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Equipment Finance Advisor Search Results
News Stories (84 Results) -
Bankruptcy
The 4,553 total commercial chapter 11 bankruptcies filed during the first nine months of 2023 represented a 61 percent increase over the 2,837 filed during the same period in 2022, according to data provided by Epiq Bankruptcy, the leading provider...
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October 04, 2023, 06:55 AM
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The increase in large corporate bankruptcies in the first half of 2023 marked a reversal from a gradual decline in filings since the start of 2021, according to a report released today by Cornerstone Research.The report, Trends in Large Corporate...
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September 27, 2023, 07:14 AM
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Yellow Corporation and certain of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware for the Company’s planned...
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August 07, 2023, 07:20 AM
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Womble Bond Dickinson announced Edward Schnitzer, David Banker and Wojciech Jung have joined the Capital Markets practice and Bankruptcy team in New York. Schnitzer and Banker join the firm from Montgomery McCracken; Jung joins from Lowenstein...
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July 28, 2023, 07:05 AM
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Moritt Hock & Hamroff announced Leslie Berkoff and Theresa Driscoll, partners of the firm, have been recognized by Lawdragon as 500 Leading U.S. Bankruptcy & Restructuring Lawyers for 2023. The annual Lawdragon 500 Leading Lawyers in America is the...
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June 29, 2023, 07:10 AM
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Year-over-year U.S. bankruptcy filings increased seven percent across all chapters for the second consecutive month in September, according to data released today from Epiq's Bankruptcy Analytics platform. There were 33,184 total filings registered...
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October 06, 2022, 07:10 AM
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The total 36,049 bankruptcy filings for March represented a 34 percent increase over the 26,993 filings during the previous month of February, according to data provided by Epiq Bankruptcy. Similarly, the 34,244 total noncommercial filings for March...
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April 06, 2022, 07:01 AM
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Commercial Chapter 11 filings decreased 50 percent in August 2021 from last year, according to data provided by Epiq Systems. The 264 commercial chapter 11 filings in August 2021 fell by exactly half from the 528 filings registered in August 2020....
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September 08, 2021, 07:17 AM
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The COVID-19 pandemic set off an increase in corporate bankruptcy filings not seen since the financial crisis, according to a report released today by Cornerstone Research. The report, Trends in Large Corporate Bankruptcy and Financial...
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August 31, 2021, 07:00 AM
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Hertz Global Holdings announced the composition of its new Board of Directors whose term is effective with the Company's successful completion of its restructuring and emergence from Chapter 11. The new Board will initially include eight members with...
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July 02, 2021, 07:11 AM
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Creditors to be paid in full and existing shareholders to receive more than $1 billion of value.Hertz Global Holdings announced that the Bankruptcy Court confirmed the Company's Plan of Reorganization (the "Plan"). The Plan unimpairs all classes of...
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June 14, 2021, 07:20 AM
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Total U.S. bankruptcy filings in April 2021 increased 6 percent from the previous year, according to data provided by Epiq. Bankruptcy filings totaled 40,911 in April 2021, up from the April 2020 total of 38,459, when filings sharply declined in the...
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May 10, 2021, 07:22 AM
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Commercial Chapter 11 filings decreased 9 percent in March to 384 from the 420 commercial Chapter 11 filings in February, according to data provided by Epiq The 2,275 total commercial filings in March represented a 16 percent increase from the 1,965...
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April 07, 2021, 07:00 AM
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Hertz Global Holdings selected an enhanced proposal from Centerbridge Partners, L.P., Warburg Pincus LLC, and Dundon Capital Partners, LLC (collectively, the "Sponsorship Group") to provide the equity capital required to fund Hertz's exit from...
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April 07, 2021, 06:55 AM
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Hertz Global Holdings announced it has made all of the required court filings in its Chapter 11 case needed to continue the process it initiated at the beginning of March 2021 to exit Chapter 11 in June 2021. The filings also report on the status of...
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April 01, 2021, 07:21 AM
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Epiq released its February 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. February experienced the lowest number of new monthly bankruptcy filings across all chapters, with only 31,188 filings, since...
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March 04, 2021, 07:05 AM
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Epiq, a legal services company, released the first look at the results of the new Chapter 11, Subchapter V, U.S. Bankruptcy Court filings with a total of 923 new petitions year to date since the program commenced on Feb. 19. Since then, while the...
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October 23, 2020, 07:20 AM
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Hertz Global Holdings Inc. has received interest from several potential buyers for its Donlen fleet business and is considering a sale if it can get at least $1 billion, according to people familiar with the matter, Bloomberg reported.Hertz filed for...
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September 02, 2020, 07:22 AM
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Ritchie Bros. announced it has been chosen to sell select trucks and trailers owned by Celadon Group. Celadon, which filed for Chapter 11 bankruptcy protection in December 2019, was one of the largest over-the-road trucking companies in North America...
