Engine maker Briggs & Stratton files for Chapter 11 bankruptcy
Pandemic pushes the manufacturer into reorganization, has secured secured debtor-in-possession financing of $677.5 million.
PG&E reaches bankruptcy deal with California governor
The utility’s outdated system triggered a series of catastrophic wildfires in 2017 and 2018.
Insolvencies up last year as business filings rise for first time since 2001 [UPDATED]
The mining, oil and gas sector led the way with a 75% increase.
Trident bankruptcy may show lenders viewing industry differently: CAPP
Trident is abandoning 4,392 licensed wells, pipelines and other facilities.
American Apparel stages comeback with a few twists and a Canadian owner
Gildan Activewear won an auction to buy American Apparel, after it entered bankruptcy protection.
Bankrupt Takata’s air bags still out there; huge replacement challenge
100 million inflators installed worldwide, could take years to get them off the road.
US Steel Canada begins sale under creditor protection
Lake Erie and Hamilton Works operations employ about 2,000 workers.
Ivanhoe Energy declares bankruptcy
Restructuring talks with creditors fail.
Freedom Industries pleads guilty to pollution charges
Chemical spill contaminates West Virginia’s Elk River.
GM denies ambushing dealers with 2009 wind down
Dealers sue for $750 million; claim with more time they’d have received a better deal.
New Saab owner facing bankruptcy petition
A supplier is petitioning a Swedish court to declare the company bankrupt after it failed to pay $22,000 bill.
GM asking court to shield it from ignition claims
Strategy aims at conduct that took place before its 2009 bankruptcy.
Judge orders auction for Fisker, rejects private sale to Hybrid
Bankruptcy judge Kevin Gross refused to accept Hybrid’s plan to use $75 million it says it’s owed as Fisker’s senior secured lender as a credit bid for Fisker’s assets.
Chinese auto parts maker increases bid for Fisker
The fight heats up for troubled electric car maker.
Bankruptcy judge approves outline of Fisker’s Chapter 11 plan
Quick sale of the electric vehicle manufacturer remains on track.
Judge approves initial motions in Fisker Automotive bankruptcy
A bankruptcy hearing for the troubled electric car-maker has been fast-tracked, scheduled for Jan. 3.
US Energy Dept loses $139M in sale of Fisker loan
The troubled electric car-maker received loans worth $192 million before funds were suspended in 2011.
US government needs $95.51/share to break even on $49.5B GM bailout
Watchdog report says “no question” taxpayers are going to lose money on the investment.
Twinkies will return in July with wider distribution
Hostess is calling it the “the sweetest comeback In the history of ever.”
When the chips are down
What to do when a supplier or customer runs into trouble.
Hostess unable to reach a deal with bakers union
Twinkies maker continues its plans to liquidate.
Hostess to wind down operations
Laying off 18,000 workers and selling brands following labour strike.
Hawker Beechcraft execs seeks $5 million in bonuses amid bankruptcy
Troubled business jet manufacturer filed for bankruptcy in May
For sale: Catalyst Paper
Insolvent forestry company gets court approval for sale; seeks takeover proposals.
Saab can’t pay salaries
Troubled Swedish automaker insists it’s not headed for bankruptcy