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  • NEW YORK— Aeropostale, once the vibrant epicenter of the U.S. mall scene, is seeking Chapter 11 bankruptcy protection and closing 20 percent of its stores in North America. Aeropostale expects to emerge from bankruptcy protection within six months as a smaller company after renegotiating contracts and resolving an ongoing dispute with the investment firm...

  • SAO PAULO, May 4- Businesses' requests for bankruptcy protection in Brazil doubled in the first four months of 2016 as the harshest recession in decades and borrowing costs at nine-year highs crimped the ability of factories and retailers to stay afloat, the local unit of credit research company Experian Plc said on Wednesday. Companies filed an all-time high...

  • Aeropostale said it plans to finance its operations during its bankruptcy through a $160 million loan from Crystal Financial LLC combined with operating cash flow, according to a court filing.. The company said it expects to emerge out of bankruptcy within six months with a resolution of its disputes with former shareholder Sycamore Partners, which had...

  • The mall-based retailer listed assets in the range of $100 million to $500 million, and liabilities of between $100 million and $500 million, according to a court filing. The New York Stock Exchange suspended trading and delisted Aeropostale shares on April 21. The case is in U.S. Bankruptcy Court, District of New York, Case No: 16-11275..

  • Trouble in 'teen retail'

    Liz Dunn, Talmage Advisors Founder & CEO, discusses the teen retail sector as Aeropostale reportedly joining the ranks of teenage apparel brands filing for bankruptcy.

  • An Aeropostale store

    Retailer Aeropostale is reportedly preparing to file for bankruptcy protection within the next few days.

  • *Latest miner to be hit by coal price slump. PRAGUE, May 3- The main business of Czech miner New World Resources filed for insolvency on Tuesday, but still hopes to agree a reorganisation plan and continue operations. "Although this was a very tough decision to make, this voluntary step is the right choice for the future of OKD, and mainly its employees and the region,"...

  • Fairway files for bankruptcy protection

    The grocery chain operator has lost money in every quarter since it went public in 2013.

  • Grocery chain operator Fairway filed for Chapter 11 bankruptcy protection on Monday in a New York court.

  • Fairway listed assets in the range of $100 million to $500 million, and liabilities of $100 million to $500 million, according to a court filing. The company said it has hired Dennis Stogsdill of turnaround management firm Alvarez& Marsal Inc as chief restructuring officer. The case is in U.S. Bankruptcy Court, Southern District of New York, Case No: 16-11241..

  • May 2- Grocery chain operator Fairway Group Holdings Corp, which has lost money in every quarter since it went public in 2013, filed for Chapter 11 bankruptcy on Monday. Fairway listed assets in the range of $100 million to $500 million, and liabilities of $100 million to $500 million, according to a court filing. Fairway had said in February a failure to raise...

  • 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...