MedMen Enterprises declares bankruptcy, faces liquidation
MedMen Enterprises Inc., a prominent cannabis company with operations throughout the United States, has declared bankruptcy under Canada’s Bankruptcy and Insolvency Act. The announcement, made...
ICON Aircraft files Chapter 11; aims for business sale
ICON Aircraft, the creator of the innovative ICON A5 amphibious sport plane, has declared the initiation of a strategic restructuring by filing for Chapter 11...
BowFlex to sell assets to Johnson Health Tech in bankruptcy auction
BowFlex Inc., a leading home fitness company, has agreed to sell most of its assets to Johnson Health Tech Retail, Inc. for $37.5 million in...
Casino’s restructuring leads to Rallye’s bankruptcy and loss of control
PARIS: Casino, a French retail giant, has received the approval of the Paris Commercial Court for its accelerated financial restructuring plan, which will massively dilute...
Celsius Network emerges from bankruptcy, creates new Bitcoin mining company
Celsius Network, a cryptocurrency lending platform, has successfully emerged from bankruptcy after completing its plan of reorganization. The plan, which was approved by 98% of...
Go Airlines (India) granted bankruptcy protection, complicating lessors’ repossession efforts
India’s low-cost carrier, Go Airlines (India) Ltd, which recently rebranded as Go First, has been granted bankruptcy protection by an Indian tribunal. The move allows...
Philippine Airlines exits bankruptcy
LONDON, UK: Avation Plc, the commercial passenger aircraft leasing company, advised that its customer Philippine Airlines Ltd (PAL) has exited bankruptcy and has received court...
Lifecare AS well protected as Digital Diagnostics AG files for bankruptcy
BERGEN: Digital Diagnostics AG’s (Digid) management has filed for bankruptcy at the district court of Mainz. The filing was delivered without any prior information to...
PG&E Corp achieves bankruptcy court confirmation of its plan of reorganization
SAN FRANCISCO: PG&E Corporation and Pacific Gas and Electric Company announced that the United States Bankruptcy Court for the Northern District of California has confirmed...
Home décor retailer Pier 1 to wind down business operations
FORT WORTH: Pier 1 Imports Inc. has received approval from the U.S. Bankruptcy Court for the Eastern District of Virginia for the Company’s planned wind-down...
Unit corporation files Chapter 11; enters into restructuring support agreement with creditors
TULSA: Unit Corporation, a Tulsa-based, publicly held energy company, has filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code to effectuate a...
Crypto-asset enterprise HyperBlock files an Assignment in Bankruptcy
TORONTO: HyperBlock Inc. confirmed that the company has filed an “Assignment in Bankruptcy” under the Bankruptcy and Insolvency Act (Canada). The Company is no longer...