bankruptcy
FinanceForever 21 Plans Nearly 200 Store Closures in Second Bankruptcy, Bloomberg News Reports
HeadlinesNorthvolt Sells Stake in Battery Unit to Volvo, to Explore North American Deals
UncategorizedNorthvolt Appoints Restructuring Expert to Oversee Main Battery Plant
BusinessSweden’s Northvolt Appoints Restructuring Expert to Oversee Main Facility -Report
Medical Services Provider CareMax Files for Chapter 11 Restructuring
Date: November 18, 2024
HOUSTON (Reuters) – CareMax, which operates 56 medical centers in Florida, Texas, Tennessee and New York catering largely to older patients, filed for Chapter 11 bankruptcy in Texas on Sunday. The Miami-based firm listed debts of $693 million and assets of $390 million, according to a filing with U.S. Bankruptcy Court for the Northern District...
Intrum Files for Bankruptcy in US to Restructure $4.5 Billion Debt Pile
Date: November 16, 2024
(Reuters) – Intrum, Europe’s biggest debt collector, on Friday said it had filed for Chapter 11 bankruptcy in the United States in a bid to restructure its debt. The company has struggled as the pandemic, an energy crisis and two-decade-high interest rates failed to unleash a wave of loan defaults, with concerns mounting over Intrum’s...
Court OKs Mallinckrodt Restructuring, $1 Billion Cut to Opioid Settlement
Date: October 11, 2023
Court OKs Mallinckrodt restructuring, $1 billion cut to opioid settlement By Dietrich Knauth (Reuters) -Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from what it must pay opioid crisis victims, cancels existing equity shares, and trims nearly $2 billion in other debt. The Ireland-based company reached a relatively...
Dutch E-Bike Maker VanMoof Bankrupt, Administrators May Sell Assets
Date: July 18, 2023
Dutch e-bike maker VanMoof bankrupt, administrators may sell assets AMSTERDAM (Reuters) -Dutch e-bike maker VanMoof has been declared bankrupt and curators are researching whether it can sell assets and restructure, the company said on Tuesday. VanMoof, which raised 100 million euros ($112.56 million) to expand internationally as sales boomed during the COVID-19 pandemic, had filed...
Cineworld Gets US Court Approval to Raise $2.26 Billion After Bankruptcy
Date: May 3, 2023
Cineworld gets US court approval to raise $2.26 billion after bankruptcy By Dietrich Knauth (Reuters) – Bankrupt movie theater chain Cineworld received U.S. court approval on Tuesday to raise $2.26 billion as part of its exit from bankruptcy, after reaching a settlement with a minority faction of lenders that had opposed parts of the exit...
UK’s Cineworld to Not Sell Assets Individually, Denies Talks With Amc
Date: January 3, 2023
(Reuters) -Cineworld, the British cinema operator in bankruptcy proceedings, said on Tuesday it would not sell any of its assets individually, and that it had not held discussions with AMC Entertainment about the sale of any of its theatres. The British company said it would focus on selling the group as a whole rather than...