A Look At Roomba Maker iRobot's Ch. 11 Reorg Plan
IRobot, the company behind the Roomba robot vacuum, will ask a Delaware bankruptcy judge Thursday to approve a Chapter 11 reorganization plan that would eliminate $257 million in debt, citing broad support from its major stakeholders.
Catching Up With New Bankruptcy Case Action
Saks Global Enterprises LLC began a bankruptcy to address $3 billion in debt, a significant Popeye's Louisiana Kitchen franchise operator declared bankruptcy with over $342 million in liabilities, and a Dallas hospital filed for Chapter 11 with more than $50 million in debt.
Saks Hits Ch. 11, Appeal Of Boy Scouts Bankruptcy Plan Nixed
The parent of Saks Fifth Avenue filed for Chapter 11 in Texas with $3.4 billion in debt tied to its Neiman Marcus deal, the U.S. Supreme Court declined to hear an appeal in the Boy Scouts of America's bankruptcy case, and the European Commission approved hedge fund Elliott Investment's $5.89 billion bid for control of Citgo's parent. This is the week in bankruptcy.
A Look At Roomba Maker iRobot's Ch. 11 Reorg Plan
IRobot, the company behind the Roomba robot vacuum, will ask a Delaware bankruptcy judge Thursday to approve a Chapter 11 reorganization plan that would eliminate $257 million in debt, citing broad support from its major stakeholders.
Catching Up With New Bankruptcy Case Action
Saks Global Enterprises LLC began a bankruptcy to address $3 billion in debt, a significant Popeye's Louisiana Kitchen franchise operator declared bankruptcy with over $342 million in liabilities, and a Dallas hospital filed for Chapter 11 with more than $50 million in debt.
Saks Hits Ch. 11, Appeal Of Boy Scouts Bankruptcy Plan Nixed
The parent of Saks Fifth Avenue filed for Chapter 11 in Texas with $3.4 billion in debt tied to its Neiman Marcus deal, the U.S. Supreme Court declined to hear an appeal in the Boy Scouts of America's bankruptcy case, and the European Commission approved hedge fund Elliott Investment's $5.89 billion bid for control of Citgo's parent. This is the week in bankruptcy.
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