Bankruptcy News

• Rocco Forte tells Matt Hancock to quit for his 'shambolic' coronavirus strategy
  
  Sir Rocco Forte demands that the Health Secretary should pay with his job for championing misguided lockdown policies now driving the hospitality sector into bankruptcy.
  Daily Mail.  Saturday, 24 Oct 2020.
• Boris Becker 'failed to hand over trophies to settle his debts'
  
  The 52-year-old German national, who was declared bankrupt in June 2017, is accused of not complying with obligations to disclose information.
  Daily Mail.  Friday, 23 Oct 2020.
• When Bankruptcy (Again) May Make Sense For Some US Airlines
  
  Airlines will be able to assess Summer 2021 travel beginning in the Spring. If they foresee another very weak season, some will likely use bankruptcy protection to make more aggressive moves with their fleet and debt.
  Forbes.  Thursday, 22 Oct 2020.
• J.C. Penney hopes to emerge from bankruptcy by Christmas
  
  Plan in works for Simon Property Group to buy beleaguered clothing retailer, according to company officials.
  CBS News.  Wednesday, 21 Oct 2020.
• Boris Johnson blames London mayor for TfL 'bankruptcy' before Covid-19
  
  Sadiq Khan has responded to Boris Johnson's allegation by calling the prime minister "a liar".
  BBC News.  Wednesday, 21 Oct 2020.
• Khan accuses PM of lying to MPs amid bitter TfL bailout row
  
  Sadiq Khan has accused Boris Johnson of lying to MPs after he claimed the capital's mayor had "effectively bankrupted" Transport for London.
  Sky News.  Wednesday, 21 Oct 2020.
• Editorial: California failed the communities around Exide. This cannot happen again
  
  A bankruptcy court let Exide walk away from its toxic contamination. California leaders cannot let this happen again.
  Los Angeles Times.  Wednesday, 21 Oct 2020.
• AMC warns bankruptcy is on the table as cash runs low
  
  AMC has agreed to sell as many as 15 million shares of its stock, but equity in the company could soon be worthless if the largest theater chain in the world files for bankruptcy.
  CNBC.  Tuesday, 20 Oct 2020.
• JCPenney CEO says company expects to exit Chapter 11 ahead of holiday season
  
  The bankruptcy process has added uncertainty as the retailer prepares for the holidays and tries to send a clear message about its future to vendors.
  CNBC.  Tuesday, 20 Oct 2020.
• AMC Shares Plummet 13% As It Attempts To Raise More Cash To Avoid Chapter 11 Bankruptcy
  
  Barring a swift reversal of fortune for the embattled theater industry, AMC is forecasting its cash will be "largely depleted" as soon as the end of this year if it doesn't raise more cash through a stock offering.
  Forbes.  Tuesday, 20 Oct 2020.
• Column: The Exide fiasco shows how companies get away with poisoning the environment
  
  How government inaction and pro-business bankruptcy law enabled Exide to evade the cost of its environmental disaster
  Los Angeles Times.  Tuesday, 20 Oct 2020.
• Theater chain AMC warns that it's running out cash
  
  Many small and midsize cinemas could go bankrupt without government aid, according to industry groups.
  CBS News.  Wednesday, 14 Oct 2020.
• Adam Schiff rips 'morally bankrupt' Donald Trump for holding another White House 'super-spreader'
  
  Rep. Adam B. Schiff blasted "morally bankrupt" President Trump for holding a public event at the White House on Saturday barely a week since disclosing he was diagnosed with the novel coronavirus. ...
  Washington Times.  Saturday, 10 Oct 2020.
• Energy Sector Update: Bankruptcies Beleaguer Shale Producers
  
  Of late, Oasis Petroleum (OAS) files for Chapter 11 bankruptcy protection after coronavirus-induced oil price crash dried up the available capital in the energy industry.
  Zacks.  Friday, 9 Oct 2020.
• Ruby Tuesday, hit by COVID-19 closures, files for bankruptcy
  
  It's not goodbye but rather an "opportunity to reposition the company for long-term stability as we recover from the unprecedented impact of COVID-19."
  ABC News.  Thursday, 8 Oct 2020.

Bankruptcy Services News Headlines and News Summaries