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  • May 2- Magnum Hunter Resources Corp and its founder Gary Evans are emblematic for the U.S. shale revolution: it started small, borrowed heavily to snap up land and rivals and then crumbled under the weight of debt when prices crashed. With little chance of seeing hundreds of millions of dollars in debt repaid, creditors including Goldman Sachs, Highbridge Capital...

  • NEW DELHI, May 2- A long-awaited Indian bankruptcy code may soon win parliamentary approval, but struggling creditors- above all state banks trying to recover $100 billion in bad loans- shouldn't start celebrating just yet. For Prime Minister Narendra Modi's drive to' Make in India', encouraging new investment depends on unburdening creditors of old ones that...

  • MEXICO CITY, April 29- Mexico construction company ICA plans to file a pre-packaged bankruptcy for some units, exit its international business and sell its homebuilding operations as it seeks to restructure, according to a document seen by Reuters. The document, which outlines minutes of a meeting this month at which Chief Financial Officer Pablo Garcia...

  • April 28- Energy Futures Holdings Corp's plan to sell its Oncor power distribution business for about $19 billion to fund its exit from bankruptcy will not close as expected, a company lawyer told a U.S. While Oncor is considered a crown jewel asset, the Public Utility Commission of Texas imposed conditions for approving the deal that have discouraged the...

  • April 27- Pacific Exploration& Production Corp said an Ontario court approved a $500 million debtor-in-possession financing facility for the Canadian company and its units, hours after it filed for creditor protection. The Ontario Superior Court of Justice also approved a $134 million letter-of-credit facility and second-priority lien over assets...

  • Sports Authority choosing to liquidate

    The sportswear retailer decides against trying to reorganize itself.

  • April 27- When a group of hedge funds agreed to lend $725 million to SunEdison Inc- three months before it filed for bankruptcy last week- they secured an unusually generous concession from the U.S. renewable energy company and its other lenders. The funds, which at the time included Tennenbaum Capital Partners LLC and Candlewood Investment Group LP, put...

  • A pedestrian walks past a Sports Authority Inc. store in New York, U.S., on Saturday, Feb. 6, 2016. Sports Authority, once the biggest sporting-goods chain in the U.S., is preparing to file for bankruptcy.

    The sports retailer's attorney told a judge that Sports Authority will pursue liquidation instead of trying to restructure itself.

  • April 25- Oil producer Swift Energy Co said on Monday it emerged from Chapter 11 bankruptcy, less than four months after filing for creditor protection. Swift filed for bankruptcy on Dec. 31, joining about 40 other energy companies that entered bankruptcy in 2015 as oil prices plunged. The company said it has completed its financial reorganization, which was...

  • NEW YORK, April 22- A U.S. bankruptcy judge on Friday put off making a decision on SunEdison Inc's request for an independent examiner at the company's first day in court. In its request, SunEdison cited the subpoena it received from the U.S. Department of Justice related to financing activities, a U.S. Securities and Exchange Commission investigation and a...

  • CHICAGO, April 22- West Virginia's environmental authority opposes a plan by bankrupt coal miner Alpha Natural Resources to sell core assets to its hedge fund lenders, saying in a court filing that it could undermine a $1 billion cleanup. The West Virginia regulator said in a filing that Alpha had yet to explain how it would comply with its bonding and cleanup...

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. The company is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- SunEdison Inc, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30.

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. The company is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. Aeropostale is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • A solar technician employed by SunEdison checks the rooftop array of solar panels

    SunEdison is one of the largest bankruptcies by asset value in a decade.

  • In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. Shares of SunEdison were halted, and last traded at about 34 cents on the New York Stock Exchange. The company's stock traded as high as $33.44 in July 2015.

  • In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. "Our decision to initiate a court-supervised restructuring was a difficult but important step to address our immediate liquidity issues," said Ahmad Chatila, SunEdison chief executive officer. Shares of SunEdison were halted, and last traded...

  • SunEdison files Ch. 11

    CNBC's David Faber reports on SunEdison filing for Chapter 11 bankruptcy.

  • Once the fastest growing U.S. renewable energy developer, SunEdison embarked on an aggressive acquisition strategy that left it struggling with $12 billion in debt as of Sept. 30.