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Hertz: Car rental firm files for US bankruptcy protection

2020-05-23 07:03:32| BBC News | Business | UK Edition

The company said the coronavirus pandemic had led to an "abrupt" decline in bookings.

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Digicel files for bankruptcy under debt restructuring plan

2020-05-20 09:13:00| Telecompaper Headlines

(Telecompaper) Caribbean-focused operator Digicel has filed for bankruptcy court reorganisation as part of its plan to reduce debt, cut financing costs and extend debt maturities, reports ABC News, citing company spokesman Pat Walsh. "It is business as usual," said Walsh, adding that the Chapter 15 filing in New York would not affect operations in the 32 markets that the company serves from its headquarters in Jamaica. A hearing in the Chapter 15 bankruptcy case is scheduled for June, added the report.

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JCPenney files for bankruptcy protection

2020-05-18 15:55:00| Daily apparel & textile news and comment - from just-style.com

US retail giant JCPenney has filed for Chapter 11 Bankruptcy protection, a move that will see some of its near-850 stores close.

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Blackstone Groups Eagle Ford Shale Venture Files for Bankruptcy

2020-05-18 11:20:00| OGI

The bankruptcy filing by Blackstone Group's Gavilan Resources comes amid an "increasingly unworkable relationship" with Sanchez Energy, its partner in the Eagle Ford Shale.

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Intelsat files for Chapter 11 protection to restructure debt

2020-05-14 09:14:00| Telecompaper Headlines

(Telecompaper) Intelsat has filed for Chapter 11 bankruptcy protection in the US in order to restructure its debt. The company said it needs to free up cash in order to start on clearing its C band spectrum in the US for 5G and qualify for the associated transition payments. 

Tags: files protection chapter debt

 

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