iPic Entertainment Files for Bankruptcy; Pursues Sale
The luxury theater chain hopes to restructure its debt and strengthen its balance sheet.
House: Puerto Rico Rescue Not a Bailout
“Today, the House acted to prevent Puerto Rico's fiscal crisis from escalating to a humanitarian catastrophe," says a co-author of the bill.
IMF Sets Debt Relief as a Condition for Greek Bailout
The fund has been pushing for a restructuring as a condition of giving its support to Greece's latest bailout package.
SandRidge Declares Bankruptcy to Restructure Debt
In a familiar refrain, SandRidge says the oil price slump has left it unable to service the debt load it took on while aggressively pursuing growth.
Paragon Offshore to File Bankruptcy
The oil services provider is the first energy-related company to seek court protection this year as low oil prices continue to hit the industry.
IMF Changes Rules to Avoid Large Bailout Loans
The fund now has the option of short-term debt 're-profiling' for countries whose bailout needs exceed normal IMF borrowing levels.
Millennium Health Files Bankruptcy to Ease Debt
The drug-testing lab's reorganization plan would reduce its obligations under a 2014 credit agreement to $600 million from $1.75 billion.
KKR’s Energy Play Planning Chapter 11 Filing
The downfall of Samson Resources will wipe out the $4.1 billion in cash that private-equity firms led by KKR invested in the oil and gas producer.
Puerto Rico’s Governor Calls For Debt Restructuring Under U.S. Bankruptcy Code
Gov. Padilla asks for changes to the code's Chapter 9, which offers distressed municipalities, but not states or territories, protection from creditors.
Puerto Rico Utility Battles to Restructure Debt
Raising electricity rates to help repay its debt is not an option, says the Puerto Rico Electric Power Authority.