News by subject: BANKRUPTCY

Purdue Pharma L.P. today announced preliminary voting results that show overwhelming support for its chapter 11 plan of reorganization ("The Plan"). More than 95% of the 120,000-plus votes submitted were in favor of confirmation. Out of almost 5,000...

Limetree Bay Refining, LLC and several of its affiliates (collectively, "Limetree Bay" or the "Company") today announced that Limetree Bay has filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy...

BBX Capital, Inc. (PINK: BBXIB) ("BBX Capital" or the "Company") announced today that IT'SUGAR LLC and its wholly owned subsidiaries (collectively, "IT'SUGAR") have emerged from bankruptcy and BBX Capital has reacquired control of IT'SUGAR and will...

BBX Capital, Inc. (PINK: BBXIB) ("BBX Capital" or the "Company") announced today that, on June 11, 2021, the United States Bankruptcy Court for the Southern District of Florida (the "Bankruptcy Court") announced its intention to enter an order (the...

Washington Prime Group Inc. today 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...

DAVIDsTEA Inc. ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, is pleased to announce that its Plan of Arrangement under the Companies' Creditors Arrangement Act ("CCAA") was approved today by the requisite majorities of...

Purdue Pharma L.P. today announced that the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") has approved, among other things, the adequacy of Purdue's disclosure statement (the "Disclosure Statement")...

Gulfport Energy Corporation (the "Company" and together with its wholly owned subsidiaries, "Gulfport") today announced that it has successfully completed its restructuring process and emerged from chapter 11 protection. As contemplated by...

Garrett Motion Inc. ("Garrett") today announced it has emerged from its pending Chapter 11 cases, successfully completing the restructuring process and implementing the Plan of Reorganization ("Plan") that was confirmed by the U.S. Bankruptcy Court...

Garrett Motion Inc. ("Garrett") today announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed the Company's Plan of Reorganization ("Plan"), positioning Garrett to complete the implementation of the Plan, led by...

Fresh Acquisitions, LLC which operates Furr's Fresh Buffet©, and several of its affiliates including Buffets LLC and its subsidiaries, which operate Ryan's©, Old Country Buffet©, Tahoe Joes Famous Steakhouse©, and Hometown Buffet©, filed for Chapter...

Frontier Communications Corporation ("Frontier Communications") today 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...

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 and renewable energy options to customers, announced today that the...

Christopher & Banks Corporation , a former specialty women's apparel retailer, today announced that it has filed a Form 15 with the U.S. Securities and Exchange Commission to voluntarily deregister its common stock. The Company is eligible to...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on April 1, 2021 to holders of allowed claims against LBHI and its various affiliated Debtors...

Purdue Pharma L.P. today filed a Chapter 11 plan of reorganization (the Plan) and a related disclosure statement in the United States Bankruptcy Court for the Southern District of New York. True to the vision articulated at the outset of the Chapter...

Garrett Motion Inc. ("Garrett") today 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...

All Services to customers across Company's North American operations continue without interruption; no impact on customers' bills, employees or daily operations expectedFilings and associated US$125 million Debtor in Possession ("DIP") financing...

Pacific Gas and Electric Company (PG&E) today issued the following statement in response to a draft resolution released by the California Public Utilities Commission (CPUC): Today, the CPUC issued a draft resolution proposing to place PG&E into step...

Ruby Tuesday today announces its successful emergence from bankruptcy. A Delaware bankruptcy judge confirmed the casual dining restaurant chain's Chapter 11 plan of reorganization on February 17. The company had sought bankruptcy protection on...

Major holders of Puerto Rico's General Obligation ("GO") and Public Buildings Authority ("PBA") bonds ? including the Ad Hoc Group of Constitutional Debtholders, Ad Hoc Group of GO Bondholders, Lawful Constitutional Debt Coalition and QTCB Noteholder...

Solstice Marketing Concepts LLC, ("Solstice") the second-largest retailer of sunglasses in the U.S., today announced that it has filed a voluntary Chapter 11 petition for relief in the United States Bankruptcy Court for the Southern District of New...

Country Fresh Holding LP ("Country Fresh" or the "Company") announced today that its Canadian subsidiaries, Sun Rich Fresh Foods Inc., Tiffany Gate Foods Inc. and TGF Acquisition Parent Ltd. have filed for protection under the Companies' Creditors...

Country Freshtm, a leading fresh-cut fruit, vegetable, and snacking solutions provider, filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court (the "Court") for the Southern District of...

Intelsat S.A. , operator of the world's largest and most advanced satellite fleet and connectivity infrastructure, today announced that it has obtained the support of key creditor constituencies on the terms of a comprehensive financial restructuring...

