Bankruptcy

KSL Bankruptcy Saga Continues

by @mp_mcclellan, Yesterday<p>Back in 2009 it took auto giant Chrysler less than two months to file for bankruptcy and reemerge with a new ownership …

Advertising Industry

Payless Reportedly Faces Bankruptcy Soon (SHLD, ROST)

Payless Inc. is about to join the growing ranks of struggling retailers filing for bankruptcy this year, perhaps as soon as next week.<p>The discount …

Markets

Arch Coal wins an investing award while workers lose their retirement benefits

The country’s second-largest coal supplier, fresh off bankruptcy, will receive the “Restructuring Deal of the Year” award.<p>It’s been a wild year for …

Coal

Westinghouse Bankruptcy May Limit Toshiba's Looming Losses - Bloomberg

Toshiba Corp., reeling from an impending multibillion-dollar writedown in its Westinghouse Electric unit, has been battered to the point where a …

21st Century

Report: Payless Could File Bankruptcy in a Matter of Days

After weeks of speculation, a new report suggests that a bankruptcy filing for Payless ShoeSource could be just days away.<p>According to Bloomberg, …

Payless Reportedly Looking To File For Bankruptcy, Possibly Next Week

There are certain givens when it comes to mall shopping: There’s always parking at Sears, and there’s a darn good chance you’ll find a Payless …

Consumer Protection

Court sides with workers in bankruptcy case over lost wages

WASHINGTON (AP) — The Supreme Court on Wednesday sided with hundreds of former workers at a New Jersey trucking company who said they were unfairly denied a claim for lost wages after the company filed for bankruptcy protection.<p>The justices ruled 6-2 that a bankruptcy court should not have approved …

Business

Payless Said to Close Up to 500 Stores in Bankruptcy Reorganization

Yet another store chain looks set to seek bankruptcy protection in a brutal retail environment.<p>Payless, the operator of a discount shoe chain, is set …

Markets

Miner's Bankruptcy Exit to Leave a Cleanup Bill

A mining company’s debt-cutting plan will leave taxpayers facing a bigger bill for cleaning up nearly two dozen hazardous sites primarily in the central U.S., including a swath of northeast Oklahoma that once produced lead ore for bullets in both World Wars.<p>The 22 properties will be shed by miner …

Environment

Puerto Rico governor, bondholders divided on PREPA deal

WASHINGTON (Reuters) - Puerto Rico's governor told U.S. lawmakers on Wednesday the island's struggling power utility, PREPA, could undergo an in-court restructuring process akin to U.S. bankruptcy if a consensual deal with creditors cannot be achieved.<p>Governor Ricardo Rossello said at a U.S. House …

Puerto Rico

Operator of Western Mass. broadband network files for bankruptcy

The company that runs the state-owned high-speed broadband network in western Massachusetts filed for bankruptcy protection Wednesday, claiming the …

Net Neutrality

How Shippers Can Protect Themselves Against Another Carrier Bankruptcy

<b>How Shippers Can Protect Themselves Against Another Carrier Bankruptcy</b><p>By: Robert J. Bowman, SupplyChainBrain<br>March 20, 2017<p>Should shippers and ocean …

Gordmans stores attract 2 bidders in bankruptcy court

The Gordmans bankruptcy has attracted two bidders who want to keep at least some of the company's 106 discount department stores operating.<p>The Omaha, …

Business

EXCLUSIVE: Toshiba's Westinghouse seeks U.S. bankruptcy financing - sources | Reuters

By Jessica DiNapoli<p>Westinghouse Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp (6502.T), is …

21st Century

Singapore: Efficient Even in Bankruptcy - Bloomberg Gadfly

When it comes to matters legal or bureaucratic, Singapore is swift to act. Bankruptcy, sometimes, can be even faster.<p>Ezra Holdings Ltd., a Singapore …

21st Century

Singapore's Ezra Holdings files for US bankruptcy

Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy at the weekend, blaming a prolonged slump in the energy …

