A majority of Purdue Pharma’s more than 120,000 creditors have voted to approve the company’s bankruptcy plan, The New York Times reported July 27. Ninety-five percent of cities, states, tribes, ...

Durham chipmaker Wolfspeed announced it will reorganize to consolidate debt under Chapter 11 bankruptcy. According to a statement from Wolfspeed, it reached a restructuring support agreement with key ...

DOVER, Del. — Unhappy creditors are challenging a federal judge’s approval of Tribune Co.’s plan to emerge from bankruptcy, asking that it be put on hold until their appeals are heard. Separate ...

The deadline day has arrived for creditors to oppose Detroit's request for bankruptcy protection. Federal Judge Steven Rhodes has set today as the eligibility objection deadline in the bankruptcy ...

(Reuters) -Wolfspeed plans to file for bankruptcy in the United States under a restructuring agreement with creditors, which would provide it with fresh financing and slash debt by nearly 70%, the ...

Lehman Brothers is getting broader support for its new bankruptcy plan. The investment bank, which filed for bankruptcy at the height of the financial crisis in 2008, said on Friday that creditors ...

(Bloomberg) -- Creditors of Purdue Pharma voted in favor of the opioid maker’s proposal to exit bankruptcy and pay billions to communities and individuals who say they were harmed by the company’s ...

NEW YORK/BANGALORE (Reuters) - Lehman Brothers Holdings Inc said creditors holding more than $100 billion of claims now support its reorganization plan, moving the company closer to emerging from the ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The fate of a troubled Orlando ...

A majority of Purdue Pharma’s more than 120,000 creditors have voted to approve the company’s bankruptcy plan, The New York Times reported July 27. Ninety-five percent of cities, states, tribes, ...