April 17, 2026
Purdue Pharma will undergo an omnibus hearing and get criminally sentenced, Office Properties Income Trust will seek plan confirmation and Spirit will vie for the all-clear to take a vote on its own plan.
April 14, 2026
Saks Global Enterprises LLC on Tuesday secured a Texas bankruptcy judge's approval to sell a company jet for $6 million in the luxury retailer's Chapter 11 case.
April 13, 2026
Saks and mall owner Simon Property said they are closing in on an agreement resolving a dispute over leases, recycler Aleon Metals received plan approval and the American Bankruptcy Institute reported a first-quarter bump in bankruptcy filings.
April 10, 2026
Saks Global and mall operator Simon Property Group informed a Texas bankruptcy court Friday they are working toward a settlement to resolve outstanding issues across the luxury retailer's lease portfolio with Simon.
April 08, 2026
Saks Global has filed a Chapter 11 plan and disclosure statement, which call for the company to hand over its equity to the bondholders who have provided its debtor-in-possession financing, as the retailer aims to exit bankruptcy by the summer.
April 06, 2026
Spirit Airlines named its stalking horse as the winner of 20 planes previously set for auction. Saks Global Enterprises got exit funding and proposed a Chapter 11 plan. And a Delaware bankruptcy judge largely approved Yellow Corp.'s settlement of billions in pension fund claims.
April 02, 2026
Saks has gotten a commitment from its senior secured bondholders to provide $500 million in exit financing and intends to file a Chapter 11 plan in the coming weeks, the bankrupt retailer announced Thursday.
March 16, 2026
Luxury retailer Saks Global announced Monday its senior secured bondholders approved its bid to access another $300 million in financing for its Chapter 11 case after seeing the company's postbankruptcy business plan.
March 11, 2026
A valve manufacturer proposed a Chapter 11 plan to address asbestos claims, Saks Fifth Avenue announced more store closures, and new bankruptcies were launched, including a case centered on a tile distributor and another on an office building.
March 02, 2026
Retail landlord Simon Properties and luxury retailer Saks Global on Monday wrangled over the wording of a 2024 investment agreement as they asked a Texas bankruptcy judge to determine the fate of the leases of two Saks locations.