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Byline: aranyamondal Swedish battery maker Northvolt is considering US bankruptcy protection as a strategy to address its financial challenges, according to a report by Reuters citing business daily Dagens Industri. [...]

Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday. The company told customers they can continue to book and fly with the airline. Read Spirit's open letter explaining the [...]

Spirit Airlines has filed for Chapter 11 bankruptcy protection, it said Monday. The airline will continue to operate as normal, and all tickets remain valid, it added. Spirit has struggled [...]

GOL Linhas Aéreas Inteligentes (G3) and its parent company, Abra Group, have announced a support agreement that will allow the Brazilian airline to reduce its debt by approximately $2.5 billion [...]

AIRLINE INDUSTRY INFORMATION-(C)1997-2024 M2 COMMUNICATIONS Brazil-based airline operator GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) and Abra Group Ltd., GOL's largest secured creditor and the majority investor of GOL and [...]

Byline: Glenn Polyn Franchise Group, Inc. (FRG) has announced that it has entered into a restructuring support agreement (RSA) with holders of approximately 80 percent of its first lien debt [...]

TGI Friday's Inc. filed for Chapter 11 bankruptcy protection on November 2. The company listed both assets and liabilities as between $100 million and $500 million. It joins a growing [...]

Byline: Laura Husband Kelheim Fibres filed for bankruptcy at Germany’s Regensburg District Court on 22 October, according to local news publication Mittelbayerische. Local news reports claim it has struggled to [...]

Byline: robertsailo American Tire Distributors (ATD) has commenced voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware. The restructuring plan aims to transition ownership of [...]

GOL Linhas Aéreas Inteligentes (G3) has filed a request with the United States Bankruptcy Court for the Southern District of New York, seeking an extension of 150 days to submit [...]

Gritstone announced it has filed a voluntary petition under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Gritstone intends [...]

Byline: David Leggett EV battery firm Northvolt has announced that a subsidiary company has filed for bankruptcy. The development follows a restructuring effort aimed at lowering cost and cutting back [...]

Spirit Airlines may file for Chapter 11 amid major debts after a failed merger with JetBlue. The airline is saddled with debt of about $3.3 billion. A report of the [...]

Biolase announced that the company and its direct domestic subsidiaries have voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. Biolase will seek [...]

Vertex Energy announced it entered into a Restructuring Support Agreement with overwhelming support of 100% of the company's term loan lenders. To facilitate the transactions contemplated under the RSA, including [...]

Byline: Waste360 Staff Atlanta-based CWI Cherokee LF LLC has finished Chapter 11 bankruptcy proceedings after a shutdown due to high leachate levels. All secured and unsecured creditors have been paid [...]

Johnson & Johnson announced that its subsidiary, Red River Talc, filed a voluntary prepackaged Chapter 11 bankruptcy case in the U.S. Bankruptcy Court for the Southern District of Texas to [...]

Tupperware Brands announced that the company and certain of its subsidiaries have voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. Tupperware will [...]

Canada Jetlines, a low-cost airline based in Canada, has officially filed for bankruptcy following its cessation of operations in August 2024. The announcement was made on September 18, 2024, through [...]

Complete Solar (CSLR) announced that SunPower (SPWR) has determined Complete Solar to be the prevailing bidder for the assets of SunPower pursuant to the Asset Purchase Agreement previously filed with [...]

Big Lots announced that it received interim Court approval for certain 'first day' motions related to the company's voluntary Chapter 11 proceedings. Among other relief, the Court granted interim approval [...]

BurgerFi International has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in order to preserve the value of its brands for all stakeholders. All 144 [...]

Rite Aid Corp. reported that it has successfully completed its financial restructuring and emerged from Chapter 11, marking a new beginning as a stronger company with a more efficient operating [...]

Edgio announced that it has voluntarily filed for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware to effectuate one or more sale transactions that [...]

Big Lots announced that it has entered into an agreement with an affiliate of Nexus Capital, pursuant to which Nexus has agreed to acquire substantially all of the company's assets [...]

