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Shares of PG&E Corp. climbed $1.98 or 16.5% to close at $13.99 on Tuesday after the company filed for Chapter 11 protection, despite common shareholders being wiped out in the vast majority of bankruptcies.Although it sounds like…

HUNTSVILLE, Ala. (WAFF) - For the second time in three years, Huntsville-based firearms and ammunition maker Remington Arms has filed for bankruptcy.Now the company is being spun off and sold to various buyers at an auction.On September…

After battling declining sales and pressure from activists a year ago, Bed Bath & Beyond is trying to regain its footing during the global Covid-19 pandemic, which has changed the way people use their money. Growing portions of…

NEW YORK — There's no way to sugarcoat it: 2020 has been a brutal year for restaurants and stores. The pandemic, massive debt and a shift in shopping and dining habits have created a deadly cocktail of bankruptcies and closures.New data…

The Big Ten announced their conference schedule on Wednesday, with Maryland men's basketball set to play 20 games in 83 days. Despite the effect COVID-19 has had on other sports, the schedule appears to be relatively aligned with a…

More than 200 oil and gas companies in North America have filed for bankruptcy since 2015, and the list of victims could continue to grow this year.From 2015 to November last year, 208 companies filed for bankruptcy, according…

Sign up for our special edition newsletter to get a daily update on the coronavirus pandemic. The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy Thursday, the latest retailer to do…

Reproduced from Moody's Investors Service; Table: Axios visualsRetailer J. Crew's Chapter 11 bankruptcy filing on Monday "is likely the first of many companies to restructure either in court or out of court over the next two years,"…

Studio Movie Grill, the 33-unit movie theater chain, declared Chapter 11 bankruptcy on Sunday after the pandemic sapped much of its sales. The Dallas-based company, which just two years ago received a $75 million investment and was one of…

Cirque du Soleil has filed for Chapter 15 bankruptcy Cirque du Soleil has filed for Chapter 15 bankruptcy Montreal-based Cirque du Soleil has filed for bankruptcy.Company officials blame the coronavirus pandemic.Cirque du Soleil has filed…

A proposed debt offering by Royal Caribbean Cruises will offer the latest indication of investor…

Toys "R" Us has hired restructuring advisers from famed law firm Kirkland & Ellis as it tries to deal with hundreds of millions of dollars in maturing debt, according to two people briefed on the matter.Among the options being…

A proposal by 24 Hour Fitness Worldwide Inc. to pay a total of $8.8 million in bonuses to 22 top executives is "excessive and unreasonable," a federal bankruptcy watchdog has said.The bankrupt health club operator has failed to prove the…

As the Sports Authority navigates the choppy waters of Chapter 11 bankruptcy protection, the struggling sporting goods retailer and its creditors are exploring two options: • Helping out $1.1 billion in heavy, unpaid debt; streamline…

On the surface, the case of Sundial producers (NASDAQ:SNDL) the stock is not weird. It's the price that's the problem. Source: Jetacom Autofocus / Shutterstock.com The somewhat specialized cannabis producer saw its stock get…

A major National Rifle Association donor is set to challenge key aspects of the gun group's bankruptcy filing, in a bid to hold executives accountable for allegedly defrauding their members of millions of dollars to support their own lavish…

Until three years ago, Boris Becker was at the top of tennis. As Novak Djokovic's coach, he helped the world number one win six Grand Slam titles, including one career Grand Slam. In a way, it reflected his own genius as a player. But…

Dallas— The Neiman Marcus Group has filed for Chapter 11 bankruptcy as the Dallas-based luxury retailer begins negotiations with its creditors to restructure its debt. Upon emergence, the company plans to eliminate approximately $4…

Modell's Sporting Goods is preparing to file for Chapter 11 bankruptcy as early as Sunday, The Post has learned. The 131-year-old sports equipment retailer has stopped seeking a white knight investor to help it…

