Del Monte Foods files for bankruptcy and will search for buyer | CBSNews -
Del Monte Foods, a nearly 140-year-old staple in canned produce, has filed for Chapter 11 bankruptcy and is seeking a buyer as part of a...more
Spirit Airlines recently emerged from Chapter 11 bankruptcy and announced it plans to rebrand itself as a premium airline. S&K Take: The Spirit case was obviously a significant undertaking, and the plan was confirmed by Judge...more
Forever 21 plans nearly 200 store closures in second bankruptcy, Bloomberg News reports | Reuters -
The U.S.-based operator of clothing retail chain Forever 21 is planning to shut down at least 200 additional locations as...more
2/24/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Class Action ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Cryptocurrency ,
Debt Restructuring ,
Johnson & Johnson ,
Liquidation ,
Settlement
Spirit Airlines rejects Frontier's bid, aims to exit bankruptcy in first quarter | Reuters -
On Wednesday, low-cost carrier Spirit Airlines denied a bid of about $2.16 billion from rival Frontier Group as it was not...more
2/3/2025
/ Acquisitions ,
Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Chapter 7 ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Debt Restructuring ,
Mergers ,
WARN Act
Purdue's Sackler family offers to increase contribution in new opioid settlement, WSJ reports | Reuters -
The Sackler family, owners of Purdue Pharma, is offering to increase their contribution to the opioid lawsuit...more
1/20/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Debt Restructuring ,
Debtors ,
Liquidation ,
Mediation ,
Settlement ,
Stays
Intrum files for bankruptcy in US to restructure $4.5 billion debt pile | Reuters -
Europe’s largest debt collector Intrum filed for Chapter 11 bankruptcy in the U.S. to restructure its debt after struggling with the...more
FTX Dotcom creditors vote massively in favor of reorganizing plan | Coindesk -
Creditor approval has been secured for a reorganization plan of the former crypto exchange, FTX. The plan is set to be presented to the...more
Residential Solar Firm Lumio Files Bankruptcy, Plans to Sell | Bloomberg -
Privately owned provider of residential solar panels Lumio filed for Chapter 11 bankruptcy on Tuesday in Delaware with plans to sell its company to...more
Big Lots bankruptcy reports send shares tumbling to record lows for Columbus retailer | The Columbus Dispatch -
Home goods retail chain Big Lots Inc. is considering filing for bankruptcy after years of decreased sales. The...more
Sam Bankman-Fried Sentenced to 25 Years in Prison | CoinDesk -
FTX founder and former CEO Sam Bankman-Fried has been sentenced to 25 years in prison after being convicted on seven fraud and conspiracy charges. According to...more
US Supreme Court Lets $2.46 Billion Boy Scouts Sex Abuse Settlement Proceed | Reuters -
On Thursday, the U.S. Supreme Court permitted the Boy Scouts of America’s $2.46 billion settlement with sexual abuse victims to...more
Genetic test maker Invitae files for bankruptcy protection in US | Reuters -
On Tuesday, Invitae, the San Francisco-based genetic test maker, filed for voluntary Chapter 11 bankruptcy protection in a U.S. bankruptcy court...more
Supreme Court puts Purdue Pharma bankruptcy deal on hold | NBC -
The Supreme Court has blocked an appeals court decision that had allowed Purdue Pharma’s restructuring plan to move forward effectively putting the plan on...more
BlockFi’s Chapter 11 plan progresses with conditional court approval | Cointelegraph -
United States Bankruptcy Court for the District of New Jersey recently conditionally approved Blockfi’s disclosure statement. If the...more
Party City Rehashes Restructuring Deal After Missing Financial Projections | Yahoo Finance -
Party City has reworked a key deal with their key lenders to restructure their bankruptcy exit plan. Now, lenders will have the...more
Judge indicates intention to dismiss J&J talc unit bankruptcy | Reuters -
Bankruptcy Judge Michael Kaplan said this week that he intends to dismiss the bankruptcy case filed by Johnson & Johnson's subsidiary, LTL...more
Bed Bath & Beyond is closing 149 more stores | CNN -
Bed Bath & Beyond has expanded its list of additional stores they expect to close, from 87 to 149. In total the company is reducing its store count from 760 to about...more
U.S. Mattress Maker Serta Simmons Files for Bankruptcy Protection | Reuters -
Serta Simmons Bedding, one of America’s largest bedding companies by market share, has filed for Chapter 11 bankruptcy this week with the U.S....more
Party City Files for Chapter 11 Bankruptcy Protection | Reuters -
Party City filed for Chapter 11 bankruptcy on Tuesday, signaling the latest retailer to seek bankruptcy protection as high inflation has affected consumer...more