News by subject: BANKRUPTCY

Bumble Bee Foods, one of North America's largest branded shelf-stable seafood companies, announced today that it has entered into an asset purchase agreement with affiliates of FCF Co., Ltd., which has agreed to acquire the company's assets for...

DURA Automotive Systems, LLC ("DURA" or the "Company"), a leading global automotive supplier specializing in the design, engineering, and manufacturing of automotive mobility products, including parts and systems to support the industry's shift to...

Approach Resources Inc. announced today that it, along with all of its subsidiaries, has commenced a voluntary Chapter 11 case in the United States Bankruptcy Court for the Southern District of Texas (Houston Division) to explore strategic...

Friendly's® Restaurants has issued the following statement about the Dean Foods bankruptcy filing: "FIC Restaurants, Inc., which owns and operates Friendly's restaurants, is an entirely separate entity apart from Dean Foods. They do not share...

Nuvectra Corporation ("Nuvectra" or the "Company"), a neurostimulation medical device company, today announced that it has elected to file a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in the U.S....

Today, PG&E Corporation and Pacific Gas and Electric Company (together "PG&E") are sharing that the Bankruptcy Court-approved deadline for fire claimants to file claims against PG&E has been extended to December 31 at 5:00 p.m. (Pacific Time). The...

Trakopolis IoT Corp. ("Trakopolis" or the "Company") announces that on November 7, 2019 it has proactively filed a Notice of Intention to Make a Proposal ("Notice of Intention") pursuant to the provisions of Part III of the Bankruptcy and Insolvency...

Global Cloud Xchange ("GCX" or the "Company") today announced that, after completing the initial phase of its previously announced sale process, the Company has decided that the best way to maximize value and position its businesses for long-term...

On October 29, 2019, Murray Energy Holdings Co. ("Murray Energy" or the "Company") announced that Murray Energy and certain of its subsidiaries entered into a Restructuring Support Agreement (the "RSA") with an ad hoc lender group (the "Ad Hoc Lender...

Stearns Holdings, LLC ("Stearns" or the "Company"), the parent company of Stearns Lending, LLC, a leading provider of residential mortgage lending services in Wholesale, Retail and Strategic Alliances sectors, today announced that the U.S. Bankruptcy...

Destination Maternity Corporation ("Destination Maternity" or the "Company"), the premier national retailer for maternity apparel and accessories, today announced that it and certain of its subsidiaries have filed voluntary petitions to restructure...

DURA Automotive Systems, LLC ("DURA" or the "Company"), a leading global automotive supplier specializing in the design, engineering, and manufacturing of automotive mobility products, including parts and systems to support the industry's shift to...

LBI Media, Inc. (with its affiliates, "LBI" or the "Company") today announced it has successfully completed its court-approved reorganization plan and emerged from the Chapter 11 process today, positioned for long-term growth and success. With...

Agera Energy and its affiliates have filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court, Southern District of New York and is facilitating an asset sale to Constellation, a subsidiary of Exelon Corporation , subject to...

Forever 21, Inc., (the "Company") today announced that it and its U.S. subsidiaries have commenced voluntary chapter 11 cases in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The Company also announced that...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on October 3, 2019 to holders of allowed claims against LBHI and its various affiliated Debtors...

"Like families across America, we have deep compassion for the victims of the opioid crisis and believe the settlement framework?now supported by the attorneys general of 29 states and territories and the plaintiffs' steering committee representing...

Purdue Pharma L.P. today announced that it has reached an agreement in principle on a framework for settling the U.S. opioid litigation facing the Company with 24 state attorneys general, analogous officials from 5 U.S. territories, the Plaintiffs'...

Today, the Ad Hoc Subrogation Group announced an agreement in principle with PG&E Corporation and Pacific Gas and Electric (together, "PG&E") in connection with PG&E's ongoing chapter 11 bankruptcy case. The following is the group's statement: "The...

BELGRAVIA CAPITAL INTERNATIONAL INC. ("Belgravia" or the "Company") is pleased to provide a corporate update. Key Highlights Q2 Financial Statements Financial statements for the six-month period ended June 30, 2019 were filed on August 23, 2019....

PG&E Corporation and Pacific Gas and Electric Company (together "PG&E") today filed a joint Chapter 11 Plan of Reorganization (the "Plan") in the United States Bankruptcy Court for the Northern District of California (the...

RAIT Financial Trust ("RAIT") today announced that it has into entered into an Equity and Asset Purchase Agreement (the "Purchase Agreement") to sell substantially all of its assets to an entity owned by funds managed by affiliates of Fortress...

AVENUE Stores, LLC together and its affiliates ("AVENUE®", or "the Company"), the retailer of the AVENUE® brand of women's plus-size fashion apparel, footwear and accessories, today announced that the Company voluntarily filed for relief under...

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on July 18, 2019 to holders of allowed claims against LBHI and its various affiliated Debtors...

PG&E Corporation and Pacific Gas and Electric Company (the "Utility") today shared that the companies have commenced a broad, public noticing process to inform known and unknown creditors of the deadline and process for filing claims ahead of the...