Many assume that athletes are set for life once they sign those big contracts worth millions of dollars to play some kind of sport. But the truth is, like everyone else, they need financial savvy to make smart decisions with their money,…

Pacific Gas & Electric Co.'s plan to emerge from bankruptcy mid-year under a mountain of debt stemming from wildfires sparked by its electrical equipment would leave the beleaguered huge utility a 'junk bond company' the mayors of San…

By Jessica DiNapoli, Tracy Rucinski(Reuters) - Toys "R" Us Inc has paid $400 million in interest on its debt each year, largely thanks to its $6.6 billion leveraged buyout in 2005. This week it succumbed to the burden of its debt, leading…

By Elise Hansen (December 7, 2020, 11:16 a.m. EST) — Oilfield drilling services company Superior Energy Services filed for Chapter 11 protection in Texas bankruptcy court on Monday with a plan in hand to trade 1, $3 billion of debt…

Barely one out of 18 companies in liquidation was entirely dissolved in this process. And more than a third of these 914 companies do not meet the legal one-year deadline for dissolution under the Insolvency and Bankruptcy Code.This is…

Placeholder while loading article actionsOn Monday, New York Attorney General Eric Schneiderman penned an open letter urging anyone who might bid on Weinstein Co., the now-bankrupt studio founded by Harvey Weinstein, to include money to…

By Jeff Montgomery (May 24, 2016, 8:10 p.m. EDT) - Aspect Software Parent Inc. rushed to release an abbreviated Chapter 11 on Tuesday, gaining confirmation from a Delaware bankruptcy judge for the plan to call center company to…

Jhe legal drama surrounding the closure of six of Franklin Templeton's local Indian mutual funds will soon come to an end, but the outcome sheds a cruel light on how the country manages its capital markets. Nearly 97% of unitholders voted…

Three NYU administrators sent a university-wide email on Monday, April 27 detailing the university's net losses from the coronavirus and its supposed next steps for the coming months. President Andrew Hamilton, Provost Katherine Fleming and…

In the face of rising anti-Asian rhetoric amid the coronavirus pandemic, Marjorie Antonio organized “Not Your Model Minority: Pandemic, Proximity and Power“, a multimedia art exhibition presenting five perspectives on the…

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KidsPeace, the Orefield-based organization that has treated troubled children for more than a century, emerged from bankruptcy on Friday after losing more than $80 million in pension obligations and millions of dollars in annual…

The US government authorized Johnson & Johnson's single-dose COVID-19 vaccine on Saturday, enabling millions more Americans to be vaccinated in the coming weeks and setting it up for additional approvals around the world.…

This story was updated at 5:37 p.m. on Wednesday, August 19, 2020, with more information. CBL Properties, the owner of the Chattanooga-based mall hit by the coronavirus outbreak, unveiled a plan on…

Two non-profit organizations have just teamed up to provide veterans with free access to financial advice and home ownership.The initiative is a collaboration between HLP, which specializes in helping families with their housing issues, and…

After decades of arming American soldiers, first with the Vietnamese-era M16 and then with the modern M4 rifles transported to Iraq and Afghanistan, famed arms manufacturer Colt lost its contract with the military in 2013. He never…

In the energy industry, it is common for oil and gas well operators to “write off” unpaid joint interest billings (JIBs) from direct interest income payments in the normal course of business. However, as soon as a petition is filed by a…

A bankrupt Pittsburgh law firm filed for Chapter 11 bankruptcy in January, for the second time in five years, after falling behind on payments from its previous bankruptcy plan and racking up charges social charges and…

Shopping mall owners are beginning to file for bankruptcy protection or close, the latest signs the pandemic is worsening a crisis that began before Covid-19. CBL…

CONNEAUT LAKE - All parts and parts of the 129-year-old Conneaut Lake Park - the Conneaut Hotel, the Blue Streak roller coaster and nearly 200 acres of property, some of which are beachfront - will soon be in the hands of people. a new…

