Interpace Diagnostics Acquires Select Assets of Rosetta Genomics Out of Bankruptcy

Several Former Rosetta Employees and Select Customers Also Join Interpace Parsippany, NJ, Aug. 15, 2018 (GLOBE NEWSWIRE) — Interpace Diagnostics Group, Inc. (NASDAQ: IDXG) (“Interpace” or “the Company”), a fully integrated bioinformatics and commercial company that provides clinically useful molecular diagnostic tests, related first line assessments and pathology services for improved patient diagnosis and management, … Continue reading “Interpace Diagnostics Acquires Select Assets of Rosetta Genomics Out of Bankruptcy”

Kelley Kronenberg Taps Veteran Litigator to Lead Firm’s Commercial Creditors Rights Bankruptcy Group

James Silver is Another Key Acquisition for the Firm’s Bankruptcy and Complex Commercial Litigation Practice FORT LAUDERDALE, FL / ACCESSWIRE / August 10, 2018 / Kelley Kronenberg, a diverse business law firm, announced that James D. Silver has joined the firm’s Fort Lauderdale office as a Partner. He brings more than three decades of experience … Continue reading “Kelley Kronenberg Taps Veteran Litigator to Lead Firm’s Commercial Creditors Rights Bankruptcy Group”

Gump’s Files for Bankruptcy Protection Under Chapter 11

SAN FRANCISCO–(BUSINESS WIRE)–Gump’s Holdings, LLC and its affiliates Gump’s Corp. and Gump’s By Mail, Inc. (collectively, “Gump’s”) announced that they filed voluntary petitions on August 3rd for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada (the “Chapter 11 Cases”). Gump’s Corp. owns … Continue reading “Gump’s Files for Bankruptcy Protection Under Chapter 11”

Bankruptcy Filings Surge Among Older Americans

The rate at which Americans age 65 and older are filing for bankruptcy has more than tripled since 1991 amid reductions in the social safety net and a shift away from pensions, according to a new study. “Older Americans are more likely than ever to find themselves in bankruptcy court, seeking protection from creditors,” said … Continue reading “Bankruptcy Filings Surge Among Older Americans”

Mattress Firm reportedly weights bankruptcy, store closures

Mattress Firm Inc. is considering filing for bankruptcy and may close some of its money-losing stores in an effort to improve profitability, Reuters reported Monday. Mattress Firm is the largest mattress retailer in the U.S., with about 3,000 locations. Reuters said Mattress Firm’s parent company, South Africa-based Steinhoff International Holdings NV … Continue reading “Mattress Firm reportedly weights bankruptcy, store closures”

Brookstone Files for Bankruptcy as Web Shoppers Leave It Behind

By Lillian Rizzo and Patrick Thomas Updated Aug. 2, 2018 12:38 p.m. ET Brookstone Inc., the specialty retailer known for selling massage chairs, travel gadgets and other novelties at malls and airports, filed for bankruptcy protection Thursday and said it would close its 102 mall-based stores. The shops were popular places to hang out when … Continue reading “Brookstone Files for Bankruptcy as Web Shoppers Leave It Behind”

Brookstone Files for Bankruptcy, Left Behind by Web Shoppers

Brookstone Inc., the specialty retailer known for selling massage chairs, travel gadgets and other novelties at malls and airports, filed for bankruptcy protection Thursday and said it would close its 102 mall-based stores. The shops were popular places to hang out when Americans spent more of their idle hours at malls, relaxing in Brookstone’s massage … Continue reading “Brookstone Files for Bankruptcy, Left Behind by Web Shoppers”

Catalog and mall retailer Brookstone files for bankruptcy

Brookstone Co. Inc. said Thursday it has filed for bankruptcy, to facilitate the sale of the specialty travel and entertainment products retailer. The company said it has begun a process to close its remaining 101 mall stores, citing continued deterioration of retail mall traffic, while it will continue to operate its airport, e-commerce and wholesale … Continue reading “Catalog and mall retailer Brookstone files for bankruptcy”

Justice Official Asks to Reopen Bankruptcy Case Advised by McKinsey & Co.

The Justice Department unit that oversees the nation’s bankruptcy system wants to reopen a 2015 case so it can investigate whether conflicts of interest at McKinsey & Co. tainted its work as an adviser to Alpha Natural Resources, a coal mining giant. … https://www.wsj.com/articles/justice-official-asks-to-reopen-bankruptcy-case-advised-by-mckinsey-co-1533077611?mod=pls_whats_news_us_business_f

Retailer Brookstone Seeks Bankruptcy Financing

Brookstone Inc., the specialty retailer known for selling massage chairs, travel gadgets and other novelties at malls and airports, is shopping for bankruptcy financing to fund its business if it files for chapter 11 protection, according to people familiar with the matter. The retail chain is seeking a roughly $50 million to $60 million loan … Continue reading “Retailer Brookstone Seeks Bankruptcy Financing”

