Bankruptcy

Bankruptcy Law360 provides breaking news and analysis on bankruptcy law. Coverage includes corporate bankruptcies and out-of-court restructurings, as well as corporate distress and imminent bankruptcy and policy developments that affect bankruptcy law.



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Latest News in Bankruptcy

  • May 18, 2018

    Rex Energy Files For Ch. 11 With RSA In Hand

    Pennsylvania oil and gas concern Rex Energy filed for Chapter 11 protection on Friday with $884 million in outstanding funded debt and an overwhelmingly favored restructuring support agreement in hand as well as a plan to sell all assets, it said, asking for approval of $411 million in DIP financing, including $100 million in new money.

  • May 18, 2018

    IHeartMedia Seeks OK To Access $450M Ch. 11 Credit Facility

    Bankrupt radio giant iHeartMedia Inc. sought permission Thursday to access a $450 million debtor-in-possession credit facility, with an option to increase the amount by $100 million, to pay back its prebankruptcy asset-based lenders and fund its Chapter 11 case.

  • May 18, 2018

    Feds Double Down On Union Boss' Graft Retrial

    Manhattan federal prosecutors on Thursday beefed up their case against New York City labor boss Norman Seabrook with a new fraud charge, ahead of a coming retrial over accusations that he took bribes from Platinum Partners in exchange for his union’s investment in the hedge fund.

  • May 18, 2018

    Cambridge Analytica Files Bankruptcy Liquidation Case In NY

    Cambridge Analytica LLC, the scandalized political consulting firm that worked for President Donald Trump's 2016 presidential campaign, filed for Chapter 7 bankruptcy on Thursday in New York as part of its liquidation announced earlier this month when the company entered similar proceedings in the U.K.

  • May 18, 2018

    Lennar Wants $970M CalPERS Fraud Suit In Bankruptcy Court

    A suit alleging that Miami-based home builder Lennar created and bankrupted a development company in order to swindle $970 million from the California Public Employees' Retirement System belongs in a Delaware bankruptcy court, the builder said Thursday.  

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Bankruptcy

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