News by subject: BANKRUPTCY

Sungard Availability Services ("Sungard AS") today announced the successful completion of the previously announced Asset Purchase Agreements (APAs) with 11:11 Systems ("11:11") and 365 Data Centers ("365"). 11:11, a managed infrastructure solutions...

Just Energy Group Inc. ("Just Energy" or the "Company") (NEX:JE.H; OTC:JENGQ), a retail provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today...

PhaseBio Pharmaceuticals, Inc. , a clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapies for cardiovascular diseases, today announced that it has elected to file a voluntary petition under...

GetSwift Technologies Limited ("GetSwift" or the "Company"; NEO: "GSW"), a leading provider of last mile SaaS logistics technology and services, today announced that the sale process in respect of the Company's assets has been completed in accordance...

Clearford Water Systems Inc. (NEX:CLI.H) ("Clearford" or the "Corporation") announces that on October 7, 2022 (the "Proposed Effective Date") it intends to complete certain transactions contemplated by a Bankruptcy and Insolvency Act (Canada) (the...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on October 6, 2022, to holders of allowed claims against LBHI. LBHI's aggregate twenty-fifth...

Carestream Health ("Carestream" or the "Company") today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has confirmed the Company's "prepackaged" restructuring plan. The Company expects to successfully...

Cineworld Group plc and its subsidiaries (the "Group") (LSE: CINE), a leading cinema operator in 10 countries, including the United States and the United Kingdom, with 747 sites and 9,139 screens globally, today announced that Cineworld and certain...

Cineworld Group plc and its subsidiaries (the "Group") (LSE: CINE), a leading cinema operator in 10 countries including the United States and the United Kingdom with 747 sites and 9,139 screens globally, today announced that Cineworld and certain of...

The Pajaro Valley Health Care District Hospital Corporation ("the District") today announced that it has acquired Watsonville Community Hospital ("the Hospital") following the largest community fundraising campaign in the history of Santa Cruz...

Lumileds Holding B.V. ("Lumileds" or the "Company"), a global leader in innovative lighting solutions, announced today that it has received interim approval from the U.S. Bankruptcy Court for the Southern District of New York (the "Court") for all...

Carestream Health ("Carestream" or the "Company") announced it is taking the planned next step to implement the previously announced recapitalization process with its lenders by voluntarily filing for reorganization under Chapter 11 of the United...

GetSwift Technologies Limited ("GetSwift" or the "Company"; NEO: "GSW"), a leading provider of last mile SaaS logistics technology and services, today announced that all of the First Day Orders sought by the Company in its Subchapter V filing within...

Just Energy Group Inc. ("Just Energy" or the "Company") (NEX:JE.H; OTC:JENGQ), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today...

Celsius Network ("Celsius" or "the Company") today announced that it initiated voluntary Chapter 11 proceedings to provide the Company with the opportunity to stabilize its business and consummate a comprehensive restructuring transaction that...

Woodbridge Liquidation Trust (the "Trust") announced that its Liquidation Trustee, with the approval of the Trust's Supervisory Board, has declared an aggregate cash distribution of $65 million on the Trust's Class A Liquidation Trust Interests (the...

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

BC Craft Supply Co. Ltd. (the "Company") is pleased to announce that the British Columbia Supreme Court (the "Court") approved the Company's proposal to its creditors as amended (the "Proposal") under the Bankruptcy and Insolvency Act (Canada)...

Today, Cypress Environmental Partners, L.P. ("Cypress" or the "Company") announced that it filed for Chapter 11 bankruptcy protection and reached a restructuring support agreement with its priority senior secured lender, an affiliate of Argonaut...

Today, Cypress Environmental Partners, L.P. ("Cypress" or the "Company") announced the next step in its previously announced plan to pursue a court-supervised restructuring. On May 8, 2022, Cypress entered into a Restructuring Support Agreement (the...

Avianca Holdings S.A. ("AVH" or the "Company") informs that on March 25, 2022, at a shareholders' meeting held at the Westin Hotel, Costa Del Este, Panama City, Panama, the Company's shareholders approved the dissolution and, subsequently, in...

EYP ("the Company"), an interdisciplinary design firm specializing in the higher education, healthcare, government, and science and technology sectors, announced today that it has reached an agreement through which Ault Alliance, Inc. ("Ault"), would...

BC Craft Supply Co. Ltd. ("CRFT" or the "Company") announces today that it has filed a proposal (the "Proposal") pursuant to the Bankruptcy and Insolvency Act (Canada) (the "BIA") with the Official Receiver, with Crowe MacKay & Company Ltd acting as...

According to a research report "Cryptocurrency Market with impact of COVID-19 by Offering (Hardware, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and...

MD Helicopters, Inc. ("MD" or "the Company") today announced that it has entered into an Asset Purchase Agreement with a creditor consortium led by Bardin Hill and MBIA Insurance Corporation (the "Creditor Consortium"). The Creditor Consortium will...

