Latest News for: Bankruptcy management

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Court Appoints New Management for Bankrupt Tug and Barge Operator

The Maritime Executive 03 Mar 2021
Bouchard, III, the head of family-run Bouchard Transportation since 1992, has been removed from his post as CEO by a Texas bankruptcy court ... The parties to the bankruptcy suit nominated Matthew Ray of Portage Point Partners to take over Bouchard Transportation's management as chief restructuring officer (CRO).
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Alamo Drafthouse Cinemas files for bankruptcy, seeks buyer

The Oklahoman 03 Mar 2021
The company plans to find a buyer during its Chapter 11 bankruptcy, which allows it to continue operating while its managers and advisers work on repaying creditors ... In its bankruptcy petition, Alamo Drafthouse listed assets and liabilities of as much as $500 million each ... Managed 24/7 by these editors.
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Hertz stock investors will not be paid back under a reorganization plan as a chapter ...

Business Insider 03 Mar 2021
The restructuring proposal comes nine months after the car-rental company entered chapter 11 proceedings in the US Bankruptcy Court in Wilmington, Delaware ... The proposal would require the approval of the Bankruptcy Court and could be contested by other investors or creditors.
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Hertz proposes sale to investors to exit bankruptcy

Manila Standard Today 03 Mar 2021
Under the plan filed in US bankruptcy court, Knighthead Capital Management and Certares Opportunities would buy at least 50 percent of the company's shares, and could buy up to 100 percent depending on the participation of current creditors ... The bankruptcy court must ...
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Texas’ biggest electricity co-op Brazos files for bankruptcy after $2.1BILLION power bill as fallout from ...

The Daily Mail 03 Mar 2021
'As the month of February 2021 began, the notion that a financially stable cooperative such as Brazos Electric would end the month preparing for bankruptcy was unfathomable,' executive vice president and general manager Clifton Karnei said in a court filing ... to declare bankruptcy.
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Alamo Drafthouse Movie Chain Files For Chapter 11

Vibe Magazine 03 Mar 2021
By Jill Goldsmith Jill Goldsmith ... In May, the Phoenix-based franchises of Alamo Drafthouse in Tempe, Gilbert and Chandler filed for bankruptcy ... The nation’s largest chain, AMC Entertainment, skirted close to bankruptcy several times but has managed to raise enough cash to see it through this year and a more robust return to moviegoing ... MORE ... .
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Jet owner must apply for fresh airport slots, say authorities

Hindustan Times 03 Mar 2021
... was grounded in April 2019, aviation authorities told a bankruptcy court on Wednesday ... The winning bid for Jet Airways submitted by a consortium of London-based asset management firm Kalrock Capital and entrepreneur Murari Lal Jalan is currently before the bankruptcy court.
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A High-Yield Muni Fund Finds Bond Bets for the Long Haul

Barrons 03 Mar 2021
David Hammer manages the $3.2 billion Pimco High Yield Municipal Bond fund ... investors did better after tax in high-yield corporates than in high-yield munis,” recalls David Hammer, an executive vice president at asset manager Pimco who oversees the firm’s stable of muni-bond funds ... Rachel Betton joined the fund’s management team in early 2020.
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China’s 1st personal bankruptcy administration inaugurated

Shenzhen Daily 02 Mar 2021
The agency is tasked with managing debtors that apply for personal bankruptcy, registration and disclosure of bankruptcy information, providing legal aid and consultation over bankruptcy affairs, and establishing an inter-department coordination mechanism in handling bankruptcy cases.
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3 debt strategies for an unequal recovery

The Concord Township News-Herald 02 Mar 2021
MANAGING DEBT IN THE BOTTOM HALF ... MANAGING DEBT IN THE TOP HALF ... If all your monthly debt payments, including housing, total more than 50% of your monthly gross income, you may need to look into debt relief, like a debt management plan at a nonprofit credit counseling agency or bankruptcy.
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Millennial Money: 3 debt strategies for an unequal recovery

The Oklahoman 02 Mar 2021
MANAGING DEBT IN THE BOTTOM HALF ... MANAGING DEBT IN THE TOP HALF ... If all your monthly debt payments, including housing, total more than 50% of your monthly gross income, you may need to look into debt relief, like a debt management plan at a nonprofit credit counseling agency or bankruptcy ... Managed 24/7 by these editors.
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Hertz eyes bankruptcy exit through $4.2 billion stake sale

Rapid City Journal 02 Mar 2021
Hertz filed for bankruptcy protection in May 2020 ... Dcc Wire Business General News Covid-19 Pandemic Coronavirus Infectious Diseases Diseases And Conditions Health Lung Disease Investment Management Financial Services Corporate Bankruptcy Financial Performance Corporate News Mergers And Acquisitions Ownership Changes.
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Hertz proposes sale to investors to exit bankruptcyUnder the plan filed in US bankruptcy court, ...

Deccan Herald 02 Mar 2021
Under the plan filed in US bankruptcy court, Knighthead Capital Management and Certares Opportunities would buy at least 50 percent of the company's shares, and could buy up to 100 percent depending on the participation of current creditors ... The bankruptcy court must ... bankruptcy.
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