Bankruptcy News
- Blue Chips Raising Funds Amid a Covid Bankruptcy Wave 09 Aug 2020 16:28 Bloomberg News
- Fashion firm Kookai declares bankruptcy 09 Aug 2020 11:03 New Zealand Herald LONDON - Fashion chain Kookai became the latest casualty on high street on Tuesday after it formally declared bankruptcy and appointed accountancy firm Deloitte as administrators to seek a buyer. The future of the once high-flying fashion chain hung in the …
- Store closings, bankruptcy cases pile up for business wear retailers during COVID-19: Are dress clothes gone for good? 08 Aug 2020 19:45 Herald News Dressing up is being dressed down – and that’s bad news for retailers that specialize in traditional office clothes. After years of business attire becoming increasingly casual, the sudden transition to working from home for millions of Americans has …
- Capital Region not part of national uptick in farm bankruptcy filings 07 Aug 2020 22:59 Greater Baton Rouge Business Report While the number of U.S. farmers filing for chapter 12 bankruptcy protection in the 12-month period ending June 30 rose by 8%, data shows Capital Region farmers were not among them. Designed for family farmers and fishers with debts of less than $10 …
- Thrift Town operator files for bankruptcy after closing its last local store 07 Aug 2020 20:36 Bizjournals
- Bankruptcy Court Approves Of Sale of XFL To The Rock, Dany Garcia and Redbird Capital 07 Aug 2020 20:21 411mania As we reported earlier this week, The Rock bought the XFL in a $15 million purchase with Redbird Capital and his business partner Dany Garcia. ESPN reports that early this morning, a bankruptcy court in Delaware has officially approved the sale. US …
- Former Tribune Publishing CEO to take helm of McClatchy when that newspaper chain emerges from bankruptcy 07 Aug 2020 20:17 Chicago Tribune - Illinois In 2006, McClatchy swallowed up the much larger Knight Ridder newspaper chain in a $4.5 billion cash and stock deal that added the Herald — its largest metro newspaper — and dozens of other titles to its portfolio. It also saddled the company with debt, …
- Guest column: Bankruptcy, a tool for COVID-stricken small businesses 07 Aug 2020 19:39 Bizjournals
- Lubbock's Ann Taylor Store Closes Due to COVID-19 Bankruptcy 07 Aug 2020 03:17 KFYO It's sad to see that Lubbock's Ann Taylor store at 8201 Quaker Avenue in the Kingsgate Center South has officially closed their doors following a bankruptcy filing by Ascena Retail Group, their parent company, according to USA Today. The Ascena …
- Mexico's Grupo Famsa files for bankruptcy in United States and Mexico 07 Aug 2020 01:58 Reuters MEXICO CITY, Aug 6 (Reuters) - Mexican retailer Grupo Famsa on Thursday said that a shareholder meeting authorized a request to file for Chapter 15 Bankruptcy in the United States and bankruptcy in Mexico. “The presentation of both applications has been …
- Why Brooks Brothers Can Use Bankruptcy and Argentina Cant - The American Prospect 06 Aug 2020 23:13 Buenos Aires News You’ve probably read that one iconic retailer after another is going bankrupt. You may think this means they are going out of business. But mostly it doesn’t. It just means they don’t have the cash to pay their debts; and a helpful provision of the law …
- Beuhring Properties LLC files for Chapter 12 bankruptcy 06 Aug 2020 22:18 Bizjournals
- ICSC Supports Timely Commercial Real Estate Bankruptcy Legislation Introduced by Sen. Thom Tillis (R-NC) 06 Aug 2020 22:12 Odessa American - Texas NEW YORK--(BUSINESS WIRE)--Aug 6, 2020-- Today, Sen. Thom Tillis (R-NC) introduced legislation [S. 4479] that would make meaningful temporary changes to bankruptcy laws, related to commercial real estate, allowing for the facilitation of commercial tenant …
- Analysis: 38 Nebraska farms file bankruptcy over one year period 06 Aug 2020 20:44 KNEB Nebraska saw the second most farm bankruptcies in the nation from June 2019 to June 2020. Wisconsin led the county with 69 filings, followed by 38 in Nebraska. An analysis from the American Farm Bureau Federation shows that bankruptcies nationwide …
- Future of Remington's jobs, facility in Madison are in doubt as company goes through bankruptcy 06 Aug 2020 20:09 Bizjournals
