Quantcast

Bankruptcy News


Can Student Loans Now Be Discharged In Bankruptcy?

Added June 18, 2018

Forbes reports that normally, student loans are not dischargeable. However, that may change.


PG&E Gearing up for possible bankruptcy, CA lawmakers say

Added June 18, 2018

Action News Now reports that PG&E may file for bankruptcy, due to the massive amount of lawsuits on their hands.


Northboros Bertuccis bought out of bankruptcy

Added June 18, 2018

Wall & Main reports that Plant Hollywood bought Bertuccis pizza chain out of bankruptcy.


Puerto Rico pensioners are facing devastating effects of bankruptcy

Added June 18, 2018

According to The Hill, with 167,000 public pensioners, Puerto Rico is facing a dire fiscal and economic crisis.


Gilbert Hospital, sister facility closing after involuntary Chapter 11 bankruptcy proceedings

Added June 18, 2018

The Phoenix Business Journal reports that Gilbert Hosptial will be closing its doors on June 16 following an involuntary Chapter 11 filing.


Hotel Mumbai Producers Strike Deal to Escape Weinstein Bankruptcy

Added June 18, 2018

Variety reports that the producers of Hotel Mumbai succeeded in sealing a deal with the Weinstein Co. to reclaim the film in exchange for an undisclosed sum.


BI LO emerges quickly from bankruptcy protection, remodels 3 Upstate stores

Added June 18, 2018

Greenville Online reports that BI LO plans to freshen up 100 of its roughly 575 stores nationwide.


RCSD heading toward bankruptcy, school board member warns

Added June 18, 2018

According to the Democrat & Chronicle, the Rochester County School District is headed towards bankruptcy.


Tops needs more time to restructure. Heres whats left to do

Added June 18, 2018

The Buffalo News reports that Tops Markets need more than six months to restructure in bankruptcy.


Discovery Tours took every loan imaginable to stay alive, VP tells bankruptcy court

Added June 18, 2018

The Plain Dealer reports that a fight with a Washington, DC hotel over slow payment of bills led to the forced closure of the Discovery Tours school tour operator.


Stuart Mortuary files for Chapter 11 bankruptcy protection

Added June 11, 2018

IBJ reports that Stuart Mortuary is a fourth generation, family owned funeral home on the north side of Indianapolis, Indiana.


Cenveo Clears Hurdle to Exit from Chapter 11

Added June 11, 2018

According to Publishers Weekly, the company expects to emerge from bankruptcy sometime this summer.


Remington emerges from Chapter 11 bankruptcy with much less debt

Added June 11, 2018

Syracuse.com reports that the company has emerged from bankruptcy with new owners, which are its lenders.


Pittsburgh cardiovascular practice files for Chapter 11 bankruptcy

Added June 11, 2018

According to the Pittsburgh Business Times, the company ceased operations on Dec. 31, 2017 with over $1M in liabilities.


Tops creditors want to examine million dollar deals that piled on debt

Added June 11, 2018

The Buffalo News reports that unsecured creditors are seeking information about several payments the supermarket chain made before filing for bankruptcy.


Radio giant Cumulus Media completes bankruptcy restructuring

Added June 11, 2018

The Atlanta Business Chronicle reports that the bankruptcy restructuring slashed the companys total debt from $2.34 billion to $1.30 billion.


Houston energy company emerges from Chapter 11 with new name

Added June 11, 2018

According to Houston Business Journal, EV Energy Partners LP has emerged from Chapter 11 as Harvest Oil & Gas Corp.


New MACH Gen LLC Announces Comprehensive Restructuring

Added June 11, 2018

According to PR Newswire, the company has filed a Restructuring Support Agreement with its first lien lender and its equity owner.


Arecont Vision files for Chapter 11 bankruptcy protection as part of restructuring effort

Added June 11, 2018

According to SecurityInfoWatch, the restructuring effort is expected to result in the company being sold to a private equity firm.


In Retailer Bankruptcies, Private Equity Comes Under Fire

Added June 11, 2018

Bloomberg reports that funds dispute post LBO asset transfers and bankruptcy loans.


Exclusive: How a nobody ex con pushed Avenatti law firm into bankruptcy

Added June 4, 2018

CNN reports that Michael J. Avenattis law firm was abruptly forced into bankruptcy by a Florida man who claimed he was owed the relatively meager sum of $28,700.


