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MONEY® News Category - 'Bankruptcies'

Three of Rockwell subsidiaries have interim liquidation order issued by court in Kimberley, South Africa

Three of Rockwell subsidiaries have interim liquidation order issued by court in Kimberley, South Africa Canada NewsWire VANCOUVER, March 24, 2017 VANCOUVER, March 24, 2017 /CNW/ - Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX:RDI; JSE:RDI)  announces that a judge in Kimberley South Africa issued an interim liquidation order against three subsidiaries of the Company yesterday. […]

Ultrapetrol (Bahamas) Limited Prepackaged Chapter 11 Plan Confirmed by Court

NASSAU, Bahamas, March 21, 2017 (GLOBE NEWSWIRE) — Ultrapetrol (Bahamas) Limited (the “Company”), a Bahamas corporation, announced today that the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) confirmed its Second Amended Prepackaged Plan of Reorganization (the “Plan”) on March 17, 2017 (In re Ultrapetrol (Bahamas) Limited, Chapter 11 Case No. […]

SquareTwo Financial Announces Portfolio Asset Sale To Resurgent Holdings And Court Supervised Business Restructuring

SquareTwo Financial Announces Portfolio Asset Sale To Resurgent Holdings And Court Supervised Business Restructuring U.S. Operations to be Wound Down; Canadian Operations to Remain in Place Transaction Facilitated Through “Prepackaged” Chapter 11 Filing with Support of Lenders Normal Business Operations at SquareTwo Expected to Continue During Process PR Newswire DENVER, March 19, 2017 DENVER, March […]

Ed Rempel Keynote Financial Speaker :: SOURCES.COM

Ed Rempel is a financial advisor in Ontario and is known as one of the top keynote financial speakers in Canada. Ed has spent years in the financial services industry and is a proven winner and an advocate for Canadian financial literacy.  SOURCES.COM is proud to have Edward Andrew Rempel on board as a highly […]

WMI Liquidating Trust Issues Statement On Escrow CUSIPS

WMI Liquidating Trust Issues Statement On Escrow CUSIPS PR Newswire SEATTLE, March 16, 2017 SEATTLE, March 16, 2017 /PRNewswire/ – WMI Liquidating Trust (the “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, Inc. (“WMI”), today […]

Ultra Petroleum Announces 2017 Capital Investment Program And Financial And Operational Guidance

Ultra Petroleum Announces 2017 Capital Investment Program And Financial And Operational Guidance Canada NewsWire HOUSTON, March 15, 2017 HOUSTON, March 15, 2017 /CNW/ — Ultra Petroleum Corp. (“Ultra”) (OTC: UPLMQ) announced its capital investment program and financial and operational guidance for 2017. The company’s Board of Directors approved the planned 2017 drilling and completion capital […]

Ultra Petroleum Announces 2017 Capital Investment Program And Financial And Operational Guidance

Ultra Petroleum Announces 2017 Capital Investment Program And Financial And Operational Guidance PR Newswire HOUSTON, March 15, 2017 HOUSTON, March 15, 2017 /PRNewswire/ — Ultra Petroleum Corp. (“Ultra”) (OTC: UPLMQ) announced its capital investment program and financial and operational guidance for 2017. The company’s Board of Directors approved the planned 2017 drilling and completion capital […]

Sungevity, Inc. Announces Plan To Strengthen Balance Sheet And Restructure Company

Sungevity, Inc. Announces Plan To Strengthen Balance Sheet And Restructure Company – Voluntarily Files for Chapter 11 Protection – Enters Into An Asset Purchase Agreement Led by Northern Pacific Group – Secures $20 million Financing to Fund Day-to-Day Business – Company’s Operations Will Continue Uninterrupted PR Newswire OAKLAND, Calif., March 13, 2017 OAKLAND, Calif., March […]

Aquion Energy, Inc. Files Voluntary Petition Under Chapter 11 to Target a Sale of Assets

Aquion Energy, Inc. Files Voluntary Petition Under Chapter 11 to Target a Sale of Assets PR Newswire PITTSBURGH, March 8, 2017 PITTSBURGH, March 8, 2017 /PRNewswire/ — Aquion Energy Inc. (“Aquion” or the “Company”), the developer and manufacturer of Aqueous Hybrid Ion (AHI™) batteries and energy storage systems, announced today that it has filed a […]

