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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…