Insolvency news

Delaware’s bankruptcy court recently denied a request from a group of healthcare debtors seeking to enter into a nonbinding mediation program. This decision impacts companies struggling financially, particularly those within the healthcare sector who are facing significant debts. The case involved key figures and companies, including R1 RCM and certain subsidiaries that operate under significant […]

Subchapter V bankruptcy stands out as a streamlined option under Chapter 11 of the U.S. Bankruptcy Code, specifically designed to assist small businesses experiencing financial distress. By simplifying the overall process, this provision offers quicker resolutions, which can be crucial for enterprises struggling to remain operational. As traditional bankruptcy procedures can be lengthy and cumbersome,

The landscape of bankruptcy and restructuring in the United States is poised for significant changes in 2024. As many companies continue grappling with financial distress, experts predict that there will be an uptick in bankruptcy filings. Key industries facing challenges include retail, healthcare, and technology. Companies such as Bed Bath & Beyond have already made

In a significant development, Shanti Holdings, a company based in Fiji, has recently been involved in a bankruptcy case that could have wider implications for its operations and partners. On January 8, 2025, Chief Justice Kamal Kumar presided over the matter, focusing on Shanti Holdings’ debt of over FJD 1,000,000 owed to Pacific Timber Limited,

A recent article highlights tensions between luxury brands and department stores, notably between Nordstrom and iconic fashion houses. As these brands seek to protect their exclusive identities, conflicts arise regarding product placement and pricing strategies. Nordstrom has found itself at odds with several high-profile designers, impacting the retail landscape significantly. Major companies like Gucci and

Hydro has announced it will acquire the remaining shares of Hydrovolt from Northvolt, a significant development for both companies involved in the battery recycling sector. This acquisition underscores Hydro’s commitment to strengthening its position in the growing energy transition market. Hydrovolt, which operates in Norway, specializes in recycling lithium-ion batteries, a key component for electric

Northvolt has divested its remaining interest in a joint venture focused on battery recycling, selling its stake to Norway’s Norsk Hydro. This move marks a significant transition for Northvolt, which has been actively involved in developing a sustainable battery ecosystem in Europe. The collaboration aimed at recycling used batteries to recover valuable materials and minimize

Prospect Medical Holdings has recently filed for Chapter 11 bankruptcy, a move that has raised concerns about its financial future. However, the company has assured the public that the ongoing sale of its facilities, specifically Roger Williams and Fatima Hospitals, will still proceed as planned. This declaration comes as a relief to many in the

A recent YouTube report highlights the growing concern regarding a prominent technology company’s potential bankruptcy. The focus is on TechCorp, renowned for its cutting-edge software solutions and significant market presence. The company’s struggles stem from dwindling revenues and losses that have alarmed investors and stakeholders alike. Analysts note that TechCorp’s innovative projects have not generated

Prospect Medical Holdings, a prominent healthcare provider, recently filed for bankruptcy, raising concerns about the future of its hospitals in Connecticut. The company, which owns several facilities in the state, has been facing significant financial difficulties for some time. This situation has left many employees and patients uncertain about the quality of care and job