Markets

U.S. judge signs Peabody bankruptcy exit after environmental deal

CHICAGO (Reuters) - A U.S. judge formally approved Peabody Energy Corp's <BTUUQ.PK> plan to emerge from bankruptcy late Friday after the coal producer struck a settlement with the U.S. government over legacy environmental claims at a gold and metal mining subsidiary.<p>Under a last-minute deal with …

21st Century

Laid off Sungevity workers’ paychecks bounce amid solar firm’s bankruptcy

OAKLAND — Paychecks have bounced for some of the 350 Sungevity workers who were abruptly laid off ahead of the struggling solar company’s recent …

Employment Law

Things Looking Even Worse For Prenda's Paul Hansmeier: Bankruptcy Fraud On Deck

So, let's just say that things probably haven't been looking very good for Prenda's Paul Hansmeier lately. Obviously, there was a long series of …

Fraud

RadioShack's Bankruptcy Shows Why 'Chapter 22' Is The Hottest 2017 Retail Trend

By Taylor Harrison<p>Cell phones and headphones, t-shirts and jeans – the economy may be booming but brick-and-mortar retailers are closing up shop in droves as buyers continue the long migration online for their must-have items.<p>In an AlixPartners survey of restructuring industry participants released …

Business

District Court Upholds Controversial Bankruptcy Decision in Sabine

On March 10, 2017, the U.S. District Court for the Southern District of New York issued a Memorandum Order, in which it affirmed a controversial …

Judiciary

9 Fashion Firms That Have Gone Bankrupt Since the Start of 2017

The decision to file Chapter 11 is rarely an overnight one. The deliberation and consultation in the lead-up to bankruptcy can take months, or even …

Lawsuits

Exco Resources Nears Deal to Stave Off Bankruptcy

Natural-gas producer plans to sell $300 million in new debt, issue warrants to buyers<p>Most Popular Videos<p>Most Popular Articles

Wall Street

GulfMark Offshore Finally Prepares For Bankruptcy - Expect Equityholders To Be Wiped Out

Company finally retained bankruptcy advisors.<p>Expect the business to get sold out of bankruptcy to competitor SEACOR Holdings.<p>No credible scenario for …

21st Century

Radio Shack Files for Bankruptcy (Again), Blames Sprint

General Wireless, the successor company to RadioShack Corporation, filed for bankruptcy protection in Delaware on Wednesday -- and immediately turned …

Markets

Solar company Sungevity files for bankruptcy; former workers’ paychecks bounce

Sungevity, a troubled solar panel sales company that two years ago opened a Kansas City office, has filed a bankruptcy reorganization petition in …

Kansas City

Enterprise Products wins bankruptcy auction for Azure Midstream assets

Enterprise Products Partners (EPD +0.9%) agrees to acquire the natural gas pipeline assets of bankrupt Azure Midstream Partners in east Texas and …

Louisiana

California Railroad Finds Buyer After Operator's Bankruptcy

The company behind the dormant Desert Line railroad, a regional stretch that connects southern California to a manufacturing-rich region of northern Mexico, is preparing to sell its operations after a bankruptcy judge tentatively approved the $3.8 million deal.<p>The sale of Pacific Imperial Railroad …

21st Century

The Latest Craze In Silicon Valley: Bankruptcy

There’s gold in them there bankruptcy assets. (AP Photo/David Duprey)<p>When Avaya Corp. filed for Chapter 11 bankruptcy reorganization on Jan. 19 it represented a sad end to the $8.2 billion buyout of the Santa Clara, Calif. technology company by Silver Lake and TPG almost a decade before. But it was …

Silicon Valley

'Futile' appeal by former Nortel workers could imperil settlement

2 former employees who lost disability benefits when company collapsed eyeing Supreme Court challenge<p>Two former Nortel workers who lost their …

Supreme Court of Canada