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MONEY® News Category - 'Bankruptcies'

Family Christian Announces Plan for Liquidation

GRAND RAPIDS, Mich., Feb. 23, 2017 (GLOBE NEWSWIRE) — Family Christian is announcing today it will close its doors – after 85 years in business. Changing consumer behavior and declining sales led the world’s largest retailer of Christian themed merchandise to make the difficult decision to close.  Family Christian is a not-for-profit business that employs […]

Toisa Limited Reclaims Control of United Journey in Caribbean

Toisa Limited Reclaims Control of United Journey in Caribbean Ongoing Consensual Restructuring Discussions Continue PR Newswire NEW YORK, Feb. 21, 2017 NEW YORK, Feb. 21, 2017 /PRNewswire/ – Toisa Limited announced today that it has regained control of its vessel United Journey, through a negotiated court order with Citibank N.A., which seized the tanker in the […]

MC Sports To Liquidate All 66 Stores

MC Sports To Liquidate All 66 Stores — Going Out of Business sale by Tiger Group and Great American Group brings discounts on top-name brands to shoppers in Ohio, Michigan, Indiana, Illinois, Iowa, Wisconsin and Missouri. PR Newswire GRAND RAPIDS, Mich., Feb. 17, 2017 GRAND RAPIDS, Mich., Feb. 17, 2017 /PRNewswire/ – MC Sports is closing […]

Stone Energy Corporation Announces Confirmation of Plan of Reorganization

Stone Energy Corporation Announces Confirmation of Plan of Reorganization PR Newswire LAFAYETTE, La., Feb. 15, 2017 LAFAYETTE, La., Feb. 15, 2017 /PRNewswire/ — Stone Energy Corporation (NYSE: SGY) (“Stone” or the “Company”) today announced that the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) issued an order confirming Stone’s Second […]

Samson Resources Confirms Global Settlement Joint Plan of Reorganization and Moves Toward Emergence from Chapter 11

Samson Resources Confirms Global Settlement Joint Plan of Reorganization and Moves Toward Emergence from Chapter 11 PR Newswire TULSA, Okla., Feb. 13, 2017 TULSA, Okla., Feb. 13, 2017 /PRNewswire/ – Samson Resources Corporation (“Samson” or “the Company”) today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed its global settlement joint plan […]

International Bondholder Committee Announces Appeals of Dutch Rulings Concerning Oi Brasil Holdings Coöperatief U.A. and Portugal Telecom International Finance B.V.

International Bondholder Committee Announces Appeals of Dutch Rulings Concerning Oi Brasil Holdings Coöperatief U.A. and Portugal Telecom International Finance B.V. PR Newswire NEW YORK, Feb. 10, 2017 NEW YORK, Feb. 10, 2017 /PRNewswire/ – The Steering Committee of the International Bondholder Committee announced today that it has appealed last week’s decision by the Amsterdam District Court […]

EXO U files a notice of intention under the Bankruptcy and Insolvency Act

EXO U files a notice of intention under the Bankruptcy and Insolvency Act Canada NewsWire MONTREAL, Feb. 10, 2017 MONTREAL, Feb. 10, 2017 /CNW Telbec/ – EXO U Inc. (“EXO U” or the “Corporation”)”) (TSX Venture EXO), announced today that it has filed a Notice of intention to Make a Proposal pursuant to the Bankruptcy […]

Hilco Streambank to Sell Intellectual Property of The Wet Seal, LLC.

Hilco Streambank to Sell Intellectual Property of The Wet Seal, LLC. Proposed Bid Deadline Tuesday February 28, 2017 at 5PM ET PR Newswire NEW YORK, Feb. 10, 2017 NEW YORK, Feb. 10, 2017 /PRNewswire/ — Hilco Streambank (www.hilcostreambank.com) has been retained, subject to Court approval, to market and sell the intellectual property assets of The […]

Vanguard Natural Resources to Be Removed from the Alerian Small Cap MLP Index

Vanguard Natural Resources to Be Removed from the Alerian Small Cap MLP Index PR Newswire DALLAS, Feb. 2, 2017 DALLAS, Feb. 2, 2017 /PRNewswire/ – Alerian announced today that Vanguard Natural Resources (NASDAQ: VNR) will be removed from the Alerian Small Cap MLP Index (AMSI) in a special rebalancing after market close on Thursday, February 2, […]