- Coronavirus Impact Pushing Farmers to File for Bankruptcy 06 Aug 2020 20:00 Newsmax Despite record levels of federal aid aimed at compensating for the pandemic and a slump in the agricultural economy, more farmers are declaring bankruptcy. The Wall Street Journal reported about 580 farmers filed for chapter 12 bankruptcy protection in the …
- Queensland named bankruptcy capital of Australia 06 Aug 2020 19:55 Sunshine Coast Daily QUEENSLAND has notched up more business-related bankruptcies than anywhere else in Australia in the past year, with dozens of Queenslanders going bankrupt every week. New figures compiled by the Australian Financial Security Authority reveal there were …
- Insolvency and Bankruptcy Board amends liquidation process regulations 06 Aug 2020 18:37 business-standard The Insolvency and Bankruptcy Board of India (IBBI) on Thursday amended regulations for liquidation process, providing more clarity on fee payable to liquidators. IBBI is a key institution in implementing the Insolvency and Bankruptcy Code (IBC), which …
- Bankruptcy settlement gives developer one year to sell Sunny Isles Beach condos 06 Aug 2020 18:19 Bizjournals
- China central bank to allow Baoshang to file for bankruptcy 06 Aug 2020 14:46 Reuters BEIJING, Aug 6 (Reuters) - China’s central bank said on Thursday it would allow the old Baoshang Bank to file for bankruptcy and would liquidate any remaining assets, the latest cleanup move linked to the country’s first bank seizure in nearly two decades. …
- Zero Energy Aviation files for Chapter 11 bankruptcy 06 Aug 2020 14:29 BizWest BOULDER — A Boulder aviation-focused real estate development company has filed for Chapter 11 bankruptcy protection. Zero Energy Aviation LLC, which develops zero-energy executive, maintenance and storage hangars, filed for protection in U.S. Bankruptcy …
- Busted Retailers Use Bankruptcy to Break Leases by the Thousands 06 Aug 2020 13:47 Bloomberg News
- Forever 21 shuts down its three SA stores after filling for bankruptcy 06 Aug 2020 07:37 The Citizen (South Africa) Fast-fashion US retail brand Forever 21 has shut down its stores in South Africa, cutting dozens of jobs and creating more headaches for JSE-listed property groups Liberty Two Degrees (L2D), Hyprop and Attacq. Forever 21, which filed for Chapter 11 …
- Virgin Atlantic files petition for bankruptcy 06 Aug 2020 02:38 Hua Hin Today Virgin Atlantic Airlines files a petition for bankruptcy at a New York court house to protect its assets in the United States. It is the 2nd airline of Richard Branson that filed bankruptcy due to the Covid-19 crisis following Virgin Australia’s bankruptcy …
- More World Class entities file for Chapter 11 bankruptcy 05 Aug 2020 22:41 KXAN NBC 36 - Texas AUSTIN (Austin Business Journal) — At least three more entities connected to Nate Paul‘s World Class Holdings have filed for bankruptcy. WC 4th and Colorado LP, which owns the building that houses the Capital Grille at 319 Colorado Street in downtown …
- Virgin Atlantic airline files for US bankruptcy protection 05 Aug 2020 22:16 Nashville Ledger - Tennessee
- Fieldwood Energy seeks buyer for assets in bankruptcy 05 Aug 2020 20:43 Bizjournals
- Virgin Atlantic declares bankruptcy 05 Aug 2020 20:08 Beaumont Enterprise - Texas Claire Boston and Josh Saul, Bloomberg Published 5:09 pm CDT, Tuesday, August 4, 2020 Virgin Atlantic, which at one time offered twice daily nonstops between San Francisco and London, has declared bankruptcy Virgin Atlantic, which at one time offered twice …
- Local Men's Wearhouse stores escape first round of closures as parent company files for bankruptcy 05 Aug 2020 19:30 Forum FARGO — North Dakota's three Men's Wearhouse locations appear to have escaped the first round of closures announced by its parent company this week. Tailored Brands, Inc., which owns Men's Wearhouse, Jos. A Bank, Moores and K&G Fashion …
- Virgin Atlantic files for bankruptcy protection in US, Virgin Australia to close low-cost arm Tigerair 05 Aug 2020 18:45 The Sun Daily NEW YORK: Virgin Atlantic has applied for bankruptcy protection in the United States, court filings show, as the British airline – which has not flown since April because of coronavirus – seeks to tie up a rescue deal in the UK. The company, part-owned by …
