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filed bankruptcy


Belk is back…not that they’ve been gone very long. (Photo by John Greim/LightRocket via Getty … [+] Pictures) Light Rocket via Getty Images If you blinked, you might have missed it: Belk, the Southeast-based department store chain, filed for bankruptcy, presented its reorganization plan and had it all approved by the court in a few …

SHENZHEN, China (Reuters) – Shenzhen has drafted China’s first personal bankruptcy laws as the southern city grapples with wider economic issues stemming from the coronavirus outbreak, paving the way for others to follow suit not. A woman wearing a face mask walks past a construction site near residential buildings in Shenzhen, following the novel coronavirus …

For seniors, retirement is no longer what it used to be… and it shows on their balance sheet. Each month, 73-year-old Suzan Benge lives on just $771 in disability benefits, $100 in food stamps and $14 in government subsidies for low-income people. So when her credit card debt hit $18,000 earlier this year, she felt …

Williamsburg Oyster Bar First House and the French restaurant Greenpoint Savage — who both share the same owners — have filed for Chapter 11 bankruptcy protection, though both are still open. Maison Premiere, a James Beard Award-winning bar, and Sauvage have collectively accumulated $3.2 million in outstanding debt to banks and other entities, according to …

Low-cost airline Norwegian Air has filed for bankruptcy protection in Irelandbecoming the biggest victim of the coronavirus pandemic in the aviation sector to date. The struggling carrier has asked an Irish court to carry out review proceedings. This should protect the group’s assets as it tries to significantly reduce its debt and find new financing …

Hertz, the car rental group on the brink of bankruptcy, is seeking to sell up to $1 billion worth of stock to profit from rampant trading in its shares, in an unprecedented move for a company whose solvency is in jeopardy. doubt. The proposed cash injection, described in a filing Thursday, would help fund the …

There have been dozens of retail bankruptcies in 2020, and experts say the pain isn’t over yet. S&P Global Market Intelligence listed 49 retail bankruptcies as of mid-November, including Ann Taylor’s parent company, Ascena Retail Group Inc. ASNAQ, luxury department store Neiman Marcus, homewares specialists Sur La Table Inc. and Brooks Brothers Group Inc. This …

Extraction Oil & Gas Inc. (OTCMKTS: XOGAQ) has brought in a new CEO after being cleared of Chapter 11 bankruptcy several weeks ago. In a statement, the Denver-based company said former board chairman Tom Tyree would become CEO, while former CEO Matt Owens would be demoted to chief operating officer. The company will also resume …

NEW YORK, United States — Neiman Marcus Group Inc. was granted court clearance on Friday to leave behind the debts and drama that drove it into bankruptcy, just a day after its toughest critic was arrested on federal charges stemming from the case. A bankruptcy judge in Houston has approved a plan that turns over …

(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 …

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 …

It is a cardinal sin to attempt to collect debt or repossess collateral after a borrower has filed for bankruptcy. Bankruptcy triggers automatic stay – a command, not a suggestion, that the collection activity cease. This is a fundamental principle of bankruptcy and should be common knowledge, but sometimes there will be a case that …

Guitar Center has filed for bankruptcy as it seeks to restructure its debt. Provided   Guitar Center, which like many retailers struggled during the COVID-19 pandemic, filed for bankruptcy in an attempt to reduce its $ 800 million debt. The California-based musical instrument retailer plans to keep its stores open, including its Hobart location at …

(Reuters) – Oklahoma shale driller Chaparral Energy Inc filed for Chapter 13 bankruptcy on Sunday, the latest casualty in the U.S. energy sector in recent months as COVID-19 crushes demand of oil. The company’s assets and liabilities were between $ 500 billion and $ 1 billion, according to a case filed in U.S. bankruptcy court …

The Consolidated Appropriations Act (CAA), one of the most important bills ever passed by Congress, was enacted on December 27, 2020. In addition to providing funding and additional relief from COVID, the CAA contains several changes to Title 11 of the Bankruptcy Code to provide temporary relief and flexibility to debtors, landlords, tenants and sellers …

Through Mike spector, Jessica dinapoli (Reuters) – Neiman Marcus Group is preparing to seek bankruptcy protection as early as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people close to it have said folder. The debt-laden Dallas-based company found itself with few options …

(Reuters) – A wave of oil and gas bankruptcies in North America set to continue this year as oil prices remain depressed and a new wave of COVID-19 cases threaten to block any recovery in fuel demand Haynes and Boone law firm said in a report released this week. Bankruptcies increased in the second quarter, …

BEIJING, Jan.29 (Reuters) – Creditors of the Chinese group HNA have filed a petition in a Chinese court to have the company bankrupted and restructured, which could give a fresh start to the remaining assets of the once-very large conglomerate. acquirer. The HNA Group said in a WeChat article on Friday that it was informed …

Blade, the company behind the PC game streaming service Shadow, filed a request bankruptcy. The French company created Shadow in 2014 and has brought thousands of users to the service over the past five years. However, Blade’s server vendor, 2CRSi, claims Blade owes millions of dollars in debt. Blade will be looking for investors in …

(Reuters) – Oasis Petroleum Inc filed for Chapter 11 bankruptcy on Wednesday, the latest U.S. shale producer to seek court-assisted restructuring amid shock shock to the energy sector ‘an unprecedented collapse in oil prices due to the COVID-19 pandemic. FILE PHOTO: A drilling rig on a lease owned by Oasis Petroleum performs logging operations in …

An overview of Exide’s global operations. Exide Technologies, a former Fortune 1000 battery manufacturer based in Georgia and now squeezed by growing debt and the COVID-19 supply crisis, has filed for bankruptcy as it seeks to sell its remaining assets. Exide uses Chapter 11 protection to avoid action by its creditors as it designs separate …