Subscribe: Bankruptcy
Preview: Bankruptcy

PR Newswire: Bankruptcy

Press Releases from PR Newswire about Bankruptcy

Published: Sat, 03 Dec 2016 13:03:09 EST

Last Build Date: Wed, 30 Nov 2016 09:39:00 EST


Dowling College Oakdale And Brookhaven Properties To Be Sold In Bankruptcy By A&G Realty Partners And Madison Hawk

Wed, 30 Nov 2016 09:39:00 EST

(image) OAKDALE, N.Y., Nov. 30, 2016 /PRNewswire/ -- A&G Realty Partners and Madison Hawk have been retained to manage the sale of two properties formerly occupied by Dowling College in Oakdale and Brookhaven, NY. Dowling plans to sell two Suffolk County, Long Island properties through two...

Media Files:

Vertellus Completes Chapter 11 Sale, Poised for Growth as a Financially Stronger Company

Tue, 01 Nov 2016 10:37:00 EDT

INDIANAPOLIS, Nov. 1, 2016 /PRNewswire/ -- Vertellus Specialties Inc., a global manufacturer of fine and specialty chemicals, today announced that it completed the anticipated sale of substantially all of its U.S. and international assets to its prior term loan lenders, a group including...

Performance Sports Group enters into "Stalking Horse" Asset Purchase Agreement with Investor Group Led by Sagard Capital and Fairfax Financial for U.S. $575 million

Mon, 31 Oct 2016 06:34:00 EDT

(image) Commences Voluntary Proceedings under Chapter 11 in the United States and CCAA in Canada Receives Commitment for U.S.$386 million in New DIP Financing Company to Continue Operating Business and Serving Customers As Usual; Will Continue Payment of Employee Wages, Salaries and...

Media Files:

Key Energy Services Commences Reorganization via Voluntary Chapter 11 Filing; Receives Approval of Critical "First Day" Motions

Tue, 25 Oct 2016 17:29:00 EDT

HOUSTON, Oct. 25, 2016 /PRNewswire/ -- Key Energy Services, Inc. ("Key") and certain of its domestic subsidiaries (collectively, the "Debtors") filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code on October 24, 2016 in the United States...

Basic Energy Services Initiates Prepackaged Chapter 11 Proceedings Pursuant To Restructuring Support Agreement

Tue, 25 Oct 2016 06:00:00 EDT

(image) FORT WORTH, Texas, Oct. 25, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") and certain subsidiaries today announced that they had filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the...

Media Files:

STONE ENERGY CORPORATION Announces Entry into Comprehensive Restructuring Support Agreement With Senior Noteholders; Agrees to Sell Appalachia Assets to an affiliate of Tug Hill, Inc.

Thu, 20 Oct 2016 21:45:00 EDT

(image) LAFAYETTE, La., Oct. 20, 2016 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced entry into a comprehensive restructuring support agreement and a purchase and sale agreement for its properties in the Appalachia basin. Restructuring Support Agreement As previously...

Media Files:

Adelphia Recovery Trust Announces Distribution To Beneficiaries And Establishes A Record Date

Mon, 10 Oct 2016 10:48:00 EDT

WILMINGTON, Del., Oct. 10, 2016 /PRNewswire/ -- The Adelphia Recovery Trust (the "Trust") announced today that its Trustees have declared a distribution of $8 million in cash payable on or about October 25, 2016 to holders of interests in the Trust pursuant to the First Modified Fifth...

Caesars Entertainment, Caesars Entertainment Operating Co. Enter into Restructuring Support Agreements with CEOC's Major Creditor Groups

Wed, 05 Oct 2016 11:15:00 EDT

(image) LAS VEGAS, Oct. 5, 2016 /PRNewswire/ -- Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment") and Caesars Entertainment Operating Company, Inc. ("CEOC") and its Chapter 11 debtor subsidiaries (collectively, the "Debtors") have entered into, or...

Media Files:

TCEH Corp., Parent Company for Luminant and TXU Energy, Emerges from Chapter 11 as a Competitive, Well-Capitalized Company

Tue, 04 Oct 2016 07:00:00 EDT

(image) DALLAS, Oct. 4, 2016 /PRNewswire/ -- TCEH Corp. today announced that it and certain of its subsidiaries, including operating businesses Luminant and TXU Energy, have emerged from Chapter 11 as a standalone company effected through a tax-free spinoff from Energy Future Holdings Corp. The...

Media Files:

Garden Fresh Reaches Agreement With Lenders To Restructure Debt

Mon, 03 Oct 2016 10:12:00 EDT

SAN DIEGO, Oct. 3, 2016 /PRNewswire/ --  Company Takes Action to Begin Business Transformation Agreement Anticipates Sale of Business to Second Lien Lenders, Subject to Higher and Better Bids Transformation Plan Expects Closing of between 20-30 Underperforming Restaurants...

