Bankruptcy

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UPDATE 2-Aeromexico reorganization plan confirmed after creditor deal

NEW YORK, Jan 28 Aeromexico on Friday won court approval of its restructuring plan after the airline struck a deal with the remaining holdouts among its creditors, clearing the way for it to emerge from bankruptcy with new controlling shareholders.

UPDATE 1-UK company liquidations surge to record high in late 2021

LONDON, Jan 28 A record number of companies in England and Wales agreed with their creditors to cease trading during the final quarter of 2021, after COVID support for businesses and protection against court insolvency proceedings was phased out.

Healthcare Jan 28 2022

UK reports record total of voluntary company liquidations in Q4

LONDON, Jan 28 A record number of companies in England and Wales went into a voluntary form of insolvency in the final three months of last year, as COVID support and protection from creditors was phased out.

Healthcare Jan 28 2022

UPDATE 2-Aeromexico reaches $40 mln deal with creditors in bankruptcy exit boost

Jan 27 Grupo Aeromexico has reached a $40-million deal with a group of unsecured creditors to withdraw their objection to the airline's bankruptcy restructuring plan, Aeromexico's lead counsel said on Thursday.

Stock Quote, Bonds, Markets, Financials Jan 27 2022

Aeromexico to defend restructuring in New York bankruptcy court

Jan 27 A U.S. bankruptcy court will start considering Grupo Aeromexico SAB de CV's proposed reorganization plan on Thursday, as the Mexican carrier battles junior creditors who say they are being unfairly treated in a hearing likely to stretch over several days.

Stock Quote, Bonds, Markets, Financials Jan 27 2022

As Aeromexico aims for bankruptcy exit, junior creditors decry reorg plan

Jan 26 Grupo Aeromexico SAB de CV is nearing the finish line of its restructuring with a proposed plan to reduce debt by more than $1 billion, but must first overcome opposition from junior creditors who say existing shareholder Delta Air Lines, among others, is benefiting from the deal at their expense.

Stock Quote, Bonds, Markets, Financials Jan 26 2022

UPDATE 1-Racketeering lawsuit against McKinsey revived by U.S. appeals court

NEW YORK, Jan 19 A U.S. appeals court on Wednesday revived a racketeering lawsuit accusing the consulting firm McKinsey & Co of concealing potential conflicts when seeking permission from bankruptcy courts to perform lucrative work on corporate restructurings.