Bankruptcy News
Bankruptcy News RSS FeedRSS

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Excerpted from the June 2017 Issue

Puerto Rico Government Bankruptcy: Uncertainty But Also Investing Opportunity

Because of special tax law provisions that exempt the territory’s debt from not only federal taxes but also state taxes in every state, the bonds are widely held by investors across the country. Since the legal action is under a new law that has never been tested, there is tremendous uncertainty about how much creditors will recover and how long the process will take, but there may be opportunities for stock investors to profit from the island’s restructuring as well--perhaps with less downside risk than in many of the bonds. We found four public companies based in Puerto Rico that could benefit from stabilization in the island’s finances as well as three major insurance companies with exposure to Puerto Rican debt.
Read More
CASL Files Bankruptcy

A.M. Castle Chapter 11 Petition, Plan Filed

A.M. Castle and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-11330 (Keystone Tube Company).
Read More
SquareTwo Financial Emerges Bankruptcy

SquareTwo Financial Plan Effective

SquareTwo Financial's Modified Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection.
Read More
CGG Holding (U.S.) Files Bankruptcy

CGG Holding (U.S.) Chapter 11 Petition Filed

CGG Holding and 13 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 17-11637.
Read More
SOUP Files Bankruptcy

Soupman Chapter 11 Petition Filed

Soupman and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-11313 (The Original Soupman).
Read More
GenOn Energy Files Bankruptcy

GenOn Energy Chapter 11 Petition Filed

GenOn Energy (f/k/a RRI Energy) and more than 50 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 17-33695.
Read More
Novation Reorganization Plan Approved

Novation Companies Plan Confirmed

The U.S. Bankruptcy Court issued an order confirming Novation Companies' Second Amended Joint Chapter 11 Plan of Reorganization.
Read More
Gymboree Files Bankruptcy

Gymboree Chapter 11 Petition Filed

Gymboree and seven affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Virginia, lead case number 17-32986.
Read More