Hertz is requesting bankruptcy court approval to pay dozens
of executives up to $12 million in bonuses if they meet certain
The U.S. branch of beauty retailer L’Occitane filed for
Chapter 11 protection in New Jersey on Tuesday with plans to
close some of its stores.
Buffet-style pizza chain CiCi’s Pizza has filed for Chapter
11 protection with a plan to reorganize under the control of
lenders and exit bankruptcy within two months.
A U.S. Bankruptcy Court judge on Monday approved The Weinstein Co’s liquidation plan, which sets aside $17 million for women who accused co-founder Harvey Weinstein of sexual misconduct. | Video
Insurers who may be on the hook for the Boy Scouts of
America's liabilities stemming from sex abuse allegations are
looking to investigate the validity of what they say are
"implausibly large" numbers of claims filed in the youth
organization’s bankruptcy case.
Ruby Tuesday secured bankruptcy court approval for a bonus
plan that would pay five executives up to a combined $619,500 in
incentive payments despite opposition from the U.S. Department
of Justice’s bankruptcy watchdog.
U.S.-based units of a Singaporean hotel real estate trust
secured approval to access part of a $100 million loan to fund
their Chapter 11 proceedings in Delaware, but may face a bumpy
bankruptcy ahead with an existing lender saying the process may
be too costly.
A lawyer for the National Rifle Association on Wednesday
denied claims that its bankruptcy was not filed in good faith
and said the filing was not an attempt to evade litigation
brought by New York's attorney general.
Purdue Pharma expects to submit a proposed reorganization
plan to a New York bankruptcy court by mid-February, a lawyer
for the OxyContin maker said during a remote court hearing on
Units of a Singapore-based real estate trust for airport
hotels have filed for bankruptcy in Delaware as the COVID-19
pandemic continues to ravage the hospitality industry.