ENDICOTT, N.Y. (WBNG) -- On Tuesday, “iM3NY,” the lithium-ion cell manufacturing gigafactory located in Endicott, filed a motion to dismiss its Chapter 11 case in the United States Bankruptcy ...

A debtor that files for Chapter 11 is referred to as a “debtor in possession.” Bankruptcy Code section 1107 empowers a debtor with the rights and powers of a trustee. A debtor in possession ...

In a news release, officials with Ascend in Houston said the Chapter 11 bankruptcy process "will enable [the firm] to deleverage its balance sheet and continue providing best-in-class materials to ...

In a move that should not surprise industry observers, especially literary agents specializing in children's books, Albert Whitman & Co. filed for Chapter 11/Subchapter V voluntary bankruptcy in ...

The growing expenses and unsuccessful attempt to raise more equity ultimately led the parent company of TimberHP, GO Lab Inc., to file for Chapter 11 bankruptcy protection March 25. Savage is ...

A bankruptcy filing by drinks manufacturer Stoli Group USA has cast doubt on the much-loved Kentucky Owl whiskey brand. The popular bourbon rose to prominence in 2014 when Kentucky businessman ...

Star Transportation files Chapter 11 to reorganize And now, trucking company Star Transportation PA and five affiliates have ...

Related: Popular whiskey brand files for Chapter 11 bankruptcy The economic issues caused financial distress, which led several pizza chains and franchises to file for Chapter 11 in 2024.

The nylon 6/6 maker says the Chapter 11 bankruptcy process will enable it to deleverage its balance sheet while it restructures. Houston-based Nylon 6/6 maker Ascend Performance Materials has filed ...

Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more.

But many companies — like Spirit Airlines — file for Chapter 11 bankruptcy, which attempts reorganization instead of liquidation. Chapter 11 gives a company time to come up with a new plan to pay its ...

However, the low-cost carrier, which emerged from its Chapter 11 bankruptcy process on March 12, noted that the fleet plan excludes 21 A320ceo and A321ceo aircraft, which are held for sale as of ...