BankruptcyData published its free Q3 2017 Business Bankruptcy Filings Report. Packed with nearly 30 pages of analytical charts and graphs, this report reflects quarterly and YTD bankruptcy activity and breaks down the filings by various elements such as industry, sales volume, company size, liabilities, assets, employees, creditors and public and private filings. BankruptcyData notes that the…

Privately-held Vitamin World and eight affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-11933. The Company, which retails vitamins and nutritional supplement products, is represented by Mark Minuti of Saul Ewing Arnstein & Lehr. According to documents filed with the Court, “Debtors have also…

Gulfmark Offshore filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “Although the Debtor has not yet obtained committed exit financing, the Debtor, its advisors, and the advisors for the Consenting Noteholders have been in advanced negotiations with both of the Company’s secured…

According to a corporate release Venoco announced that the U.S. Bankruptcy Court has indicated that it will enter an order confirming Venoco’s First Amended Joint Plan of Reorganization. The Company notes that this Plan will eliminate approximately $1 billion of debt from its balance sheet and better position it for long-term success. Venoco will retain…

The U.S. Bankruptcy Court issued an order denying the motion filed by Affirmative Insurance Holdings’ Court-affirmed rehabilitator seeking to dismiss the Chapter 11 proceeding. The order states, “Upon consideration of the Motion of Anne Melissa Dowling, Acting Director of Insurance of the State of Illinois, in her role as Statutory and Court-Affirmed Rehabilitator, for Entry…

The number of corporate bankruptcies remained steady in Q3 2015 marking the 4th straight quarter where the bankruptcy numbers remained flat and remarkably consistent. Though the number of bankruptcies 2015 YTD is down 16% compared to 2014, the seven-year downward spiral in the number of corporate bankruptcies has indeed leveled off. There were 22,680 corporate…

According to the U.S. Bankruptcy Court docket, the U.S. Trustee assigned to the Alpha Natural Resources case filed a limited objection to the Debtors’ motion for an order (i) confirming authority to continue pre-petition retention programs for non-insider employees in the ordinary course of business, (ii) establishing a discretionary pool for the payment of future retention…