News by subject: BANKRUPTCY

J. C. Penney Company, Inc. today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Company's Plan of Reorganization (the "Plan") to create separate property holding companies ("PropCos")...

California Pizza Kitchen ("CPK") today 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, CPK completed a...

Feronia Inc. ("Feronia" or the "Company") announces that it has closed its previously announced third party sale and restructuring transaction. As previously reported, the Company initiated debtor in possession insolvency proceedings under the...

Williams today announced that it has reached a global resolution with Chesapeake as part of Chesapeake's Chapter 11 bankruptcy restructuring process. "Williams has strategically invested in large-scale and essential infrastructure necessary to...

Guitar Center, Inc. (the "Company"), the world's leading musical instrument retailer, announced today that it has taken the next step in implementing its financial restructuring plan (the "Plan") by filing voluntary petitions for reorganization...

iQor ("the Company"), a managed services provider of customer engagement and technology-enabled BPO solutions, announced today that the Company and each of its U.S. subsidiaries have emerged from Chapter 11 bankruptcy, signaling the completion of the...

FTS International, Inc. ("FTSI" or the "Company") today announced that it has successfully completed its fully consensual financial restructuring and has emerged from Chapter 11. Michael Doss, Chief Executive Officer, commented, "Today is an...

The Fire Victim Trust (FVT) would like to thank California Insurance Commissioner Ricardo Lara for responding to the FVT by formally requesting that Insurance Companies extend the time to allow Fire Victims to receive additional policy benefits...

Pacific Drilling S.A. announced today that it is commencing solicitation of votes on its proposed prearranged chapter 11 plan of reorganization. On November 10, the United States Bankruptcy Court for the Southern District of Texas?Houston Division...

NPC International, Inc. ("NPC" or the "Company") announced today that it has entered into a stalking horse asset purchase agreement (the "APA") with Flynn Restaurant Group LP through certain of its subsidiaries ("Flynn") and will seek approval of...

FTS International, Inc. ("FTSI" or the "Company"), today announced that the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division has confirmed its Prepackaged Plan of Reorganization (the "Confirmed Plan"). Under the terms of...

Pacific Drilling S.A. announced today that it has received notice from the New York Stock Exchange ("NYSE"), that as a result of the filing of its voluntary petition for reorganization (the "Plan of Reorganization") under Chapter 11 of the...

NGL Energy Partners LP (the "Partnership" "We" or "NGL") provides this update on certain bankruptcy proceedings related to a customer of its FERC regulated subsidiary Grand Mesa Pipeline, LLC ("Grand Mesa"). Extraction Oil & Gas, Inc. ("Extraction")...

CBL Properties today announced that CBL & Associates Properties, Inc., CBL & Associates Limited Partnership (the "Operating Partnership"), and certain other related entities have filed voluntary petitions for reorganization under Chapter 11 of the...

FIC Restaurants, Inc., the restaurant company operating under the iconic brand name Friendly's Restaurants ("Friendly's" or the "Company"), announced an agreement to sell substantially all of its assets to Amici Partners Group, LLC ("Amici"), an...

Pacific Drilling S.A. announced today that it and certain of its domestic and international subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the...

The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, issued a ruling today confirming California Pizza Kitchen ("CPK")'s Chapter 11 plan of reorganization. The consensual plan of reorganization is the culmination of months...

Shiloh Industries, Inc. (the "Company" or "Shiloh"), an environmentally focused global supplier of lightweighting, noise and vibration solutions, has completed the marketing process approved by the U.S. Bankruptcy Court for the District of Delaware...

J. C. Penney Company, Inc. today announced that it has entered into an asset purchase agreement ("APA") with Brookfield Asset Management, Inc ("Brookfield"), Simon Property Group ("Simon") and a majority of the Company's DIP and First Lien Lenders...

California Resources Corporation ("CRC" or the "Company") announced that it will today complete its financial restructuring and emerge from the bankruptcy process with a significantly stronger balance sheet. CRC's Joint Plan of Reorganization...

Garrett Motion Inc.?("Garrett") today announced that on Friday, October 23, 2020, it secured Court approval of bidding procedures for a competitive process to either sell the business of Garrett or raise equity capital for a stand-alone plan of...

The RENN Fund, Inc. (the "Fund") announced that it recently received proceeds of $181,735.77 from the bankruptcy case involving Petrohunter Energy Corporation ("Petrohunter"), a position in the Fund that has been valued at zero ($nil) since the...

J. C. Penney Company, Inc. today announced that it has filed a draft asset purchase agreement ("APA"), which tracks the terms of the previously announced letter of intent, to sell JCPenney. All parties are working to conclude negotiations and intend...

Iconic apparel brand True Religion successfully emerged from chapter 11 bankruptcy on October 19, 2020, under a court-approved plan of reorganization that significantly reduced the Company's debt and provides the Company with liquidity to execute...

Garrett Motion Inc. ("Garrett") today announced that it has received an improved stalking horse bid from KPS Capital Partners, LP ("KPS") with respect to a potential purchase of its business. The Company is continuing with its competitive bidding...

