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Apr 9 2019

Bankrupt Companies in the News, filing for bankrupt.

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Daily Bankrupt Company Updates | Bankrupt Company News

Filing for bankrupt

Breaking Bankruptcy News at your Fingertips

Bankrupt Company News is the most trusted source for up-to-date corporate bankruptcy news. We’re dedicated to providing detailed and timely information on Chapter 11 filings, corporate restructurings, businesses experiencing distress and more. Our contributors update daily, and all information is drawn directly from the 94 U.S. Bankruptcy Courts and other primary sources. Learn more about all the most recent bankruptcies filed at BankruptcyData.

Filing for bankrupt

CEOC Bankruptcy Financing Update

Caesars Entertainment Operating Company (CEOC) announced that the Company has obtained committed financing for $2.2 billion of proceeds to finance the fee and leasehold interests in Caesars Palace Las Vegas: a 3,974 room full-service luxury resort and casino located on Las Vegas Strip. The proceeds from this new-money financing for the to-be-formed REIT will be

21st Century Oncology Bankruptcy Extension Sought

21st Century Oncology Holdings filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including January 20, 2018 and March 21, 2018, respectively. The motion explains, Less than four months from the Petition Date, the Debtors

Optima Specialty Steel Effective Date Status Updated

Optima Specialty Steel filed with the U.S. Bankruptcy Court a notice of status of effective date under the Company s Second Amended Joint Chapter 11 Plan of Reorganization and a request for a hearing to provide a status report to the Court. The notice states, The Effective Date of the Plan was due to occur on

TerraVia Bankruptcy Financing Approved

The U.S. Bankruptcy Court issued a final order approving TerraVia Holdings motion to obtain post-petition secured financing. As previously reported, The Debtors seek entry of interim and final orders: (a) authorizing the Borrower to enter into…the new money debtor-in-possession financing facility (the DIP Facility ) in the aggregate principal amount of $10,000,000 to be funded by

First NBC Bank Bankruptcy Objection Filed

First NBC Bank Holding s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtor s motion for an extension of the exclusivity period and time within which the Debtor s Plan may solicit Plan acceptances. The objection explains, The Debtor provides only two arguments for cause first, that the Debtor

Foundation Healthcare Bankruptcy Objections Filed

The U.S. Trustee assigned to the Foundation Healthcare case and Healthcare Affiliates filed with the U.S. Bankruptcy Court separate objections to the Company s First Amended Joint Chapter 11 Plan of Liquidation. The Trustee asserts, The release and exculpation provisions included in the Amended Plan should be modified to clarify that they comply with 11 U.S.C .

21st Century Oncology Bankruptcy Complaint Filed

21st Century Oncology Holdings and Central Coast Medical Oncology (CCMO) filed with the U.S. Bankruptcy Court a complaint against U.S. CANCER CARE (USCC) and OnCure Medical. The complaint alleges, As a direct and proximate result of USCC/ONCURE s fraudulent misrepresentations and concealment, CCMO has suffered damages in an amount to be proven at trial, but in

Angelica Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court entered an order confirming Angelica s Third Amended Joint Chapter 11 Plan. Substantially all of Angelica s assets were sold during the Company s Chapter 11 proceeding, with sale proceedings used to satisfy various claims. The privately-held medical laundry and linen management services provider, n/k/a RFID Corporation, filed for Chapter 11 protection on April

Rooster Energy Bankruptcy Exclusivity Extension Sought

Rooster Energy filed with the U.S. Bankruptcy Court a motion to extend by 90 days the exclusive period during which the Debtors may file their Chapter 11 plan and solicit acceptances thereof through and including December 29, 2017 and February 27, 2018, respectively. The motion explains, Cause exists to grant the short extension of time

MIE Holdings S P Update

On August 28, 2017, S P Global Ratings lowered its long-term corporate credit rating on MIE Holdings Corporation to SD from CC and its senior unsecured notes rating to D from CC. According to S P Global, the ratings were lowered because MIE completed an exchange offer for its senior unsecured notes due 2018 and 2019. The

Bon-Ton Stores Hires Advisory Firm

According to recent press and people familiar with the matter, The Bon-Ton Stores, Inc. is hiring advisers to help it turn around its business and slash its debtload, as it struggles to cope with the sector’s downturn. Bon-Ton has tapped advisory firm AlixPartners LLP to provide operational advice on its turnaround efforts, and is also


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