March 2021

Centric Brands Inc. has received approval for its plan of reorganization. The bankrupt lifestyle group today announced that a judge in the United States Bankruptcy Court for the Southern District of New York has given it the green light…

Sandwiched between laying off thousands of employees and declaring bankruptcy, car rental company Hertz slipped millions of dollars in bonuses to senior executives.They're known as retention bonuses, designed to keep top executives from…

Created in the 1960s through an international treaty, Intelsat SA has played a vital and often overlooked role in providing connectivity infrastructure for more than half a century so that humanity can see everything from Neil…

Dolphin Bolette (file image courtesy of Dolphin Drilling)…

An entity related to Ashkenazy Acquisition Company filed a motion to force The Hotel in manhattan bankrupt in an attempt to salvage his nearly $45 million loan on the property, according to documents filed with the U.S. Bankruptcy…

Overhauling the insolvency and bankruptcy regime, India enacted the Insolvency and Bankruptcy Code 2016 in May 2016. The Code mimics UK insolvency laws and is tailored to India. Although it has been reduced and strengthened since its…

Click here to read the full article. AllSaints has received creditor protection in the US as it moves forward with a plan to restructure its UK retail business in the wake of the coronavirus pandemic. On Friday evening, the brand won…

Associated press Governor JB Pritzker signs legislation establishing a 2020 electoral referendum on a progressive income tax. If it passes, he pledges to spend at least $200 million a year from pension proceeds, but he has been cold to…

June 7, 2017 International Shipholding rail ferry facility in Veracruz, Mexico. Creative Commons photo by JoManel. International holding Corp. (ISH) expects to emerge from bankruptcy as Seacor Holdings Inc. subsidiary by July 3.ISH…

File image courtesy of Hornbeck…

CBL Properties, owner of the Southpark Mall, has filed for Chapter 11 bankruptcy.Photo Wikimedia Commons) The owner of a local shopping center has gone bankrupt. CBL Properties, owner of Southpark Mall in Colonial Heights, announced Monday…

June 25, 2020 3:37 p.m. Job : June 25, 2020 3:37 p.m. Chuck E. Cheese — where kids could be kids while parents nursed their headaches — is filing for bankruptcy…

(Image credit: Getty Images via @daylife) The opening line of the iconic Beatles album "Sergeant Pepper's" rings in my mind: "That was 20 years ago today..." Well, not quite today, but it 20…

Few things are more shocking than the Supreme Court's Dobbs v. Jackson Women's Health Organization decision. The court, nearly 50 years after it was granted, took away the right to reproductive freedom for pregnant women. What is even…

NEW YORK — Ascena Retail Group said it plans to close a "significant number" of stores after filing for Chapter 11 bankruptcy on Thursday following the economic effects of the COVID-19 pandemic.The New Jersey-based retailer said it would…

BOGOTA, Jan 29 (Reuters) - Colombian airline Avianca Holdings is making progress on a plan to restructure its finances that will keep it in the air without having to take steps such as declaring bankruptcy or insolvency, officials said on…

Borden Dairy Company has voluntarily filed for Chapter 11 bankruptcy as it seeks to reduce debt. Borden, headquartered in Dallas, intends to use the legal process to pursue financial restructuring to position the company for long-term…

(AP) - A self-proclaimed "anti-feminist" lawyer found dead in the Catskills from an apparent self-inflicted gunshot wound is the prime suspect in the murder of a federal judge's family in New Jersey, the court announced Monday. FBI.Roy Den…

Harvest Bible Chapel in greater Chicago. | instagramThe Harvest Bible Chapel board of elders has formally apologized to freelance journalist Julie Roys and several former members, months after they joined founder James MacDonald in a libel…

Image Getty FC Barcelona appear to be in serious financial trouble after releasing their latest financial report on Monday. Spain's second-biggest newspaper, El Mundo, even went so far as to claim that the club is “on the verge of…

(Reuters) - Men's Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of physical retailers that have succumbed to the economic fallout from the COVID-19 crisis. The retailer has filed…

Evander Kane has filed for bankruptcy in California. (Photo by Brandon Magnus/NHLI via Getty Images)It should have been a contract that would have taken care of him and his family for generations. But less than three years after signing a…

Debt-strapped Hertz Global Holdings (HTZ) announced on Friday that it has reached a $650 million interim settlement agreement with debtors to stay litigation related to the rental car company's plan to reduce its fleet of leased rental…

Advanced Pain Management is considering winding down operations and selling the assets of its outpatient surgery centers, overseen by a court-appointed receiver, resulting in the loss of 240 jobs, the medical group said.Doctors and other…

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic…

The company aims to emerge from bankruptcy in a few months with a majority stake by a hedge fund, ending 163 years of family control. SACRAMENTO, Calif. — McClatchy, publisher of The Sacramento Bee, The Modesto Bee,…

