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Pacific Sunwear files for bankruptcy protection

2016-04-07 17:04:00| Daily apparel & textile news and comment - from just-style.com

Struggling teen action sports and lifestyle retailer Pacific Sunwear of California has filed for Chapter 11 bankruptcy protection in a bid to lower its long-term debt and reduce costs. 

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UPDATE 1-Pacific Sunwear files for Chapter 11 bankruptcy protection

2016-04-07 15:17:18| Apparel - Topix.net

April 7 Struggling teen apparel retailer Pacific Sunwear of California Inc filed for Chapter 11 bankruptcy protection on Thursday, succumbing to mounting losses and intense competition in the industry. The Anaheim-based retailer listed assets in the range of $50 million to $100 million, and liabilities of between $100 million and $500 million, according to a court filing.

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RCS Capital Filed Prepackaged Bankruptcy for B/D Holding Companies

2016-03-28 19:17:00| National Real Estate Investor

Once the firm emerges from the restructuring, the broker/dealer network will have no relationship to Nicholas Schorsch, who founded RCAP, and the former chairman will have no equity stake in the new company. read more

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Peabody Energy warns it may file for bankruptcy protection

2016-03-16 19:36:18| Energy - Topix.net

This Oct. 19, 2009, file photo shows Peabody Energy headquarters in St. Louis. Peabody Energy, hurt by weak demand for coal, says it didn't have the cash to pay a debt payment due Tuesday, March 15, 2016, and warned that it may have to file for Chapter 11 bankruptcy protection.

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Midstream energy industry braces for key bankruptcy court ruling

2016-03-08 17:11:59| Energy - Topix.net

The $500 billion midstream sector is bracing on Tuesday for a ruling from a U.S. bankruptcy judge that could determine if energy producers can use Chapter 11 to shed contracts with pipeline operators for transporting oil and natural gas. U.S. Bankruptcy Judge Shelley Chapman in Manhattan will read her ruling at 2:30 pm ET on a request by Houston-based Sabine Oil & Gas Corp to reject a contract with an affiliate of Cheniere Energy Inc to gather and process natural gas in Texas.

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