Bankruptcy News

Amazon wants a federal judge to reject Saks Global’s bankruptcy financing plan, writing in court papers the beleaguered department store “burned through hundreds of millions of dollars in less than a year” and failed to hold up their agreement.  When Saks acquired Neiman Marcus for $2.7…

Mortgage rates fell sharply on Friday, a day after President Donald Trump said on social media that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. “This will drive Mortgage Rates DOWN, monthly payments DOWN, and make…

Saks Global is preparing to file for bankruptcy in the coming weeks after missing a debt payment tied to its Neiman Marcus acquisition, The Wall Street Journal reported on Wednesday, citing people familiar with the matter. The parent of high-end department store chain Saks Fifth…

Jennifer Riggins sits down with Thomas H. Curran, Managing Partner of Thomas H. Curran Associates, to unpack the accelerating wave of healthcare bankruptcies across the United States—and why 2025 represents a pivotal turning point for the industry. Together, they examine the rise…

The U.S. company that put robot vacuums into American homes has hit the skids. The maker of Roomba, called iRobot, has filed for bankruptcy about two years after its failed merger with Amazon. The company has struggled to keep up…

NEW YORK/SAO PAULO, Dec 12 (Reuters) – A U.S. bankruptcy judge on Friday approved Azul’s debt restructuring, allowing the Brazilian airline to slash more than $2 billion in debt and raise capital through a new equity rights offering and investment…

After rising for several weeks, mortgage rates moved decidedly lower last week, but not enough to make much of a difference in demand from current borrowers or potential homebuyers. Total mortgage application volume fell 1.4% for the week, according to…

WASHINGTON – The federal bank regulatory agencies today jointly issued a final rule that modifies certain regulatory capital standards to reduce disincentives a banking organization may have to engage in lower-risk activities, such as intermediating in U.S. Treasury markets. The…

NEW YORK – New York Attorney General Letitia James today secured the approval of Purdue Pharma’s bankruptcy plan after U.S. Bankruptcy Judge Sean Lane confirmed the plan in a bench ruling. The approval of the plan is a significant step…

Nov 13 (Reuters) – Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors. Total…