Incora to Exit Chapter 11 After Feuding Creditors End Challenges
1 day ago · Aerospace supplier Incora won court permission to exit bankruptcy after announcing that its top creditors have agreed to support a restructuring after years of acrimony over an infamous financing maneuver that pitted lenders against each other.. Lawyers representing Silver Point Capital, bond giant Pacific Investment Management Co., JPMorgan Chase & Co., BlackRock Inc. and other creditors said ...
Judicial scandal surfaces in fight over bankruptcy of JC Penney
4 hours ago · A group of JC Penney bondholders are seeking to re-litigate its Chapter 11 case, claiming that a scandal that has since ensnared one of the country’s top bankruptcy judges tainted the US ...
Spirit Airlines files for bankruptcy | AP News - Associated Press News
Nov 18, 2024 · Spirit, the biggest U.S. budget airline, filed a Chapter 11 bankruptcy petition after working out terms with bondholders. The airline has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion in 2025 and 2026.
Spirit Airlines Files For Bankruptcy, Aims To Exit Chapter 11 In …
Nov 18, 2024 · Early on Monday, the carrier announced it had filed for a prearranged chapter 11 that included backstopped commitments of $350 million in equity investment and $300 million in...
Major healthcare provider CareMax files for Chapter 11 bankruptcy
Nov 21, 2024 · Major health care provider CareMax, which operates 56 medical centers across Florida, Texas, Tennessee and New York, filed for Chapter 11 bankruptcy in Texas on Sunday. The company operates...
Big Lots files for bankruptcy protection, sells to private ... - NBC News
Sep 9, 2024 · As part of its Chapter 11 filing, Big Lots agreed to sell its business to private equity firm Nexus Capital Management for about $760 million, consisting of $2.5 million in cash plus its remaining ...
Chapter 11 Bankruptcy news - Today’s latest updates
The Archdiocese of San Francisco is officially filing for Chapter 11 bankruptcy in the wake of numerous claims of child sexual abuse allegedly committed by priests filed against it, according...
ANALYSIS: Six Trends in the Latest Chapter 11 Wave - Bloomberg Law News
Jun 26, 2023 · Chapter 11 filings are up, promising steady work for bankruptcy and restructuring attorneys for quite a while. I’ve taken a look at Chapter 11 bankruptcy cases that have been filed since the beginning of the year, and have identified six trends that make this latest wave unique.
Crafts retailer Joann files for Chapter 11 bankruptcy as ... - AP News
Mar 18, 2024 · Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and pandemic-era hobbies.
Revlon emerges from bankruptcy with new board and new owners
May 2, 2023 · NEW YORK (AP) — Less than a year after filing for chapter 11, Revlon emerged from bankruptcy protection Tuesday as a privately held company with new owners, reduced debt and a new board.