The Bankruptcy Case That Could Make or Break Puerto Rico

Added June 4, 2018

WYNC reports that Puerto Rico is $72 billion in debt and owes its public employees more than $50 billion in pensions.


Southeastern Grocers exits Chapter 11

Added June 4, 2018

Food Dive reports that the companys financial restructuring included reducing its $1 billion debt level by $600 million, including $522 that was offloaded in a debt-for-equity swap.


Tops Markets Reaches Pension Fund Deal, Sets Up Ch. 11 Exit

Added June 4, 2018

Law360 reports that Tops Markets LLC has reached terms to settle a long running dispute over liability for $184 million in employee benefit fund contributions.


Oil & Gas Co. Enduro Enters Ch. 11 To Escape $350M Debt

Added June 4, 2018

Law 360 reports that oil and gas company Enduro Resource Partners LLC recently opened a sale focused Chapter 11 in Delaware.


A longtime Louisville company files for bankruptcy protection

Added May 28, 2018

Louisville Business First reports that Sam Meyers Inc. has filed for Chapter 11 bankruptcy protection.


Hydroponics supply chain files Ch. 11 bankruptcy following April lawsuit

Added May 28, 2018

BusinessDen reports that Fort Collins based chain Way to Grow has filed for Chapter 11 bankruptcy protection.


Harvey Gulf International Marine bankruptcy reorganization plan approved

Added May 28, 2018

The New Orleans Advocate reports that a federal bankruptcy judge has approved a bankruptcy reorganization plan for Harvey Gulf International Marine.


Apple wins $539 million from Samsung in latest chapter of ongoing patent trial

Added May 28, 2018

The Verge reports that the seven year old smartphone patent trial between Apple and Samsung awards the iPhone maker a final verdict of $539 million in damages.


The Toys R Us bankruptcy is what happens when Wall Street puts profits before people

Added May 28, 2018

NBC News opines that venture capitalists need to know that threatening Americas working class communities will be met with consequences.


Venoco LLC Chapter 11 Plan and Disclosure Statement Approved

Added May 28, 2018

Bankrupt Company News reports that Veneco has settled with noteholders and a Chapter 11 plan was confirmed.


Elements Behavioral Health Files for Bankruptcy Protection

Added May 28, 2018

The Wall Street Journal reports that the Chapter 11 deal includes hedge fund BlueMountain Capital and Platinum Health Care founder Ben Klein for $65 million.


West Point Market files for Chapter 11 bankruptcy, expects to remain open

Added May 28, 2018

The Akron Beacon Journal reports that West Point Market has filed for Chapter 11 bankruptcy; opening an onsite bakery contributed to revenue loss.


Remington exits Chapter 11 bankruptcy

Added May 28, 2018

AL.com reports that Remmington has significantly reduced its debt load and interest expenses.


GST AutoLeather Exits Bankruptcy Under New Ownership

Added May 28, 2018

PR Newswire reports that leading the transition, GST has named Randy Johnson President and CEO of the company.


Cambridge Analytica files for bankruptcy amidst siege of negative attention

Added May 21, 2018

ARS Technica reports that company leadership has determined that it is no longer viable to continue operating the business.


Gunmaker Remington surfaces from bankruptcy

Added May 21, 2018

According to CBS News, the nations oldest gunmaker has exited Chapter 11 bankruptcy on firmer financial footing, with less red ink and better access to capital.


At Toys R Us, a $200 Million Debt Problem Could Lead to $348 Million in Fees

Added May 21, 2018

The New York Times reports that the retailers fall shows how lucrative bankruptcy can be for lawyers and other professionals, while creditors and workers are often left with little.


McKinsey Hid Conflicts of Interest From Courts, Lawsuit Says

Added May 21, 2018

According to the New York Times, Jay Alix, the founder of AlixPartners, accused McKinsey & Company of failing to disclose conflicts of interest in bankruptcy cases. McKinsey said the claims were baseless.


The Culpability Question in RMH Franchise Bankruptcy

Added May 21, 2018

Franchise Times reports that the Applebees brands second largest franchisee filed for bankruptcy protection.


First Big Bankruptcy Success Hands $5.2 Billion to India Lenders

Added May 21, 2018

Bloomberg reports that creditors recover about 63% of loans to Bhushan Steel.


