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Bankruptcy News


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.


Tesla Bankruptcy Not So Far Fetched, Says Analyst

Added April 9, 2018

Oilprice.com reports that Tesla has faced a series of setbacks in recent months, including a downgrade from Moodys, a fatal crash in California, and missed production targets of its beloved Model 3.


CCS Oncology vows to keep serving patients as it files for bankruptcy protection

Added April 9, 2018

The Buffalo News reports that CCS Oncology, the financially battered private cancer practice that is under federal investigation, has filed for voluntary bankruptcy protection, according to court records.


Nuclear and coal energy company files for bankruptcy

Added April 9, 2018

The Hill reports that FirstEnergy Corp. CEO Charles Jones said the move to file Chapter 11 would make the parent company more financially stable.


Company with 3 Eastern Montana coal mines eyes bankruptcy

Added April 9, 2018

According to the Billings Gazette, Westmoreland Coal Co. stock fell to 26 cents a share Tuesday after the company with three Montana mines indicated it would consider bankruptcy.


Bankruptcy judge OKs Horizon's purchase of Hobbicos RC business

Added April 9, 2018

The News Gazette reports that a bankruptcy court judge approved Horizon Hobby's $18.8 million purchase of Hobbicos remote control business.


U.S. banks provide rescue financing for gunmaker Remington

Added March 27, 2018

Yahoo Finance reports that US gunmaker Remington Outdoor Co has obtained commitments for nearly $300 million from its existing lenders.


Remington, one of Americas oldest firearms makers, files for bankruptcy protection

Added March 27, 2018

USA Today reports that the company filed for bankruptcy just one day after hundreds of student led rallies protested gun violence across the United States.


Winn Dixie operator files for bankruptcy

Added March 27, 2018

Fox Business reports that the grocery chain filed for Chapter 11 bankruptcy protection to restructure debt.


GM Korea issues bankruptcy ultimatum

Added March 27, 2018

According to Seeking Alpha, the company will file for bankruptcy if its union does not agree to cut labor costs.


Retailers filing for bankruptcy or going out of business in 2018

Added March 27, 2018

USA Today reports that Retailers continue to close under-performing stores and cut staff as many struggle with high debt and low cash.


Noble Group Frames Endgame: Deal, Administration, Chapter 11

Added March 27, 2018

Bloomberg reports that the trader responds to exchange queries on restructuring proposal.


A new chapter for Harvey Gulf: Chapter 11

Added March 27, 2018

According to WorkBoat, industry insiders watched with interest last week as Harvey Gulf International Marine Inc. filed for Chapter 11 bankruptcy protection.


Toledo based HCR ManorCare to file for Chapter 11 bankruptcy

Added March 27, 2018

According to ABC13, the company has reached an agreement to transition the ownership and leadership of HCR ManorCare to QCP.


Avaya emerges from Chapter 11 bankruptcy

Added March 27, 2018

According to Zdnet, the company has successfully completed its debt restructuring less than a year after filing under Chapter 11 bankruptcy protection.


Auto parts maker Lear files for Chapter 11

Added March 27, 2018

ABC News reports that the company has received the support it needs from lenders and bondholders to reorganize its struggling business.


Claires Stores jewelry chain files for Chapter 11 bankruptcy protection

Added March 19, 2018

USA Today reports that the company hopes to escape huge debts that are preventing the company from shimmering in a dim environment for retail.


5 reasons Toys R Us failed to survive bankruptcy

Added March 19, 2018

According to USA Today, Toys R Us confirmed Thursday that it plans to close all of its U.S. stores, barring a last second deal to keep the 200 best locations alive.


IHeartMedia, USs Largest Radio Broadcaster, Files for Bankruptcy

Added March 19, 2018

The New York Times reports that the company filed for bankruptcy protection in an attempt to restructure part of the $20 billion debt load that has burdened it since a leveraged buyout a decade ago.


Publix, Walmart seen gaining from Southeastern bankruptcy

Added March 19, 2018

According to Supermarket News, other supermarket chains also face debt challenges in year ahead.


Tops spars with union pension fund in bankruptcy case

Added March 19, 2018

According to Buffalo News, Tops Marketsi is making every effort to revamp its business in bankruptcy court.


Tops Markets Files for Chapter 11 Bankruptcy Protection

Added March 19, 2018

The Wall Street Journal reports that Tops Markets LLC is the latest regional grocery chain to look to restructure its balance sheet.


Fieldwood Energy Files for Chapter 11 Bankruptcy Protection

Added March 19, 2018

The Wall Street Journal reports that the company's prepackaged bankruptcy includes $1.6 billion debt-for-equity swap.


