A Zoom In On Film Finances Inc.'s Ch. 11
If the credits roll on film production services company Film Finances Inc., which filed for bankruptcy in November, the company says the chief culprit is not COVID-19 or a protracted strike by Hollywood actors and writers, but rather its owner that withheld the cash it needed to stay afloat.
Catching Up With New Bankruptcy Case Action
In a more muted holiday week for bankruptcy filings, the courts still saw several cases come in, including the U.S. arm for iconic vodka brand Stoli and the Cayman Island subsidiaries of struggling budget airline Spirit.
Deal Struck In Discount Chain Plan, No Sanctions In J&J Case
Holders of notes issued by 99 Cents Only will take a $297 million haircut, Beasley Allen dodged discovery sanctions in Johnson & Johnson's latest spinoff bankruptcy and a Mexican industrial equipment leasing group sought U.S. recognition for its reorganization. This is the week in bankruptcy.
A Zoom In On Film Finances Inc.'s Ch. 11
If the credits roll on film production services company Film Finances Inc., which filed for bankruptcy in November, the company says the chief culprit is not COVID-19 or a protracted strike by Hollywood actors and writers, but rather its owner that withheld the cash it needed to stay afloat.
Catching Up With New Bankruptcy Case Action
In a more muted holiday week for bankruptcy filings, the courts still saw several cases come in, including the U.S. arm for iconic vodka brand Stoli and the Cayman Island subsidiaries of struggling budget airline Spirit.
Deal Struck In Discount Chain Plan, No Sanctions In J&J Case
Holders of notes issued by 99 Cents Only will take a $297 million haircut, Beasley Allen dodged discovery sanctions in Johnson & Johnson's latest spinoff bankruptcy and a Mexican industrial equipment leasing group sought U.S. recognition for its reorganization. This is the week in bankruptcy.
Expert Analysis
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Brazilian cement supplier InterCement has filed a petition for judicial reorganization in that country's bankruptcy court after more than a year of restructuring efforts and a July Chapter 15 filing in New York.
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A Texas bankruptcy judge said Tuesday he would allow the U.S. arm of vodka giant Stoli Group to use cash collateral to fund its Chapter 11 case on an interim basis after the debtor reached an agreement on repo... (more story)
A Delaware bankruptcy judge gave Film Finance Inc., a company that offers financing for high-profile film projects, the go-ahead Tuesday to put itself on the auction block early next year after dropping protec... (more story)
Drugmaker Nostrum Laboratories told a New Jersey bankruptcy judge Tuesday that close to 30 parties are weighing bids for the company's assets, with the debtor planning to choose a stalking horse bidder in the coming weeks.
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