Bustle Owner Bryan Goldberg Wins Bankruptcy Auction for Gawker.com

NEW YORK—A holding company owned by Bryan Goldberg, the founder of the websites Bleacher Report and Bustle, has been picked as the successful bidder for the assets of former media gossip site Gawker, according to people familiar with the matter. An auction for Gawker was held Thursday in the Manhattan offices of Ropes & Gray … Continue reading “Bustle Owner Bryan Goldberg Wins Bankruptcy Auction for Gawker.com

Williams Industrial Services Group Comments on Koontz-Wagner Bankruptcy Filing

IRVING, Texas–(BUSINESS WIRE)–Williams Industrial Services Group Inc. (“Williams” or “the Company”) (OTC:WLMS), a general and specialty construction services company, commented today on the filing of Chapter 7 bankruptcy proceeding by its discontinued operation and wholly-owned subsidiary, Koontz-Wagner Custom Controls Holdings LLC (“Koontz-Wagner”). Tracy Pagliara, President and CEO of Williams, stated, “It has been a slow … Continue reading “Williams Industrial Services Group Comments on Koontz-Wagner Bankruptcy Filing”

Tintri files for bankruptcy, barely a year after going public

Tintri Inc. TNTR, -1.17% said Tuesday it filed for bankruptcy, just a little over a year after the flash storage company went public. The company said it will keep operating its businesses … Continue reading “Tintri files for bankruptcy, barely a year after going public”

Quick-Rinse Bankruptcy

What is a ‘Quick-Rinse Bankruptcy’ A quick-rinse bankruptcy is a bankruptcy proceeding that is structured to move through legal proceedings faster than the average bankruptcy. The term “quick-rinse bankruptcy” first emerged during the credit crisis that started in 2008 and was used to describe the planned bankruptcies of U.S. automotive giants Chrysler and General Motors. … Continue reading “Quick-Rinse Bankruptcy”

Creditors Probe Gibson’s Pre-Bankruptcy Dealings

By Peg Brickley June 29, 2018 2:51 p.m. ET Creditors are stepping up a probe of guitar-maker Gibson Brands Inc.’s pre-bankruptcy dealings, looking for signs the troubled company favored senior lenders, including  affiliates of private-equity giants Blackstone Group and KKR & Co. Blackstone’s GSO Capital Partners LP and KKR Credit Advisors (US) LLC are among … Continue reading “Creditors Probe Gibson’s Pre-Bankruptcy Dealings”

SAExploration to Acquire Assets of Geokinetics Out of Bankruptcy

HOUSTON, June 27, 2018 (GLOBE NEWSWIRE) — SAExploration Holdings, Inc. (NASDAQ:SAEX) (OTCQB:SXPLW) today announced that its wholly owned subsidiary SAExploration, Inc. (“SAE” or the “Company”) has entered into an asset purchase agreement that will be used as a “Stalking Horse” bid to acquire certain assets of Geokinetics, Inc. (“GEOK”) and certain of its subsidiaries, debtors … Continue reading “SAExploration to Acquire Assets of Geokinetics Out of Bankruptcy”

McKinsey Investments Weren’t Disclosed in Bankruptcy Cases

By Gretchen Morgenson and Tom Corrigan June 19, 2018 11:45 a.m. ET A McKinsey & Co. retirement fund held investments that gave it a financial interest in the outcome of six bankruptcy cases in which the company also was serving as an adviser, court and regulatory filings show. McKinsey’s restructuring unit didn’t disclose those investments … Continue reading “McKinsey Investments Weren’t Disclosed in Bankruptcy Cases”

Involuntary Bankruptcy

What is an ‘Involuntary Bankruptcy’ Involuntary Bankruptcy is a legal proceeding in which a person or business is requested to go into bankruptcy by creditors, rather than on the person’s or business’ own accord. Creditors seeking involuntary bankruptcy must petition the court to initiate the proceedings, and the indebted party can file an objection to … Continue reading “Involuntary Bankruptcy”

Autonomous-car investment steers GM shares toward best day since bankruptcy

General Motors Co. shares on Thursday rose the most in the company’s post-bankruptcy years as Wall Street cheered news of a multibillion-dollar investment in the auto maker’s driverless-car unit. The shares zoomed more than 11% earlier Thursday to an intraday high of $42.24, the largest percentage gain for shares of the “new” GM … Continue reading “Autonomous-car investment steers GM shares toward best day since bankruptcy”

Why real-estate investors should still steer clear of Turkey even as the lira rebounds

The devaluation of the Turkish lira USDTRY, +3.2826%  may make real estate in cities like Istanbul and Ankara seem like a bargain for foreign investors, but scooping up property in Turkey could … Continue reading “Why real-estate investors should still steer clear of Turkey even as the lira rebounds”