American Lands in Bankruptcy

Added March 19, 2018

WSJ.com reports that the parent of the No. 3 Airline Seeks Court Protection Amid High Fuel and Labor Costs.


NewPage Files for Chapter 11

Added March 19, 2018

The struggling papermaker owned by private-equity firm Cerberus Capital Management LP, filed for Chapter 11, as reported by WSJ.com.


Judge Rejects Breitburn Energy Chapter 11 Plan

Added March 19, 2018

WSJ Pro reports that Breitburn says it is working to address judges concerns that its plan is unfair to unaccredited bondholders.


Bankruptcy may be the next step for big radio station chain iHeartMedia

Added March 12, 2018

The Boston Globe predicts that iHeart Radio could file bankruptcy in the near future.


Buyout firms bankruptcy threats are losing their bite

Added March 12, 2018

According to the New York Post, buyout kings lately are having a harder time bullying creditors with bankruptcy threats.


MGT bankruptcy filings show 500 creditors, dozens of legal disputes

Added March 12, 2018

The Richmond Biz Sense reports that the MGT Construction bankruptcy filings help give a peek at the volume of projects the company had in the pipeline over the years.


The Zohar Funds Seek Protection of Bankruptcy Court

Added March 12, 2018

Business Wire reports that the company seeks to stay litigation to monetize assets and fully satisfy all claims.


U.S. drugmaker Orexigen files for Chapter 11 bankruptcy

Added March 12, 2018

According to Reuters, a number of its senior secured noteholders of Orexigen have made a $35 million financing commitment to the company during the Ch 11 process.


Claires mall jewelry chain headed toward bankruptcy

Added March 12, 2018

According to USA Today, the company is aiming to polish off its finances and reemerge with a brighter future.


Bankruptcy Has Come To Both Of Americas Largest Radio Companies

Added March 12, 2018

Forbes reports on the potential bankruptcy filings of iHeartMedia and Cumulus Media.


Upstates top nursing home company, Orianna Health Systems, files for bankruptcy

Added March 12, 2018

Independent Mail reports that the companys recent bankruptcy filing sparking concern about the quality of care for residents.


Moscow court refuses to treat cryptocurrency as part of bankruptcy estate

Added March 12, 2018

RAPSI News reports that the anonymous nature of transactions with cryptocurrency prevents identification of their owners, the court ruling reads.


Puerto Rico discovers that bankruptcy is expensive

Added March 12, 2018

According to the Washington Post, lawyers asked a US District Court overseeing the commonwealths bankruptcy case to approve $75 million in funds for legal and consulting fees and another $2 million in expenses.


Breitburn Energy bankruptcy plan denied in blow to Elliott, WL Ross

Added March 12, 2018

Reuters reports that a US judge rejected Breitburn Energy Partners LPs bankruptcy exit plan.


iHeart Media inching closer to bankruptcy

Added March 5, 2018

The New York Post reports that iHeart creditors Sunday night were working out the final details of a bankruptcy that is expected in days.


HCR ManorCare expected to file for bankruptcy

Added March 5, 2018

According to the Toledo Blade, Toledo-based HCR ManorCare Inc., which operates more than 500 elder-care facilities nationwide, will voluntarily file Chapter 11 bankruptcy and then be acquired by Quality Care Properties Inc., a real-estate investment trust the Toledo firm owes millions in rent.


Twin Cities Archdiocese bankruptcy drags on, taking a toll on all parties involved

Added March 5, 2018

The Star Tribune reports that victims and parishes in Twin Cities archdiocese dwell in uncertainty as bankruptcy drags on.


WiseWear Chapter 11 bankruptcy blamed on Apples decision to deactivate Apple Watch diagnostic port

Added March 5, 2018

Apple Inside reports that the wearable device startup, WiseWear, blames Apple for causing it to file for Chapter 11 bankruptcy.


Facing foreclosure, Fort Lauderdale hotel developer files for Chapter 11 bankruptcy

Added March 5, 2018

According to The Real Deal, 550 Seabreeze Development LLC, the developer of Las Olas Ocean Resort, filed for bankruptcy after a lender filed a foreclosure suit against the company.


New Delaware Chapter 11 Filing Jet Midwest Group, LLC

Added March 5, 2018

According to the CS Bankruptcy Blog, Jet Midwest Group, LLC, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware.


New Delaware Chapter 11 Filing Fallbrook Technologies Inc.

