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Balcon Salon Ch. 11 Tied To Construction Woes, Slow Sales
Just two years after opening in Manhattan's Hell's Kitchen neighborhood, Balcon Salon is facing a Chapter 11 restructuring after unexpected construction delays and softer sales it attributed to a downturn in alcohol consumption.
Meet The Attys In Office Properties Income Trust's Ch. 11
Office Properties Income Trust, a Massachusetts-based real estate investment trust, has tapped lawyers from Hunton Andrews Kurth LLP and Latham & Watkins LLP to guide a bankruptcy it began to address over $1 billion in debt.
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Catching Up With New Bankruptcy Case Action
An RV fridge supplier entered bankruptcy with over $300 million in debt, a New York City gay bar was pushed into Chapter 11 by a foreclosure case, and a real estate investment trust began insolvency proceedings with more than $1 billion in debt and an equity swap agreement.
Balcon Salon Ch. 11 Tied To Construction Woes, Slow Sales
Just two years after opening in Manhattan's Hell's Kitchen neighborhood, Balcon Salon is facing a Chapter 11 restructuring after unexpected construction delays and softer sales it attributed to a downturn in alcohol consumption.
Meet The Attys In Office Properties Income Trust's Ch. 11
Office Properties Income Trust, a Massachusetts-based real estate investment trust, has tapped lawyers from Hunton Andrews Kurth LLP and Latham & Watkins LLP to guide a bankruptcy it began to address over $1 billion in debt.
Catching Up With New Bankruptcy Case Action
An RV fridge supplier entered bankruptcy with over $300 million in debt, a New York City gay bar was pushed into Chapter 11 by a foreclosure case, and a real estate investment trust began insolvency proceedings with more than $1 billion in debt and an equity swap agreement.
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Large Cap More
The Teamsters once again must face Yellow Corp.'s allegations that the union drove the trucking company into bankruptcy by holding up a corporate restructuring, with a Tenth Circuit panel reviving Yellow's $13... (more story)
The unsecured creditors committee for bankrupt auto parts company First Brands objected to the debtor's bid for final postpetition financing approval, saying the proposed arrangement almost solely benefits the... (more story)
Steward Health Care's Chapter 11 plan administrators have urged a Texas federal court to throw out an appeal of a settlement in its bankruptcy case brought by Massachusetts, saying the state's challenge to the deal is moot.
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Covington & Burling LLP and Reed Smith LLP have brought an adversary lawsuit against onetime ventilator maker Vyaire Medical and its Chapter 11 plan administrator in Delaware bankruptcy court, alleging the com... (more story)
A New York bankruptcy judge on Tuesday approved a settlement with unsecured creditors of Azul SA and said he would send the Brazilian airline's $2.5 billion Chapter 11 equity swap plan out for a creditor vote.
Mid Cap More
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Five Star Development LLC, a company building a Ritz-Carlton property in Arizona, has filed for Chapter 11 relief in Texas bankruptcy court to gain protection from lender collection actions.
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A Delaware bankruptcy judge Tuesday gave interim approval to recreational vehicle fridge seller Norcold's $13 million debtor-in-possession loan, freeing up $6.5 million in funds as it works to sell its assets in Chapter 11.