News by subject: BANKRUPTCY

LT Smile Corporation, along with its subsidiaries Benevis Holding Corporation, Benevis Corporation, Benevis, LLC, Benevis Affiliates, LLC and Benevis Informatics LLC ("Benevis" and "Company"), announced that it has filed voluntary petitions for...

Tailored Brands, Inc. and certain of its subsidiaries (collectively "Tailored Brands" or the "Company") today announced that it has entered into a restructuring support agreement ("RSA") with more than 75% of its senior lenders. The RSA outlines...

Mood Media, the world's leading on-premise and connected media solutions company dedicated to elevating the Customer Experience, today announced that it has taken the next step to implement the "prepackaged" financial restructuring plan that will...

California Pizza Kitchen ("CPK") today announced that it has entered into a restructuring support agreement with its first lien lenders (the "Agreement") that will equitize the vast majority of CPK's long term debt. In order to implement this...

APC Automotive Technologies, LLC, together with certain of its subsidiaries, ("APC" or the "Company"), today announced that it has successfully implemented the debt restructuring set out in the Restructuring Support Agreement with its asset-based...

California Resources Corporation announced today that it has entered into an amended and restated Restructuring Support Agreement with approximately 85% of the holders of its term loans due 2017 and 68% of the holders of its unsecured and deficiency...

Brooks Brothers (the "Company"), America's oldest apparel company, today announced that it has filed a motion in the United States Bankruptcy Court for the District of Delaware to obtain court approval of an asset purchase agreement with stalking...

California Resources Corporation (the "Company" or "CRC"), an independent California-based oil and natural gas exploration and production company, today announced it has entered into a Restructuring Support Agreement ("RSA") with holders of...

RTW Retailwinds, Inc. [OTC PINK:RTWI], an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, today announced that it and its subsidiaries (collectively, the "Company") have filed voluntary petitions for relief...

Emergence from Chapter 11   At a hearing on June 30, 2020, the U.S. Bankruptcy Court for the Southern District of New York confirmed the joint Plan of Reorganization (the "Plan") of Seabras 1 USA, LLC and Seabras 1 Bermuda Ltd. (the...

Sur La Table ("the Company"), the leading retail destination since 1972 for those passionate about cooking and entertaining, today announced that it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy...

Brooks Brothers, America's oldest apparel company, today 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...

Emergence from Chapter 11 At a hearing on June 30, 2020, the U.S. Bankruptcy Court for the Southern District of New York confirmed the joint Plan of Reorganization (the "Plan") of Seabras 1 USA, LLC and Seabras 1 Bermuda Ltd. (the "Companies").  On...

Quorum Health Corporation has successfully completed its financial restructuring and emerged from the Chapter 11 process in U.S. Bankruptcy Court for the District of Delaware. The Company announced the appointment of veteran health care executive...

Endologix, Inc. ("Endologix" or "the Company"), a developer and marketer of innovative treatments for aortic disorders, today announced that, after evaluating a variety of strategic options, it has initiated a voluntary Chapter 11 case and...

Faraday Future (FF), a California-based global shared intelligent mobility company, officially confirmed the bankruptcy reorganization procedures of its founder and CPUO (Chief Product and User Ecosystem Officer), YT Jia (YT), have been completed....

PG&E Corporation (the "Corporation") and Pacific Gas and Electric Company (the "Utility," together "PG&E") announced today that PG&E has emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E's Plan of...

Foresight Energy LP ("Old Foresight") announced today that it has consummated its chapter 11 plan of reorganization (the "Plan"). In connection with consummation of the Plan on June 30, 2020 (the "Effective Date"), all of Old Foresight's assets...

Quorum Health Corporation (the "Company") has received Court approval of its prepackaged plan to recapitalize the business. The decision paves the way for the Company to complete its financial reorganization and successfully emerge from Chapter 11....

Crestwood Equity Partners LP ("Crestwood") announced today that Chesapeake Energy ("Chesapeake"), a customer in the Powder River Basin and northeast Marcellus, has filed for protection under Chapter 11 of the U.S. bankruptcy code. Crestwood has...

Mood Media, the world's leading on-premise and connected media solutions company dedicated to elevating the Customer Experience, today announced that it has entered into a comprehensive Restructuring Support Agreement (the "RSA") with certain of its...

Windstream Holdings, Inc., a leading provider of advanced network communications and technology solutions, today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has confirmed the Company's Plan of...

Foresight Energy LP ("Foresight") announced today that the United States Bankruptcy Court for the Eastern District of Missouri has issued an order confirming Foresight's chapter 11 plan of reorganization (the "Plan"). The Plan provides for the...

Jason Industries, Inc. ("Jason" or the "Company") today announced that it is taking two important steps in its previously announced comprehensive restructuring plan that, once completed, will deleverage the Company's balance sheet by $250 million....

Following the formal confirmation of the company's Plan of Reorganization ("Plan of Reorganization") by the United States Bankruptcy Court yesterday, PG&E Corporation (the "Corporation") and Pacific Gas and Electric Company (the "Utility," together...

PG&E Corporation and Pacific Gas and Electric Company (together "PG&E") announced today that the United States Bankruptcy Court for the Northern District of California has confirmed the company's Chapter 11 Plan of Reorganization (the Plan). This...

