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GNC Holdings, Inc. has reached a last-minute deal with creditors that allows it to avoid bankruptcy for at least 30 days but no more than 90 days under a deal announced Friday, the health care company said. and wellness based in Pittsburgh. GNC faced a Saturday deadline to pay off debt below $ 50 million …

(Add background, details) OSLO, Dec. 1 (Reuters) – Seadrill Partners LLC on Tuesday announced that it has filed for Chapter 11 bankruptcy to restructure its debt, further sign of financial difficulties for the broader Seadrill oil rig group Ltd. “The company intends to use the bankruptcy process to ensure that all obligations of customers, suppliers …

Through David French, Jessica dinapoli NEW YORK (Reuters) – Struggling debt investors in U.S. oil and gas companies are turning into activist shareholders and pushing for more deals in the sector to increase the value of the energy holdings they have acquired during the oil market crisis. Hedge funds, such as Fir Tree Partners and …

SoftBank Group Founder, Chairman and CEO Masayoshi Son announces his group’s results on May 9, 2019 in Tokyo. Alessandro Di Ciommo | NurPhoto | Getty Images Greensill Capital is preparing to file for Chapter 13 bankruptcy in UK, says report of the Financial Times on Wednesday, citing sources familiar with the matter. The insolvency case …

TRENTON – A state Senate panel has heard arguments for and against banning counties and private correctional facilities from making deals with the United States Immigration and Customs Enforcement to detain unauthorized immigrants. The Law & Public Safety Senate, however, announced ahead of the debate that it would delay an early vote on the subject. …

Many of our elected officials seem unaware that many poor and middle class people experience health care nightmare. Medical debt is the number one cause of Chapter 13 bankruptcy and homelessness. Nearly one in four Americans ignore medical care because of the cost. Nearly 500,000 people in Washington and about 10 percent of Jefferson County …

Exxon Mobil (XOM) – Get the Exxon Mobil Corporation report Wednesday outlined plans through 2025 to increase profits and cash flow, increase dividend, fund projects and reduce debt, as the oil giant struggles to reassure investors after a year in which it suffered its very first loss as a public enterprise. Shares of Irving, Texas, …

Corporate bankruptcies in the United States continue to grow during the coronavirus crisis as 24 companies joined the 2020 casualty list and brought the cumulative total closer to 500, according to an analysis by S&P Global Market Intelligence. A total of 470 companies went bankrupt this year as of September 7, more than the number …

(Reuters) – A U.S. judge on Monday approved a deal to save JC Penney Co Inc from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have bankrupted the besieged department store chain and put at risk tens of thousands of jobs. The U.S. Southern District of Texas bankruptcy court has approved …

Doctor’s debt to nurse practitioner Ms. J had been a Certified Adult Practitioner (NP), in her state, when Dr. C, an infectious-disease specialist, hired. Ms. J had a job that included communicating with patients, collecting patient information, and making preliminary visits to hospitals. Ms. J discovered after months of work that the position was not suitable. She …