'FTX' One Year Later: The Impact on Examiner Practice in Bankruptcy Courts
In November 2023, the Third Circuit issued a decision in ‘FTX Trading Ltd.’ that bankruptcy practitioners feared could have nationwide consequences for Chapter 11 proceedings. William Curtain and ...
Hart Energy16d
Independence Contract Drilling Emerges from Chapter 11 Bankruptcy
has completed its Chapter 11 restructuring process, emerging as a private company, ICD said Jan. 20. The U.S.-based onshore contract driller eliminated more than $197 million of convertible debt in ...
WHYY20d
Some UArts buildings sold out of bankruptcy. Here’s what’s left on the auction block in Philly
The UArts Arts Alliance Building near Rittenhouse Square is being auctioned off to the highest bidder as part of the University of the Arts bankruptcy case.(Kristen Mosbrucker-Garza/WHYY) The Arts ...
CNN21d
Spirit Airlines cuts 200 jobs amidst bankruptcy scramble
Spirit Airlines announced it will cut 200 jobs in an effort to reduce costs after filing for bankruptcy in November. The airlines filed for Chapter 11 bankruptcy protection due to challenges with ...
USA Today21d
Joann files for bankruptcy for second time within a year, seeks to sell all assets
Joann, an 82-year-old fabric and craft retailer, announced it has filed for Chapter 11 bankruptcy for a second time within a year due to financial and inventory issues. The company originally ...
The Real Deal21d
Nick of time: Penn-Florida files bankruptcy on Boca Raton Via Mizner apartments, dodging $145M UCC auction
is pursuing Chapter 11 reorganization. It listed $100 million to $500 million in assets and liabilities, according to property and court records. It filed for bankruptcy on Wednesday, the same day ...
Daily Mail21d
Spirit Airlines slashes jobs as it battles to stay afloat amid bankruptcy scramble
Spirit Airlines is slashing about 200 jobs as the budget carrier works to reduce costs following its November Chapter 11 bankruptcy filing. 'We are executing on plans to rightsize our organization ...
syracuse.com21d
National retailer files for bankruptcy again, closes a Central NY store
A national fabrics and crafts retailer is filing for bankruptcy for the second time within a year. Joann filed for Chapter 11 again on Wednesday, according to CNN, citing struggling sales and ...
MassLive21d
Iconic craft store files bankruptcy, second time in one year
Once popular craft retailer JOANN Fabrics filed for Chapter 11 bankruptcy earlier this week — marking its second time doing so in the last 10 months. The company first filed for bankruptcy in ...
Los Angeles Times21d
Craft supplies retailer Joann declares bankruptcy for the second time in a year
The retailer emerged from a previous Chapter 11 bankruptcy process last April after eliminating $505 million in debt. Now, with $615 million in liabilities, the company will begin a court ...
ConsumerAffairs22d
Joann Fabrics declares bankruptcy and will seek a buyer
Joann Fabrics has once again filed for Chapter 11 bankruptcy protection and said it would try to sell the business. “The company is seeking court approval to begin a process for the sale of ...
NorthJersey.com22d
Joann craft chain, with 11 NJ stores, files second bankruptcy in a year
Joann Fabrics announced that it was declaring Chapter 11 bankruptcy for the second time within a 12-month period as it seeks a buyer to rescue the beleaguered chain. Chapter 11 bankruptcies ...