September 17, 2025
A Texas bankruptcy judge on Wednesday approved the Chapter 11 liquidation plan of fracking and oil drilling services group Nitro Fluids LLC after lackluster asset marketing results forced a pivot in its bankruptcy strategy.
April 17, 2025
A Texas bankruptcy court on Thursday granted fracking services provider Nitro Fluids' motion to sell some of its assets to a stalking horse bidder for almost $10 million.
November 04, 2024
Facing a litigation stay deadline after the U.S. Supreme Court overturned its Chapter 11 plan, OxyContin maker Purdue Pharma was given a new one-month extension of the stay so that its creditors and the Sacklers can continue mediating to settle claims.
November 01, 2024
Oil and gas fracking services provider Nitro Fluids LLC received approval Friday for a $3.25 million sale of some of its assets to stalking-horse bidder KLX Energy Services LLC.
May 20, 2024
Seafood restaurant chain Red Lobster filed for bankruptcy in Florida with $294 million in funded debt after a failed "endless shrimp" promotion, Rudy Giuliani and two election workers who sued him for defamation said they were close to a deal to resolve a lawsuit filed in his bankruptcy case, and a top New Jersey judge disclosed the Garden State was the second-busiest bankruptcy venue over the past year.
May 17, 2024
Bankruptcy courts saw a flurry of filings this week from mid-cap companies, encompassing everything from old-school grocers to the vanguard of the AI industry.
May 16, 2024
Oil and gas fracking services provider Nitro Fluids LLC filed for Chapter 11 protection in a Texas bankruptcy court with more than $50 million in debt, months after a jury found it had infringed another company's patents.