New Jersey's "posture toward Atlantic City reduces the likelihood that it would rescue other financially distressed cities," the rating agency warns.
A company in Chapter 11 must show it can pay "administrative claims" by creditors in order to qualify for DIP financing.
Distributions from Lehman Brothers' bankruptcy estate have benefited third-party creditors such as hedge funds that bought its debt at a steep…
The court ruled that allowing them to claw back funds from shareholders would set a damaging precedent for the securities markets.
The maker of alternative fuel-storage tanks for the trucking industry is seeking a buyer through the bankruptcy process.
Facebook co-founder Eduardo Saverin has offered $22.7 million to buy the company, which has been struggling to raise funding.
The end-of-life care provider has until April 30 to complete the sale of its money-losing operations in seven states.
The Denver company says the declining price of oil and the closure of a key pipeline "continue to be serious problems."
The suits seek to resolve a dispute between the insolvent retailer and its consignment vendors over $85 million worth of goods on its shelves.
The call-center software company plans to execute a restructuring that would eliminate $320 million in debt and equitize another $60 million.