- Virgin Atlantic files for bankruptcy as coronavirus crushes airlines 05 Aug 2020 17:44 New York Daily News Though the coronavirus pandemic has had negative consequences for nearly all businesses, it’s possible that no industry is facing a more serious crisis than air travel. According to Virgin Atlantic’s court filings, reservations are down 89% compared to …
- Sinomach Automobile Says Unit's German Subsidiary Enters Bankruptcy Process 05 Aug 2020 16:25 Reuters
- Oldham County's Northland Corp. files for Chapter 11 bankruptcy protection 05 Aug 2020 15:43 Bizjournals
- Virgin Atlantic, 49% owned by Delta, files for US bankruptcy protection 05 Aug 2020 14:17 Chicago Tribune - Illinois Richard Branson, founder of Virgin Group, and burlesque artist Dita Von Teese are seen on the tail of a Virgin Atlantic Airways 747-400 aircraft June 15, 2010, at McCarran International Airport in Las Vegas. The airline is restructuring and has filed for U …
- What Virgin Atlantic filing for bankruptcy means for Manchester travellers 05 Aug 2020 14:16 Manchester Evening News The news that Virgin Atlantic has filed for bankruptcy has left both passengers and staff worrying about what happens next. After a string of travel companies suffered devastating blows as a result of the ongoing coronavirus pandemic, the announcement has …
- Virgin Atlantic Files For Bankruptcy Protection 05 Aug 2020 12:51 RTTNews Billionaire Richard Branson's Virgin Atlantic has filed for Chapter 15 bankruptcy protection in the United States after being hit hard by travel restrictions due to the coronavirus pandemic. The process is part of the British airline's …
- Lebanon FM resigns as country nears bankruptcy - Al Jazeera English 05 Aug 2020 12:37 Google News
- With Lord & Taylor's bankruptcy, Back Bay to lose longstanding retail tenant 05 Aug 2020 11:36 Bizjournals
- Richard Branson's Virgin Atlantic files for bankruptcy in hammer blow for airline industry 05 Aug 2020 11:35 Evening Standard Virgin Atlantic has filed for bankruptcy in the US in yet another body blow for the airline industry. The airline is seeking protection under chapter 15 of the US bankruptcy code, which allows a foreign debtor to shield assets in the country. Non US …
- Ukrainian Tycoons Lost Their Expansive American Steel Business To Bankruptcy. What Role Did The U.S. Government Play? 05 Aug 2020 11:17 Radio Free Europe - Radio Liberty Over the course of a decade, Ukrainian tycoon Ihor Kolomoyskiy and a business partner built a U.S. steel business worth about half a billion dollars. By early 2017, they were trying desperately to save it. They did not succeed -- and an investigation by …
- Matchbox Food Group, eight of its restaurants file for Chapter 11 bankruptcy. These are its largest creditors. 05 Aug 2020 11:16 Bizjournals
- Virgin Atlantic files for bankruptcy protection in US as virus bites 05 Aug 2020 11:01 Phys.org Virgin Atlantic has applied for bankruptcy protection in the United States, court filings show, as the British airline—which has not flown since April because of coronavirus—seeks to tie up a rescue deal in the UK. The company—part-owned by Richard Branson …
- Virgin Atlantic files for bankruptcy in New York 05 Aug 2020 10:24 Internet Travel News Virgin Atlantic has filed for bankruptcy in the United States as the aviation sector continues to battle the impact of the Covid-19 pandemic. The UK-based airline is seeking protection under chapter 15 of the US bankruptcy code. The move is designed to …
- Virgin Atlantic files for bankruptcy in the US to secure its rescue deal 05 Aug 2020 09:27 CNN The company, which is based in the United Kingdom, filed for Chapter 15 bankruptcy protection in New York on Tuesday, which shelters the US assets of foreign companies undergoing restructuring proceedings in their home country. The US filing followed a UK …
- Virgin Atlantic files for bankruptcy in US due to pandemic 05 Aug 2020 08:18 The Hill - Washington DC Virgin Atlantic Airways filed for bankruptcy in the U.S. on Tuesday as it suffers a financial toll during the coronavirus pandemic. The airline filed its petition in the Southern District of New York under Chapter 15 bankruptcy protection, which allows …
- Virgin Atlantic: What does the airline filing for bankruptcy mean for travellers? 05 Aug 2020 07:47 The Independent Virgin Atlantic is seeking protection from creditors in the US as it pursues a restructuring deal. The move has unsettled passengers and staff. These are the key questions and answers. What’s happening? Download the new Independent Premium app Sharing the …