Vanguard Natural Resources, LLC Files for Chapter 11 Protection

Vanguard Natural Resources, LLC Files for Chapter 11 Protection PR Newswire HOUSTON, Feb. 2, 2017 HOUSTON, Feb. 2, 2017 /PRNewswire/ – Vanguard Natural Resources, LLC (NASDAQ: VNR) (together with its wholly owned subsidiaries, collectively, “Vanguard” or the “Company”) today announced that the Company has voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy […]

Scout Media Announces Auction Results

NEW YORK, Feb. 01, 2017 (GLOBE NEWSWIRE) — Scout Media, Inc. (“Company”) announced today that the Company held an auction under Bankruptcy Code section 363 for substantially all of its assets and that CBS 247 Inc. submitted the winning bid. The bid requires Bankruptcy Court (“Court”) approval. Scout anticipates the sale will close by the […]

Titans of Mavericks, LLC announces asset sale through Chapter 11

Titans of Mavericks, LLC announces asset sale through Chapter 11 PR Newswire SAN FRANCISCO, Feb. 1, 2017 SAN FRANCISCO, Feb. 1, 2017 /PRNewswire/ – Titans of Mavericks, LLC, Surfing’s premier event and lifestyle brand and its affiliate Cartel Management, Inc. filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the Central District of […]

Azure Midstream Partners, LP Voluntary Filing For Relief Under Chapter 11

Azure Midstream Partners, LP Voluntary Filing For Relief Under Chapter 11 PR Newswire DALLAS, Jan. 30, 2017 DALLAS, Jan. 30, 2017 /PRNewswire/ – Azure Midstream Partners, LP (the “Company“) (OTCQB: AZUR) today announced that the Company, along with its affiliates and certain subsidiaries, commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern […]

WMI Liquidating Trust Announces Cash Distribution Of Approximately $19 Million

WMI Liquidating Trust Announces Cash Distribution Of Approximately $19 Million PR Newswire SEATTLE, Jan. 30, 2017 SEATTLE, Jan. 30, 2017 /PRNewswire/ – WMI Liquidating Trust (the “Liquidating Trust”), formed pursuant to the confirmed Seventh Amended Joint Plan of Affiliated Debtors under Chapter 11 of the United States Bankruptcy Code (as modified, the “Plan”) of Washington Mutual, […]

Toisa Limited And 23 Affiliates File Voluntary Chapter 11 Amid Global Oil Slump

Toisa Limited And 23 Affiliates File Voluntary Chapter 11 Amid Global Oil Slump COMPANY BUSINESS OPERATIONS TO CONTINUE UNINTERRUPTED PR Newswire NEW YORK, Jan. 30, 2017 NEW YORK, Jan. 30, 2017 /PRNewswire/ – Toisa Limited and 23 of its affiliated vessel-owning companies (collectively, the “Company“) announced today that it has filed voluntary petitions for reorganization under […]

Caesars Entertainment, Caesars Entertainment Operating Co. Announce Confirmation of CEOC’s Plan of Reorganization

Caesars Entertainment, Caesars Entertainment Operating Co. Announce Confirmation of CEOC’s Plan of Reorganization PR Newswire LAS VEGAS, Jan. 17, 2017 LAS VEGAS, Jan. 17, 2017 /PRNewswire/ — Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars Entertainment” or the “Company”) and Caesars Entertainment Operating Company, Inc. (“CEOC”) and its Chapter 11 debtor subsidiaries (collectively, the “Debtors”) today announced that the U.S. Bankruptcy […]

Limited Stores Files Voluntary Petition for Relief Under Chapter 11; Signs Agreement with “Stalking Horse” Bidder for Intellectual Property and E-Commerce Business

Limited Stores Files Voluntary Petition for Relief Under Chapter 11; Signs Agreement with “Stalking Horse” Bidder for Intellectual Property and E-Commerce Business Agreement Anticipates Sale to Sycamore Partners, Subject to Higher and Better Bids PR Newswire COLUMBUS, Ohio, Jan. 17, 2017 COLUMBUS, Ohio, Jan. 17, 2017 /PRNewswire/ – Limited Stores, LLC (“the Company”), parent company of […]

