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PR Newswire: Bankruptcy

Press Releases from PR Newswire about Bankruptcy

Published: Fri, 18 Aug 2017 04:46:32 EDT

Last Build Date: Thu, 17 Aug 2017 11:21:00 EDT


Lehman Brothers Inc. Trustee Reports on Substantial Progress in Winding Down Estate

Thu, 17 Aug 2017 11:21:00 EDT

NEW YORK, Aug. 17, 2017 /PRNewswire/ -- James W. Giddens, the Trustee for the liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor Protection Act (SIPA) and of the law firm Hughes Hubbard & Reed LLP, today reported on the state of the LBI estate to the United States...

Crossroads Systems, Inc. files Chapter 11 case and prepackaged plan of reorganization, announces new investor and access to capital for acquisitions

Mon, 14 Aug 2017 18:01:00 EDT

(image) AUSTIN, Texas, Aug. 14, 2017 /PRNewswire/ -- Crossroads Systems, Inc., (NASDAQ: CRDS) today announced that it has filed a case under Chapter 11 of the Bankruptcy Code and a prepackaged Chapter 11 plan of reorganization ("Plan") that has been accepted by the holders of more than 2/3 of the...

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Nuverra Completes Successful Restructuring And Emerges From Chapter 11 With Over $70 Million In New Financing And Debt Level Reduced By Over $500 Million

Fri, 11 Aug 2017 16:45:00 EDT

(image) SCOTTSDALE, Ariz., Aug. 11, 2017 /PRNewswire/ -- Nuverra Environmental Solutions, Inc. ("Nuverra" or the "Company") announced today that, on August 7, 2017 (the "Effective Date"), the Company and its material subsidiaries emerged from Bankruptcy protection under chapter 11 of the United...

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Payless ShoeSource Successfully Completes Financial Restructuring and Emerges from Chapter 11

Thu, 10 Aug 2017 11:06:00 EDT

(image) TOPEKA, Kan., Aug. 10, 2017 /PRNewswire/ -- Payless ShoeSource ("Payless," "the Company") today announced that it has successfully emerged from its Chapter 11 restructuring as the number one specialty footwear retailer in the U.S. and one of the largest in the world with about 3,500 brick...

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Sealed Bid Turnkey Sale Set for Laboratory, Real Estate, Other Assets of Confirmatrix Laboratory Inc.

Thu, 03 Aug 2017 12:28:00 EDT

(image) LAWRENCEVILLE, Ga., Aug. 3, 2017 /PRNewswire/ -- By order of the U.S. Bankruptcy Court, Tiger Group, in cooperation with Auction Management Corp., is conducting a sealed bid offering for the turnkey sale of the late-model facility, real property and other assets of Confirmatrix Laboratory...

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Vanguard Natural Resources, LLC Successfully Completes Financial Restructuring

Tue, 01 Aug 2017 20:14:00 EDT

HOUSTON, Aug. 1, 2017 /PRNewswire/ -- Vanguard Natural Resources, LLC announces that it successfully completed its financial restructuring and emerged from Chapter 11 as a new corporation under the name of Vanguard Natural Resources, Inc. ("Vanguard" or the "Company"). Through its...

Tidewater Successfully Completes Financial Restructuring And Emerges From Chapter 11 Bankruptcy

Mon, 31 Jul 2017 11:10:00 EDT

(image) NEW ORLEANS, July 31, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") announced that effective today the Company and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization pursuant to the Second...

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2017's Second Quarter Goes Down in History: The First Time a U.S. Territory Files for Bankruptcy

Thu, 27 Jul 2017 13:23:00 EDT

(image) NEW YORK, July 27, 2017 /PRNewswire/ -- The second quarter of 2017 made history as the first time a U.S. territory filed for bankruptcy, when Puerto Rico started to restructure its $70 billion in debt, according to The Deal, a business unit of TheStreet, Inc. (NASDAQ: TST)....

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Dynamic International Airways Files Chapter 11 Petition

Wed, 19 Jul 2017 20:01:00 EDT

HIGH POINT, N.C., July 19, 2017 /PRNewswire/ -- US based air carrier, Dynamic International Airways has filed a voluntary Chapter 11 petition with the United States Bankruptcy Court in the Middle District of North Carolina, Greensboro Division.  The airline's decision to file follows...

Vanguard Natural Resources, LLC Announces Confirmation of Plan of Reorganization

Wed, 19 Jul 2017 09:52:00 EDT

(image) HOUSTON, July 19, 2017 /PRNewswire/ -- Vanguard Natural Resources, LLC (OTC: VNRSQ) ("Vanguard" or "the Company") announces that the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") has entered an order (the "Confirmation Order") confirming the...

