Fred’s to Close All Stores in Chapter 11 Bankruptcy Liquidation
The discount retailer has been reporting yearly losses since 2015.
When the International Tail Wags the Domestic Dog
Seemingly minor overseas issues can significantly affect a restructuring or distressed-sale transaction by a U.S. parent company.
Fire Forces Philadelphia Energy Solutions to File for Bankruptcy
The largest refinery on the U.S. East Coast was forced to file for bankruptcy protection after an explosion and fire last month.
Coal Bankruptcies Continue With Blackhawk Filing
The company is seeking to reduce a $1 billion debt burden resulting from acquisitions of the assets of distressed mining firms.
Flower Delivery Service FTD Files Bankruptcy
The company says its finances have wilted as the expected benefits from its $430 million acquisition of ProFlowers have not materialized.
Shutter Maker Files Chapter 11 With Sale Plan
American Home Products has accepted a "stalking horse" bid for its assets, which include the Louver Shop and Danmer brands.
Hollander Sleep Products Files Chapter 11
The bedding products maker says materials price increases and costs to integrate an acquisition have left it with only $523,000 in cash on hand.
SEC Charges Bring Long Fraud Saga to a Close
Five years after GT Advanced Technologies went bankrupt, the company and its ex-CEO, facing overwhelming evidence, cop to SEC allegations.
GE’s Subprime Loan Business Files Chapter 11
WMC Mortgage sought bankruptcy protection to resolve remaining legal liabilities over defective loans it originated before the 2008 financial crisis.
Sears Accuses ex-CEO of Looting $2B in Assets
The bankrupt retailer alleges Eddie Lampert and other investors siphoned off assets for their own gain through fraudulent spinoffs and other deals.
Judge OKs $5.5B Financing Package for PG&E
The Chapter 11 financing is secured by PG&E assets, raising concerns over what could happen if the utilty defaults.