Alicia McElhaney

The high-speed Florida railroad operator is struggling with a bloated debt pile amid dropping ridership.

PdVSA has retained the law firm to protect its interests in the Citgo sale after U.S. Treasury granted Venezuela permission to hire advisers on Tuesday.

The Clearlake-backed software-as-a-service company saw earnings drop recently after restructuring some $1.8 billion in debt less than two years ago.

The U.S. bankruptcy watchdog said the auto-parts supplier improperly favors some professionals and lenders in its proposed plan.

The nation’s largest private railroad is negotiating with creditors to avert what could become one of the largest defaults in U.S. municipal bond market history.

The U.S. government accused First Brands Group of tariff fraud, alleging the bankrupt auto-parts supplier undervalued imported goods from China to avoid paying higher duties.

The auto-parts supplier’s proposal bypasses most administrative creditors and pays DIP lenders, drawing scrutiny from the bankruptcy watchdog and a judge.

Creditors to the company have broken into factions as the software provider struggles with its $5.5bn debt load

Liability management transactions that excluded some creditors have led to contentious prepackaged bankruptcy cases.

After extending its interest payment deadline and securing a small financing, Brightline secures two more weeks to negotiate with lenders.