Michael Condyles News Today

Ireland-based Nordic Aviation Capital is at least the ninth big corporation to bring its bankruptcy case to Richmond’s federal court since the start of the pandemic.

Radio giant Alpha Media ducks for cover with Richmond bankruptcy filing BizSense file) Another big corporation has tumbled into Richmond to file bankruptcy, this time from the radio industry. Alpha Media, which owns more than 200 radio stations nationwide, arrived in Richmond Sunday with a prepackaged Chapter 11 bankruptcy restructuring, aimed at reducing its more than $200 million in debt and allowing it to stay in business uninterrupted while it weathers a financial storm it says is caused by...