- Virgin Atlantic files for bankruptcy - PM News 05 Aug 2020 07:45 Nigerian Bulletin
- Virgin Atlantic is Branson's second airline to file bankruptcy since pandemic 05 Aug 2020 07:44 Daily Mirror Virgin Atlantic has filed for bankruptcy in the US, just one month after securing a £1.2billion rescue package to save jobs amid the coronavirus pandemic. The airline, largely owned by billionaire Richard Branson, is seeking protection under chapter 15 of …
- Midland-area dam operators file for bankruptcy protection 05 Aug 2020 07:13 WOOD BAY CITY, Mich. (AP) — Two companies that own or operate dams that failed in the Midland area have filed for Chapter 11 bankruptcy protection, which would allow them to reorganize their finances. Boyce Hydro and Boyce Hydro Power owe at least $6.1 million …
- Virgin Atlantic airline files for United States bankruptcy protection 05 Aug 2020 07:10 Economic Times NEW YORK: Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry. The airline made the Chapter 15 …
- Branson's Virgin Atlantic Airline Files for Chapter 15 US Bankruptcy 05 Aug 2020 06:57 Newsmax Virgin Atlantic Airways Ltd. is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday. Virgin Atlantic…
- Virgin Atlantic files for Chapter 15 bankruptcy in US 05 Aug 2020 06:50 The Hindu Business Line Move aimed at aiding its UK rescue plan Richard Branson’s Virgin Atlantic Airways Ltd filed for Chapter 15 bankruptcy protection in the US on Tuesday after telling a London court it was set to run out of cash next month if a pending rescue deal isn’t …
- Lord & Taylor closing in White Flint after company files for bankruptcy - BethesdaMagazine.com 05 Aug 2020 06:25 Google News Friendship Heights location not on list of stores set to close By Dan Schere | Published: 2020-08-04 17:59 Lord & Taylor on the former White Flint Mall site is closing permanently as part of the company's chapter 11 bankruptcy filing File photo …
- Boyce Companies File for Bankruptcy 05 Aug 2020 05:57 WSGW (Image Courtesy of Great Lakes Drone Works) The two companies which owned and operated the Edenville and Sanford dams have filed for Chapter 11 bankruptcy. Boyce Hydro Power LLC and Boyce Hydro LLC filed Friday, June 31 in U.S. Bankruptcy Court in the …
- Virgin Atlantic files for bankruptcy 05 Aug 2020 04:54 News.com.au Virgin Atlantic has filed for bankruptcy in the United States as it claims it will run out of cash next month without a rescue deal. The cash-strapped airline filed for Chapter 15 bankruptcy protection in New York, a move that allows a foreign company with …
- Virgin Atlantic Files for US Bankruptcy Protection Amid COVID-19 Disruptions - Reports 05 Aug 2020 04:15 Sputnik News US 03:42 GMT 05.08.2020Get short URL NEW YORK (Sputnik) - Virgin Atlantic, a London-based carrier partly owned by US-based Delta Air Lines, has filed for bankruptcy protection in a New York court, media reported. The Chapter 15 bankruptcy filing in New …
- Lord & Taylor files for bankruptcy, seeking new owner 05 Aug 2020 03:32 Retailcustomerexperience Aug. 4, 2020 The latest retailer to falter from the ongoing COVID-19 pandemic is Lord & Taylor, one of the oldest U.S. department stores. The news comes on the heels of other longtime retailers, including Men's Wearhouse and JCPenney, filing for …
- Cornonavirus: Crisis-hit Virgin Atlantic files for bankruptcy 05 Aug 2020 03:03 BBC Image copyright PA Media Virgin Atlantic has filed for bankruptcy in the US as the global aviation industry feels the impact of the coronavirus pandemic. The UK-based airline is seeking protection under chapter 15 of the US bankruptcy code, which allows a …
- Virgin Atlantic airline files for U.S. bankruptcy protection 05 Aug 2020 02:22 Las Vegas Sun - Nevada Wilfredo Lee / AP In this June 16. 2011, file photo, Richard Branson, president of Virgin Atlantic Airways, attends a news conference in Miami Beach, Fla. Branson announced that Virgin was starting flights between London and Cancun, Mexico. Virgin …
