A former NASA scientist and his partner are looking to make a killing from the e-commerce businesses of bankrupt retailers Dressbarn, Pier 1, Modell’s and others.
The offshore drilling contractor, which recently filed for bankruptcy, received court permission to restrict the trading of its stock to protect more than $5 billion in possible tax breaks.
Apparel retailer J.Crew Group Inc. has won approval for its plan to emerge from bankruptcy with a deal cutting its debt and handing ownership to a group of its lenders led by hedge fund Anchorage Capital Group LLC.
TNT Crane & Rigging has filed for bankruptcy protection with votes of support in hand for a balance-sheet reshaping designed to preserve the business in the face of disruption from the Covid-19 pandemic.
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Leveraged Loans
Biggest gainers and losers among widely-quoted syndicated loans, updated daily.
| LOAN | % CHANGE |
|---|---|
| Cineworld 9/19 Incremental Cov-Lite TL | 3.85% |
| Flint Group 4/14 (USD) Cov-Lite TLB2 | -1.26% |
Source: IHS MarkitFULL TABLE
Brooks Brothers—the self-proclaimed oldest clothier in the U.S.—filed for bankruptcy in July. Analysts say the suit dealer wasn’t able to keep up with modern men who often wanted styles that were cheaper and more functional.
J.Crew was the first big retail chain to file bankruptcy in the wake of coronavirus lockdowns. But analysts say J.Crew’s struggle started years earlier, as its debt mounted and it lost touch with its customers.
Explore the hourly fees charged by law firms in chapter 11 cases, including filters for parties represented, years, firms and districts.
Sort S&P’s table of “weakest links” as of May 2020 by sector and other categories.
This is a summary of a request from Remora Petroleum LP to hire Hunton Andrews Kurth LLP as counsel, filed Aug. 24 with the U.S. Bankruptcy Court in Houston.