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Green Field Energy Services Inc., an oil field service provider that defaulted on a loan last month, filed for bankruptcy, Bloomberg News reported yesterday. Green Field Energy, based in Lafayette, La., listed assets of as much as $500 million and the same amount in liabilities in its chapter 11. Green Field Energy defaulted on principal payment on a credit facility with an affiliate of Royal Dutch Shell Plc, triggering a cross default on $250 million of senior secured notes, Moody’s Investors Services said in a Sept. 9 report. Moody’s cut its rating on about $200 million of Green Field Energy’s secured debt to Ca from Caa2, according to the report, and said that the company didn’t have enough cash or cash flow to pay its obligations relating to interest expenses, mandatory debt amortization and capital spending.

Brooklyn, New York’s Cammareri Bros. Bakery — the 92-year-old eatery made famous by the 1987 Cher film “Moonstruck” — filed for chapter 11 bankruptcy this week, FoxNews.com reported yesterday. While Cammareri’s website lists more than 25 wholesale clients who stock the bakery’s breads, a number of those listed as customers, such as Brooklyn’s Ferdinando’s Focacceria and Monteleone Bakery, told FOXBusiness.com that they haven’t sold Cammareri’s goods in a long time.

U.S. biotech firm Savient Pharmaceuticals Inc. filed for chapter 11 protection yesterday and said that it has agreed to sell most of its assets to Sloan Holdings CV for about $55 million. The agreement with Sloan, a unit of US WorldMeds LLC, would serve as a stalking-horse bid in a court-supervised auction of Savient's assets. The drugmaker, which has been under pressure from its largest creditor to liquidate, said it would keep its gout drug Krystexxa commercially available in the U.S. Savient listed total assets of about $74 million and liabilities of $260 million as of June 30, court documents filed on Monday showed.

New York City Opera, created 70 years ago as the “people’s opera” because of its affordable tickets, filed for bankruptcy after years of declining income and a failed fundraising effort, Bloomberg News reported yesterday. The nonprofit organization, which this year produced “Anna Nicole,” about the late tabloid celebrity, listed as much as $10 million in assets and debt in a chapter 11 petition filed in bankruptcy court yesterday. The filing became necessary after the opera company fell short of an emergency fundraising goal of $7 million. The opera listed New York City Ballet as one of its biggest unsecured creditors, with a claim of $1.6 million, according to the petition.

Cloud storage company Nirvanix Inc. on Tuesday filed for chapter 11 protection, the culmination of a startling flop for what was once seen as a high-flier among cloud startups, the Wall Street Journal reported yesterday. The filing comes on the heels of a notice the company posted on its website last week saying that it was working with International Business Machines Corp. to either return customers’ data or help them move it to another cloud storage provider and would try to be available through October 15. Nirvanix had raised more than $70 million in venture capital since its founding in 2007, according to VentureWire records. In May 2012 after the last funding round, which was $25 million, former Chief Executive Scott Genereux told VentureWire that Nirvanix was growing and headed toward profitability and a possible IPO. Its largest equity holders are Khosla Ventures and TriplePoint Capital, which may provide debtor-in-possession financing to keep the company running, according to the bankruptcy filing. The company reported assets of between $10 million and $50 million and liabilities in that same range, according to the filing.

Major U.S. honey supplier Groeb Farms Inc. filed for chapter 11 protection on Tuesday after it was caught illegally buying Chinese honey through other countries to avoid antidumping tariffs imposed by U.S. trade regulators in 2001, the Wall Street Journal reported today. Executives placed the 76-worker company under chapter 11 protection saying that its $2 million settlement with regulators required it "to dispose of any and all Chinese-origin honey in its possession." Company lawyers have filed a reorganization plan that details how the company would hand over ownership to a Texas private equity firm that, in exchange, would forgive at least $27 million worth of debt.

GateHouse Media Inc., the community newspaper publisher overseen by the co-chairman of Fortress Investment Group LLC, filed for bankruptcy after creditors approved a plan to combine its assets with those recently purchased by Newcastle Investment Corp., Bloomberg News reported on Friday. GateHouse, based in Fairport, N.Y., listed assets of $433.7 million and debt of $1.3 billion in a chapter 11 petition filed on Friday. The prepackaged restructuring plan hinges on the combination of GateHouse with assets of Dow Jones Local Media Group, which Newcastle bought from News Corp. this month for $87 million.

Recycler Keywell LLC has filed for bankruptcy protection, blaming weak demand from manufacturers for the steel, nickel and other metals that the company collects from a network of more than 1,000 scrapyards, industrial plants and government agencies across the country, the Wall Street Journal reported today. Executives put Chicago-based Keywell under chapter 11 protection on Tuesday with a plan to sell the company, which supplies recycled titanium, stainless steel and other metals to buyers like steel mills and aerospace manufacturers. In court papers, the company said that it has a purchase offer from fellow scrap-metal recycler Cronimet Holdings Inc., but it will continue to look for higher bids. Keywell officials didn't disclose the value of Cronimet's initial offer, but it is expected to be revealed in future bankruptcy court filings.

GateHouse Media Inc., the community newspaper publisher overseen by the co-chairman of Fortress Investment Group LLC, said that it will seek votes today on a plan to reorganize in bankruptcy, Bloomberg News reported yesterday. Fairport, N.Y.-based GateHouse has proposed a pre-packaged plan that will allow it to enter chapter 11 bankruptcy with creditor support if more than 67 percent of debt holders accept, the company said in a regulatory filing on Friday. The publisher has said that it plans to file for bankruptcy as part of a move to merge its media assets with those recently bought by Newcastle Investment Corp. The reorganization, which has support from most creditors, hinges on the combination of GateHouse with assets of Dow Jones Local Media Group, which Newcastle bought from News Corp. in this month for $87 million.

Devonshire PGA Holdings LLC, the owner of a Florida assisted-living facility, sought bankruptcy protection with a restructuring plan that gives lenders ownership in exchange for debt, Bloomberg News reported yesterday. The company, based in Palm Beach Gardens, Fla., listed debt of as much as $50 million and assets of less than $50,000 in its chapter 11 filing yesterday. Three affiliates also entered court protection, including Devonshire at PGA National LLC, which listed more than $100 million in both assets and debt. Devonshire intends to implement a consensual restructuring and will seek an “expeditious exit from chapter 11 protection,” according to court documents. Residents and unsecured creditors won’t be affected.