Dorothy Ma

The current debtor-in-possession financing plan could risk a lawsuit down the road, Judge Craig T. Goldblatt told lenders at a Nov. 19 hearing in Delaware.

Dorothy Ma 1 min read (Bloomberg) -- The company that runs the Miss America beauty pageant filed for bankruptcy following a legal dispute over its ownership.

The company that runs the Miss America beauty pageant filed for bankruptcy following a legal dispute over its ownership.

Hertz Corp. bondholders who are owed about $320 million in unpaid interest leftover from the company’s Covid-era bankruptcy, fear the car renter will delay paying them in the face of fresh financial turmoil, a lawyer said in federal court Friday.

Sweden’s Intrum AB has struck an agreement with a noteholder group that could resolve a key obstacle in the debt collector’s bid to restructure in US bankruptcy court.

(Bloomberg) -- Sweden’s Intrum AB said its bid to settle a debt restructuring dispute with a minority group of noteholders has failed to win the support of creditors that had backed the proposals months ago.Most Read from BloombergHow California Sees the World, and ItselfHong Kong's Expat Party Hub Reshaped by Chinese InfluxLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe debt collector will now ask the US bankruptcy court in Texas to approve its pre-packaged Chapter 11 filing, Intrum sa

Party City Holdco Inc. plunged into bankruptcy for the second time in two years after sales faltered under the yoke of stubborn inflation.

A US bankruptcy judge has confirmed the debt restructuring plan of Sweden’s Intrum AB despite the opposition from a minority group of creditors, clearing a major obstacle for the debt collector.

Prospect Medical Holdings Inc., once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs.

Bankrupt hospital chain Prospect Medical Holdings Inc. won court permission to start drawing from its $100 million Chapter 11 financing despite a challenge from landlord Medical Properties Trust Inc.