Stearns Holdings, LLC ("Stearns" or the "Company"), the parent company of Stearns Lending, LLC, a leading provider of residential mortgage lending services in Wholesale, Retail and Strategic Alliances sectors, today announced that it has reached an...

PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company (the "Utility"), today announced that the U.S. Bankruptcy Court for the Northern District of California (the "Court") overseeing the company's Chapter 11 cases...

Hexion Inc. ("Hexion" or the "Company") today announced that the U.S. Bankruptcy Court for the District of Delaware ("the "Bankruptcy Court") has confirmed the Company's financial de-leveraging plan of reorganization (the "Plan"). Hexion expects to...

Pacific Gas and Electric Company (PG&E) has reached agreements to resolve the wildfire claims held by 18 local public entities (cities, counties, districts and public agencies) impacted by the 2015 Butte Fire, 2017 Northern...

Petrocapita Income Trust (the "Trust") announces that as of June 11, 2019, the Court of Queens Bench of Alberta has appointed Hudson and Company Insolvency Trustees Inc (the "Receiver") as Receiver and Manager of Petrocapita G.P. I Ltd and...

Hexion Inc. ("Hexion" or the "Company") today announced that the U.S. Bankruptcy Court for the District of Delaware ("the "Bankruptcy Court") has approved, among other things, the adequacy of the Company's Disclosure Statement...

Hollander Sleep Products, LLC, its parent Dream II Holdings, LLC, and certain of their direct and indirect subsidiaries (collectively, "Hollander" or the "Company"), the leading North American supplier of pillows and mattress...

Hexion Inc. ("Hexion" or the "Company") today announced that the U.S. Bankruptcy Court for the District of Delaware ("the "Bankruptcy Court") has approved the Company's assumption of the Restructuring Support Agreement ("RSA")....

EdgeMarc Energy Holdings, LLC ("EdgeMarc" or the "Company") today announced that it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware (the "Court"), together with its...

Cloud Peak Energy Inc. ("Cloud Peak Energy" or the "Company"), the only pure-play Powder River Basin ("PRB") coal company, announced today that the Company has received interim approvals from the U.S. Bankruptcy Court for the...

Cloud Peak Energy Inc. ("Cloud Peak Energy" or the "Company"), the only pure-play Powder River Basin ("PRB") coal company, announced today that it has filed voluntary petitions under Chapter 11 of the United States Bankruptcy...

iHeartMedia, Inc. ("iHeartMedia"), America's number one audio company, today announced that the Company has successfully completed its restructuring process. As a result of the comprehensive balance sheet restructuring,...

Petrocapita Income Trust ("Petrocapita" or the "Trust") announces that as of April 24, 2019, Petrocapita Oil and Gas L.P. was served an Obligation to Pay and a Default and Enforcement Notice by Safeway Holdings (Alberta) Ltd (the "Notice"). The...

CTI Foods ("CTI" or the "Company"), a leading custom foodservice manufacturer supplying the top U.S. restaurant chains and branded food companies, today announced that the U.S. Bankruptcy Court for the District of Delaware has...

LBI Media, Inc. and its affiliates ("LBI" or the "Company") today received approval of its Third Amended Plan of Reorganization (the "Plan") from the United States Bankruptcy Court for the District of Delaware. The Company now...

Aegean Marine Petroleum Network Inc. announced today that its plan of reorganization became effective and it has emerged from the voluntary Chapter 11 restructuring commenced on November 6, 2018. The company will now operate as...

Hexion Inc. ("Hexion" or the "Company") today announced that the Company has received approvals from the U.S. Bankruptcy Court for the District of Delaware for the "First Day" motions related to the voluntary Chapter 11 petitions...

Dundee Energy Limited (the "Corporation") announces today that it has filed an assignment for the benefit of creditors under the Bankruptcy and Insolvency Act, naming MNP Ltd. as bankruptcy trustee. All documentation in respect of the Corporation...

Aegean Marine Petroleum Network Inc. ("Aegean" or the "Company") announced today that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has confirmed its plan of reorganization (the "Plan"), subject...

CTI Foods ("CTI" or the "Company"), a leading custom foodservice manufacturer supplying the top U.S. restaurant chains and branded food companies, today announced that the Company has received approvals from the U.S. Bankruptcy...

Z Gallerie, LLC, ("Z Gallerie" or the "Company"), a leading retailer of home décor products, announced today that it has filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code in the United States...

CTI Foods ("CTI" or the "Company"), a leading custom foodservice manufacturer supplying the top U.S. restaurant chains and branded food companies, today announced that it has reached an agreement with the majority of its lenders...

Payless ShoeSource ("Payless" or the "Company") today announced that the Payless Board of Directors has authorized the Company to seek court approval of up to $25 million in debtor-in-possession ("DIP") financing, which will be...

Payless ShoeSource ("Payless" or the "Company") today announced that the U.S. Bankruptcy Court for the Eastern District of Missouri (the "U.S. Bankruptcy Court") has approved the Company's first day motions related to its...

Payless ShoeSource ("Payless" or the "Company") today announced that the Company and its North American subsidiaries have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code ("Chapter 11") in the U.S. Bankruptcy...