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After filing for chapter 11 bankruptcy earlier this year, renewable energy developer SunEdison recently found a buyer for some of its assets. In a recent blog post, NRG Energy announced it had purchased 1,500 megawatts worth of assets from SunEdison. Those properties consist of utility-scale wind and solar-photovoltaic projects that are either currently in operation or […]

C&J Energy files Chapter 11 C&J Energy Services Ltd., one of the largest oil field service companies, has announced that it recently filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, the firm has negotiated a $1.4 billion deal with its senior bondholders, to resolve some of the issues connected to its […]

As one of the oldest grocery store chains in the US, as well as having NJ roots, you may be sad to hear that A&P filed for bankruptcy. The chain recently filed for Chapter 11 bankruptcy protection. According to Wall Street Journal, A&P has planned for a series of sales to competitors after it claimed […]

Colt Defense LLC, a legendary gunmaker and one of the oldest gunmakers in the world, filed for Chapter 11 bankruptcy protection recently to cut its $500 million debt, according to Bloomberg Business. The filing comes after Colt lost key U.S. and foreign military contracts as well as years of dropping demand for firearms at the consumer […]

The operating unit of Caesars Entertainment Corp., Caesars Operating, request additional time so the company can file its own Chapter 11 reorganization plan without having to worry about rival agendas. The branch garnered a substantial amount of attention when the group chose to file for Chapter 11 bankruptcy protection earlier in 2015. Exclusive period ends in […]

Federal Judge Gloria Burns approved the sale of Revel Hotel and Casino on Thursday, April 2, resulting in Florida developer Glen Straub purchasing the company’s assets for $82 million. At this price, Revel sold at a more than 96 percent discount from the $2.4 billion required to build the property, according to The Wall Street Journal. Resolution […]

The company that owns and operates Yellow Cab filed for bankruptcy March 18, after a jury in Cook County, Illinois, awarded a nearly $26 million verdict to a plaintiff who pursued legal action following a car accident in 2005. Yellow Cab presents itself as the oldest and largest taxi cab company in North America, according […]

The Revel hearings were delayed March 16, shortly after multiple parties expressed an interest in revisiting a recent court ruling after a federal judge refused to authorize an $82 million sale. The troubled company has repeatedly failed to negotiate a transaction after filing for Chapter 11 bankruptcy in June. Series of failed deals Multiple potential […]

A U.S. bankruptcy judge decided March 12 that an independent examiner must investigate transactions that involve one of Caesars Entertainment Corp’s operating units. Earlier this year, Caesars Entertainment Operating Co. filed for Chapter 11 bankruptcy protection, but before taking this legal action, it participated in several intercompany deals, according to Reuters. Before the company filed to obtain protection from its […]

According to the Federal Reserve, four of the largest names on Wall Street have passed the Federal Reserve’s “Stress Test”. Goldman Sachs, JP Morgan Chase, and Morgan Stanley were all green lighted to be able to return income to their investors, although they were required to adjust their initial requests to insure that they had […]

U.S. Bankruptcy Judge Gloria Burns recently refused to grant a request to sell Revel Casino made by advisors for the Atlantic City-based Casino  and Hotel to Florida developer Glenn Straub for $82 million. Instead, she said the parties involved need more time to see if they can get a better deal to sell Revel Casino. […]

A bankruptcy court ruling on Friday February 20 gave Donald Trump a leg up on stripping his name from the troubled Trump Taj Mahal Atlantic City casino. Trump will now be allowed to proceed with a licensing suit, which demands that his name be erased from all of the Atlantic City properties owned by Trump […]