by CHLOE. Commences Voluntary Financial Restructuring
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Plant-based, fast casual restaurant has filed for a voluntary financial restructuring designed to position the Company for future growth and long-term success NEW YORK (PRWEB) December 14, 2020 Plant-based, fast casual restaurant by CHLOE., with fourteen locations in the U.S., has filed for a voluntary financial restructuring designed to position the Company for future growth and long-term success. The restaurant group has obtained new working capital financing from a consortium of its existing investors that will provide ample liquidity for by CHLOE. to continue operating and supporting its employees during the process.
Concurrent with the filing of voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in Delaware, Jimmy Haber has stepped down as CEO. by CHLOE.’s Board of Directors has commenced a search for a new CEO to lead the
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Murray Metallurgical Coal Holdings, LLC Successfully Consummates Going-Concern Sale Transaction
December 12, 2020 GMT
ST. CLAIRSVILLE, Ohio, Dec. 12, 2020 /PRNewswire/ Murray Metallurgical Coal Holdings, LLC and its subsidiaries (collectively, “Murray Met”) announced today that its chapter 11 plan (the “Plan”) became effective as of December 11, 2020, and that it has successfully completed a sale of the Oak Grove Mine to a privately held company jointly owned by a group of its former creditors and American Consolidated Natural Resources, Inc. (“ACNR”). The United States Bankruptcy Court for the Southern District of Ohio (Western Division) (the “Court”) approved the Plan on November 25, 2020.
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VIVUS Receives Court Approval of Joint Chapter 11 Plan of Reorganization
VIVUS, Inc.December 11, 2020 GMT
CAMPBELL, Calif., Dec. 11, 2020 (GLOBE NEWSWIRE) VIVUS, Inc. (the “Company”), a biopharmaceutical company, today announced that it has received approval from the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) on its
Second Amended
Joint Prepackaged Chapter 11 Plan of Reorganization of VIVUS, Inc. and Its Affiliated Debtors [Docket No. 339] (the “Plan”).
The Bankruptcy Court approved the disclosure statement and solicitation procedures and confirmed the second amended chapter 11 plan of reorganization, which implements the mediated settlement among the Company, Icahn Enterprises Holdings L.P. (dba IEH Biopharma LLC), and the Equity Committee. VIVUS will emerge from chapter 11 as a wholly-owned subsidiary of Icahn Enterprises L
Item 2.02 Results of Operations and Financial Condition.
Ascena Retail Group, Inc. currently estimates that revenue for
its 2021 fiscal first quarter ended October 31, 2020 will be in the range.
Courts could be overwhelmed by a tsunami of bankruptcy filings in the next few months
Experts say many small businesses may file for bankruptcy without more help.
and last updated 2020-12-09 21:47:41-05
PHOENIX â It s been a tough year for many small businesses. Some are hanging on by a thread with business severely impacted due to COVID-19.
Surprisingly, the number of bankruptcy filings has remained steady and even seen a small decline this year, but financial experts advise, this could just be the calm before the storm. Maybe the best way to say it is there is a tidal wave coming. The question is, are you going to be in front of that tidal wave or crushed by the tidal wave, because it is coming, said Lamar Hawkins from Guidant Law Firm.