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February 21, 2020, 07:15 AM
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Celadon Group, Inc. announced that it, along with its 25 affiliate entities, have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Celadon also announced it will...
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December 09, 2019, 07:30 AM
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Bristow Group Inc. announced it has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Southern...
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November 01, 2019, 07:25 AM
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Bristow Group Inc. (BRS) announced that the company has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Bristow intends to use the proceedings to restructure and strengthen its balance...
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May 13, 2019, 07:25 AM
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Ritchie Bros. announced it has received bankruptcy court approval to purchase the assets of Welded Construction, L.P. together with Gordon Brothers, the global advisory, restructuring and investment firm. The two companies will work together to sell...
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April 29, 2019, 07:10 AM
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Total U.S. bankruptcy filings increased 2 percent in October 2017 over October of last year, according to data provided by Epiq Systems, Inc. Filings totaled 64,579 in October 2017, up slightly from the October 2016 total of 63,082. Consumer...
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November 06, 2017, 07:07 AM
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Commercial chapter 11 filings totaled 425 in September, a 16 percent increase over September 2016’s total of 365 filings, according to data provided by Epiq Systems, Inc. Overall business filings decreased to 2,854 filings in September, a 12 percent...
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October 04, 2017, 07:10 AM
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Total U.S. bankruptcy filings decreased 8 percent in July 2017 from June, according to data provided by Epiq Systems, Inc. Total filings registered 61,366 in July 2017, down from the June 2017 total of 66,789. The 58,522 consumer filings in July also...
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August 04, 2017, 07:10 AM
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BankruptcyData released its Q2 2017 Business Bankruptcy Filings Report, which indicates that the Retail, Services and Finance/Insurance/Real Estate sectors increased their percentages of overall business bankruptcies during Q2 2017, compared to the...
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July 18, 2017, 07:18 AM
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Total commercial chapter 11 bankruptcies for the month of June 2017 were 581, representing a 16 percent increase from the 502 commercial chapter 11 filings in June 2016, according to data provided to the American Bankruptcy Institute by Epiq Systems...
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July 07, 2017, 07:09 AM
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As the industry continues to struggle, the number of retailers filing for bankruptcy keeps growing, and 2017 could end up with the highest number of retail bankruptcies ever. That's the assessment of a new report from BankruptcyData.com that compiles...
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June 23, 2017, 07:22 AM
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Total U.S. bankruptcy filings fell nearly 4 percent in April 2017 from the same period in 2016, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 67,670 in April, down 3.96 percent from the 70,457 filings reported in April...
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May 05, 2017, 07:05 AM
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Equipment Finance Advisor Exclusive: Distress in the brick and mortar sector led to a surge in retail bankruptcies in the first three months of 2017, with retailers accounting for 48% more filings than the same period last year.That’s according to a...
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April 19, 2017, 07:27 AM
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The results of the “National Study of Individual Chapter 11 Bankruptcies,” commissioned by the ABI Endowment Fund, found that individuals account for more than a quarter of chapter 11 bankruptcy filings, and that this share has grown over time. The...
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April 17, 2017, 07:12 AM
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Total U.S. bankruptcy filings fell slightly in the first calendar quarter (Jan. 1 - March 31) of 2017 from the same period in 2016, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 195,199 in the first quarter of 2017, down...
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April 10, 2017, 07:04 AM
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Total U.S. bankruptcy filings decreased 10 percent in February from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 58,336 in February 2017, down from the February 2016 total of 64,712. Consumer...
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March 08, 2017, 07:10 AM
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Total U.S. bankruptcy filings increased 5 percent in January 2017 from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 55,212 in January 2017, up from the January 2016 total of 52,560. With the...
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February 06, 2017, 07:07 AM
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Total U.S. commercial bankruptcy filings increased 26 percent in November 2016 over November of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 2,908 in November 2016, up from the November 2015 total of 2,311....
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December 06, 2016, 07:10 AM
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Total U.S. commercial bankruptcy filings increased 21 percent in October 2016 over October of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,023 in October 2016, up from the October 2015 total of 2,491....
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November 04, 2016, 07:10 AM
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Total commercial filings during the first six months of the year (Jan. 1-June 30) increased 29 percent to 19,470 over the 15,071 total commercial filings during the same period in 2015, according to data provided by Epiq Systems, Inc. Commercial...
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July 07, 2016, 07:11 AM
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Total U.S. commercial bankruptcy filings increased 32 percent in May 2016 over May of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,358 in May 2016, up from the May 2015 total of 2,550. May is the seventh...
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June 03, 2016, 07:12 AM
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Total U.S. bankruptcy filings fell 5 percent in the first calendar quarter (Jan. 1 - March 31) of 2016 from the same period in 2015, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 195,565 in the first quarter of 2016...