Jagged Peak Inc., a major U.S. distributor for the popular Nespresso brand, keeps the coffee flowing following its emergence from bankruptcy. Jagged Peak's national fulfillment business and cutting edge order management platform were sold in an...

YogaWorks, (the "Company"), one of the leading providers of authentic yoga instruction in the United States, announced today that it has voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court...

Ohio-based TradeGlobal LLC was expected to close its doors following its voluntary chapter 11 bankruptcy last year. Instead it has opened them wider than ever, with the company emerging under new ownership. Force 10 Partners, a premier operational...

Centric Brands LLC (the "Company"), a leading lifestyle brands collective, announced today that it has completed its financial restructuring and emerged from voluntary Chapter 11 proceedings, implementing the Company's Plan of Reorganization (the...

24 Hour Fitness (the "Company"), an industry-leading fitness brand for over 35 years, today announced that it has entered into a restructuring support agreement (the "RSA") with lenders beneficially holding approximately 73% of the Company's secured...

Ruby Tuesday announced today 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...

At a time when hospitals are hardest hit, needed most, and trying to survive through mergers that decimate staff and services, Thomas Health will emerge from bankruptcy with no reductions in patient care. The West Virginia-based nonprofit beat the...

Superior Energy Services ("Superior" or the "Company") announced today that it has entered into a restructuring support agreement (the "Restructuring Support Agreement") with a group of its senior noteholders (the "Ad Hoc Noteholder Group") that...

BBX Capital Corporation ("Parent") and its subsidiary, BBX Capital Florida LLC ("New BBX Capital"), announced today that their subsidiary, IT'SUGAR LLC and its subsidiaries ("IT'SUGAR"), has filed voluntary petitions under Chapter 11 of Title 11 of...

FTS International, Inc. ("FTSI" or the "Company") today announced that it has entered into a second amended and restated restructuring support agreement (the "RSA") with creditors holding approximately 87.55% of the principal amount outstanding of...

Garrett Motion Inc. ("Garrett" or the "Company") today announced that it has entered into an agreement with KPS Capital Partners, LP ("KPS") with respect to a potential purchase of its business and commenced voluntary Chapter 11 cases with the...

LSC Communications, Inc. ("LSC" or the "Company") today announced that the Company has entered into a stock and asset purchase agreement (the "Purchase Agreement") with an affiliate of Atlas Holdings LLC ("Atlas" or the "Purchaser") with the support...

iQor ("the Company"), a managed services provider of customer engagement and technology-enabled BPO solutions, announced today that iQor Holdings Inc. and each of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 of the U.S....

Zargon Oil & Gas Ltd. (the "Company" or "Zargon") announces that its board of directors has authorized the Company to file a Notice of Intention to Make a Proposal ("Notice of Intention") to its creditors under the provisions of Part III, Division I...

Shiloh Industries, Inc. (the "Company") an environmentally focused global supplier of lightweighting, noise and vibration solutions, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of Delaware for all...

Whiting Petroleum Corporation ("Whiting" or the "Company") today announced that it has successfully completed its financial restructuring and emerged from Chapter 11 protection. Whiting officially concluded its reorganization after completing all...

RTW Retailwinds, Inc. ("RTW" or the "Company") [OTC PINK:RTWIQ], an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, announced today that after a bankruptcy auction on Friday August 28, 2020 it has entered...

Shiloh Industries, Inc. (the "Company" or "Shiloh") an environmentally focused global supplier of lightweighting, noise and vibration solutions, announced today that it has entered into a stalking horse stock and asset purchase agreement with...

OTC Pink:JASNQ -- Jason Holdings Inc. ("Jason" or the "Company"), formerly Jason Industries Inc., announced today that the Company and its U.S. subsidiaries will emerge from Chapter 11 effective as of 11:59 pm today. This milestone will mark the...

Jason Industries ("Jason" 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"), clearing the way for Jason to successfully...

FTS International, Inc. ("FTSI" or the "Company") today announced that it has entered into a restructuring support agreement (the "Agreement") with approximately 75 percent of the holders of the Company's 6.250% senior secured notes due 2022 (the...

Alpha Guardian may be a leader in secure storage, but after its 2017 merger left the company in excess of $120 million in debt, it took the trusted bankruptcy experts lead by Nicholas Rubin of Force 10 Partners and Gregory Garman of Garman Turner...

Frontier Communications Corporation ("Frontier" or the "Company") today announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed the Company's Plan of Reorganization (the "Plan"), subject to final documentation....

NPC International, Inc. ("NPC" or the "Company") today announced that it has reached an agreement with Pizza Hut, whose parent company is Yum! Brands, Inc., on the optimization of its restaurant portfolio and that it will launch a sale process for...

Whiting Petroleum Corporation ("Whiting" or the "Company") today announced the expected appointment of Lynn Peterson, a 40-year oil and gas industry veteran, as Chief Executive Officer, effective as of the Company's anticipated emergence from...