Forbes Bankruptcies abound in the US oil sector. So far this year, 40 oil exploration and production companies have gone bankrupt, according to an analysis by law firm Haynes & Boone, involving $54 billion in debt. Biggest…

Taggart vs. Lorenzen587 United States (2019). The United States Supreme Court has established an objective standard for determining whether a creditor should be held in civil contempt when attempting to collect a debt subject to a…

By Kate Hill Personal editor On August 20, Empire Farm Brewery, Inc. filed for Chapter 11 bankruptcy in northern New York bankruptcy court with more than $10 million in debt. The $6 million brewery, tasting room and kitchen —…

After about four years on Bardstown Road, HopCat Louisville is closing for good. Former employees said they received an email on Tuesday saying that management "won't be reopening the Louisville site." Then, HopCat posted on social media on…

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. FORT WORTH — The officer who killed Atatiana Jefferson in her home…

US Senator Dick Durbin (D-IL)Michael Brochstein | light flare | Getty ImagesLawmakers have introduced a bill that would make it easier for student borrowers to forgive their debt in the event of bankruptcy.The measure, which is backed by…

Editor-in-Chief: They say that to really get to know a person, you have to try to see the world through…

As the world grapples with the health threat posed by the novel coronavirus (COVID-19), the secondary threats of the coronavirus, including economic and financial consequences, have become clear. Markets in the United States…

A company that owns some of Lincoln's best-known radio stations filed for bankruptcy protection last month but said none of its stations would stop broadcasting.Alpha Media, based in Portland, Oregon, filed for Chapter 11…

"I never liked the smell of the bathroom." Suzy Batiz sits on an exposed toilet amid a desk festooned with feminine pastels. She wears a sea-foam green dress, suede boots, flowing blonde hair, flawless makeup, and tasteful jewelry.…

In 2016, former NBA player Darius Miles filed for bankruptcy - after a basketball career in which he earned an estimated $62 million in total salary, he became one of many former athletes professionals who have lost millions of dollars.In…

In Penn State's unlikely upset against Michigan's No. 6 on Tuesday, the Nittany Lions managed to implement a three-quarter press, making the Wolverines uncomfortable and literally slowing an offense that is already the weakest unit…

The shortened 2020 MLB season ended Sunday afternoon, and the playoff picture finally took shape. It's no surprise that a few of the teams that made it to the playoffs did so with the help of former Maryland Terrapins. Three pro…

JC Penney is set to emerge from bankruptcy by Thanksgiving, after a US bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest owners and major lenders. The United States Bankruptcy…

The recent commodity price hike and ongoing ad hoc financial support to offset natural disasters, retaliatory tariffs and coronavirus-related damages have come a little too late for some farmers across the United!-->…

A company that owns some of Lincoln's most popular and well-known radio stations filed for bankruptcy protection last month but said none of its stations would stop broadcasting.Alpha Media, based in Portland, Oregon, filed…

By Emily Field (December 21, 2020, 11:15 PM EST) — Members of the Sackler family, which owns OxyContin maker Purdue Pharma LP, discussed as early as 2007 potential opioid litigation as a threat to family and business finances,…

The Winston-Salem-based K&W Cafeterias chain will continue to serve diners despite filing for Chapter 11 bankruptcy. The company said it will continue to serve customers during the restructuring, in accordance…

The number of insolvency cases is unlikely to increase significantly after the one-year suspension of bankruptcy proceedings against the Covid-19-related default from March 25, the chairman of the bank told FE. 'Insolvency and Bankruptcy…

Plant-based fast-casual By Chloe, once a rising star among emerging restaurant chains, declared bankruptcy on Monday and its CEO quit, according to court documents. The New York-based vegan chain has filed for Chapter 11 protection and is…

By Kevin Kuzminski, WRAL Multiplatform ProducerCharlotte, North Carolina — The famous department store chain Belk announced on Tuesday that it had filed for bankruptcy. The North…

Aside from the recent bankruptcy filing shared by Hertz Global Holdings Inc. (NYSE:HTZ), Whiting Petroleum Corp. (NYSE:WLL) and Neiman Marcus of Ares Management Corp. (NYSE:ARES)?The answer may take many investors by surprise. After…

CLIFTON, NJ., September 4, 2020 /PRNewswire/ -- Businesses are facing unprecedented challenges due to the COVID-19 pandemic. Brands that were doing well at the start of the year could never have imagined the restrictions that would come…

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Workers connect a pipe at the Orion Perseus drilling rig in Webb County, Texas.Seal of Eddie | Bloomberg | Getty ImagesThe U.S. oil industry has upended the global energy order over the past decade, and now it is itself going through an…

Manchester United debt stands at £474.1mManchester United's debt has soared to £474.1million, as their most recent accounts reveal. The financial impact of the COVID-19 pandemic means their debt has fallen from £270.5m to 133%. There was…

Every September for the past few years, the NHL Players' Association has flown a group of top prospects to Toronto and hosted them at a swanky downtown hotel for a private pre-season event. It's fun to attend the annual!-->…

