Category: CommercialBankruptcyLawyers.com

Mallinckrodt Secures Broad Consensus with Key Stakeholders on Comprehensive Chapter 11 Restructuring

DUBLIN, Oct. 12, 2020 /PRNewswire/ — Mallinckrodt plc (NYSE: MNK) (“Mallinckrodt” or the “Company”) today announced that it has voluntarily initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to modify its capital structure, including restructuring portions of its debt, and resolve several billion dollars of otherwise unmanageable potential legal liabilities. Mallinckrodt and all of...

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Hahn & Hahn Adds Bankruptcy Group

Press release content from Business Wire. The AP news staff was not involved in its creation. https://apnews.com/press-release/Business%2520Wire/0691bd6eb0d040e8938da62fc19387ad Click to copy PASADENA, Calif.–(BUSINESS WIRE)–May 18, 2020– It is not every day that an esteemed, 121-year-old law firm launches a whole new practice area. But that’s exactly what Hahn & Hahn[1] did today with the launch of a bankruptcy and financial restructuring...

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Another huge bankruptcy case lands in Richmond

Intelsat’s satellite fleet is controlled from Tysons Tower in Tysons Corner, Va. (Wikimedia Commons) By way of Luxembourg and with tens of billions of dollars at stake, a global satellite telecom company has beamed into Richmond to file for bankruptcy. With that comes another big catch for local bankruptcy attorneys to feast on. Intelsat, which operates a massive satellite-based telecommunications...

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J.Crew Group, Inc. Announces Comprehensive Agreement to Deleverage Balance Sheet and Position J.Crew and Madewell for Long-Term Profitable Growth

NEW YORK, May 4, 2020 /PRNewswire/ — J.Crew Group, Inc. (“J.Crew Group” or the “Company”) today announced it has reached an agreement with its lenders holding approximately 71% of its Term Loan and approximately 78% of its IPCo Notes, as well as with its financial sponsors, under which the Company will restructure its debt and deleverage its balance sheet, positioning...

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