File voluntary petitions for reorganization under Chapter 11 Continuation of normal operations through a court-supervised process PLANO, Texas, July 30 28, 2020 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the…

The integrated cancer care network had some 347 sites in the United States and Latin America and while there, Tzoumakas helped the company partner with more than 1,000 physicians, CDI noted. Australian oncology and cardiology provider…

EEuropean stock markets are on the rise as the end of the trading session approaches. Europe The European Central Bank (ECB) left interest rates and the Pandemic Emergency Purchase Program (PEPP) on hold,…

Amanda Drane, Personal editorJune 9, 2020Updated: June 10, 2020 08:27 A man walks past a Men's Warehouse store in New York.Staff member Andrew!-->!-->!-->!-->!-->…

A recent bankruptcy case currently on appeal is being watched closely for the significant economic impact it could have on debtors and creditors alike. On October 26, 2020, at In re Ultra Petroleum Corp.the U.S. Bankruptcy Court for the…

These are the immortal words that Michael Scott thundered to the drones of Dunder Mifflin after hearing Creed Bratton, whose source is dubious, say that bankruptcy is “the reversal of nature; it's a new start; it's a clean slate. Well,…

7250 S. Shore Drive is among the south side residential developments in the Better Housing Foundation portfolio that will be sold in bankruptcy court. (Credit: Google Maps) A 545-unit South Side apartment portfolio owned by a…

A consortium of lenders has agreed to end the bankruptcy process of struggling Bhushan Power & Steel Ltd by accepting a conditional offer from JSW Steel.The lenders voted with a 97% majority to accept an upfront payment of Rs 19,350…

Podcast: The Value of Two Cents…

IIt's the perfect summary of 2020 to say that, in the commercial real estate industry, it's been a much better year to be a bankruptcy lawyer than a retailer. Neiman Marcus, JCPenney, Brooks Brothers, Lord & Taylor, CEC Entertainment…

He said he owed his two main creditors – the munitions company St. Marks Powder and Eco-Bat Indiana, a producer and main recycler – a combined $3.5 million. It also lists the states of Alabama, Arkansas, and Missouri, and the city of…

the coronavirus dismantled another large restaurant chain. Ruby Tuesday said Wednesday it had filed for Chapter 11 bankruptcy and would permanently close 185 sites that had been temporarily closed due to the pandemic. Ruby Tuesday…

Having spent much of the millennium flirting with the idea, donald trump actually announced on June 16 that he was going to run for the Republican presidential nomination (or, at the very least, spend as much time as he can to draw…

Confidence leaves the economy. As businesses and individuals fail to pay their bills, there is the backlash of entities protecting themselves against bad debts.In publishing, that means publishers fear ad-tech vendors may default and fear…

Struggling workplace provider WeWork has sold community meeting platform provider Meetup to a consortium of investors led by AlleyCorp. Terms of the deal were not disclosed, but Fortune announced today that Meetup sold for a fraction…

This is an archived article and the information in the article may be out of date. Please look at the timestamp on the story to see when it was last updated. GREELEY, Colo. — The Greeley Police Department believe road rage…

Amid rumblings of angry employees and debts owed, by Trudya Tex-Mex institution since 1977, has filed for Chapter 11 bankruptcy protection. Among its restaurants, Trudy's South Star on Little Texas Lane and South Congress Cafe remain…

When sprinter Marion Jones was in her prime, she received between $70,000 and $80,000 per run, plus $1 million a year in endorsement deals from brands like Nike, who proudly sported her swoosh alongside her abs . . At the 2000 Olympics in…

(Reuters) - In ordinary times, I write about important developments in major litigation. Obviously, these are not ordinary times. COVID-19 - and the economic consequences of mitigating the spread of the virus - has suddenly become the…