As previously announced, PG&E Corporation currently expects to pursue underwritten public offerings of common stock and equity units as part of its plan to fund its emergence from Chapter 11, subject to market conditions. The expected $5.75 billion...

Arizona Bankruptcy Judge Paul Sala issued an order declaring that PCT International, Inc. (PCT) is eligible to participate in the U.S. Paycheck Protection Program. SBA had sought to exclude PCT and other companies reorganizing in Chapter 11 from...

Aradigm Corporation ("Aradigm" or the "Company") announced on June 12, 2020, the Bankruptcy Court entered an order confirming the Debtor's Modified Combined Chapter 11 Plan and Disclosure Statement (the "Combined Plan") filed by Aradigm Corporation...

24 Hour Fitness (the "Company"), 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....

In connection with its expected emergence from Chapter 11, PG&E Corporation ("PG&E") today announced the selection of a new Board of Directors upon emergence to help guide the company post-bankruptcy. The new Board will consist of 14 members, 11 of...

PCT has filed its reorganization plan in the U.S. Bankruptcy Court. PCT has the full support of its supply chain partners and lenders, allowing it to continue to serve its domestic and international customers. Additional capital contributions from...

PG&E Corporation today announced that it currently expects to pursue underwritten public offerings of common stock and equity units as part of its plan to fund its emergence from Chapter 11, subject to market conditions. The expected $5.75 billion of...

Jason Industries, Inc. ("Jason" or the "Company") today announced that it has entered into a restructuring support agreement (the "Agreement") with certain of its senior secured lenders. The Agreement outlines a comprehensive restructuring plan that...

Comark Holdings Inc. and its subsidiaries ("Comark" or the "Company"), a leading specialty fashion retailer serving customers through its Ricki's, cleo and Bootlegger banners, announced today that they have obtained protection from their creditors...

GenCanna Global USA, Inc. ("GCG" or the "Company") today announced that it has received approval from the United States Bankruptcy Court for the Eastern District of Kentucky to sell substantially all of its assets to funds managed by its long-term...

Pier 1 Imports, Inc. ("Pier 1" or the "Company") today announced that it has received approval from the U.S. Bankruptcy Court for the Eastern District of Virginia for the Company's planned wind-down of operations. Pier 1 intends to initiate store...

Pier 1 Imports, Inc. ("Pier 1" or the "Company") announced that there will be a Bankruptcy Court hearing today, May 29, 2020 at 11:00 AM Eastern Time to seek approval for the Company's planned wind-down of operations. Interested parties may access...

Today, the California Public Utilities Commission (CPUC) approved the Chapter 11 Plan of Reorganization (the Plan) of PG&E Corporation and Pacific Gas and Electric Company (together, PG&E). The CPUC approval in its Plan of Reorganization Order...

ENTREC Corporation ("ENTREC" or the "Company") has announced that it has obtained an order (the "Stay Extension Order") from the Court of Queen's Bench of Alberta (the "Court") in support of its restructuring efforts under the Companies' Creditors...

PG&E Corporation announced today the final voting results on PG&E Corporation and Pacific Gas and Electric Company's joint Chapter 11 Plan of Reorganization (the "Plan") as certified by Prime Clerk, PG&E's court-authorized solicitation and balloting...

Centric Brands Inc. (the "Company") , a leading lifestyle brands collective, announced today that on May 18, 2020, it received notification from The Nasdaq Stock Market LLC ("Nasdaq"), that due to the Company's voluntary filing under Chapter 11 of...

Faraday Future (FF), a California-based global intelligent mobility company, today announced that the United States Bankruptcy Court for the Central District of California entered an order officially on May 21st confirming the chapter 11...

Green Growth Brands Inc. announced today that it and certain of its direct and indirect wholly owned subsidiaries (collectively "GGB", the "Company" or the "Applicants") have filed for insolvency protection under the Companies' Creditors...

NOTICE IS HEREBY GIVEN that William A. Brandt, Jr. of Development Specialists, Inc. ("DSI"), as chapter 11 Trustee of San Luis & Rio Grande Railroad, Inc. ("SLRG") is selling SLRG's 100% Membership Interest in its wholly-owned subsidiary...

Marquee Brands LLC, a leading global brand owner, marketing and media company, announced today that it will take back the BCBGMAXAZRIA and BCBGeneration licenses from Centric Brands following their bankruptcy filing. Marquee Brands will continue...

PG&E Corporation announced today the preliminary voting results on PG&E Corporation and Pacific Gas and Electric Company's joint Plan of Reorganization (the "Plan"), which indicate overwhelming acceptance of the Plan by the wildfire victims entitled...

Centric Brands Inc. (the "Company") , a leading lifestyle brands collective, announced today that it has entered into a Restructuring Support Agreement ("RSA" or the "agreement") with substantially all of the Company's secured lenders, led by certain...

J. C. Penney Company, Inc. today announced that it has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, TX (the "Court") for the "First Day" motions related to the Company's voluntary Chapter...

Foresight Energy LP ("Foresight" or the "Partnership") today reported financial and operating results for the first quarter ended March 31, 2020. Foresight generated quarterly coal sales revenues of $99.1 million on sales volumes of 3.2 million...