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Bankruptcy


The Dutch electric bicycle maker VanMoof is also entering bankruptcy proceedings in Germany, according to a ruling by the court in Berlin, which has appointed a provisional administrator. An appeal can still e lodged, the court said. The VanMoof website states that the store in the German capital will be closed all week. The stores …

June 30 (Reuters) – Enjoy Technology Inc (ENJY.O), a Silicon Valley retailer led by former Apple Inc (AAPL.O) and JC Penney Co executive Ron Johnson, filed for bankruptcy protection on Thursday, fewer than nine months after going public through a special-purpose acquisition company (SPAC). The Palo Alto, California-based startup said it plans to sell its …

Club La Costa (UK) plc Branch in Spain Files For Voluntary Bankruptcy. Club la Costa, (UK) plc Branch, based in Mijas Costa Spain, has filed for voluntary bankruptcy. According to recently obtained court documents, the application was made to the Malaga Court in December 2020. According to information on its website, Club La Costa, which …

SANTA CLARA, Calif., Dec. 28, 2020 /PRNewswire/ — Wave Computing, Inc. (“Wave” or “the Company”), the processor technology company focused on the commercialization of RISC processor architectures and IP cores, and its subsidiaries including MIPS Tech, today announced that the Company has reached an agreement with its secured lender Tallwood Technology Partners, LLC (“Tallwood”) to restructure …

The fast-casual Mexican-food chain Rubio’s Restaurants, which is based in Carlsbad, filed a petition for bankruptcy on Monday in Delaware. Rubio’s confirmed the filing in a statement released on Monday: “Rubio’s Restaurant’s … announced today that it has reached agreement on a comprehensive financial restructuring with its sponsor, Mill Road Capital, and its lenders, funds …

CHARLESTON, W.Va. (WSAZ) – Thomas Health has officially gotten out of Chapter 11 Bankruptcy. According to the hospital, as of Monday, Thomas Health has finalized all required documents and successfully emerged from the Chapter 11 process. The company sought Chapter 11 protection on Jan. 10. The plan to exit Chapter 11 was approved in August. …

Saxon Shoes at Short Pump Town Center. (BizSense file photo) A stalwart of Richmond retail has filed bankruptcy. Saxon Shoes, a decades-old fixture of Richmond’s shopping scene, filed for Chapter 11 bankruptcy protection on Friday. The Henrico County-based shoe retailer has two stores, one in Short Pump Town Center and another in Fredericksburg. Chapter 11 …

SAN FRANCISCO — Pacific Gas & Electric has emerged from a contentious bankruptcy saga that began after its long-neglected electrical grid ignited wildfires in California that killed more than 100 people. The nation’s largest utility announced Wednesday it emerged from Chapter 11 bankruptcy and paid $5.4 billion in initial funds and 22.19% of its stock …

NEW YORK (Reuters) – Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc (JCP.N) out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. FILE PHOTO: Shoppers enter and leave the J.C. Penney department store in …

Image copyright Reuters Car rental company Hertz has filed for bankruptcy protection in the US after the pandemic saw its business plummet. The firm, which earns much of its income from car rentals at airports, said it had been affected by the sharp downturn in global travel. It will continue to operate while restructuring its …