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Vanguard Natural Resources, LLC Announces Extension of Deadline for Common Unitholders to Vote on the Plan of Reorganization

Wed, 12 Jul 2017 20:42:00 EDT

(image) HOUSTON, July 12, 2017 /PRNewswire/ -- As previously disclosed, Vanguard Natural Resources, LLC (OTC: VNRSQ) ("Vanguard" or "the Company") has distributed to all holders of the Company's securities a disclosure statement relating to the Second Amended Joint Plan of Reorganization Pursuant...

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Searchmetrics Issues Statement on Chapter 11 Case

Thu, 29 Jun 2017 20:35:00 EDT

(image) SAN MATEO, Calif., June 29, 2017 /PRNewswire/ -- Today the United States Bankruptcy Court for the District of Delaware ruled that it intends to enter an order dismissing Searchmetrics Inc.'s bankruptcy case. Notwithstanding the pending dismissal of the bankruptcy case, Searchmetrics...

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BioNitrogen Announces Results of Chapter 11 Process, The Shutdown of All Corporate Activity and the Resignation of Chairman and CEO, Graham Copley

Tue, 27 Jun 2017 12:51:00 EDT

(image) DORAL, Fla., June 27, 2017 /PRNewswire/ -- BioNitrogen (OTC PINK: BIONQ) is today confirming that it was unable to reorganize under the protection of the Chapter 11 process given the unproven nature of the technologies and the difficult environment in the global Urea market over...

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Five companies in stockbroker's high-risk recommendations including BreitBurn and LINN all declared bankruptcy - Claim alleges

Tue, 20 Jun 2017 11:57:00 EDT

(image) FT. LAUDERDALE, Fla., June 20, 2017 /PRNewswire/ -- Five companies recommended in a stockbroker's high-risk strategy, including BreitBurn Energy Partners LP. (OTC: BBEPQ) and LINN Energy LLC (OTC: LNGG), all declared bankruptcy, a Claim filed by a former customer of a brokerage firm...

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NAMIC anuncia la convocatoria de candidaturas para la edición 2017-2018 y generación XVII del Programa para el Desarrollo de Liderazgos Ejecutivos (ELDP)

Wed, 14 Jun 2017 20:14:00 EDT

(image) NUEVA YORK, 14 de junio de 2017 /PRNewswire-HISPANIC PR WIRE/ -- La National Association for Multi-ethnicity in Communications (Asociación Nacional para la Multietnicidad en las Comunicaciones, NAMIC) ya está recibiendo candidaturas para la edición 2017-2018 y generación XV...

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Soupman, Inc. Files For Bankruptcy Protection

Tue, 13 Jun 2017 18:20:00 EDT

(image) NEW YORK, June 13, 2017 /PRNewswire/ -- Soupman, Inc. (OTCQB: SOUP)("SM"), a producer and marketer of high-quality branded soups bearing the name "Original Soupman" today announced that it has filed for Chapter 11 bankruptcy protection. SM also announced it has secured a new $2 million...

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BCBG Reaches Agreement on Comprehensive Restructuring

Fri, 09 Jun 2017 09:15:00 EDT

LOS ANGELES, June 9, 2017 /PRNewswire/ -- BCBG Max Azria Group, LLC ("BCBG" or the "Company") is pleased to announce that the Company and certain of its affiliates have reached an agreement on a comprehensive restructuring which contemplates the sale of substantially all the assets of the...

Cerro Grande Mining Corporation Announced that its Wholly Owned Subsidiary, Compañia Minera Pimenton, has Filed for Voluntary Bankruptcy Under the Laws of Chile.

Fri, 02 Jun 2017 12:50:00 EDT


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Azure Midstream Partners, LP Announces Effectiveness of Plan of Liquidation

Fri, 02 Jun 2017 12:11:00 EDT

(image) DALLAS, June 2, 2017 /PRNewswire/ -- As previously disclosed, on May 19, 2017 the United State Bankruptcy Court for the Southern District of Texas, Houston Division (the "Court") approved Azure Midstream Partners, LP,'s (the "Partnership" and together with its general partner and direct...

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International Shipholding Corporation Advances Towards Emergence From Bankruptcy As A Subsidiary Of SEACOR Holdings Inc.

Thu, 01 Jun 2017 20:11:00 EDT

NEW ORLEANS, June 1, 2017 /PRNewswire/ -- International Shipholding Corporation ("ISH" or the "Company") today announced that it has received the necessary approvals from the U.S. Department of Transportation Maritime Administration thereby satisfying certain conditions precedent to the...