Contura Increases Export Capacity Through Strategic DTA Ownership Transaction

Contura Increases Export Capacity Through Strategic DTA Ownership Transaction PR Newswire BRISTOL, Tenn., March 7, 2017 BRISTOL, Tenn., March 7, 2017 /PRNewswire/ – Contura Energy, Inc., a leading U.S. coal supplier, today announced its successful bid to significantly increase the company’s ownership stake in Dominion Terminal Associates (DTA), a world-class coal export facility located in Newport […]

International Shipholding Corporation’s Plan of Reorganization Confirmed by Bankruptcy Court

International Shipholding Corporation’s Plan of Reorganization Confirmed by Bankruptcy Court PR Newswire NEW ORLEANS, March 6, 2017 NEW ORLEANS, March 6, 2017 /PRNewswire/ – International Shipholding Corporation (the “Company“) completed an important step towards emergence from bankruptcy with the confirmation of its chapter 11 plan of reorganization (the “Plan“) by the U.S. Bankruptcy Court for the […]

ModSpace Successfully Completes Financial Restructuring

ModSpace Successfully Completes Financial Restructuring Receives New Equity Investment; Reduces Debt by Over $400 Million Strengthened Balance Sheet Provides Foundation for Profitable Growth PR Newswire BERWYN, Pa., March 6, 2017 BERWYN, Pa., March 6, 2017 /PRNewswire/ — Modular Space Corporation (“ModSpace”) today announced that it has successfully exited its pre-packaged chapter 11 bankruptcy with a […]

Samson Resources Emerges From Bankruptcy

Samson Resources Emerges From Bankruptcy PR Newswire TULSA, Okla., March 1, 2017 TULSA, Okla., March 1, 2017 /PRNewswire/ – Samson Resources Corporation  (“SRC”) announced today that the Company and its subsidiaries have emerged from Chapter 11 bankruptcy protection, after satisfying all of the conditions required under its Plan of Reorganization (the “Plan”), which was confirmed by […]

BCBG Takes Next Step in Repositioning its Brands Through Chapter 11 Reorganization

BCBG Takes Next Step in Repositioning its Brands Through Chapter 11 Reorganization Receives Commitment for $45 Million in New Financing and Files Chapter 11 Plan of Reorganization PR Newswire LOS ANGELES, March 1, 2017 LOS ANGELES, March 1, 2017 /PRNewswire/ – BCBG Max Azria Group, LLC (“BCBG” or the “Company”) today announced that the Company and certain […]

Berry Petroleum Successfully Emerges from Bankruptcy

Berry Petroleum Successfully Emerges from Bankruptcy PR Newswire BAKERSFIELD, Calif., Feb. 28, 2017 BAKERSFIELD, Calif., Feb. 28, 2017 /PRNewswire/ – Berry Petroleum Company LLC (the “Company” or “Berry”) successfully emerged from bankruptcy today following confirmation of its Chapter 11 plan of reorganization by the Honorable Judge David R. Jones of the U.S. Bankruptcy Court for the […]

Goodman Networks RSA Amendment

Goodman Networks RSA Amendment PR Newswire FRISCO, Texas, Feb. 28, 2017 FRISCO, Texas, Feb. 28, 2017 /PRNewswire/ – Goodman Networks Incorporated and certain of its subsidiaries (“Goodman”) and the parties to the Company’s previously announced Restructuring Support and Forbearance Agreement (the “RSA”) entered into an amendment to that RSA, which, among other things, amends the outside […]

Stone Energy Corporation Announces Successful Completion of Financial Restructuring and Emergence from Bankruptcy

Stone Energy Corporation Announces Successful Completion of Financial Restructuring and Emergence from Bankruptcy PR Newswire LAFAYETTE, La., Feb. 28, 2017 LAFAYETTE, La., Feb. 28, 2017 /PRNewswire/ — Stone Energy Corporation (NYSE: SGY) (“Stone” or the “Company”) today announced that it successfully completed the conditions precedent to emerging from chapter 11 reorganization, and, accordingly, the Company’s […]

Stone Energy Corporation Announces Close of Sale of Appalachia Properties

Stone Energy Corporation Announces Close of Sale of Appalachia Properties PR Newswire LAFAYETTE, La., Feb. 27, 2017 LAFAYETTE, La., Feb. 27, 2017 /PRNewswire/ – Stone Energy Corporation (NYSE: SGY) (“Stone” or the “Company”) today announced the close of the sale of its Appalachia properties. On February 27, 2017, Stone completed its previously announced disposition of approximately […]

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 […]