- Virgin Atlantic files for bankruptcy as Covid continues to hurt airlines 05 Aug 2020 02:17 The Guardian Virgin Atlantic has declared itself bankrupt and is seeking protection from creditors in the US, according to a court filing in New York on Tuesday. The airline is seeking the protection under chapter 15 of the US bankruptcy code, which allows a foreign …
- What is Chapter 15 bankruptcy? Virgin Atlantic explained - Business Insider - Business Insider 05 Aug 2020 01:42 Google News Virgin Atlantic filed for Chapter 15 bankruptcy in New York on Tuesday, becoming the latest airline forced into reorganization during the coronavirus pandemic. The London-based airline flies exclusively long-haul international routes. It suspended all …
- Virgin Atlantic files for bankruptcy protection as coronavirus pandemic devastates aviation industry 05 Aug 2020 01:33 Manchester Evening News Virgin Atlantic airlines has filed for bankruptcy protection in New York in a move that reveals the company's increasingly difficult financial position amid the coronavirus crisis. The airline, which has 745 staff based at Manchester Airport, filed for …
- Richard Branson’s Virgin Atlantic files for U.S. bankruptcy protection 05 Aug 2020 01:28 MarketWatch NEW YORK — Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for relief from creditors as the virus pandemic hammers the airline industry. The airline made the filing in U.S. federal bankruptcy court in New York …
- Noble Corp. cut hundreds of jobs in months leading to bankruptcy 05 Aug 2020 00:35 Bizjournals
- Virgin Atlantic airline files for US bankruptcy protection 05 Aug 2020 00:34 Federal News Network NEW YORK (AP) — Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for relief from creditors as the virus pandemic hammers the airline industry. The airline made the filing in U.S. federal bankruptcy court in New …
- Men's Wearhouse parent Tailored Brands delisted after bankruptcy filing 05 Aug 2020 00:06 Bizjournals
- Another World Class entity files for Chapter 11 bankruptcy 05 Aug 2020 00:06 Bizjournals
- Virgin Atlantic files for bankruptcy as airline industry devastated by coronavirus pandemic 04 Aug 2020 23:46 Evening Standard Virgin Atlantic has reportedly filed for bankruptcy as the airline industry continues to be devastated by the coronavirus pandemic. The Virgin Group airline filed for Chapter 15 bankruptcy protection in the Southern District of New York on Tuesday. It …
- Richard Branson's airline Virgin Atlantic files for bankruptcy 04 Aug 2020 23:43 Liverpool Echo Virgin Atlantic has filed for bankruptcy as Richard Branson's airline becomes the latest to collapse during the pandemic. The billionaire's company is on the brink of collapse after a number of attempts to save it have been rejected after the …
- Virgin Atlantic files for bankruptcy in the US 04 Aug 2020 23:38 CNN The company, which is based in the United Kingdom, filed for Chapter 15 bankruptcy protection in New York on Tuesday. Virgin Atlantic hasn't been immune from the airline industry's pandemic problems. In July, the company received a £1.2 billion ($1 …
- Matchbox Food Group, nine of its restaurants file for chapter 11 bankruptcy. These are its largest creditors. 04 Aug 2020 23:02 Bizjournals
- Virgin Atlantic files for bankruptcy protection in New York 04 Aug 2020 22:38 The Independent Sir Richard Branson’s flagship business, Virgin Atlantic, has filed for bankruptcy protection in New York after telling a court in London it would run out of cash in September if a planned rescue deal failed. The airline has suffered more than any other UK …
- Richard Branson's Virgin Atlantic files for bankruptcy protection 04 Aug 2020 22:24 The New Zeland Herald Richard Branson's Virgin Atlantic has filed for bankruptcy protection in the United States after telling a court it would run out of cash next month if a pending rescue deal isn't approved. Bloomberg reports the company had said during proceedings …
- Richard Branson’s Virgin Atlantic is seeking Chapter 15 bankruptcy protection in the US while it scrambles to finalize a rescue plan 04 Aug 2020 22:16 Daily Observer (Business Insider) – Virgin Atlantic filed for Chapter 15 bankruptcy in New York on Tuesday, part of a process to protect its assets from US creditors as it scrambles to finalize a rescue plan with the aid of the UK court system. Virgin Atlantic not the …