French processor expects to survive bankruptcy

Added May 21, 2018

According to Intrafish, Global Seafood, the Brittany based seafood processor and distributor, says it expects to stave off the threat of bankruptcy.


US court to hear fight over Brazil telecom Oi's bankruptcy plan

Added May 21, 2018

According to Reuters, the court is set to hear a dispute involving Brazilian telecoms company Oi SA and major shareholder Bratel Brasil SA.


Bankruptcy court adds pressure to Reliance Communications and GCX

Added May 21, 2018

According to Capacity Media, pressure is mounting on heavily indebted Reliance Communications and its Global Cloud Xchange subsidiary after Indias recent insolvency tribunal.


The Week in Public Finance: This Illinois Town Is on the Brink of Bankruptcy. How Many Will Follow?

Added May 21, 2018

According to Governing magazine, Harvey, Ill., is facing insolvency thanks to its pension crisis. Some say it wont be the only one.


At Toys R Us, a $200 Million Debt Problem Could Lead to $348 Million in Fees

Added May 14, 2018

The New York Times reports that a year after filing bankruptcy, Toys R Us is expected to pay out as much as $348 million to lawyers, bankers and consultants.


The 130 year old bankruptcy that created a $5-billion oil giant

Added May 14, 2018

World Oil reports that Texas Pacific Land Trust, a listed land bank created out of a railroad bankruptcy more than a century ago, has climbed more than 2,200% since 2010.


Advertising technology company Videology files Chapter 11 bankruptcy

Added May 14, 2018

According to the Baltimore Sun, Videology, Inc. has filed for bankruptcy protection as part of a proposed deal to sell the companys assets to Amobee, a global technology firm.


Two Westchester Diners File For Bankruptcy

Added May 14, 2018

According to the White Plains Daily Voice, American Diner Group, Inc., which owns two popular eateries in Hawthorne and Yonkers, has filed for federal bankruptcy protection.


Denmarks Alpha Insurance Files for Bankruptcy in Wake of CBL Woes

Added May 14, 2018

Insurance Journal reports that the firm was placed into liquidation on March 4 and four days later the liquidators filed a petition for bankruptcy.


Owner of 159 Applebees locations, including 1 in Alabama, files for bankruptcy

Added May 14, 2018

AL.com reports that Nebraska based RMH Franchise owns 159 Applebee's locations in 15 states, including Alabama.


Footwear Retailer Rockport Files Chapter 11, Inks Asset Purchase Agreement with Charlesbank

Added May 14, 2018

The Jackson Free Press reports that the Rainbow Coop Board of Directors voted to seek Chapter 11 reorganization protection at its March meeting.


Yonkers, Hawthorne diners file for bankruptcy

Added May 14, 2018

Lohud.com reports that the American Diner Group, Inc filed a Chapter 11 petition May 2 with the federal Bankruptcy Court.


Retail defaults are at an all-time high

Added May 14, 2018

Business Insider reports that retailers are filing for bankruptcy at record high rates.


A (Conceivable) Wave Of Corporate Bankruptcies Could Kill The Job Market

Added May 14, 2018

Forbes reports that when it comes to business bankruptcies, workers become the leading edge of expendability.


Brainerd Burger King reign ends after bankruptcy

Added May 7, 2018

The Brainerd Dispatch reports that the shuttered Burger King in Brainerd is one of nine in the state that abruptly closed recently.


American Apparel is opening a store for the first time since bankruptcy

Added May 7, 2018

CNN Money reports that Gildan Activewear, the Canadian company that owns the clothing brand, announced on Thursday that it will open a physical American Apparel store in Los Angeles this fall.


Gibson guitar maker files for Chapter 11 bankruptcy protection

Added May 7, 2018

USA Today reports that international guitar sales began to slip, creating a challenge for larger manufacturers and retailers like Gibson, leading to Chapter 11 bankruptcy.


Partnership could ease bankruptcy process

Added May 7, 2018

Crains Cleveland Business reports that a service that has been described as the TurboTax of the bankruptcy process is being tested in Ohio, which is a clear sign of technologys adaption in the legal world.


Texas hospital to close and file for bankruptcy

Added May 7, 2018

Becker Hospital Review reports that Bay Area Regional Medical Center plans to file for bankruptcy this week.


Puerto Ricos Bankruptcy Advisers Could Get Closer Scrutiny

Added May 7, 2018

According to the Wall Street Journal, an oversight board prepares disclosure requests targeting legal and financial advisers.


