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Latvia's airBaltic has entered US Chapter 11 proceedings with a commitment for €350m of debtor-in-possession financing, giving the airline a new liquidity bridge as it restructures its financial obligations while continuing to operate. Strategic Value Partners is arranging the DIP...
#airBaltic#airline finance#Barclays
Judge Lopez denied confirmation of First Brands' joint Chapter 11 plan today. The order runs to a single paragraph: denied…
#bankruptcy#Chapter 11#Chapter 7
Carriox Capital II LLC (Carriox), a New York-based receivables-financing company has filed for Chapter 11 bankruptcy protection. Court filings showed…
#Carriox#Chapter 11#fraud
U.S. auto parts supplier First Brands has filed for Chapter 11 bankruptcy protection, disclosing liabilities of more than US$11bn. The…
#bancrupcy#Chapter 11#debt finance