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Latest Articles

Parker Drilling files bankruptcy

Parker Drilling announced Wednesday morning that it had filed for a “pre-arranged” chapter 11 bankruptcy. Parker Drilling’s proposed plan will reduce two-thirds of funded debt and inject $95 million of equity capital through a backstopped rights...

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USA Gymnastics files bankruptcy

Facing 100 lawsuits from more than 350 sexual-assault victims of team physician Larry Nassar, USA Gymnastics filed for bankruptcy protection last week. Its recently appointed board chairman said the step was taken to expedite payment of...

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Archdiocese of Santa Fe, New Mexico files bankruptcy over sexual abuse lawsuits

On December 3, the Archdiocese of Santa Fe filed for bankruptcy in the face of decades of sexual abuse lawsuits and millions of dollars in payouts to survivors. More than 350 abuse survivors have been documented...

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LBI Files for Bankruptcy

Spanish-language broadcaster LBI Media and its TV and radio stations have filed for chapter 11 bankruptcy protection. LBI owns 27 Spanish-language radio and TV stations and the Estrella broadcast TV network. Click here for the full...

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