Trump and Democrats seek to avoid economic and political fallout for first major corporate casualty of the Iran war
The use of foreign venues is the new frontier for debt restructurings at American companies
Trump said US would only proceed with rescue for bankrupt budget carrier ‘if it’s a good deal’
Bondholder group remains divided over $500mn on offer from White House that would rescue bankrupt budget carrier
Lenders may flinch at a government bailout but the alternative could be worse
Bankrupt low-cost airline has been in talks with the federal government for a ‘financing package’
Money would come with equity warrants that could make government majority owner of struggling discount carrier
Firm whose partners bill more than $2,000 per hour apologises to judge for software-driven errors in bankruptcy case
Upcoming asset sales are expected to yield as little as $200mn to pay off debt pile of more than $12bn
Or at least, extremely rarely
Lenders weigh losses linked to Market Financial Solutions, which financed a Bangladeshi politician’s real estate empire
Most companies eventually close, and more start-up founders are turning to consultants for help with handling the process
Apollo, Ares and BlackRock seek to dismiss lawsuit by telecoms group saying they acted as a debt cartel
Firm was heavily dependent on fees earned from deals for bankrupt auto-parts supplier
The company is relying on a $48mn infusion from automakers to continue operating
Big US carmakers negotiating terms to give the bankrupt car parts supplier much-needed cash
New research shows 80% of companies that complete liability management exercises default again within 3 years
Chain sought to be the ultimate retailer in the sector but its collapse suggests plenty of shoppers never wanted it at all
Small Akron-based firm hired to inspect inventory at bankrupt manufacturer’s off-balance sheet vehicles
Retailer has struggled with high debt after acquiring rival Neiman Marcus and Bergdorf Goodman
Helios Strategic Advisors is latest firm drawn into scandal over bankrupt US auto parts maker
Estate of bankrupt car parts maker alleges ‘unlawful scheme to defraud creditors out of billions of dollars’
Advisers to bankrupt car parts maker say it only has enough cash to operate through to the end of January
Policies worth $200mn could be tapped to pay for legal bills of former company directors and officers
Lawsuit shows bank flagged ‘serious material weaknesses’ at the Texas auto lender in early 2024
