Bankruptcy Newswire (Page 5)

Bankruptcy Newswire (Page 5)

Comprehensive Real-Time News Feed for Bankruptcy. (Page 5)

Results 81 - 100 of 57,479 in Bankruptcy

  1. Puerto Rico faces bank closure, privatizations amid crisisRead the original story w/Photo

    Friday | Fredericksburg.com

    ... Rico might announce a deal with bondholders to restructure a portion of its $70 billion public debt or opt for a bankruptcy-like process. After May 1, the U.S. territory will no longer be shielded from lawsuits by creditors seeking to recuperate the ...

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  2. Lehman Suit Seeks Return of $2 Billion in 'Phantom' Citi FeesRead the original story w/Photo

    Friday | Bloomberg

    Almost a decade after the global financial crisis, the fate of another $2 billion from the wreckage of Lehman Brothers Holdings Inc. is about to be determined. The failed New York investment bank is seeking to recoup the cash from one of its old derivatives trading partners,  Citigroup Inc. In a trial that started this week in Manhattan bankruptcy court, Lehman alleges Citigroup created "phantom transaction costs" in order to justify a bankruptcy claim that would allow it to keep $2 billion in cash Lehman had deposited on the trades.

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  3. Erickson Successfully Completes Financial Restructuring and Emerges from Chapter 11Read the original story w/Photo

    Friday | GlobeNewswire

    Erickson Incorporated, a leading global provider of aviation services, announced today it has successfully emerged from Chapter 11 bankruptcy protection. The company satisfied the conditions of its confirmed plan of reorganization, which became effective following approximately five months of negotiations and court proceedings.

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  4. Bonanza Creek Energy Successfully Completes Prepackaged Financial...Read the original story w/Photo

    Friday | GlobeNewswire

    Bonanza Creek Energy, Inc. today announced that in accordance with and pursuant to its Plan of Reorganization , which was confirmed by the United States Bankruptcy Court for the District of Delaware on April 7, 2017, the Company has successfully completed its prepackaged restructuring and emerged from Chapter 11. Richard Carty, President and CEO, commented, "We are very pleased to announce our emergence from Chapter 11, and I am very thankful to all of our dedicated employees and stakeholders for their efforts in this process, getting the Company from filing to emergence in little over 100 days.

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  5. There's a booming shadow industry emerging from the retail...Read the original story w/Photo

    Friday | Albany Times Union

    ... from closing stores, it also helps connect suppliers to new buyers. Right before Sports Authority filed for bankruptcy last year, for example, the sporting goods company had ordered hundreds of paddle boards. When news hit of the filing, the ...

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  6. Puerto Rico Board Moves to Consider Bankruptcy-Like ProcessRead the original story w/Photo

    Friday | Bloomberg

    Puerto Rico's federal overseers took an initial step toward considering the use of bankruptcy-like proceedings to allow the island to escape from $70 billion of debt if it's unable to reach an agreement with bondholders. The territory's oversight board, which was created to help resolve the fiscal crisis, unanimously approved a measure that allows it to hold executive sessions to consider petitioning a court to cut Puerto Rico's obligations.

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  7. Is Management Really to Blame for Cameco's Woes?Read the original story

    Friday | Fox News

    ... would have made money. That's an impressive showing during a downturn that's pushed more than one miner into bankruptcy court. The key to Cameco's success is a focus on long-term contracts. These can limit the upside when prices are rising, but they ...

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  8. Letters: Medicare for all would be bad; LDNaRead the original story

    Friday | The Lebanon Daily News

    ... last year, mostly in the United States. While there is no denying that medical bills have driven some people to bankruptcy, Dr. Davidson's statement that "we have been left with a system that yearly causes a half a million medical bankruptcies" is ...

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  9. Why Shouldn't American Airlines Give Staff a Raise?Read the original story w/Photo

    Friday | Bloomberg

    ... billion in operating lease obligations. Generous pay isn't the only bad habit American has rediscovered. While bankruptcy protection and a merger with US Airways helped American cut costs, its employee count (124,000) and personnel expenses are ...

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  10. UPDATE 1-Fuel costs tip Indonesian airline Garuda into first-quarter lossRead the original story w/Photo

    Friday | Reuters

    JAKARTA, April 28 Higher fuel costs tipped Indonesian state-controlled airline PT Garuda Indonesia Tbk into a first-quarter net loss of $98.5 million, its chief executive said on Friday. Garuda, which this month appointed former banker Pahala Mansury as CEO to revive its fortunes, had reported a net profit of $1.02 million in the same period last year.