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Guitar Center, Inc. ("guitar center”) announced today that it has emerged from bankruptcy following the successful completion of its reorganization plan (the “Plan”) under Chapter 11 of…

The debt associated with North American oil and gas bankruptcies in 2020 has already reached an all-time high. Rystad Energy said in a statement sent to Rigzone on Thursday, adding that debt is expected to…

Jason Bennett saw price shocks at Baker Botts offices around the world, including in Moscow in 1998 when oil plunged to $10 a barrel. Back then, when struggling companies saw bankruptcy as the only way out, there was no doubt that they…

Allowing states to declare bankruptcy could be constitutional if Congress avoids infringing on state sovereignty and relies on court oversight rather than outside counsel. It would not be difficult to create a bankruptcy system for "a…

"I always said I would throw a parade if people went along with my plans," Warren said in an interview. "There's a lot of indications actually - think about it - that they already have."Get the coronavirus nextThe next phase of our…

Landowners are watching closely as Chesapeake Energy, a company that led Pennsylvania's natural gas boom,…

Low-cost carrier Norwegian has secured a brighter future for itself after finally getting its bondholders to accept a substantial debt-for-equity swap today. Creditors will have more than $900 million of debt-to-equity swaps at their…

Once locations begin to open in the next two months and operators assess the severity of the situation, there will be an increase in the number of bankruptcy cases. Ganz is referring to a bankruptcy appeal he recently participated in, in…

At the Ronald Reagan Library in Simi Valley, California, would-be Reagan heirs tried to punch Republican frontrunner Donald Trump last night. It was the second primetime debate for the GOP field. We want to reduce spin with a new feature…

Canadian distributor RPM, which filed for bankruptcy last month two weeks after ceasing operations, owes C$8.9 million (US$6.7 million) in debt, the majority to Universal Music Canada. This is according to an affidavit filed in an Ontario…

American joins Delta and United to raise billions through its loyalty program The airline's new contract is one of the biggest in the industry after demand hits…

(Reuters) - LATAM Airlines Group LTM.SNthe continent's largest carrier, filed for bankruptcy protection in the United States on Tuesday, becoming the largest carrier in the world to date to seek emergency reorganization due to the…

From dining room tables and children's bedrooms, faculty, students and staff at Cornell Law School are responding to the coronavirus pandemic by providing legal services to businesses and individuals in central New York. The aid…

A Ravn Alaska De Havilland aircraft at Ted Stevens International Airport in Anchorage. (Creative Commons photo by Sunnya343) According to documents filed in federal court. As the coronavirus pandemic batters the aviation industry,…

United States court caseload statistics indicate that for the three-month period ending March 31, 2018, there were 116 Chapter 12 bankruptcy filings in the United States. These Chapter 12 bankruptcies are…

CHARLOTTE, NC (WIS) — One of the Southeast's most popular retailers is set to file for bankruptcy.On Tuesday, Belk announced that it had entered into a “restructuring support agreement” with Sycamore Partners in an effort to reduce…

The budget carrier said in a statement on Wednesday that it had decided to file for review in Ireland, where its aviation assets are located. The review allows businesses to seek court protection from creditors for up to 100 days, and is…

In 2019, global debt reached $197 trillion, up $9 trillion from the previous year - before the COVID-19 pandemic began. With economic activity collapsing and government support increasing during the pandemic, many…

Regal Entertainment's UK owner Cineworld said on Monday it had been granted a financial lifeline to help it avoid filing for bankruptcy. The lenders will provide the theater owner with a $450 million loan to help keep it…

From challenges in the reimbursement landscape to dwindling patient numbers, many factors are leading hospitals to file for bankruptcy. At least 29 hospitals across the United States have filed for bankruptcy this year, and financial…

Published on: 07/03/2021 - 04:40 Tunisia's state-owned companies are in dire straits, facing a perfect storm of debt, mismanagement, the coronavirus pandemic and a decade of…

