Bankruptcy

Terraform Labs Files for Bankruptcy Protection in the US Following $53.6 Billion Crypto Crash

Terraform Labs, a stablecoin behind TerraUSD, filed for Chapter 11 bankruptcy in the United States on Sunday, Jan. 21. The move may allow them to execute their business plan.


Bankruptcy Looms Over Peabody Energy, Files Chapter 11 Sooner or Later

Peabody is facing difficulties as it shares declined sharply the past year. It is considering to file Chapter 11 sooner or later to protect it from creditors while restructuring the company and recove..

American Apparel filed for bankruptcy protection; restructures $300M debt

Los Angeles-based American Apparel filed for bankruptcy protection. The clothing company agreed to restructure its finances after negative controversies and slump of sales...

KKR's Samson Resources to File for Bankruptcy

KKR is about to lose its cash investment in Samson Resources worth $4.1 billion from its $7.2 billion buyout four years ago. The unexpected and prolonged downward move of oil and gas pushed Samson to ..


Latest News

Fortress backs new LightSquared bankruptcy exit plan
LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless communications company seeks to avoid a sale to highest bidde
Caesars Entertainment agrees to buy Atlantic Club's non-gaming assets in bankruptcy auction for $15M
Caesars Entertainment has confirmed its acquisition Atlantic Club's non-gaming assets in a bankruptcy auction, with the deal set to be completed after the club closes on January 13 next year.
Bankruptcy court approves Groeb Farms restructuring plan
A US Bankruptcy Court allowed honey supplier Groeb Farms Inc to proceed with its restructuring plan, allowing the Michigan company to come out of Chapter 11 protection.
Eagle Merchant Partners says it won't sell Arcapita's assets
Eagle Merchant Partners, the firm managing the legacy portfolio firms of its former parent bank Arcapita, said it will not be selling Arcapita's assets for cents on the dollar, The Wall Street Journal
Plastic bottle maker Constar files third bankruptcy in a bid to complete its sale to Amcor
Constar International Holdings, which lost its contract with PepsiCo last year, filed for its third bankruptcy since 2008. Constar filed for Chapter 11 protection as it hopes to nail down its sale to
Amcor purchases Constar US assets
Australia-based international packaging giant Amcor has agreed to buy Constar International Holdings' US assets for an unconfirmed sum, in a court-supervised transaction under the US Bankruptcy Code.
Bankrupt Nortel Networks cuts over $3B in claims in reached deal
Three of the four largest claims against the US estate of bankrupt telecoms company Nortel Networks Inc has been resolved, reducing the bills the estate needs to settle by by $5.14 billion, said a Reu
Russia extends $15B bailout package to Ukraine
The state of Russia under President Vladimir Putin agreed to acquire $15 billion worth of Ukrainian Eurobonds to help the beleaguered country of Ukraine out of a potential currency crisis, according t
Taxpayers earned gains on GM bailout - outgoing CEO
Outgoing chief executive officer of General Motors Co Dan Akerson has said that US taxpayers actually netted a gain despite the US government losing $10.5 billion stemming from a bailout package it ex
Discount chain Loehmann's files for bankruptcy
Loehmann's Holdings Inc., a seller of discounted designer goods from brands like Michael Kors and Calvin Klein, has filed for bankruptcy protection in the US Bankruptcy Court in Manhattan.
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