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Reuters: Bankruptcy News


Channel Title: Reuters: Bankruptcy News
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Channel Description: is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

Tilton's Patriarch to become family office, steps aside from Zohar
NEW YORK, Feb 5 (Reuters) - Wall Street financier Lynn Tilton on Friday said her firm Patriarch Partners LLC will become a "family office" and will step down as collateral manager of three investment... more

Russia VEB's board to talk about aiding bank at end-Feb/early March -FinMin
MOSCOW, Feb 5 (Reuters) - Russian Finance Minister Anton Siluanov said on Friday that the supervisory board of the ailing state development bank Vnesheconombank, or VEB, will discuss at the end of... more

CORRECTED-UPDATE 2-Caesars proposes a mediator to speed up bankruptcy deal
NEW YORK/CHICAGO, Feb 3 (Reuters) - The bankrupt operating unit of Caesars Entertainment Corp on Wednesday proposed mediation in its Chapter 11 case, potentially changing the course of the litigious,... more

BRIEF-Adinotec says insolvency proceedings under self-administration opened
* District court Darmstadt opens as of Feb. 1 insolvency proceedings under self-administration more

BRIEF-Global PVQ: sum set in insolvency proceedings to be reduced by EUR 9.2 mln
* Further developments in the insolvency proceedings after the creditors meeting (final meeting) of Aug. 27, 2015 more

UPDATE 2-Chicago schools slash high-yielding 'junk' bond deal
CHICAGO, Feb 3 (Reuters) - Chicago's troubled public school system on Wednesday had to slash the size of one of the biggest "junk" bond offerings the municipal market has seen in years and agree to... more

UPDATE 1-Creditors seek to put Abengoa's U.S. bioethanol unit into bankruptcy
CHICAGO, Feb 3 (Reuters) - Creditors of Abengoa Bioenergy of Nebraska LLC asked a federal judge to put the U.S. affiliate of troubled Spanish renewable energy group Abengoa into bankruptcy because it... more

Electronic dance promoter SFX Entertainment's CEO to resign
WILMINGTON, Del, Feb 3 (Reuters) - Robert Sillerman will resign in the next 60 days from SFX Entertainment, the bankrupt electronic dance music promoter and concert organizer he founded, a company... more

Caesars Entertainment unit proposes bankruptcy mediator
Feb 3 (Reuters) - The bankrupt operating unit of Caesars Entertainment Corp on Wednesday proposed mediation in its Chapter 11 case in bankruptcy court in the Northern District of Illinois,... more

Steelmakers face another year of pain even as prices steady
LONDON, Feb 3 (Reuters) - Global steelmakers face another year of pain with more capacity closures and job losses expected, even as steel prices start to stabilise thanks to painful production cuts,... more

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