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

A.M. Castle D.I.P. Financing Approved

The U.S. Bankruptcy Court approved A.M. Castle & Co.’s motion for entry of an order authorizing the Debtors to incur post-petition debt and use cash collateral in which the D.I.P. lender will have...

View Article



Neiman Marcus Group Ratings Lowered

On June 30, 2017, S&P Global Ratings lowered its corporate credit rating on The Neiman Marcus Group, Inc. to CCC from CCC+, its secured term loan facility ratings to CCC from CCC+ and its unsecured...

View Article

Rand Logistics Going Concern Warning

In Form 10-K filed on July 6, 2017, Rand Logistics, Inc.’s auditor, Grant Thornton LLP, raised substantial doubt about the Company’s ability to continue as a going concern. According to Grant Thornton,...

View Article

Abengoa Bankruptcy Liquidation Plan Effective

Abengoa Bioenergy US Holdings’ Third Amended Joint Plans of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on June 8,...

View Article

Ignite Restaurant Bankruptcy Bid Procedures Approved

The U.S. Bankruptcy Court approved Ignite Restaurant Group’s emergency motion for entry of an order authorizing and scheduling an auction at which the Debtors will solicit the highest or best bid for...

View Article


Constellation Enterprises Bankruptcy Objection Filed

Constellation Enterprises’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to (a) the motion Debtors’ motion to convert from Chapter 11 reorganization to a...

View Article

e.Digital Chapter 7 Liquidation

e.Digital and its wholly-owned subsidiary filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of California, lead case number 17-04073. The Company, which engages in...

View Article

Gordmans Exclusivity Extension Approved

The U.S. Bankruptcy Court approved Gordmans Stores’ motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...

View Article


Puerto Rico Government Employee Committee Sought

University of Puerto Rico Retirement System Trust filed with the U.S. Bankruptcy Court a motion requesting appointment of an additional committee of government employees and active pension plan...

View Article


Tidewater Bankruptcy Objection Filed

Tidewater’s official committee of equity security holders filed with the U.S.  Bankruptcy Court an objection to the Company’s Prepackaged Chapter 11 Plan of Reorganization. The committee asserts,...

View Article

Sable Natural Resources Bankruptcy Liquidation Sought

The U.S. Trustee assigned to the Sable Natural Resources case filed with the U.S. Bankruptcy Court a motion to convert the Chapter 11 reorganization to a liquidation under Chapter 7 or, in the...

View Article

Ignite Restaurant Bankruptcy KERP Approved

The U.S. Bankruptcy Court approved Ignite Restaurant Group’s motion for entry of an order approving key employee retention plan (KERP). As previously reported, “The Retention Plan contemplates...

View Article

rue21 Bankruptcy Objection Filed

rue21’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Company’s Disclosure Statement. The committee asserts, “Without significant changes to the...

View Article


Avaya Bankruptcy KEIP Approved

The U.S. Bankruptcy Court approved Avaya’s 3Q-4Q 2017 key employee incentive program (KEIP). As previously reported, “The Debtors request entry of an order approving the Debtors’ 3Q-4Q 2017 Key...

View Article

Gymboree D.I.P. Financing Approved

The U.S. Bankruptcy Court granted final approval to Gymboree’s motion to obtain post-petition financing, authorizing the Debtors to use cash collateral, granting liens and providing super-priority...

View Article


Katy Industries Bankruptcy Objection Filed

Katy Industries’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the form of the sale order. The committee asserts, “The Sale Order contains a number of...

View Article

Ciber Bankruptcy Settlement Approved

The U.S. Bankruptcy Court approved Ciber’s motion to enter into a settlement and release agreement by and among Ciber, the State of Washington and the Washington State Board for Community &...

View Article


hhgregg Bankruptcy Bid Procedures Approved

The U.S. Bankruptcy Court approved hhgregg’s motion for an authorizing and approving bid procedures; scheduling a sale hearing; authorizing the sale of the Debtors’ class action assets free and clear...

View Article

rue21 Bankruptcy Reorganization Plan Amended

rue21 filed with the U.S. Bankruptcy Court a First Amended Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “Subject to confirmation of the Plan,...

View Article

Unilife Bankruptcy Objections Filed

Sanofi Winthrop Industries (Sanofi) and, separately,  Hikma Pharmaceuticals, LLC; Hikma Pharmaceuticals PLC and West-Ward Pharmaceuticals, LLC filed with the U.S. Bankruptcy Court objections to...

View Article
Browsing all 4593 articles
Browse latest View live




Latest Images