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United States

Jim Christie

Promise Healthcare seeks $85 mln loan to expedite sales in Ch. 11

Nov 09 2018

Bankrupt hospital and nursing home chain Promise Healthcare Group LLC is pushing for an order for final approval of an $85 million loan package to support it while it seeks to sell assets in coming weeks and avoid being pushed into liquidation.

Puerto Rico judiciary seeks court fight over cuts to its pensions

Nov 08 2018

A group representing serving and retired judges in Puerto Rico is seeking an order in the U.S. territory's bankruptcy-like restructuring that would allow it to legally challenge proposed pension cuts.

Taco Bueno in Ch. 11 to prepare sale to franchisee giant Sun Holdings

Nov 07 2018

Tex-Mex restaurant chain Taco Bueno filed for bankruptcy protection on Tuesday with a deal for a debt-for-equity swap giving its 169-location business to Sun Holdings Inc, one of the largest fast-food franchisees in the United States.

PetroQuest seeks bankruptcy protection with debt-for-equity swap

Nov 07 2018

Energy producer PetroQuest Energy Inc sought bankruptcy protection on Wednesday with a plan to eliminate more than $204 million of its debt and provide $50 million to help develop assets in Texas and Louisiana.

Guam's Catholic archdiocese prepares for bankruptcy filing

Nov 07 2018

The Catholic archbishop of Guam on Wednesday said the U.S. territory's Archdiocese of Agana will file for Chapter 11 bankruptcy protection to resolve claims of sexual abuse by clergy.

Bestwall hopeful about Ch. 11 plan talks with asbestos claimants

Nov 06 2018

Bankrupt joint compound maker Bestwall LLC is seeking a four-month extension to its exclusive period, during which time it has the sole right to file a reorganization plan, so it can reach a deal with a committee representing people with asbestos exposure claims against it.

After nearly sinking, Aegean Marine files for Ch. 11 with sale deal

Nov 06 2018

Greek maritime fuel provider Aegean Marine Petroleum Network Inc sought bankruptcy protection on Tuesday with a $532 million loan to help it stay afloat and a plan to sell itself after narrowly avoiding liquidation earlier this year.

After nearly sinking, Aegean Marine files for Ch. 11 with sale deal

Nov 06 2018

Greek maritime fuel provider Aegean Marine Petroleum Network Inc sought bankruptcy protection on Tuesday with a $532 million loan to help it stay afloat and a plan to sell itself after narrowly avoiding liquidation earlier this year.

Gastar says no need for ‘pointless’ equity committee

Nov 06 2018

Energy producer Gastar Exploration Inc on Monday struck back at minority shareholders who want an equity committee for its bankruptcy, saying appointing one would be pointless as there is little for shareholders to recover.

Papa Gino's Pizzeria parent co. closes 92 restaurants, files for Ch. 11

Nov 05 2018

PGHC Holdings Inc sought bankruptcy protection on Monday to help with its sale to private equity firm Wynnchurch Capital in a deal that the parent company of Papa Gino's Pizzeria and D'Angelo Grilled Sandwiches said will help it shed leases for underperforming restaurants and open new ones across New England.

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