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Latest Insolvency Stories

2014-10-22 16:23:39

GEORGE TOWN, Cayman Islands, and SUNNYVALE, Calif., Oct. 22, 2014 /PRNewswire/ -- LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar") and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that on October 21, 2014 three U.S. subsidiaries of LDK Solar, LDK Solar Systems, Inc., LDK Solar USA, Inc. and LDK Solar Tech USA, Inc. (collectively, the "U.S. Debtors") filed voluntary petitions to reorganize under...

2014-10-17 20:20:59

HOUSTON, Oct. 17, 2014 /PRNewswire/ -- Endeavour International Corporation (OTC: ENDRQ) (LSE: ENDV) announced today that on October 10, 2014, it and certain of its subsidiaries, including Endeavour Operating Corporation (collectively, the "Debtors"), filed a motion (the "Motion") with the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") seeking an order (i) restricting certain transfers of interest in Endeavour common stock and preferred stock and,...

2014-10-08 12:21:32

PharmAthene Selected to Serve on Creditors' Committee ANNAPOLIS, Md., Oct. 8, 2014 /PRNewswire/ -- PharmAthene, Inc. (NYSE MKT: PIP) today announced that the United States Bankruptcy Court for the Southern District of New York has partially lifted the stay of PharmAthene's litigation against SIGA Technologies, Inc., in the Delaware Court of Chancery. The order allows the Chancery Court to issue a final judgment and the parties to pursue appeals thereof. Enforcement of any judgment, once...

2014-10-08 08:27:48

NEWARK, N.J., Oct. 8, 2014 /PRNewswire/ -- The following statement is being issued by Gibbons P.C. regarding the In re: United Gilsonite Laboratories case. NOTE: Please consult United Gilsonite Laboratories' Chapter 11 website at www.gcginc.com/cases/ugl, the Helpline at (888) 425-7006 or the Claims and Balloting Agent referenced below to obtain additional information about the matters covered by this Notice. On March 23, 2011, United Gilsonite Laboratories (the "Debtor") filed...

2014-10-03 16:21:52

TAMPA, Fla., Oct. 3, 2014 /PRNewswire/ -- Entegra TC LLC, along with certain of its direct and indirect subsidiaries (the "Company") announced today that the Debtors' Joint Modified Prepackaged Plan of Reorganization Under Chapter 11 of the Bankruptcy Code (the "Plan") has become effective and the Company has successfully emerged from chapter 11 less than two months after filing voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy...

2014-10-02 16:27:30

PHILADELPHIA, Oct. 2, 2014 /PRNewswire/ -- Echo Therapeutics, Inc. (NASDAQ: ECTE), a medical device company, today announced that the Company has retained PricewaterhouseCoopers LLP's Restructuring and Recovery Services Practice (PwC) as a financial and restructuring consultant to assist the Company in exploring financial and strategic alternatives that could sufficiently address its liquidity needs and allow it to resume operations. Such financial and strategic alternatives could...

2014-10-01 04:20:35

HOUSTON, Oct. 1, 2014 /PRNewswire/ -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced the closing of a $440 million senior secured term loan (the "Credit Agreement") with an annual interest rate of LIBOR plus 10% (with a LIBOR floor of 1%), that matures on January 2, 2017. The proceeds of the financing were used to repay the balance outstanding under the Company's existing credit agreement, dated as of January 24, 2014, to repay in full certain monetary...

2014-09-17 08:31:08

Acquisition of Periodyne Part of Plan of Reorganization SAN DIEGO, Sept. 17, 2014 /PRNewswire/ -- Imagenetix, Inc. (OTC Bulletin Board: IAGX), announced today that its Plan of Reorganization was confirmed and all provisions of the plan were approved by Judge Margaret Mann of the United States Bankruptcy Court for the Southern District of California on September 10, 2014, with an effective date of September 16, 2014, enabling the Company to emerge from bankruptcy as of the effective...

2014-09-04 23:10:06

Boss Law Announces New Complimentary Consultation Towards Chapter 7 Bankruptcy in Tampa (PRWEB) September 04, 2014 Boss Law, the premier bankruptcy law firm, is pleased to announce its new complimentary consultation for those considering bankruptcy in Tampa. Bankruptcy can be helpful, and in some cases, necessary, depending on a client's financial situation. Boss Law is pleased to offer this new complimentary consultation towards Chapter 7 bankruptcy cases. This consultation can be...

2014-08-26 08:20:36

MONTRÉAL, Aug. 26, 2014 /CNW Telbec/ - ACE Aviation Holdings Inc. (ACE) announced today its results for the second quarter of 2014, and provided an update with respect to its liquidation process. 2014 Second Quarter Results In the second quarter of 2014, ACE recorded an increase in net assets in liquidation of $0.2 million due to interest income earned during the quarter offset by administrative and other expenses. As at August 25, 2014, ACE's only remaining assets consist of cash...


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ramage
  • Boughs or branches.
  • Warbling of birds in trees.
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