Bankruptcy
Bankruptcy Articles
Beleaguered utility PG&E has reached agreement with a group of bondholders that would allow the company's bankruptcy reorganization plan to proceed. California Governor Gavin Newsom remains as...
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Advance Auto Parts on Monday paid $200 million to Eddie Lampert's holding company for the rights to the DieHard brand.
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New research shows American retailers closed more than 9,300 stores in the first 50 weeks of the year. There is no sign that the pace will slow.
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Bankruptcy Judge Dennis Montali has approved PG&E's plan to compensate 2017 and 2018 wildfire victims and insurers.
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PG&E has filed an amended restructuring agreement with the federal bankruptcy court that strips California Governor Gavin Newsome of his authority to terminate the $13.5 billion agreement the...
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One of PG&E's major bondholders, Elliott Management, on Thursday issued a response to the company's plan announced last week to compensate wildfire victims.
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California utility company PG&E on Friday announced a settlement valued at $13.5 billion with victims of 2017 and 2018 wildfires. That amount matches a competing plan from bondholders led by...
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Dairy products producer Dean Foods filed for Chapter 11 bankruptcy protection Tuesday while it negotiates a possible sale to the nation's largest dairy cooperative.
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A group of PG&E bondholders and wildfire victims won approval for consideration of a reorganization plan of the company that would leave shareholders mostly empty-handed.
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More than 800,000 PG& E customers will soon be dealing with an electrical power shutdown that went into effect early Wednesday as the company tries to avoid another wildfire in the face of...
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A New York bankruptcy court is scheduled to rule Thursday on Sears Holdings' reorganization plan. Vendors who have not been paid want the court to convert the Chapter 11 reorganization to a Chapter 7...
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Two mall owners had discussions with Forever 21 prior to the retailer's Chapter 11 filing over the weekend. The discussions fell through, but could resume later.
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With the Chapter 11 filing of Forever 21, 178 of its stores could be shuttered. This adds to a total of about 7,300 across the industry so far in 2019.
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The retail chain that embraces an eternal youthful disposition, Forever 21, may not be around for too much longer after the company voluntarily filed for Chapter 11 bankruptcy over the weekend.
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As multiple American retailers announce the shuttering of stores by the hundreds, it is hard to keep track of exactly how horrible the carnage has become.
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