- Breaking: Virgin Atlantic files for bankruptcy 04 Aug 2020 21:49 PM News Virgin Atlantic: files for bankruptcy Virgin Atlantic Airway has filed for bankruptcy, as the aviation industry continues to be ravaged by the coronavirus pandemic. The Virgin Group airline filed for Chapter 15 bankruptcy in New York on Tuesday, marking …
- Virgin Atlantic Airways seeks U.S. Chapter 15 bankruptcy protection 04 Aug 2020 21:42 Today
- Richard Branson's Virgin Atlantic airline files for bankruptcy 04 Aug 2020 21:39 Wales Online Virgin Atlantic airlines has reportedly filed for bankruptcy. The London based airline which covers many of the city's UK to USA flights filed for Chapter 15 bankruptcy in New York on Tuesday, reports BusinessInsider. It is the second of billionaire …
- Virgin Atlantic files for bankruptcy as pandemic devastates airline industry 04 Aug 2020 21:27 Daily Mirror Virgin Atlantic has declared bankruptcy as coronavirus continues to tear apart the airline industry. It comes after Virgin Australia filed for voluntary administration - a type of bankruptcy - in April. The company's Atlantic airline, based in London, …
- Virgin Atlantic is Branson's second airline to file for bankruptcy 04 Aug 2020 21:26 Daily Mail Virgin Atlantic has become billionaire Richard Branson's second airline to file for bankruptcy this year as the industry continues to be ravaged by the coronavirus pandemic. The Virgin Group airline filed for Chapter 15 bankruptcy protection in the …
- Fieldwood Energy files billion-dollar bankruptcy in Houston again 04 Aug 2020 21:22 Bizjournals
- US suit retailer files for bankruptcy as joggers and polo shirts take over 04 Aug 2020 21:15 The Guardian US company Tailored Brands, which controls Men’s Wearhouse and JoS. A. Bank, has become the latest mens suit specialists to file for bankruptcy in the US as office workers stay home during the pandemic. The company, which operated about 1,400 stores and …
- McClatchy, Family-Run News Chain, Goes to Hedge Fund in Bankruptcy Sale 04 Aug 2020 21:06 The New York Times The runner-up bidder, Alden Global Capital, a New York hedge fund that controls more than 200 news outlets through MediaNews Group, lost out after having offered what amounted to approximately $250 million, according to a court filing. (An unspecified …
- Virgin Atlantic Airways seeks U.S. Chapter 15 bankruptcy protection 04 Aug 2020 20:48 Reuters (New throughout, adds details from court filing, background) By David Shepardson and Kate Holton WASHINGTON/LONDON Aug 4 (Reuters) - Virgin Atlantic Airways Ltd is seeking protection from creditors in the United States under Chapter 15 of the U.S. …
- Virgin Atlantic files for bankruptcy in US, warns it is running out of cash as it seeks rescue deal approval 04 Aug 2020 20:47 WA Today Earlier, it told a London court that it will run out of cash next month unless it secures approval for a £1.2 billion ($2.2 billion) rescue package announced in July. Without the funds, available cash will drop to about 49 million pounds by late September, …
- Lord & Taylor files for bankruptcy protection, plans to close all 38 stores 04 Aug 2020 20:02 CBC/Radio-Canada Venerable U.S. retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector. The company estimated both …
- Moores Clothing for Men files for bankruptcy; Island stores to remain open 04 Aug 2020 19:48 Times-Colonist Moores Clothing for Men, which has locations in Langford, Nanaimo and Uptown Shopping Centre in Saanich, is the latest retail chain to file for Chapter 11 bankruptcy protection amid the pandemic. Tailored Brands, which also owns Men’s Wearhouse and Jos. A. …
- Dwayne 'The Rock' Johnson says he's buying XFL out of bankruptcy 04 Aug 2020 19:43 CBC/Radio-Canada Football Former wrestling star Dwayne "The Rock" Johnson says he has acquired the XFL for a reported $15 million US. The 48-year-old actor and ex-CFL defensive lineman made the announcement on Twitter. Former WWE superstar spent 2 months with CFL …
- Virgin Atlantic Airways seeks bankruptcy protection under Chapter 15 04 Aug 2020 19:37 Reuters Aug 4 (Reuters) - Virgin Atlantic Airways Ltd is seeking protection from creditors under Chapter 15 of the U.S. Bankruptcy Code, according to a court filing made in the southern district of New York on Tuesday. (Reporting by Bhargav Acharya in Bengaluru; …