Superior Energy Services ("Superior" or the "Company") announced today that the Company has successfully completed its financial restructuring and emerged from Chapter 11, implementing the Plan of Reorganization that was confirmed by the U.S....

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...

NPC International, Inc. ("NPC" or the "Company") announced today that it has achieved approval from the U.S. Bankruptcy Court for the Southern District of Texas (the "Court") on its Second Amended Joint Chapter 11 Plan (the "Plan"). The Plan is...

Zargon Oil & Gas Ltd. ("Zargon" or the "Corporation") announces that it has completed certain transactions contemplated by a Bankruptcy and Insolvency Act (Canada) proposal (the "Proposal") filed by Zargon, Zargon Oil & Gas Partnership ("Zargon...

Nabis Holdings Inc. (FRA: A2PL) ("Nabis" or the "Company") today announced that it has completed its previously announced proposal (the "Proposal") under the Bankruptcy and Insolvency Act (Canada), pursuant to which the Company implemented a...

NEO is pleased to announce it has granted final approval to Routemaster Capital Inc. ("Routemaster" or the "Company"), a Canadian decentralized finance company, to graduate to the NEO Exchange following a voluntary delisting from the TSX Venture...

Superior Energy Services ("Superior" or the "Company") announced today that the U.S. Bankruptcy Court for the Southern District of Texas confirmed its Plan of Reorganization, whereby the Company's $1.3 billion in debt would be converted into equity...

Frontier Communications Corporation ("Frontier Communications") announced today that it has secured approval from the Federal Communications Commission (FCC) for its Chapter 11 restructuring. Frontier now has regulatory approvals, or favorable...

Christopher & Banks Corporation , a specialty women's apparel retailer, today 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...

EZconn Corporation recently defeated a patent challenge brought by PCT International, Inc., a former customer with whom EZconn has done no business since March 2014. In an April 2019 press release, PCT noted that it had filed an action with the...

Garrett Motion Inc. ("Garrett" or the "Company") today announced it has selected an enhanced proposal from a consortium of stockholders led by Centerbridge Partners, L.P. ("Centerbridge") and funds managed by Oaktree Capital Management, L.P....

Global Cloud Xchange ("GCX" or the "Company") today announced that effective 31 December 2020, the Company's remaining U.S. regulated businesses and non-U.S. entities have successfully emerged from the Chapter 11 bankruptcy process following receipt...

Pacific Drilling S.A. (the "Company") announced today that the Company and each of its debtor affiliates have emerged from the Chapter 11 process, signaling the successful completion of the Company's balance-sheet restructuring and the implementation...

24 Hour Fitness (the "Company"), a fitness industry leader for over 35 years, today announced its emergence from chapter 11 protection. The Company has successfully completed its financial restructuring process and has implemented the plan of...

Gordon Brothers (through its Canadian division, Gordon Brothers Canada ULC) and Hilco Global (through its Canadian division, Merchant Retail Solutions, ULC) (collectively, the "JV Group") announced the start of going-out-of-business sales at all Le...

Pacific Drilling S.A. announced today that the United States Bankruptcy Court for the Southern District of Texas confirmed the First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of...

Guitar Center, Inc. ("Guitar Center") today announced that it has emerged from bankruptcy following the successful consummation of its plan of reorganization (the "Plan") under chapter 11 of the U.S. Bankruptcy Code. The Plan, which was confirmed on...

The U.S. Bankruptcy Court for the District of Delaware late yesterday confirmed the plan of reorganization (the "Plan") for 24 Hour Fitness (the "Company"), a fitness industry leader for over 35 years. With this confirmation of the plan, 24 Hour...

Guitar Center, Inc. ("Guitar Center" or the "Company"), the world's leading musical instrument retailer, announced today that the United States Bankruptcy Court for the Eastern District of Virginia has confirmed the Company's Plan of Reorganization...

Pacific Drilling S.A. announced today the final voting results on the First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the "Plan"). The voting results...

Guitar Center, Inc. (the "Company") today announced that its indirect wholly owned subsidiary Guitar Center Escrow Issuer II, Inc. (the "Issuer") has priced $350 million in aggregate principal amount of 8.500% senior secured notes due 2026 at an...

JCPenney today announced that it has completed its previously announced sale, under which Simon Property Group ("Simon") and Brookfield Asset Management, Inc. ("Brookfield") have acquired substantially all of JCPenney's retail and operating assets...

Guitar Center, Inc. (the "Company") today announced that its indirect wholly owned subsidiary Guitar Center Escrow Issuer II, Inc. (the "Issuer") intends to offer, subject to market conditions and other considerations, $335 million in aggregate...

Superior Energy Services ("Superior" or the "Company") announced today 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...

Lonestar Resources US Inc. (the "Company" or "Lonestar") today announced that effective November 30, 2020, the Company has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, having satisfied all of the...