Bankruptcy judge approves American-US Airways merger
Bankruptcy judge Sean Lane dismissed a private effort to block the merger between US Airways and AMR Corp and gave the clearance to allow the transaction to proceed.
Bankruptcy
Clothing Retailer Express to Shutter Over 100 Outlets as It Declares Bankruptcy
US multi-brand clothes retailer Express Inc. filed for Chapter 11 bankruptcy and will close over 100 stores.
Florida Trust Fund Firm Loses Over $100 Million Intended for Disabled Children, Leaving Hundreds of Families Devastated
A Florida special needs non-profit went bankrupt, losing hundreds of families' trust fund worth more than $100 million intended for their disabled children...
Fisker’s Stock Plunges Over 40% After EV Maker Reportedly Explores Bankruptcy
Fisker's stock fell over 40% in after-hours trading on Wednesday, raising investor concerns about the EV company's future...
2 Sundance Film Festival Theaters in Utah Are at Risk of Closure After Their Owner Declared Bankruptcy
The future of two prominent venues of the Sundance Film Festival in Utah hangs in the balance as their owner, Metropolitan Theaters Corporation, filed for Chapter 11 bankruptcy...
The Body Shop Ceases US Operations, Plans to Close Dozens of Stores in UK and Canada Amid Deepening Financial Woes
The Body Shop has ceased operations in the US and is closing dozens of...
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 ban...
Latest News
Toshiba to takeover OCZ in bankruptcy sale
Japanese chipmaker Toshiba offered to acquire solid-state hard drive maker OCZ Technology Group Inc. in a planned bankruptcy proceeding. The California-based company will immediately file for bankrupt
American Airlines faces another hurdle in merger battle
American Airlines Inc was slapped with another lawsuit claiming its merger with US Airways Inc would break antitrust laws, putting another roadblock on its exit from bankruptcy.
Department of Energy to lose USD139 million on Fisker loan
The Department of Energy will lose about USD139 million on a loan given to Fisker Automotive under a clean vehicles program after the automaker sold part of the loan to Hybrid Technology.
Justice Department questions feasibility of LightSquared bankruptcy exit plans
The US Department of Justice objected to four restructuring plans put forth by bankrupt LightSquared and its creditors. The objection will be discussed at a bankruptcy court hearing on December 10 in
Fisker Automotive seeks bankruptcy protection
Fisker Automotive Inc filed for bankruptcy and plans for its assets to be acquired by Hybrid Technology. The group included Richard Li, the son of Hong Kong's richest man.
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.
Federal judge approves Jefferson County plan to end bankruptcy
Judge Thomas Bennett of the US Bankruptcy Court in Birmingham, Alabama approved Jefferson County's debt restructuring plan to exit bankruptcy after a 14-hour hearing on Thursday, November 21.
Jefferson County, Wall Street creditors agree on revised terms to end bankruptcy
Officials of Jefferson County in Alabama said it had arrived at a new agreement with its Wall Street creditors that would pave the way for its exit from its USD 4.2 billion bankruptcy.
U.S. JUDGE SAYS HE WILL APPROVE BANKRUPTCY-EXIT PLAN FOR ALABAMA'S JEFFERSON COUNTY
BANKRUPTCY-EXIT AGREEMENT INCLUDES $1.4 BLN OF SEWER-DEBT WRITEOFFS BY WALL ST CREDITORS.