On May 26, 2020, Thai Airways International PCL submitted a petition for corporate reorganization, including a list of creditors, to the Central Bankruptcy Court. The court accepted the motion for review the next day and scheduled a…

Business bankruptcies continue to pile up during the coronavirus pandemic, as 24 companies across all industries added their names to the list of new filings in the past two weeks, according to analysis by S&P Global Market…

Bankruptcy Frontier Communications Corp.The choice of Evercore Group LLC as investment banker and financial adviser is being criticized by its creditors and the Justice Department's bankruptcy watchdog.The telecommunications company's…

There are two Neiman Marcus stories unfolding these days.One is about how the Dallas-based luxury chain can survive the pandemic and emerge from bankruptcy as the biggest in its class.The other is a dramatic, high-stakes battle for an asset…

United Cannabis Corporation ("united cannabis”) and its wholly-owned subsidiary, UC Colorado Corporation, filed for Chapter 11 bankruptcy with the District of Colorado Bankruptcy Court on April 20, 2020. United Cannabis' principal line of…

Nearly 60% of respondents say they are worried about the future of the Affordable Care Act, but few are taking advantage of available subsidies. When it comes to health care, one of the biggest concerns Americans have is paying for it.…

* What are the main types of insolvency proceedings? In Indonesia, insolvency proceedings are governed by Law No. 34 of 2004 on Bankruptcy and Suspension of Debt Payment Obligations (the Bankruptcy law). Under bankruptcy law, a…

How much debt have Canadians taken on to survive during COVID? And with the end of the pandemic in sight – sort of – what will happen next? According to Statistics Canada, things weren't ideal even before COVID, when…

By Trevor Hunnicutt, Sharon Bernstein(Reuters) - Democratic presidential hopeful Joe Biden has endorsed former rival Elizabeth Warren's plan to reform consumer bankruptcy laws, including allowing student debt relief, incorporating proposals…

(Reuters) - 17-year-old Florida boy orchestrated hack into celebrity accounts on Twitter Inc TWTR.N, including those of Democratic presidential candidate Joe Biden and Tesla chief executive Elon Musk, officials said on Friday.A 19-year-old…

(Redesigns with company declaration)ROME, October 17 (Reuters) - A court in Rome has accepted a claim for creditor protection from ailing Italian automaker Astaldi, the company said on Wednesday, confirming what sources said.Astaldi,…

John Robinson and J. Machir Stull Machir Stüll In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The CARES Act contains provisions that affect Chapter 7 and 13…

Investors are cramming in the stocks of bankrupt companies, betting against a legal process that regularly wipes out shareholders.Car rental company Hertz Global Holdings Inc., oil driller Whiting Petroleum Corp. and retailer JC Penney Co.…

By Eliana Raszewski, Marina LammertynBUENOS AIRES (Reuters) - Francisco Lurueña's textile company on the outskirts of Buenos Aires has survived 39 years of a myriad of economic crises. Today it is on the verge of closing, hit by COVID-19…

In debt, Eric Brown feared that one of his lenders would arrive on his site and take back possession of heavy machinery that he uses to lay utility cables underground. His company, Brown Bros. Telecom & Utility in…

The Supreme Court observed that the absence of a legislative voice on the issue of the validity / invalidity of ipso facto insolvency clauses will lead to confusion and reduced commercial clarity. the National Company Law Tribunal which…

Many small businesses are using a niche portion of the Bankruptcy Act to pay off debts amid COVID-19 crisis, and bankruptcy experts are encouraging other struggling small businesses to…

Iran's Supreme Leader Ayatollah Ali Khamenei has sent seemingly mixed messages about his country's intentions regarding its nuclear program. In early February, he vowed that once the United States completely lifted economic sanctions, Iran…

Here are some quick summaries of the trending stories around New York City. Follow each link for more information!New York high schools will resume in-person learning on March 22. It is estimated that 55,000 students are expected to…