Caesars Entertainment and Caesars Entertainment Operating Co. Provide Update on Restructuring

Mon, 26 Sep 2016 06:00:00 EDT

(image) LAS VEGAS, Sept. 26, 2016 /PRNewswire/ -- Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment") and Caesars Entertainment Operating Company, Inc. ("CEOC") and its Chapter 11 debtor subsidiaries (collectively, the "Debtors") today announced that...

Media Files:

Verengo Announces Planned Sale of Assets to Crius Energy Under Section 363 Of Chapter 11

Fri, 23 Sep 2016 16:54:00 EDT

(image) TORRANCE, Calif., Sept. 23, 2016 /PRNewswire/ -- Verengo, Inc., Southern California's leading residential solar panel installer, with over 20,000 systems installed, today announced the proposed sale of substantially all of its assets to Crius Solar Fulfillment LLC, a subsidiary of...

Media Files:

Essar Steel Algoma Extends Stay of Proceedings and Debtor-in-Possession Financing

Fri, 23 Sep 2016 13:30:00 EDT

(image) Confirms Secured Lenders Unite in Recapitalization Proposal SAULT STE. MARIE, ON, Sept. 23, 2016 /PRNewswire/ - Essar Steel Algoma Inc. ("Essar Steel Algoma" or the "Company") obtained an Order today from the Ontario Superior Court of Justice extending the stay of proceedings under...

Media Files:

U.S. Bankruptcy Court approval for Energy Future Holdings to enter into merger agreements with NextEra Energy represents important next step in overall process toward acquisition of Oncor

Mon, 19 Sep 2016 15:42:00 EDT

(image) JUNO BEACH, Fla., Sept. 19, 2016 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that the United States Bankruptcy Court for the District of Delaware has approved Energy Future Holdings Corp. ("EFH") entering into the previously announced definitive agreements with...

Media Files:

Fansteel, Inc. and Subsidiaries Wellman Dynamics Corporation and Wellman Dynamics Machinery & Assembly Inc. File for Chapter 11 of the United States Bankruptcy Code

Thu, 15 Sep 2016 12:24:00 EDT

(image) CRESTON, Iowa, Sept. 15, 2016 /PRNewswire/ -- Fansteel, Inc. and subsidiaries Wellman Dynamics Corporation and Wellman Dynamics Machinery & Assembly Inc. (, a leading manufacturer of precision engineered cast components for the global aerospace, defense, and...

Media Files:

Arch Coal Plan of Reorganization Confirmed by Court

Tue, 13 Sep 2016 13:42:00 EDT

(image) ST. LOUIS, Sept. 13, 2016 /PRNewswire/ -- Arch Coal, Inc. ("Arch" or the "company") today announced that, just over eight months after filing for Chapter 11, the United States Bankruptcy Court for the Eastern District of Missouri has confirmed its Amended Plan of Reorganization (the...

Media Files:

SandRidge Energy's Plan of Reorganization Confirmed by Court

Fri, 09 Sep 2016 15:57:00 EDT

(image) OKLAHOMA CITY, Sept. 9, 2016 /PRNewswire/ -- SandRidge Energy, Inc. ("SandRidge" or the "Company") today announced that its Plan of Reorganization (the "Plan") was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. The Plan received overwhelming support from its...

Media Files:

Garlock and Coltec Bankruptcy Affects Individuals Who Worked Around Gaskets, Packing, or Equipment Containing Asbestos

Mon, 29 Aug 2016 09:15:00 EDT

(image) CHARLOTTE, N.C., Aug. 29, 2016 /PRNewswire/ -- The following is being released by the law firm of Robinson, Bradshaw & Hinson, P.A.: There is a bankruptcy involving claims about exposure to asbestos-containing gaskets, packing, and equipment.  Garlock Sealing Technologies LLC,...

Media Files:

Global Bankruptcy Filings by Oil and Gas Companies - Bankruptcy Filings Garner Momentum in 2016

Thu, 25 Aug 2016 16:47:00 EDT

(image) NEW YORK, Aug. 25, 2016 /PRNewswire/ -- Global Bankruptcy Filings by Oil and Gas Companies - Bankruptcy Filings Garner Momentum in 2016SummaryGlobally more than 100 oil and gas companies have filed for bankruptcy during the Q4 2014 to Q2 2016 period. In 2016, bankruptcy filings have...

Media Files:

B. Riley Financial's GA Australia to Close 63 Masters Home Improvement Stores in Australia

Thu, 25 Aug 2016 09:01:00 EDT

(image) LOS ANGELES, Aug. 25, 2016 /PRNewswire/ -- Great American Group (GA), a leading provider of asset disposition and auction solutions and a subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), was appointed by Woolworths Limited to manage the closure of its Masters Home...

Media Files: