March 2021

This is one for the history books.Oil opened down around 25% on Monday, the biggest drop in decades, and broader financial markets fell so precipitously that circuit breakers put in place during periods of volatility tripped,…

It's been a long week and we know, it's only Tuesday. Don't worry, we've got you covered. Stay in the know with BOHThe weekly news digest, including company headlines, launches and events, recommended reading and more. SCANDAL AT…

Recently restructured Sungard Availability Services announced this week that it has a new board of directors and two new C-level executives. Half of the new board is made up of representatives…

…

(CNN) -- Chris and Shanann Watts detailed their lives on social media. They shared photos from beach vacations in San Diego and screenshots of romantic text messages. They gushed about their daughters, Bella and Celeste, and…

--(BUSINESS WIRE)--Wolters Kluwer Tax and Accounting: What: Due to Covid-19 shutdown orders, many businesses that have closed or had to drastically reduce operations are considering the alternatives available to deal with the…

Advocates say more service members could risk losing their security clearances if they don't watch their finances, due to changes to the rules of the security clearance process.Under the new guidelines, officials will conduct “continuous”…

Subscribe on LinkedIn to be informed of each new daily update - a curated selection of essential information on financial markets and the global economy from S&P Global. In addition to heightening national and geopolitical tensions and…

The news that Remington Outdoor plans to write off $700 million in debt as part of a planned bankruptcy filing marks yet another financial wound for the company that proudly bills itself as "America's Oldest Gunsmith."Sales for many US…

SAN JOSE, Calif. (KRON) – The Fairmont San Jose filed for Chapter 11 reorganization bankruptcy on Friday. The hotel closed as they were looking for a management partner and "extending existing mortgage debt". The few customers…

There's an unusual asset to be won in Century 21 Stores' exit sale: a stake in its long-running legal fight against insurers. The New York department store company, which filed for bankruptcy in September, says it owes more than…

Hertz allowed to sell $1 billion in shares despite bankruptcy /node/1689151/business-economy Updated on June 13, 2020 June 13, 2020 01:42 Hertz allowed to sell $1 billion in shares despite bankruptcy An unusual…

Neiman Marcus Group Inc. filed for bankruptcy Thursday after efforts to manage its crushing debt load collapsed amid the coronavirus outbreak.The Chapter 11 filing in Texas gives the Dallas-based luxury retailer a break from its debts by…

Canada: Appearances can be deceiving: a recharacterization of a secured creditor's claim as a capital contribution …

In a Florida case that could have wider implications, a federal appeals court on Tuesday upheld a US Small Business Administration ruling that bars businesses from receiving Paycheck Protection…

Directors of public companies decide, but federal judges rule, and a Federal Court ruling has raised the specter of directors less willing to sell to private equity firms because of the risk that they would be personally liable for this…

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. ST. LOUIS COUNTY, MO — The company that owns West County Center,…

Remington Outdoor Co. filed for bankruptcy for the second time in two years with plans to sell the 200-year-old gun maker.The company said reduced arms sales were preventing it from making money, even after restructuring its finances in its…

Doug Lawler, President and CEO, Chesapeake Energy/ Photographer: F. Carter Smith © 2014 Bloomberg Finance L.P. Chesapeake Energy, one of the largest and most successful oil and gas producers in the country,…

"It's the most historic and richest menswear institution we've had in this country," said Alan Flusser, a tailor and author of numerous books on men's style. However, he added, "for many years it has been more of a memory than a reality in…

ROCKFORD, Ill. (WIFR) – CBL Properties, owner of CherryVale Mall, has filed for Chapter 11 bankruptcy, according to a press release on Tuesday.Day-to-day operations and activities of the Company's wholly-owned, joint-venture and third-party…

PASCO - A major Columbia Basin feedlot operator filed for bankruptcy days after being accused by its sole client of $225 million in!-->!-->!-->…

The Reading Eagle, part-owned by two of America's wealthiest families, filed for bankruptcy Wednesday afternoon as the local news industry continues to be battered.Peter D. Barbey, general manager of Reading Eagle Co., revealed the news of…

Editor's note: This article was modified on 06/04/2020 to reflect an update to the financial model. Carnival Corporation PLC (NYSE: CCL) recently raised $5.75 billion in debt and issued $500 million in common stock at $8/share. To help…

Sen. Elizabeth Warren, D-Mass.Bill Clark | CQ roll call | Getty ImagesDemocratic presidential candidate Senator Elizabeth Warren took on the private equity industry on Thursday morning, proposing new regulations for an industry some have…

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. Mystery is no stranger to the Great Pyramid of Giza. For…

Greece's dramatic debt crisis has captured global media attention as the depression-ridden country flirts with bankruptcy and a possible exit from the euro. Inevitably, reporters and editors (including those of this paper) have taken…

The apparel retailer said Monday it had filed for Chapter 11 proceedings in federal bankruptcy court in the Eastern District of Virginia. The company also said it reached an agreement with its lenders to convert about $1.65 billion of debt…

Text size Chesapeake has more than $8 billion in net debt and its profits are not…

An order suspending new filings under the Insolvency and Bankruptcy Code (IBC) by any class of creditors or even the debtor company for a period of six months is now imminent. This is necessary to avoid the likelihood…

On December 27, 2020, President Donald J. Trump signed into law the Consolidated Appropriations Act of 2021 (“CAA”). The CAA was enacted in part to extend the economic stimulus provided by the Coronavirus, Aid, Relief and Economic…

Arts and crafts retailer Michaels said on Wednesday it had agreed to be sold to private equity giant Apollo Global Management for $22 a share in a deal valued at $5 billion.The shareholder offer represents a 47% premium to a week ago,…

Allied Financial LogoDETROIT (AP) — The U.S. government hopes Monday's bankruptcy filing by struggling mortgage business Ally Financial Inc. will help the company repay its government bailout faster.Residential Capital LLC, or ResCap, has!-->!-->…

Your Toys R Us Shopping Questions AnsweredAre you looking for company exit offers? Have unused gift cards? Here's what shoppers need to know as Toys R Us closes its stores.USA TODAYToys R Us' sudden implosion came about six months after…

Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and gas producers, oil services, and midstream bankruptcies from early 2015 through 2019. Over the entire five-year…

Although we normally try to stay away from celebrity gossip, we can't ignore the latest Kanye West tweet controversy. No, not that one – the other one. In 2016, Kanye announced that he would release his album, The Life of Pablo,…

The Braxton sisters have been in the music and entertainment industry since the late 80s. Although the five sisters - Toni, Traci, Towanda, Trina and Tamar - started out together in a band, Toni would be the star of the breakout,…

Airlines around the world are grounding planes, laying off workers and scrambling to preserve cash as measures to contain the outbreak lead to flight bans and wipe out global travel demand. The world's three largest airline alliances,…

Low-cost carrier Norwegian has sent its financial restructuring plan to the Irish and Norwegian courts, as it seeks permission from creditors and shareholders to proceed with the remodeling of its business and launch a capital raise. The…

LOUISVILLE, Ky. -- Three out of four Kentucky residents are worried about health care, according to a new statewide poll that also found dissatisfaction with the current health care system in both sides of…

Hardly anyone is shopping because of the COVID-19 pandemic, and no one knows when business will return to normal. On Friday, JC Penney became the…

Legendary fund manager Li Lu (whom Charlie Munger once backed) once said, “The greatest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital. When we think of a company's risk, we always…

Farmers are declaring bankruptcy in "record numbers" and President Donald Trump is to blame, said Democratic Representative Tulsi Gabbard. The Hawaii congresswoman is running for president in the 2020 election. "Trump's unstable and…

After several years of low farm income and rising debt levels, a review of data from the Federal Deposit Insurance Corporation's Quarterly Call Report reveals that commercial agricultural loan default rates…

That's what CBL & Associates Properties Inc., which controls more than 100 commercial properties, including malls and malls, discovered. The real estate investment trust spent months trying to restructure out of court before filing…

Brooklyn, New York--(Newsfile Corp. - March 11, 2021) - Green Stream Holdings Inc. (OTC PINK: GSFI) ("the Company") (http://www.GreenRainSolar.com), an emerging leader in the solar utilities and finance space, today announces that it meets…

Speaking in his own defense Wednesday in Dallas bankruptcy court, a former Northwestern Arkansas real estate developer said he never intended to deceive his creditors and revealed that he had cancer. Bill Schwyhart and his wife, Carolyn,…

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. The House of Representatives passed a $1.9 trillion COVID-19…

By Aymen Jamli - Tunisia's state-owned enterprises are in dire straits, facing a perfect storm of debt, mismanagement, the coronavirus pandemic and a decade of political instability that could push some into bankruptcy,…

Nobody likes to talk about personal bankruptcy. It's the atomic bomb of personal finance: we all know it exists, but it's really scary, and most of us hope it will never affect our lives in any way.…

While the names on the backs of the shirts have changed over the decades, from Strawberry to Syndergaard, the chain store that sold them has been a fixture for over a century: Modell's Sporting Goods.But now the company's run — the one that…

Content of the article The trials and tribulations of Tiger Woods' former mistress, Rachel Uchitel, continue apace. Content of the article Today, America's most notorious home wrecker was kicked out of her apartment and allegedly owes…

Chicago's Mercy Hospital & Medical Center filed for bankruptcy on Feb. 10, amid its closure plan that has been challenged in the community. The Chapter 11 plan includes shutting down inpatient intensive care services, Mercy's owner…

The brand has closed nearly 500 stores in four and a half years.Ruby Tuesday emerged from bankruptcy "a healthier business," CEO Shawn Lederman said Wednesday. It is also significantly smaller. Ruby Tuesday filed for bankruptcy protection…

through: DEE-ANN DURBIN, Associated Press Job : June 25, 2020 / 4:07 p.m. EDT / Update: June 25, 2020 / 7:17 p.m. EDT This is an archived!-->…

MISSION, TX, February 3, 2021 /PRNewswire/ -- Frontera Holdings LLC (Frontier or the Company) today announced that it has entered into a Restructuring Support Agreement (RSA) with approximately 97% of its term lenders, 100% of its…

The financial constraints caused by the coronavirus have affected the global economy and its outlook is still unknown and bleak. Companies in all industries around the world have taken all kinds of measures to mitigate losses, preserve…

BLANTYRE, Malawi (Thomson Reuters Foundation) - A senior traditional leader in Malawi has ordered village chiefs to dissolve all child marriages that have taken place during the country's coronavirus lockdown so that girls can return to…

Click here for the latest coronavirus news, which the BDN has made free to the public. You can support our critical reports on the coronavirus by buy a digital subscription Where donate directly to the editorial…

Additional objections have been filed against a Chapter 11 reorganization plan proposed by majority bondholders for the Clare Oaks Senior Living retirement community based in Barlett, Illinois. In addition to an…

The HNA Group conglomerate encompasses at least three facets that have defined many Chinese companies overbuying in recent years. These include origins in a defined industry with attempts to become a player in dozens of unrelated fields;…

Frontier Communications agreed to quarterly meetings with the House Technology and Infrastucture Committee on Wednesday, as well as the creation of a liaison between the company and the constituents…

New York Governor Andrew Cuomo greets people after speaking at a vaccination site on Monday, March 8, 2021 in New York City. AP Photo / Seth Wenig, Pool New York will reduce COVID-19 vaccine eligibility from 65 to 60 this week and soon…

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said "volatility is far from risk." So it seems like smart money knows that debt - which is usually involved in bankruptcies…

Three cents. Two cents. Even just 0.125 cents on the dollar. More and more, this is the kind of junk that bondholders fight for as…

On February 19, 2020, the Small Business Reorganization Act entered into force. The aim of the new law is to provide an alternative and more streamlined route to Chapter 11 reorganizations for small debtor businesses (including sole…

AUSTIN, Texas - The National Rifle Association announced Friday that it has filed for bankruptcy and will seek to incorporate the nation's most politically influential gun rights group in Texas instead of New York.The announcement came…

Mall owner CBL & Associates Properties Inc., which filed for bankruptcy last year, agreed to try to settle a dispute with a bank over $ 1.1 billion in loans to the 'business. Chattanooga-based CBL was scheduled to…

Friday, December 18, 2020 In this time of macroeconomic uncertainty, there are a number of key differences between French and US bankruptcy laws that…

Background Due to the economic contraction and the impact of the COVID-19 epidemic, many business operators are facing financial difficulties. Some companies may decide to reorganize their business through rehabilitation to avoid being…

Law360 (December 9, 2020, 10:39 p.m. EST) - A Texas bankruptcy judge dismissed a petition seeking the appointment of an official fairness committee Wednesday night in the Chapter 11 case of offshore oil driller Valaris, claiming that…

MKM Partners analyst Eric Handler on Wednesday moved the stock of exhibition giant AMC Theaters from "sell" to "neutral", arguing that "the risk of short-term bankruptcy appears to have eased" . He increased his estimate of…

Bankruptcy is a last resort for clients who are financially distressed and involves many tax decisions. According to the US Courts Administrative Office, bankruptcy filings decreased slightly in the fiscal year ending March 31. The March…