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The Biden administration and Capitol Hill leaders are scrambling to avoid a first-ever government default that could arrive as soon as June 1, taking potential alternative strategies more seriously
Small business filings, captured as subchapter V elections within chapter 11, increased 81 percent to 157 in April 2023 from 87 in April 2022, according to data provided by Epiq Bankruptcy, the
Johnson & Johnson should not be allowed to use a small unit’s bankruptcy case to end tens of thousands of cancer lawsuits because the strategy is rooted in bad faith, the U.S. Trustee said in a court
Revlon Inc. said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in debt and handing control of the beauty products company to its lenders, Reuters reported. CEO
Silicon Valley Bank’s roughly $7 billion municipal bond portfolio could pose a challenge for BlackRock Inc. as it starts liquidating the failed bank’s securities, investors say, Bloomberg News
Avaya Technologies has completed its restructuring, emerging from chapter 11 bankruptcy with $650 million in liquidity, the Triangle Business Journal reported. The company, once headquartered in
U.S. asset manager Apollo Global Management Inc. plans to apply for approval from Swedish and Danish regulators to take a majority stake in SAS AB as part of the Scandinavian airline's rescue plan
The U.S. Securities and Exchange Commission will decide on Wednesday whether to adopt new rules for advisors to hedge funds and private-equity funds aimed at increasing transparency, competition and
The chief executive of AMC Entertainment slammed Robinhood Markets after the online brokerage posted a message in error on Monday saying that the movie-theater chain had filed for bankruptcy, the Wall
U.S. companies are turning to derivatives to lock in future borrowing costs, as corporate finance chiefs worry that financing will grow more expensive amid stubborn inflation, even if markets are