Quantcast
Channel: Daily Bankrupt Company Updates | Bankrupt Company News
Browsing all 4593 articles
Browse latest View live

8e14 Networks, Inc. – Cancels Auction and Designates Stalking Horse (also DIP...

October 17, 2022 – Further to a bidding procedures order [Docket No. 122], the Debtor notified the Court that, absent any further qualified bids beyond that of stalking horse bidder VMware, Inc.* (the...

View Article



Image may be NSFW.
Clik here to view.

Talen Energy Supply LLC – Bank of New York Mellon Objects to Plan as...

October 17, 2022 – The Bank of New York Mellon (“BNYM*” or the “Trustee”) objected to the Debtors’ Disclosure Statement, arguing that it would fail to treat all members of Class 4 ("Unsecured Notes...

View Article

GT Real Estate Holdings, LLC – Court Allows Extension of Exclusivity Periods...

October 18, 2022 – The Court hearing the GT Real Estate Holdings case has extended (for a first time) the periods during which the Debtor has an exclusive right to file a Chapter 11 Plan, and solicit...

View Article

CalPlant I Holdco, LLC – Rice Straw MDF Manufacturere Seeks Authority for an...

October 19, 2022 – The Debtors requested Court authority to: (i) access $10.2mn in debtor-in-possession (“DIP”) financing and (ii) use cash collateral [Docket No. 423]. The DIP financing, provided by...

View Article

Celsius Network Limited – Court Takes Bidding Procedures and Preferred Equity...

October 20, 2022 – The Court hearing the Celsius Network cases took "under submission" motions for (i) approval of the bidding procedures for the Debtors' proposed sale of their assets and (ii) to...

View Article


PhaseBio Pharmaceuticals, Inc. – Developer of Promising Heart Drug...

October 23, 2022 – PhaseBio Pharmaceuticals, Inc. (Nasdaq: PHAS, “PhaseBio ” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No....

View Article

Image may be NSFW.
Clik here to view.

PhaseBio Pharmaceuticals, Inc. – Seeks $5.9mn in New Money DIP Financing from...

October 23, 2022 – The Debtor requested Court authority to: (i) enter into debtor-in-possession (“DIP”) financing arrangements with prepetition lender JMB Capital Partners Lending, LLC ("JMB" or the...

View Article

LaForta – Gestao e Investimentos – Designate Operadora CICSA, S.A. de C.V. as...

November 1, 2022 – Further to the September 16th bidding procedures order [Docket No. 107] and apparently with only a single qualified bid beyond that of credit-bidding prepetition lenders (the...

View Article


Northwest Senior Housing Corporation – Trustee and Plan Sponsor UMB Bank...

November 2, 2022 – Trustee and Plan Sponsor UMB Bank, N.A. ("UMB") * filed a bidding procedures motion requesting (i) approval of bidding procedures in relation to the sale of substantially all of the...

View Article


StorCentric, Inc. – With Support of Newlight Capital, Enceladus Development...

November 4, 2022 – The Court hearing the StorCentric cases issued an order approving $35.2mn sale of substantially all of the Debtors’ assets to Enceladus Development Venture III, LLC ("Enceladus" or...

View Article

5280 Auraria, LLC – Seeks $1.5mn of Post-Petition Loans from Entity...

November 4, 2022 – The Debtor requested Court authority to enter into a $1.5mn Post-Petition Loan Agreement (the “Agreement”) with SP 180 Fund, LLC (“Lender”)*[Docket No. 227, with a form of the...

View Article

Image may be NSFW.
Clik here to view.

Fast Radius, Inc. – Cloud Manufacturer, Facing Uncertainty as to Financing...

November 8, 2022 – The Debtors filed a motion seeking a bidding procedures order that would: (i) approve bidding procedures in relation to the sale of substantially all of the Debtors’ assets, (ii)...

View Article

Image may be NSFW.
Clik here to view.

Madison Square Boys & Girls Club, Inc. – With Concerns as to Execution Risk...

November 10, 2022 – The Court hearing the Madison Square Boys & Girls Club case issued an order authorizing the Debtor to access $11.0mn in alternative debtor-in-possession (“DIP”) financing being...

View Article


ExpressJet Airlines LLC – Court Approves $9mn Sale of Embraer Parts to...

November 10, 2022 – The Court hearing the ExpressJet Airlines case issued an order approving sale of the Debtor’s inventory, consisting of Embraer ERJ 145 and E175 parts, tooling, and ground support...

View Article

FTX Trading Ltd – The FTX Group Files Chapter 11 with Over $10bn in...

[Just filed. Developing Story.] November 11, 2022 – FTX Trading Ltd. (dba FTX.com), West Realm Shires Services Inc. (dba FTX US), Alameda Research Ltd and approximately 130 other affiliated companies...

View Article


LaForta – Gestao e Investimentos – Designates Operadora CICSA, S.A. de C.V....

November 1, 2022 – Further to the September 16th bidding procedures order [Docket No. 107] and apparently with only a single qualified bid beyond that of credit-bidding prepetition lenders (the...

View Article

California-Nevada Methodist Homes – Finding that New Triangular Deal...

November 15, 2022 – The Court hearing the California-Nevada Methodist Homes case issued an order [Docket No. 589] authorizing the Debtor to amend the terms of its already Court-approved $34.0mn sale to...

View Article


FTX Trading Ltd – [Update] New FTX CEO John J Ray III Blasts Legacy Governace...

November 17, 2022 – In a declaration filed in support of first day filings [Docket No. 24], the Debtors’ newly minted CEO, John J. Ray III, provides his chilling initial impressions as to the...

View Article

Claim Jumper Acquisition Company, LLC – Files Motion Seeking Approval of...

November 17, 2022 – The Debtors filed a motion requesting each of a bidding procedures order, a sale order and a dismissal order [Docket No. 179]. The bidding procedures order would: (i) approve...

View Article

Winc, Inc. – Direct-to-Consumer Wine Specialist Files for Bankruptcy; Looks...

[Just filed. Developing story.] December 1, 2022 – Winc, Inc. and two affiliated debtors (NYSE American: WBEV; together “Winc” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy...

View Article
Browsing all 4593 articles
Browse latest View live




Latest Images