- McClatchy, a Family-Run News Chain, Set to Go to Hedge Fund in Bankruptcy Sale 04 Aug 2020 18:43 The New York Times Chatham does not have as much of a hold on the news industry as Alden, but it is getting there. In 2016, the fund took a majority stake in Postmedia, one of Canada’s largest newspaper companies. Since that deal went through, 1,600 Postmedia employees have …
- Potential stimulus bill could allow companies in bankruptcy to pursue PPP loans 04 Aug 2020 17:28 Bizjournals By Andy Medici – Senior Staff Reporter, Washington Business Journal Aug 4, 2020, 10:53am EDT Small businesses that have filed for bankruptcy, or nearing that step, might get their own shot at a Small Business Administration Paycheck Protection Program …
- Bankruptcy threshold to be increased, Parliament told 04 Aug 2020 15:55 Borneo Post Datuk Takiyuddin Hassan – Bernama file photo SIBU: The government will amend Section 5 (1) of the Insolvency Act 1967 to increase the threshold for bankruptcy, said Minister in the Prime Minister’s Department (Parliament and Law) Datuk Takiyuddin Hassan. …
- BREAKING: Iconic Tivoli World on Spain’s Costa del Sol files for bankruptcy 04 Aug 2020 14:30 Olive Press THE iconic Tivoli World theme park has filed for bankruptcy and has gone into administration. The Malaga courts will now carry out an economic report on the business to determine if it is viable, with the result expected in a few months. Founded in 1972, …
- This famous department store closing 19 stores in these locations in bankruptcy reorganization 04 Aug 2020 13:55 Fox News Fox Business Briefs: Luxury department store Lord & Taylor files for bankruptcy one year after closing its 11-story flagship building on New York's Fifth Avenue; Microsoft in talks to buy the popular video app TikTok. Lord & Taylor is closing …
- Mallinckrodt Hints At Filing For Bankruptcy Protection 04 Aug 2020 13:35 RTTNews Shares of Mallinckrodt plc (MNK) are losing more than 22 percent in pre-market activity on Tuesday after the biopharmaceutical company said it is likely to file for bankruptcy protection in the near-term. Mallinckrodt made the announcement while reporting …
- Mallinckrodt down 20% on talks of possible bankruptcy filing 04 Aug 2020 12:51 Seeking Alpha Despite beating Q2 consensus, Mallinckrodt (MNK) is down 20% premarket. Due to pressures from the Acthar Gel Medicaid matter, the ongoing opioid litigation and the Company's existing debts, the company says it's working with external advisors to …
- Noble Corporation - Bankruptcy Leaves Equityholders With Virtually Nothing 04 Aug 2020 10:42 Seeking Alpha Leading offshore driller files for bankruptcy ahead of an August 1 bond maturity. Discussing the restructuring support agreement's key terms. Priority guaranteed noteholders will own the lion's share in the reorganized company while equityholders …
- Mallinckrodt beats adjusted profit expectations, is in talks regarding possible bankruptcy filing 04 Aug 2020 10:28 MarketWatch Shares of Mallinckrodt PLC MNK, +1.34% rose 0.9% in premrket trading Tuesday, after the specialty pharmaceutical company swung to a large net loss, but reported an adjusted profit that beat expectations, while disclosing talks with creditors and litigation …
- Cuomo signs law to extend CVA deadline a full year, doesn't apply to Dioceses in bankruptcy 04 Aug 2020 04:55 Evening Tribune - New York Gov. Andrew Cuomo signed a bill Monday that will extend the deadline for lawsuits filed under New York's Child Victims Act. That legislation, adopted in early 2019, carved out a one-year window during which suits can be brought by people who allege …
- Lord & Taylor, Tailored Brands file for bankruptcy 04 Aug 2020 04:33 The Day Two more retail icons have filed for Chapter 11 protection, joining more than a dozen major brands that have tipped into bankruptcy as pandemic-fueled store closures sent sales plummeting. Lord & Taylor, the nation's oldest department store chain, …
- Jos. A. Bank, Men’s Wearhouse owner files for bankruptcy as workers continue to stay away from offices 04 Aug 2020 03:28 New York Daily News A JoS. A. Bank clothing chain location in Washington, Monday, Aug. 3. Tailored Brands, known for its clothing chains Men's Wearhouse and JoS. A. Bank, struggled as the pandemic shut stores and consumer demand for office attire dropped, has filed for …