Sep 01, 2020 There are no White Knights coming to JC Penney's rescue. A lawyer representing the bankrupt department store…

The Congress adopted the long-awaited decision Consolidated Appropriations Act, 2021 ("CAA") December 22, 2020, which now awaits the President's signature to become law. The CAA contains several COVID-19 related amendments to the United…

The Legal Aid Society of Mid-New York, Inc. will receive a $207,233 Pro Bono Innovation Fund grant from the Legal Services Corporation Pro Bono Innovation Fund to help serve more low-income clients in cases of bankruptcy and student loan…

The Insolvency and Bankruptcy Board of India (IBBI) has notified the rules allowing a liquidator to dispose of hardly realizable assets or illiquid assets to third parties to…

The owners of a downtown tiki bar and restaurant have declared bankruptcy.Mark A. Sellers III, former president of BarFly Ventures LLC and current director of Authentiki LLC, the wholly owned subsidiary of Max's South Seas Hideaway (MSSH),…

Struggling retailer JCPenney, which is reportedly set to file for Chapter 11 bankruptcy protection, has revealed it paid around $17 million in interest on a senior secured term credit facility to avoid a default, but that he was still…

This is one of the worst things that can happen in your life: declaring bankruptcy. Reaching the end of your financial rope is emotionally and financially devastating, and the latter can have a lasting effect on your…

MCH Group, the Swiss owner of Art Basel, plans to sell up to 44% of its shares to James Murdoch, son of billionaire media magnate Rupert Murdoch. The news follows a grim 2019 report that predicted losses of up…

Megan Noh, a Chapter 11 trustee of the defunct online auction house Paddle8, filed a lawsuit this week in U.S. Bankruptcy Court, Southern District of New York, against alleged board member John Textor.…

The publisher of the Miami Herald and dozens of other newspapers across the country have filed for bankruptcy protection.The newspaper industry has been devastated by developments in technology that have sent the vast majority of people…

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. PEORIA, Ariz. – San Diego Padres pitcher Jacob Nix was kicked and…

(Adds details of agreement with creditors, background)Nov 24 (Reuters) - Canada's Cirque du Soleil Entertainment Group said on Tuesday it had emerged from bankruptcy, after the COVID-19 pandemic forced the famed circus operator to cancel…

ISLAMABAD, Pakistan — His country nearly went to war with a neighboring enemy six and a half times its size. Militants roam religious schools and the countryside.And with inflation soaring and debt soaring, his finance team is scrambling,…

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. BRIGHTON, Colo. – A man who was wanted in a Boulder County armed…

CHATTANOOGA, Tenn. (KFYR) - CBL Properties, the parent company of two major North Dakota shopping malls, has reached a restructuring agreement to pay off debt and could file for Chapter 11 bankruptcy in October, according to statements on…

An online ski ticket broker filed court documents Thursday challenging an attempt by Aspen Skiing Co. and other ski area operators to force it into bankruptcy. In written motions to…

"It's extremely complex, but it's important to the state," said Andrew Helman, the state's attorney, referring to New Hampshire's complicated Medicaid reimbursement formula, which requires LRGHealthcare to pay a tax. $5 million Medicaid…

Why $40 just isn't enough for debt-laden US shale Midland, Texas is the beating heart of shale production in the United States. In this part of the United States, they know all too well what booms and busts look like. Last…

The Small Business Reorganization Act, which came into effect in February 2020, significantly changes the small business bankruptcy process. Before SBRA Prior to the enactment of the SBRA, businesses had two main options when filing…

Apple (NASDAQ:AAPL) is undoubtedly one of the most profitable companies in the world today. Given the company's huge cash reserve, investors usually flock in droves to its periodic debt offerings. These investors…

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By Richard Crump (March 5, 2021, 4:27 p.m. GMT) – A consortium of Indian banks on Friday won permission to appeal the adjournment of English bankruptcy proceedings seeking to recover £1.05 billion (1 .45 billion) from former Indian…

New York-based representatives for Emerald and LoanCore did not immediately respond to requests for comment.Emerald purchased the 107th Street properties in December 2016 with plans to convert them into condominiums, while the 117th Street…

PHILADELPHIA (WPVI) — The National Museum of American Jewish History has filed for bankruptcy, citing debt from the construction of its building as the reason.The 100,000 square foot museum on 5th and Market streets was deliberately built…

Some companies don't even try to argue that executive pay has been cut. At $6.4 million, the cash bonus paid to Whiting Petroleum chief executive Bradley J. Holly is higher than the $5.5 million the company has assessed his total…

TOP LINE A day after warning it could be forced to file for bankruptcy, Norwegian Cruise Line announced Wednesday that it has raised more than $2 billion in funding to ensure the company can sustain "much more" a year without income amid…

Millions of Americans are struggling with student debt on top of the challenges posed by the coronavirus pandemic and economic recession. Unlike other categories of personal debt, most student loans are non-dischargeable unless there is…