April Commercial Chapter 11 Filings Fall 32% Year/Year

Added May 7, 2018

Monitor Daily reports that total US bankruptcy filings increased 3% in April 2018 over April of last year. Bankruptcy filings totaled 69,736 in April 2018.


Bank of America will finance assault weapons maker in bankruptcy

Added May 7, 2018

Market Watch reports that Bank of America Corp will provide $43.2 million in financing to Remington Outdoor, just weeks after saying it would stop financing companies that produce military style firearms.


End of the guitar? Gibson bankruptcy fuels fears for future

Added May 7, 2018

According to the Guardian, the industry faces threats from changing musical tastes, online commerce, and the instruments own durability.


Cambridge Analyticas data may be sold to the highest bidder during bankruptcy

Added May 7, 2018

Business Insider reports that with the firm now in bankruptcy, that data and the psychological profiles it built from them could be considered to be its key assets, assuming it still has them.


Controversial Oregon Mega-Dairy Files For Bankruptcy

Added April 30, 2018

After filing Chapter 11, Lost Valley Farm blocked an auction to sell off its 14,500 cattle herd in Boardman, Oregon.


Miramax Emerges As Strong Contender in Weinstein Co. Bankruptcy Sale

Added April 30, 2018

Variety reports that Miramax and Lantern Capital have emerged as the frontrunners for the bid for Weinstein Co.


Schletter Inc. files for chapter 11 bankruptcy

Added April 30, 2018

PV Magazine reports that the solar mounting systems maker's U.S. division has filed for bankruptcy, one month after the German parent company filed for insolvency.


ECS Refining seeks Chapter 11 protection

Added April 30, 2018

According to E Scrap news, the CEO of ECS Refining described Chapter 11 as a strategy to avoid being taken over by an investment partner.


Ronco files for bankruptcy after failing to secure funding

Added April 30, 2018

The New York Post reports that the bankruptcy filing follows the companys failed attempt to raise $30 million in an IPO.


McKinsey Is Big in Bankruptc and Highly Secretive

Added April 30, 2018

According to the Wall Street Journal, the consulting firm has drawn criticism for routinely making far fewer disclosures of potential conflicts of interest than other advisers


Think Tank: A Playbook for Reducing Length and Pain of Retail Bankruptcies

Added April 30, 2018

Womens Wear Daily reports that Jim Mesterharm and Spencer Ware of global consulting firm AlixPartners LLP share insights and tactics.


Parishes cant be forced into archdiocese bankruptcy, court affirms

Added April 30, 2018

The Star Tribune reports that an appeals court affirms that the assets of parishes and other entities are not available for bankruptcy settlements.


GM Again Faces $1 Billion Stock Fight Over Bankruptcy Accord

Added April 30, 2018

Bloomberg reports that plaintiffs hope to trigger 2009 sale provision to fund claims from creditors.


Provo water park owner files for bankruptcy

Added April 30, 2018

The Dessert News reports that the filing means the water park likely wont open as a Seven Peaks facility for the 2018 summer season.


GM Korea on verge of filing for bankruptcy

Added April 23, 2018

CNN reports that GM could soon file for bankruptcy protection for its South Korean unit.


Bankruptcy sale marks end of Carsons

Added April 23, 2018

According to the Daily Herald, Carsons will close its remaining stores as a result of Wednesdays bankruptcy sale of its parent company to a pair of liquidation firms.


FirstEnergy Strikes Creditor Deal in Subsidiary Bankruptcies

Added April 23, 2018

According to the Wall Street Journal, an agreement would extricate its parent company from coal and nuclear plant restructuring.


Fairfax Makes $300 Million Bid for Toys R Us Canadian Stores

Added April 23, 2018

The Wall Street Journal reports that the retailer seeks to name the Toronto based investment firm a lead bidder at the bankruptcy auction.


Big payouts after bankruptcy as Linn Energy seeks to dissolve name

Added April 23, 2018

Express News reports that Linn Energy will abandon the Linn name as it splinters into multiple businesses.


Patriot National Bankruptcy Plan Filed

Added April 23, 2018

Bankrupt Company News reports that Patriot National filed with the U.S. Bankruptcy Court a Fourth Amended Joint Chapter 11 Plan of Reorganization.


