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Business Events Bankruptcy


  • Aug 13- Shares of Houlihan Lokey Inc, which advised on the Enron Corp and Lehman Brothers Holdings Inc bankruptcies, rose as much as 10 pct percent in their market debut, valuing the boutique advisory firm at about $1.51 billion. The IPO raised $220.5 million for Houlihan Lokey's two biggest shareholders: ORIX USA, an arm of Japanese financial services company...

  • Aug 13- Drilling contractor Hercules Offshore Inc said it filed for Chapter 11 bankruptcy as demand from oil and gas producers and explorers drops due to weak prices. The Houston- based company will also get $450 million of debt financing from some noteholders. The financing will allow the company to pay for a new high-specification rig, Hercules Highlander,...

  • Hercules Offshore files for bankruptcy protection Thursday, 13 Aug 2015 | 8:46 AM ET

    Aug 13- Oil and gas drilling contractor Hercules Offshore Inc filed for Chapter 11 bankruptcy on Thursday, hurt by falling demand as producers and explorers cut spending.

  • The song is over for Columbia House Tuesday, 11 Aug 2015 | 8:00 AM ET
    The song is over for Columbia House

    Parent of Columbia House files for bankruptcy protection.

  • Detroit attracting fixer-uppers Tuesday, 11 Aug 2015 | 7:53 AM ET
    Detroit attracting fixer-uppers

    Detroit Mayor Mike Duggan, says he's been in Detroit his whole life, and he's never seen anything like the revival happening there.

  • Columbia House files for bankruptcy protection Tuesday, 11 Aug 2015 | 7:49 AM ET
    Columbia House home page

    The company that once offered to sell you eight CDs for 1 cent has filed for Chapter 11 bankruptcy protection after almost 20 years of falling sales.

  • LONDON, Aug 5- Distressed debt investors are looking to buy shipping loans from Italian banks, encouraged by legal and regulatory changes that could reduce the chances of them getting embroiled in drawn-out bankruptcy proceedings. U.S. hedge funds including Davidson Kempner, King Street Capital, York Capital and Z Capital, have set their sights on an estimated...

  • The victory is set to give Japan's largest carrier access to Skymark's 36 landing and take-off slots at Tokyo's popular Haneda airport, helping it cement its growing domestic dominance over Japan Airlines. ANA has a track record of operating airlines in Japan, has already discussed business plans with Skymark and other stakeholders and is close to Prime...

  • 50 Cent bankruptcy filings reveal $8M shortfall Monday, 3 Aug 2015 | 6:32 PM ET
    Curtis '50 Cent' Jackson

    Curtis "50 Cent" Jackson's latest bankruptcy filings reveal more financial details, including a net monthly income near $80K.

  • Aug 3- Alpha Natural Resources Inc, one of the largest U.S. coal companies, became the latest in the hard-hit industry to seek bankruptcy on Monday. Walter Energy Inc and Patriot Coal Corp also filed for bankruptcy protection this year. Energy Future Holdings Corp, a power company that also has a large coal mining business, has been in bankruptcy since 2014..

  • How Puerto Rico can get out of its economic 'mess' Monday, 3 Aug 2015 | 10:24 AM ET
    Edwin Medina (L) and Coral Tapia use the resources available to look for work at an unemployment office a day after the governor gave a televised speech regarding the government's $72 billion debt on June 30, 2015 in San Juan, Puerto Rico.

    Even if the U.S. government won't allow Puerto Rico Chapter 9 bankruptcy, the territory could still potentially get by.

  • Aug 3- Coal miner Alpha Natural Resources Inc became the latest company to file for Chapter 11 bankruptcy due to a steep fall in coal prices. Walter Energy Inc and Patriot Coal Corp filed for bankruptcy protection earlier this year. The company and its affiliates operate more than 50 underground and surface mines, and more than 20 coal preparation facilities in...

  • Alpha Natural and its affiliates operate more than 50 underground and surface mines, and more than 20 coal preparation facilities in Virginia, Kentucky, West Virginia, Pennsylvania and Wyoming.

  • The number of people filing for bankruptcy in the U.S. and U.K. has fallen, but homeowners could get in trouble if interest rates rise.

  • July 30- U.S. film studio Relativity Media LLC, which counts the award-winning "The Fighter" among its films, filed for Chapter 11 bankruptcy protection on Thursday and said it would pursue a sale of the company to a group of its lenders. The company said it plans to release the films "Masterminds" and "Kidnap" and its television unit's "Limitless" will debut on CBS later...

  • Back from the dead: 12 retailers get another shot Thursday, 30 Jul 2015 | 1:38 PM ET
    A Filene's Basement store New York City, May, 2009.

    Several of the companies that consumers said goodbye to have announced they're readying new acts.

  • "By granting Puerto Rico access to an orderly bankruptcy regime as soon as possible, Congress can help put Puerto Rico- and the millions of U.S. citizens who live there- on the best path to a sustained recovery," Treasury Secretary Jack Lew said in a letter to Orrin Hatch, a Republican who chairs the Senate Finance Committee. Lew said Puerto Rico had made "less than...

  • NEW YORK, July 28- New York City Mayor Bill de Blasio on Tuesday joined calls urging the U.S government to allow Puerto Rico's public entities to file for bankruptcy protection. A bill was introduced last year by Puerto Rico's representative in Congress Pedro Pierluisi to allow the U.S. territory to use federal bankruptcy laws to restructure the debt of its...


  • NEW YORK, July 24- The trustee liquidating the bankrupt brokerage unit of Jon Corzine's MF Global Holdings Ltd on Friday announced an agreement that would enable unsecured creditors to recoup nearly everything they are owed, and largely conclude the unit's nearly four-year liquidation. James Giddens, the trustee, said he would sell various claims held by the...