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2003 album by country singer Sammy Kershaw I want my money back could soon take on a whole new meaning. The singer filed for Chapter 13 bankruptcy on Tuesday. Kershaw’s filing did not specify the amount of his debts or assets, only ticking the boxes from $100,001 to $1 million for both. To file Chapter …

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 …

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 …

By Rick Archer (March 3, 2021, 8:37 PM EST) – Offshore drilling entrepreneur Valaris PLC got the green light from a Texas bankruptcy judge on Wednesday to take $7 billion in debt into equity with a plan of Chapter 11 which the company’s attorney described as a “total victory”. US Bankruptcy Judge Marvin Isgur approved …

The United States Court of Appeals for the Ninth Circuit recently ruled that if a creditor wishes to participate in the distribution of a debtor’s assets under Chapter 13, it must timely file a proof of claim, and the acknowledgment by the debtor of the debt owed to the creditor does not exonerate the creditor …

(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 …

CHARLOTTE, NC – Belk filed for Chapter 11 bankruptcy in Houston on Tuesday night. This is the first step in the retail icon’s reorganization plan that will see its owner, Sycamore Partners, cede a significant share of the company to its lenders while retaining control. If approved, the bankruptcy plan is expected to give Belk …

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 …

(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, …

(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 …

(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 …

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 …

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, …

(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 …