Statement by Peabody Energy

Statement by Peabody Energy PR Newswire ST. LOUIS, Jan. 15, 2017 ST. LOUIS, Jan. 15, 2017 /PRNewswire/ – Attempts by parties to appoint an equity committee have generated media reports based on inaccuracies and speculation raised by those parties.  This statement is intended to address questions regarding steps leading up to Chapter 11, the request for […]

Performance Sports Group Provides Update Regarding Reporting And Regulatory Matters

Performance Sports Group Provides Update Regarding Reporting And Regulatory Matters PR Newswire EXETER, N.H., Jan. 12, 2017 EXETER, N.H., Jan. 12, 2017 /PRNewswire/ – Performance Sports Group Ltd. (OTC: PSGLQ) (“Performance Sports Group” or the “Company”), a leading developer and manufacturer of high performance sports equipment and apparel, and certain of its U.S. and Canadian subsidiaries […]

Performance Sports Group Provides Update Regarding Reporting And Regulatory Matters

Performance Sports Group Provides Update Regarding Reporting And Regulatory Matters Canada NewsWire EXETER, N.H., Jan. 12, 2017 EXETER, N.H., Jan. 12, 2017 /CNW/ – Performance Sports Group Ltd. (OTC: PSGLQ) (“Performance Sports Group” or the “Company”), a leading developer and manufacturer of high performance sports equipment and apparel, and certain of its U.S. and Canadian subsidiaries […]

Dominion Resources Black Warrior Trust Termination

Dominion Resources Black Warrior Trust Termination PR Newswire DALLAS, Dec. 30, 2016 DALLAS, Dec. 30, 2016 /PRNewswire/ — As previously announced, Southwest Bank, the trustee of the Dominion Resources Black Warrior Trust (the “Trust“), was informed by Walter Energy, Inc., the parent of Walter Black Warrior Basin LLC (the “Company“), that it, together with certain […]

Basic Energy Services, Inc. To Continue Listing New Shares Of Common Stock And Resume Trading Under Ticker “BAS” Following Emergence From Chapter 11 Reorganization

Basic Energy Services, Inc. To Continue Listing New Shares Of Common Stock And Resume Trading Under Ticker “BAS” Following Emergence From Chapter 11 Reorganization PR Newswire FORT WORTH, Texas, Dec. 22, 2016 FORT WORTH, Texas, Dec. 22, 2016 /PRNewswire/ – Basic Energy Services, Inc. (NYSE: BAS) (“Basic” or the “Company”) today announced that the Company received […]

Dakota Plains Holdings, Inc. Begins Voluntary Chapter 11 Proceeding

Dakota Plains Holdings, Inc. Begins Voluntary Chapter 11 Proceeding PR Newswire WAYZATA, Minn., Dec. 21, 2016 WAYZATA, Minn., Dec. 21, 2016 /PRNewswire/ – Dakota Plains Holdings, Inc. (the “Company” or “Dakota Plains”) (NYSE MKT: DAKP) announced today that it and six of its wholly owned subsidiaries filed voluntary Chapter 11 petitions in the United States Bankruptcy […]

ModSpace Announces Financial Restructuring

$400 Million of Debt to be Eliminated; Capital Infusion of $90 Million; New $719 Million Credit Facility No Impact or Impairment to Employees, Customers and Vendors BERWYN, Pa., Dec. 21, 2016 (GLOBE NEWSWIRE) — Modular Space Corporation (“ModSpace” or “Company”) today announced that it has entered into a comprehensive financial restructuring agreement (the “Restructuring”) with its […]

Noble Environmental Power LLC Completes Financial Restructuring and Emerges from Chapter 11

Noble Environmental Power LLC Completes Financial Restructuring and Emerges from Chapter 11 PR Newswire CENTERBROOK, Conn., Dec. 15, 2016 CENTERBROOK, Conn., Dec. 15, 2016 /PRNewswire/ – Noble Environmental Power LLC announced today that it has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, a process initiated on September 15, 2016.  Noble’s Amended Plan […]