allowed claims against LBHI. LBHI's aggregate twenty-sixth distribution...

Avaya Holdings Corp. ("Avaya" or the "Company"), a global leader in solutions to enhance and simplify communications and collaboration, today announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company's...

Diamond Sports Group, LLC ("DSG," "Diamond," or the "Company") announced that the Company is finalizing a Restructuring Support Agreement ("RSA") with holders of a majority of the Company's debt and Sinclair Broadcast Group, Inc. ("Sinclair") to...

On January 26, 2023, Acerus Pharmaceuticals Corporation and certain of its subsidiaries (collectively, "Acerus") were granted protection pursuant to an order (the "Initial Order") issued under the Companies' Creditors Arrangement Act (the "CCAA...

HyreCar ("HyreCar" or the "Company"), today announced that it filed with the United States Bankruptcy Court in Delaware (the "Court") Case No. 23-10259, a motion to conduct an auction to sell substantially all of its assets under Section 363 of the...

Arctic Glacier Income Fund (the "Fund") is providing a default status report, in accordance with the alternative information guidelines set out in National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("National Policy...

LexaGene Holdings, Inc.,  ("LexaGene" or the "Company"), announces that it has ceased operations, laid off its staff, and, together with its direct subsidiary LexaGene, Inc., and its indirect subsidiary Bionomics Diagnostics, Inc., filed a voluntary...

Starry Group Holdings, Inc., a licensed fixed wireless technology developer and internet service provider, and its U.S. affiliates and subsidiaries (the "Company" or "Starry") today announced that they have filed voluntary petitions for relief under...

Three Valley Copper Corp. ("Three Valley Copper", "TVC" or the "Company") today announced that Minera Tres Valles SpA ("MTV"), the Company's 95.1% Chilean copper mining subsidiary, has received from the Civil Courts of Santiago, the declaration of...

Avaya Holdings Corp. ("Avaya" or the "Company"), a global leader in solutions to enhance and simplify communications and collaboration, today announced that it has entered into a Restructuring Support Agreement (the "Financial Restructuring") with...

Tuesday Morning Corp. ("Tuesday Morning" or the "Company"), a leading off-price retailer of home goods and décor, today announced that it is pursuing a financial and operational reorganization to enable the Company to reduce its outstanding...

Aruze Gaming (Aruze), a leading developer of gambling entertainment solutions for the global casino market, today announced it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State...

Invacare Corporation ("Invacare" or "the company"), a leading manufacturer and distributor of medical equipment used in non-acute care settings, today announced actions to strengthen the company and position it for long-term success. To facilitate...

Canadian Association of University Teachers - Laurentian University filed for insolvency protection under the Companies' Creditors Arrangement Act (CCAA) on February 1, 2021. Two years later ? after job losses, program cuts, and plummeting enrollment...

Acerus Pharmaceuticals Corporation (the "Company" or "Acerus") today announced that the Company and its subsidiaries, Acerus Biopharma Inc., Acerus Labs Inc. and Acerus Pharmaceuticals USA, LLC (collectively, the "Acerus Group"), have received an...

The New York Stock Exchange LLC ("NYSE" or "Exchange") announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the two securities enumerated below ("Securities") of Rockley Photonics Holdings Limited (the...

Serta Simmons Bedding, LLC ("SSB" or the "company"), one of the leading global sleep companies, today 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...

Genesis Global Holdco, LLC ("Genesis" "GGH" or the "company") today announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of New York (the "court") for all the first day motions related to its Chapter 11...

The Limestone Boat Company Limited ("Limestone" or the "Company") ? announces today that its wholly-owned subsidiaries Ebbtide Holdings, LLC, doing business as "TN Composites" ("TN Composites") and Limestone US Inc. ("Limestone US" and collectively...

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

SFJ Pharmaceuticals ("SFJ" or the "company") today announced the closing of the sale and transfer of assets related to Bentracimab from PhaseBio Pharmaceuticals, Inc. ("PhaseBio") to SFJ. The sale and transfer was approved on December 31, 2022 by the...

Quanergy Systems, Inc. ("Quanergy" or the "Company"), a leading provider of LiDAR sensors and smart 3D solutions, today announced that the Company initiated an orderly sale process for its business. To facilitate the sale and maximize value, the...

Clovis Oncology, Inc. ("Clovis" or the Company"), a biopharmaceutical company focused on acquiring, developing, and commercializing innovative anti-cancer agents in the U.S., Europe, and additional international markets, today announced that it and...

BlockFi Inc. and eight of its affiliates ("BlockFi" or "the Company") today 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...

Statement from Elizabeth Rossiello, CEO and founder of AZA Finance, on the FTX Chapter 11 Bankruptcy filing: "I was shocked and disappointed to see that FTX named BTC Africa S.A. and other AZA Finance entities in its Chapter 11 bankruptcy filing...