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  11. Trump's top pick to replace Preet Bharara angered Chicago fedsRead the original story w/Photo

    Friday | Crain's New York Business

    ... Ryan was also involved in trying to collect a disputed six-figure debt from McNally himself related to the bankruptcy of his former employer. McNally "had a motive to curry favor" with Ryan's law firm to influence the outcome of his personal ...

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  12. GM wouldn't benefit from Trump tax plan for years, but supports reformRead the original story w/Photo

    Friday | Automotive News

    General Motors broadly supports President Donald Trump's effort to cut corporate taxes but wouldn't benefit for about five years because of the huge losses it incurred leading up to its 2009 bankruptcy, CFO Chuck Stevens said. GM, by applying deferred tax credits it was allowed to keep after washing away debt and forming itself into a new company, already pays an effective tax rate of less than the 15 percent Trump has proposed, Stevens said.

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  13. Russia to build SpaceX rival rocketRead the original story

    Friday | Advanced-television.com

    ... States, and was managed by Boeing. In 2009 Sea Launch Co, the provider of the Sea Launch service, filed for bankruptcy, and in 2013 Boeing filed a lawsuit claiming that RSC Energia and two other contractors (PO Yuzhnoye and KB Yuzhnoye) failed to ...

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  14. Six Attorneys from Kane Russell Coleman Logan Recognized on D...Read the original story

    Friday | PRWeb

    ... honor for each of these attorneys. " Joseph Coleman , Founding Director of KRCL and Chair of the Insolvency, Bankruptcy & Creditor Rights Section, has been named to the list in the Bankruptcy & Workout category for the sixth consecutive year. He has ...

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  15. WRAPUP 2-Surging Chevron, Exxon profits signal oil industry turnaroundRead the original story w/Photo

    Tuesday Apr 4 | Reuters

    While cost cuts and asset sales provided a boost to both companies, the results highlighted the slowly improving dynamics for the energy industry as oil prices CLc1 LCOc1 have climbed more than 50 percent since early 2016. First-quarter results were especially robust at Exxon, where quarterly profit more than doubled to $4.01 billion, even as production fell 4 percent.

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  16. Alberta Energy Regulator says will appeal Redwater case to Supreme CourtRead the original story w/Photo

    Oct 29, 2016 | GlobalNews

    The Alberta Energy Regulator said Friday it will appeal to the Supreme Court of Canada a case that pits creditors' rights to oil and gas assets against environmental liabilities. The lawsuit involving bankrupt Redwater Energy Corp. has been closely watched as a precedent-setting case, as financial difficulties continue to afflict the oil and gas industry after more On Monday, the Alberta Court of Appeal upheld in a 2-1 decision a lower court's ruling in favour of Grant Thornton, Redwater's trustee in bankruptcy, and its lender, ATB Financial, who wanted to sell off its productive wells to pay creditors and leave the others for the industry-supported Orphan Well Association to remediate.

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  17. UPDATE 1-Puerto Rico oversight board approves GDB liquidation planRead the original story w/Photo

    Friday | Reuters

    ... creditors. It could also file a so-called Title III proceeding, an in-court restructuring process akin to U.S. bankruptcy, which would protect it from lawsuits. At Friday's meeting, the board adopted a mechanism to file a Title III proceeding for ...

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  18. GM supports Trump tax plan, but wouldn't benefit for yearsRead the original story w/Photo

    Friday | Automotive News

    General Motors broadly supports President Donald Trump's plan to cut corporate taxes but wouldn't benefit for about five years because of the huge losses it incurred leading up to its 2009 bankruptcy, CFO Chuck Stevens said. GM, by applying deferred tax credits it was allowed to keep after washing away debt and forming itself into a new company, already pays an effective tax rate of less than the 15 percent Trump has proposed, Stevens said.

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  19. EU states approve plans for stricter limits on pollutants from power plantsRead the original story w/Photo

    Friday | Reuters

    Power plants in the European Union will have to cut the amount of toxic pollutants they emit such as nitrogen oxides under new rules approved by EU member states on Friday and widely applauded by environmental groups. The decision imposes stricter limits on emissions of pollutants like nitrogen oxide, sulfur dioxide, mercury and particulate matter from large combustion plants in Europe.

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  20. Trump's Top Candidate for N.Y. Prosecutor Angered Chicago FedsRead the original story w/Photo

    Friday | Bloomberg

    ... Ryan was also involved in trying to collect a disputed six-figure debt from McNally himself related to the bankruptcy of his former employer. McNally "had a motive to curry favor" with Ryan's law firm to influence the outcome of his personal ...

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