Bankruptcy

Judge Gives PG&E Bondholders Reorganization Plan Equal Footing With Company Plan

Late Wednesday, the bankruptcy judge in PG&E Corp.'s (NYSE: PCG) Chapter 11 proceeding ruled that a bondholder plan will be considered alongside the company's own proposed restructuring plan. The ruling ...
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PG&E Cuts Off Power, Costs California Economy $2.6 Billion

All those years of insufficient maintenance caught up with PG&E Corp. (NYSE: PCG) in 2017 and 2018 when wildfires raged through Northern California destroying thousands of homes and causing at ...
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Vendors Stiffed by Sears Want the Company Liquidated, Not Reorganized

A bankruptcy judge in New York is scheduled to rule Thursday on the Chapter 11 reorganization plan for Sears Holdings, the parent of Sears and Kmart stores. On Monday, as ...
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Forever 21 May Get Rescued — by Mall Owners

When Forever 21 filed its Chapter 11 bankruptcy protection claim on Sunday, among its 15 largest creditors were mall owners Simon Property Group, Brookfield Property Partners and Macerich. The fast-fashion ...
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12,000 Stores Could Close This Year

With the Chapter 11 filing of Forever 21, 178 of its stores could be shuttered. This adds to a total of about 7,300 across the industry so far in 2019, ...
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Chapter 11 for Forever 21

The retail chain that embraces an eternal youthful disposition, Forever 21, may not be around for too much longer after the company voluntarily filed for Chapter 11 bankruptcy over the ...
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US Retailers Close 7000 Stores in First Half of 2019

As multiple American retailers announce the shuttering of stores by the hundreds, it is hard to keep track of exactly how horrible the carnage has become. A firm that tracks ...
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Does PG&E’s Reorganization Plan Have Any Support?

The bankruptcy reorganization plan submitted by PG&E Corp. (NYSE: PCG) on Monday got a predictable response: with a few exceptions, no one liked it. PG&E's plan proposes to pay in ...
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PG&E Declines San Francisco Bid, Preferring Bankruptcy to Municipal Ownership

Since filing for bankruptcy protection in January, PG&E Corp. (NYSE: PCG) has been acutely focused on legislation pending in the state legislature that would have allowed the company to issue ...
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Struggling Retailer Fred’s Files for Bankruptcy Protection

Retailer Fred's Inc. (NASDAQ: FRED) said Monday morning that it has voluntarily filed for Chapter 11 bankruptcy protection. The company is seeking bankruptcy court approval to enter into a debtor-in-possession ...
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Investors Torch Mallinckrodt on Report of Possible Bankruptcy Filing

Mallinckrodt PLC (NYSE: MNK), a maker of specialty and generic drugs, reportedly has hired advisors to help the company decided whether to file for bankruptcy protection ahead of a federal ...
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Is Mallinckrodt Running Out of Options?

Mallinckrodt PLC (NYSE: MNK) is a pharmaceutical player that has been in trouble over its role in the opioid crisis in America. With its shares down 90% or so in ...
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Is PG&E Doomed All Over Again?

PG&E Corp. (NYSE: PCG) is a utility that is too shaky for almost any type of investor. After all, the utility sector is supposed to be very defensive and come ...
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Will Bed Bath & Beyond Be the Next Major Retailer to Go Bankrupt?

The financial and operational situation at Bed Bath & Beyond Inc. (NASDAQ: BBBY) is deteriorating quickly. Like a handful of other large, battered retailers, if it cannot sharply reverse course, ...
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Coal’s Demise Gets Messier and Speedier

That coal is losing its place as a fuel for electricity production in the United States, the Trump administration and the country's leading producers are trying to shore up coal's ...
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