Added March 5, 2018

The CS Bankruptcy Blog reports that privately held technological developer and manufacturer based in Cedar Park, Texas, Fallbrook Technologies Inc., along with three affiliates and subsidiaries, has filed a petition for relief under Chapter 11


Chemical Company Fibrant Files for Chapter 11 Bankruptcy

Added March 5, 2018

The Wall Street Journal reports that Fibrants business is scheduled to wind down and the companys Georgia industrial plant will be decommissioned.


Unfinished Fort Lauderdale beach hotel files Chapter 11 to halt $37M foreclosure

Added March 5, 2018

The South Florida Business Journal reports that the developer allegedly raised $30 million from Chinese investors through the EB 5 visa program.


Butler-based wire manufacturer files Chapter 11

Added March 5, 2018

The Pittsburgh Business Times reports that North American Steel & Wire expects to reorganize after bankruptcy.


Weinstein Co. expected to file bankruptcy after talks fail

Added February 26, 2018

USA Today reports that the Weinstein Company is filing for bankruptcy after failing to strike a deal to sell its assets.


Trump administration may make it easier to wipe out student debt in bankruptcy

Added February 26, 2018

USA Today reports that the Education Department will review when borrowers can discharge student loans, an indication it could become easier to expunge those loans in bankruptcy.


Charlotte Olympia Files For Bankruptcy In U.S., Closing All Stores

Added February 26, 2018

Forbes reports that the shoe retailer filed bankruptcy, citing the unprecedented disruption in the retail market in the United States.


5 things to watch in the Tops bankruptcy

Added February 26, 2018

The Buffalo News reports that theres more to the bankruptcy filing by the owners of Tops Markets than shedding debt and reducing the supermarket chains stifling interest payments.


Manaforts Los Angeles bankruptcy fight may offer a new avenue for Muellers Russia probe

Added February 26, 2018

According to CNBC, prosecutors may have more leverage against former Trump campaign chairman Paul Manafort arising from a loan he received while engaged in the bankruptcies of properties in California.


Gunmaker faces bankruptcy

Added February 26, 2018

Times Daily reports that the Remington Plant, which has not met the employment goals it agreed to, recently announced it would declare a reorganization bankruptcy.


Higher power bills? How a SCANA bankruptcy could affect ratepayers

Added February 26, 2018

The State reports that when a New Hampshire electric utility struck a deal to escape bankruptcy, the proposal included a series of rate hikes that its customers had to pay for years afterward.


Trump Administration Looking at Bankruptcy Options for Student Debt

Added February 26, 2018

The Wall Street Journal reports that the Education Department could clarify the meaning of undue hardship that is needed to have loans erased.


Thalhimer construction arm MGT now in bankruptcy

Added February 26, 2018

WTVR reports that the construction arm of local real estate firm Thalhimer has been put into bankruptcy.


Lucky Dragon now in Chapter 11 bankruptcy

Added February 26, 2018

Las Vegas Review Journal reports that Lucky Dragon developer Andrew Fonfa pushed the offstrip, Chinese themed resort into Chapter 11 protection, less than a week before the propertys scheduled foreclosure auction this Thursday


Guitar company Gibson reportedly facing bankruptcy

Added February 19, 2018

CNBC reports that CEO Henry Juszkiewicz is deciding whether to exchange the companys debt, look to try and pay it off using his equity or try to declare the company bankrupt.


WinnDixie and Tops Owners Could Prepare for Bankruptcy

Added February 19, 2018

According to Bloomberg, both companies are poised to file bankruptcy in the coming weeks.


Bi-Lo preparing for bankruptcy

Added February 19, 2018

According to Supermarket News, BiLo LLC, a subsidiary of Southeastern Grocers, which has 705 grocery stores in seven southeastern states is reportedly preparing to file bankruptcy as early as next month.


Remingtons Bankruptcy May Be the Tip of the Iceberg

Added February 19, 2018

Bloomberg reports that Republican control in Washington has helped slow purchases by gun enthusiasts who once feared tighter restrictions under Democrats.


Business A West Virginia newspaper is in bankruptcy. The powerful coal industry celebrates

Added February 19, 2018

According to the Washington Post, one day after the Charleston Gazette Mail declared bankruptcy, coal industry attorney Robert McLusky made light of the newspapers plight.


NASCAR Cup team BK Racing files for bankruptcy ahead of Daytona 500

Added February 19, 2018

Autosport reports that the chartered team completed the full Cup season in 2017 but had a rotating door of seven drivers across the season.


Judge approves Takata bankruptcy plan

Added February 19, 2018

ABC News reports that following a hearing Friday, the judge said there was substantial and sufficient support from creditors to merit plan approval.


Remington bankruptcy plan is new wound for America's Oldest Gunmaker

Added February 19, 2018

USA Today reports that Remington has reached a financing deal that would allow it to continue operating as it files for Chapter 11 bankruptcy protection.


