Stranglehold Of Debt, Litigation Drove FAT Brands To Ch. 11
A CEO who once served prison time and was later accused of fraud. A series of acquisitions that left the company sharply overleveraged, ensnared in a knot of debt. This isn't a crypto firm or investment scheme. It's restaurant franchiser FAT Brands, which filed for bankruptcy last week.
Meet The Attorneys Helping Nine Energy In Its Ch. 11
Oilfield service provider Nine Energy Services has tapped attorneys from Kane Russell Coleman Logan PC and Kirkland & Ellis LLP to lead it through the Chapter 11 case it began in order to address nearly $400 million in debt.
Plastics Co. Pretium Struggled With Debt Years Before Ch. 11
Pretium Packaging, a private equity-backed maker of rigid plastic containers, collapsed into bankruptcy last week less than three years after completing a debt exchange that injected $200 million into the company, highlighting its persistent struggles to stabilize its business in the face of more than $1 billion in debt.
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A Delaware bankruptcy judge Wednesday approved the sale of recreational-vehicle fridge distributor Norcold LLC's assets to an insider, finding the sale of litigation claims did not amount to releases for the insiders.
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A Texas bankruptcy judge Tuesday gave oilfield service provider Nine Energy Services interim approval to tap into $56 million in Chapter 11 financing and set an early March hearing for the company's prepackage... (more story)
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