Out of bankruptcy, Seadrill eyes closer ties with oil service firms

Added April 23, 2018

CNBC reports that Seadrill expects to benefit from the offshore rig market recovery.


ManorCare wins court approval to exit bankruptcy under landlord

Added April 23, 2018

Reuters reports that HCR ManorCare Inc won court approval for a plan to exit a $7.1 billion Chapter 11 bankruptcy by transferring ownership to its landlord, Quality Care Properties Inc.


Puerto Rico bond investors argue over first dibs on a key source of cash

Added April 23, 2018

According to CNBC reporting, the order of priority is crucial as bondholders fight to recover as much of their investments as possible.


Retail defaults hit record high in first quarter

Added April 23, 2018

Retail defaults hit a record high in the first quarter of 2018, according to a new report from Moodys.


Bertuccis files Chapter 11 bankruptcy: Pizza chain may close restaurants

Added April 16, 2018

USA Today reports that Bertuccis filed for Chapter 11 bankruptcy protection and may close several restaurants. The company also expects to immediately reject 29 leases.


Bidding to buy Bon-Ton retail chains out of bankruptcy comes Monday

Added April 16, 2018

USA Today reports that a joint bid by two liquidation firms will be the starting point for bidding Monday in the bankruptcy auction of BonTon Stores.


Grant Farms CSA files for bankruptcy

Added April 16, 2018

The Coloradoan reports that Grant Farms CSA Inc. in Wellington filed for bankruptcy last week after shuttering operations in December, 2017.


Southeastern Plans for Future After Bankruptcy Filing

Added April 16, 2018

The Progressive Grocer reports that Southeastern Grocers also is continuing plans to remodel and upgrade several stores after its bankruptcy filing earlier this year.


Guilds Express Concern Over Residuals Payments Amid The Weinstein Co. Bankruptcy

Added April 16, 2018

According to the Hollywood Reporter, he guilds claim TWC has a "long history" of making residuals calculations complicated.


FirstEnergy Solutions bankruptcy is a boon for lawyers, other professionals

Added April 16, 2018

Craines Cleveland reports that FirstEnergy Solutions' bankruptcy case involves coal companies, railroads, nuclear energy facilities, environmental issues, shareholders and a host of other interests and concerns.


Corinthian School Loan Relief Plan Raises Repayment Concerns

Added April 16, 2018

Bloomberg Government reports that several students who took out loans to attend now bankrupt Corinthian Colleges, are now very concerned about repayment and bankruptcy options.


Coal Generators Bankruptcy Threatens Solar Farm in Maryland

Added April 16, 2018

Bloomberg reports that FirstEnergy Solutions contract for solar power likely canceled.


How Injured Gun Owners Ended Up at the Center of Remingtons Bankruptcy

Added April 16, 2018

Bloomberg News reports that he claimants include mothers of daughters hurt while hunting.


Dealing With Bankruptcy: Why Another Retailer Files for Chapter 11

Added April 16, 2018

Commercial Property Executive reports on the various challenges retailers face in the wake of filing for bankruptcy.


Nine West files for bankruptcy

Added April 9, 2018

Nine West Holdings, Inc. has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code, the company announced, as reported by the Dayton Daily News.


Class-action lawsuit against student loan giant brings hope to borrowers in bankruptcy

Added April 9, 2018

MarketWatch reports that a recent court ruling may offer hope for thousands of struggling borrowers looking to escape education-related debts.A Texas bankruptcy judge denied a request by student loan company, Navient, last month to dismiss a class-action lawsuit accusing the firm of illegally collecting on loans that were discharged in bankruptcy. Navient is appealing.


Why Nine West, in bankruptcy, wont sell shoes anymore

Added April 9, 2018

The Washington Post reports that the New York based company said it would focus instead on its jewelry and clothing lines, which include Anne Klein, Kasper Group and One Jeanswear Group.


FirstEnergy Solutions bankruptcy filing sparks concern about future

Added April 9, 2018

Cleveland.com reports that subsidiary FES is loaded down with billions of dollars of debt and has filed for Chapter 11 bankruptcy restructuring and protection from thousands of creditors.


Project Runway Future in Doubt Amid Weinstein Co. Bankruptcy

Added April 9, 2018

Variety reports that A+E Networks has scrapped its deal with the Weinstein Co. to air two additional seasons of Project Runway in the wake of sexual misconduct allegations against Harvey Weinstein, the distributor revealed in a court filing.