The National Association of Chapter 13 Trustees (NACTT) and its members support Senate bill S. 3823, the Bankruptcy Threshold Adjustment and Technical Corrections Act, as a proactive step towards making bankruptcy an equitable solution as more...

Buyk, the real-time retail grocery delivery service that launched in New York City and Chicago in 2021, has filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New...

Force Ten Partners LLC (Force 10) announced today that it has helped secure bankruptcy court approval of the sale of Watsonville Community Hospital to the Pajaro Valley Healthcare District Project (PVHDP) and position the hospital for a financial and...

Just Energy Group Inc. ("Just Energy" or the "Company") , a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions, carbon offsets and renewable energy options to customers, announced...

BC Craft Supply Co. Ltd., ("CRFT" or collectively, the "Company"), today announced that it has filed a Notice of Intention ("NOI") to make a Proposal under the Bankruptcy & Insolvency Act (Canada) (the "BIA"). The filing of the NOI has the effect...

Invictus Global Management, LLC, which collectively with its affiliates is a sizable creditor in the bankruptcy of Grupo Aeroméxico, S.A.B. de C.V. and a shareholder of Delta Air Lines, Inc. , today released a letter sent to the following Delta...

Purdue Pharma L.P. today announced its intent to appeal today's ruling by the United States District Court for the Southern District of New York, which vacated the Bankruptcy Court's September 2021 order confirming its chapter 11 plan of...

Watsonville Community Hospital filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code on Dec. 5 as part of a plan to sell the Hospital and provide much needed capital to strengthen the hospital and best position it to continue...

Watsonville Community Hospital has reached a preliminary agreement to sell its operations to a new healthcare district sponsored by the Pajaro Valley Healthcare District Project (PVHDP) to secure the hospital's future and continue its role as a...

Invictus Global Management, LLC and Corvid Peak Capital Management, sizable creditors in the bankruptcy of Grupo Aeroméxico, S.A.B. de C.V., today sent the below letter to the boards of directors of Delta Air Lines, Inc. and Apollo Global Management,...

Riverbed Technology ("Riverbed" or the "Company") today announced that it has taken the next steps in its recapitalization, voluntarily commencing Chapter 11 cases to implement its "prepackaged" financial restructuring plan to reduce the Company's...

Chet Morrison Contractors, LLC (Morrison), a leading energy service company for the oil and gas industry, announces the successful completion of a total field decommissioning campaign, satisfying the requirements of the U.S. Bankruptcy Court, Chapter...

With the full support of its customers, vendors, and the Arizona Bankruptcy Court, PCT International has emerged from Chapter 11 with a stronger organization. The robust balance sheet with newly developed products and world-class support continues to...

CBL Properties today announced that it 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...

GTT Communications, Inc., "GTT" or "the Company," a leading global cloud networking provider to multinational clients, announced today that the Company and certain of its direct and indirect subsidiaries have commenced prepackaged chapter 11 cases in...

CBL Properties today announced that following its planned emergence from the Chapter 11 restructuring process on November 1, 2021, the common stock of the newly reorganized company is expected to commence trading on the New York Stock Exchange . CBL...

CBL Properties today announced members of the Board of Directors selected to serve following its emergence from Chapter 11 on November 1st. Jonathan Heller, Partner and head of the New York office of Canyon Partners, who joined the CBL Board on...

Washington Prime Group Inc. ("WPG" or the "Company") today announced that it and each of its debtor affiliates have emerged from the Chapter 11 process, signifying the successful completion of the Company's financial restructuring and the...

Philippine Airlines Inc. (PAL) announced today that it received U.S. court approval on a final basis to access its debtor-in-possession ("DIP") financing totaling US$505 million, a core feature of the flag carrier's restructuring plan. "This...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on October 7, 2021 to holders of allowed claims against LBHI, excluding certain creditors that will...

Philippine Airlines Inc. (PAL) announced today that the United States Chapter 11 court approved all "First Day" motions on an interim or final basis for PAL's voluntary restructuring following petitions filed on September 3, 2021. These approvals...

The United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") today approved the Purdue Pharma L.P. chapter 11 plan of reorganization (the "Plan"). The Plan received overwhelming support from more than 95% of...

Intelsat S.A. , operator of the world's largest and most advanced integrated satellite and terrestrial network, today announced that it has achieved the support of key creditor groups across the capital structure on the terms of a comprehensive...

CBL Properties today announced that on August 11, 2021, the United States Bankruptcy Court for the Southern District of Texas entered an order approving the Company's Plan of Reorganization (the "Plan"). As previously announced, on November 1, 2020,...

GBG USA Inc., an indirect wholly-owned subsidiary of Global Brands Group Holding Limited (the "Group"), today announced that the North America wholesale business and certain subsidiaries and affiliates (together "GBG USA") have commenced voluntary...