Fieldwood Energy files for bankruptcy, makes $700M acquisition on same day

Added February 19, 2018

According to the Chron, debt strapped Fieldwood Energy is filing for Ch. 11 bankruptcy protection the same day it said it would acquire Noble Energy's Gulf of Mexico assets in a roughly $700 million deal.


Detroit facing challenges one year after bankruptcy

Added February 19, 2018

According to Detroit News, the city of Detroits balance sheet shows the city making some financial progress.


Gun maker Remington files for bankruptcy

Added February 12, 2018

NBC News reports that popular gun maker, Remington, has filed for Chapter 11 bankruptcy protection.


Takata, injured drivers reach deal to end U.S. bankruptcy

Added February 12, 2018

According to Reuters, Takata Corps U.S. unit reached a settlement with its creditors, lawyers for those injured by its deadly air bags and automakers that smoothes the way to end its Chapter 11 bankruptcy and sell its viable operations.


Post-bankruptcy California city tests universal income for residents

Added February 12, 2018

Fox News reports that the City of Stockton, California s testing a new welfare plan to give families a universal basic income of $500 every month.


Sad Day: EXCO Resources Files for Chapter 11 Bankruptcy

Added February 12, 2018

According to media reports, oil and natural gas exploration company EXCO Resources has filed Chapter 11 bankruptcy.


Patriot National Files for Chapter 11 Bankruptcy Protection

Added February 12, 2018

Insurance Journal reports that Patriot National, Inc., an insurance technology and outsourcing firm, has officially filed for chapter 11 bankruptcy protection and reorganization.


AdChoices The maker of the Turing Phone files for bankruptcy and suspends manufacturing

Added February 12, 2018

According to Tech Crunch, a local publication recently broke the news that the company had declared bankruptcy.


Charleston Gazette Mail to File for Bankruptcy

Added February 12, 2018

According to the Intelligencer, the Gazette-Mail newspaper plans to file for bankruptcy.


iHeartMedia misses bond payment, places 30 day deadline on possible bankruptcy

Added February 12, 2018

My San Antonio reports that the company recently failed to make a $106 million bond payment.


Oklahoma City-based Ascent Resources Marcellus files for bankruptcy protection

Added February 12, 2018

According to News Oklahoma, Ascent Resources Marcellus Holdings LLC and its subsidiaries recently filed for bankruptcy protection to reorganize.


Paper products manufacturer Cenveo files for Chapter 11 bankruptcy

Added February 12, 2018

Digital Commerce 360 reports that Cenveo Inc. pointed to a world shifting from paper-based to digital products as a chief contributor to its declining sales and resulting Chapter 11 bankruptcy filing.


Bon Ton Stores Seeks Chapter 11 Bankruptcy Protection

Added February 5, 2018

The Wall Street Journal reports that Bon Ton is the largest retailer to file for bankruptcy in the U.S. this year.


Rand Logistics Files for Chapter 11 Bankruptcy Protection

Added February 5, 2018

According to the Wall Street Journal, Lightship Capital is slated to take over this Great Lakes bulk shipping company.


Puerto Rico Moves to Privatize Bankrupt Power Authority

Added February 5, 2018

Puerto Rico Gov. Ricardo Rosselló is reported to be putting the islands power utility up for sale, as reported by WSJ.com.


Low income, senior housing companies file for bankruptcy

Added February 5, 2018

According to the Bangor Daily News, three companies that own about 600 units of low income and senior housing throughout Maine filed for bankruptcy late last year.


iHeartMedia misses bond payment, places 30day deadline on possible bankruptcy

Added February 5, 2018

According to San Antonio Express News, the failed to make a $106 million bond payment, giving itself 30 days to work out an agreement with investors to restructure its debt or face bankruptcy.


Patriot National Files for Chapter 11 Bankruptcy Protection

Added February 5, 2018

Insurance Journal reports that the insurance technology and outsourcing firm, has officially filed for chapter 11 bankruptcy.


Walter Investments emergence from bankruptcy is delayed

Added February 5, 2018

National Mortgage News reports that the company pushed back the date it would emerge from bankruptcy.


Dry the Starting Tear for PESs Bankruptcy

Added February 5, 2018

Philadelphia Energy Solutions impending bankruptcy is due to its own antiquated technology, higher crude costs, poor investments and mismanagement, as reported by WSJ.com.


Envelope maker, comic book printer Cenveo files for bankruptcy

Added February 5, 2018

Reuters reports that the company is struggling under $1 billion of debt and an industry transformed by the internet.