Rite Aid Corp. reported that it has successfully completed its financial restructuring and emerged from Chapter 11, marking a new beginning as a stronger company with a more efficient operating [...]

Azul Linhas Aéreas Brasileiras (AD) has confirmed it is not considering filing for Chapter 11 bankruptcy protection in the United States. Instead, the Brazilian airline is negotiating with lessors to [...]

Intel plans to cut 15,000 jobs, about 15% of its workforce, to save $10 billion following weak financial results, including a $1.6 billion Q2 loss. Concurrently, Belgian firm BelGan has [...]

SAS Scandinavian Airlines has officially emerged from Chapter 11 bankruptcy protection in the United States, as well as a similar restructuring process in Sweden. The airline, which filed for Chapter [...]

SAS Scandinavian Airlines has officially emerged from Chapter 11 bankruptcy protection in the United States, as well as a similar restructuring process in Sweden. The airline, which filed for Chapter [...]

Byline: David Kaminski-Morrow Scandinavian carrier SAS has emerged from US Chapter 11 proceedings, just over two years after filing to restructure under bankruptcy protection. It has completed company re-organisation both [...]

Byline: David Kaminski-Morrow Scandinavian carrier SAS is facing a cabin crew strike as it seeks to emerge from US Chapter 11 bankruptcy protection. The airline says it has been unable [...]

LL Flooring announced that the company and certain of its subsidiaries have commenced voluntary Chapter 11 reorganization proceedings in the U.S. Bankruptcy Court for the District of Delaware. LL Flooring [...]

Byline: Editor SunPower, a prominent solar firm, has filed for Chapter 11 bankruptcy in the United States. Concurrently, the company has entered into a stalking horse agreement with Complete Solaria [...]

SunPower (SPWR) announced it has entered into an asset purchase agreement with Complete Solaria (CSLR) to serve as the Stalking Horse Buyer for the assets associated with SunPower's Blue Raven [...]

Byline: Shubha Mitra The semiconductor industry worldwide sees a job crisis as Intel plans to let go 15,000 jobs to save $10 billion amid weak results, while BelGan files for [...]

2U announced that it has initiated a financial transaction. The company has entered into a restructuring support agreement, or RSA, with lenders and noteholders holding approximately 87% of its outstanding [...]

Conn's has filed for bankruptcy with plans to shut down, seeking Chapter 11 protection in Texas, and listing assets and liabilities of at least $1B each in its bankruptcy petition, [...]

Vintage Wine Estates filed a voluntary petition for reorganization under chapter 11 of title 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Over [...]

Byline: Jessica Broadbent US wine group Vintage Wine Estates has filed for bankruptcy and is to voluntarily delist its common stock after failing to pay off $60.5m in debt. The [...]

Byline: Hannah Abdulla Coloreel issued a statement in which it said its bankruptcy stemmed from its inability to “develop its business volume quickly enough” and “secure the necessary financing”. Coloreel’s [...]

Avianca Group, the parent company of Avianca Airlines based in Bogotá, has announced plans to confidentially submit a draft registration for an initial public offering (IPO) of its ordinary shares [...]

Chicken Soup for the Soul Entertainment, the parent company of Redbox, filed for Chapter 11 bankruptcy protection on Friday, according to court papers and media reports. In the filing, the [...]

Chicken Soup for the Soul Entertainment, the parent company of the movie rental company Redbox, which is known for its distinctive red kiosks, filed for Chapter 11 bankruptcy protection on [...]

Cano Health announced it has emerged from Chapter 11 'as a reorganized private company with a significantly improved capital structure and optimized operations focused on providing quality patient care within [...]

Nevada Copper Corp. and its subsidiaries (collectively, Nevada) reported an update on its Chapter 11 bankruptcy process and management appointments. The Company said it has received orders from the Bankruptcy [...]

United Caribbean Airlines B.V. and JetAir Caribbean B.V., operating as JetAir Caribbean (4J), have filed for bankruptcy in Curaçao's Court of First Instance as of June 18, 2024. This decision [...]