A bankruptcy judge criticized Gulf Coast Health Care for keeping secret an internal report on potential legal claims against insiders and affiliates, derailing the nursing home company’s efforts to end its chapter 11 case this week.
A bankruptcy judge criticized Gulf Coast Health Care for keeping secret an internal report on potential legal claims against insiders and affiliates, derailing the nursing home company’s efforts to end its chapter 11 case this week.
Low-rated U.S. companies borrowed record amounts in the loan market last year, highlighting the surge in floating-rate debt as interest rates rise.
GWG has entered chapter 11 after raising $1.6 billion, mostly from individual investors, to invest in life insurance policies and other alternative assets.
The move by the Education Department would overhaul a program aimed at helping lower-income borrowers.
Biggest gainers and losers among high-yield bonds and widely-quoted syndicated loans.
BOND | % CHANGE |
---|---|
Akumin Inc. 7.5% due 08/01/28 | 3.931% |
Greenland Global Investment Limited 7.25% due 01/22/25 | -3.543% |
LOAN | % CHANGE |
---|---|
Signature Foods 2/21 TLB | 1.92% |
Holland & Barrett 8/17 (EUR) Cov-Lite TL | -6.6% |
This is a summary of a request from Volunteer Energy Services Inc. to hire Isaac Wiles & Burkholder LLC as local counsel, filed April 5 with the U.S. Bankruptcy Court in Columbus, Ohio.
This is a summary of a request from Lear Capital Inc. to hire Morris James LLP as counsel, filed March 15 with the U.S. Bankruptcy Court in Wilmington, Del.
A list of some new chapter 11 bankruptcy filings made during the last week.
This is a summary of a request from MD Helicopters Inc. to hire Latham & Watkins LLP as co-counsel, filed April 4 with the U.S. Bankruptcy Court in Wilmington, Del.
A list of some new chapter 11 bankruptcy filings made during the last week.