Becky Yerak

OxyContin manufacturer Purdue Pharma won court approval for an opioid-related settlement plan of at least $7.4 billion, clearing its path to exit from a six-year bankruptcy and resolve mass lawsuits against the company for fueling addiction.

Florida-based company seeks protection from creditors, saying it has only $750,000 in cash against total debts of roughly $550 million.

Telecommunications business Optimum, formerly Altice, alleges that lenders colluded to restrict access to credit markets through a private cooperation pact.

Nicklaus Cos., a golf-course designer and marketer of Jack Nicklaus products, has filed for bankruptcy after being hit with a $50 million defamation verdict in favor of the legendary golfer and company founder.

More companies are pursuing out-of-court restructurings as chapter 11 costs climb.

The parent company of QVC and HSN targets a 90-day turnaround to overhaul its debt after securing a prearranged restructuring plan with key lenders.

Chris Ullman has performed on the ‘Tonight Show’ and at Orioles games, and for Jerome Powell and George W. Bush. He’s looking for one more break.

Becky Yerak Chris Ullman knows he's a polarizing figure in entertainment. The 62-year-old has performed for a U.S. president, on the “Tonight Show” and at a recent Baltimore Orioles game.

At least three U.S.-listed companies have picked London as the venue to restructure their debts in the past year.

The insurance brokerage, once valued at $6.6 billion, entered chapter 11 with nearly $1 billion in debt and a plan that leaves operations intact.