The firms now have until Oct. 1 to show they can survive a financial collapse without a taxpayer bailout.
The world’s largest private-sector coal company is seeking to recover from a "substantial debt burden amid a historically challenged industry."
Strategic missteps, including creating too large a store footprint and having no cohesive e-commerce strategy, contributed to PacSun's financial woes.
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.