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April 08, 2016, 07:00 AM
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Total U.S. bankruptcy filings decreased just 1 percent in February from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 64,662 in February 2016, down slightly from the February 2015 total of...
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March 08, 2016, 07:18 AM
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Total U.S. bankruptcy filings decreased 11 percent in January from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 52,522 in January 2016, down from the January 2015 total of 59,092. Consumer...
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February 05, 2016, 07:08 AM
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Total bankruptcy filings totaled 819,240 nationwide for calendar year 2015 (Jan. 1-Dec. 31), a 10 percent decrease from the 910,397 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 789,222 total...
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January 08, 2016, 07:12 AM
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Total bankruptcy filings in the United States increased 5 percent in November 2015 from November of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 65,511 in November 2015, up from the November 2014 total of...
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December 04, 2015, 07:25 AM
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Total bankruptcy filings in the United States decreased 11 percent in October 2015 from October of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 70,211 in October 2015, down from the October 2014 total of...
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November 04, 2015, 08:00 AM
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Total commercial chapter 11 filings in the United States increased 48 percent in August 2015 over August of last year, according to data provided by Epiq Systems, Inc. Commercial chapter 11 filings increased to 531 filings in August 2015 from the 360...
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September 04, 2015, 08:06 AM
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Total commercial chapter 11 filings in the United States increased 77 percent in July 2015 over July of last year, according to data provided by Epiq Systems, Inc. Commercial chapter 11 filings increased to 637 filings in July 2015 from the 359...
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August 07, 2015, 07:11 AM
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Total bankruptcy filings totaled 422,782 nationwide during the first six months of 2015 (Jan. 1-June 30), a 12 percent decrease from the 479,573 total filings reported during the same period a year ago, according to data provided by Epiq Systems, Inc...
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July 09, 2015, 07:00 AM
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Total bankruptcy filings in the United States decreased 19 percent in May 2015 over May of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 69,286 in May 2015, down from the May 2014 total of 85,711. Consumer...
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June 09, 2015, 07:00 AM
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Total bankruptcy filings in the U.S. for November 2014 decreased 16 percent compared to the previous year, according to data provided by Epiq Systems, Inc. November bankruptcy filings totaled 62,403, down from the 74,070 filings registered in...
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December 08, 2014, 06:00 AM
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Total bankruptcy filings in the United States decreased 12 percent in October 2014 from October of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 78,957 in October 2014, down from the October 2013 total of...
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November 06, 2014, 07:10 AM
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Total bankruptcy filings in the United States decreased 11 percent in May 2014 over May of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 85,664 in May 2014, down from the May 2013 total of 96,495. Consumer...
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June 05, 2014, 06:30 AM
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Gordon Brothers Group received sale order approval by the Federal Bankruptcy Court in Delaware for Green Field Energy Services, Inc.’s entire portfolio of equipment and inventory assets. Green Field Energy Services, a well service provider...
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March 18, 2014, 06:00 AM
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Total bankruptcy filings in the United States decreased 13 percent in January from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 68,153 in January 2014, down from the January 2013 total of...
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February 07, 2014, 07:00 AM
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The Brownsville Herald reported Brownsville Doctor’s Hospital filed for Chapter 7 bankruptcy on Dec. 11, 2013, halting a civil lawsuit filed against it by Key Equipment Finance. According to the report, Key Equipment Finance filed an emergency motion...
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January 21, 2014, 07:00 AM
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Bloomberg reports that YRC Worldwide Inc., a U.S. trucking company that averted bankruptcy in 2011, is seeking $1.15 billion in loans to refinance debt, according to a person with knowledge of the transaction. According to the Bloomberg report...
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January 08, 2014, 06:30 AM
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Bankruptcy filings totaled 1,032,326 nationwide for calendar year 2013 (Jan. 1-Dec. 31), a 13 percent decrease from the 1,186,137 total filings in calendar year 2012, according to data provided by Epiq Systems, Inc. The 988,215 total noncommercial...
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January 07, 2014, 07:00 AM
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Total bankruptcy filings in the U.S. for November 2013 decreased 15 percent compared to the previous year, according to data provided by Epiq Systems, Inc. November bankruptcy filings totaled 74,021, down from the 87,090 filings registered in...
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December 05, 2013, 06:36 AM
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Total U.S. bankruptcy filings for the month of October increased 11 percent compared to September, according to data provided by Epiq Systems, Inc. October bankruptcy filings totaled 89,875, up from the 80,668 filings registered in September 2013....
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November 06, 2013, 06:59 AM
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Total bankruptcy filings were 801,783 nationwide during the first nine months of 2013 (Jan. 1-September 30), a 13 percent decrease from the 921,927 total filings recorded during the same period a year ago, according to data provided by Epiq Systems...
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October 04, 2013, 07:00 AM
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Total bankruptcy filings in the United States for August 2013 decreased 15 percent compared to the previous year, according to data provided by Epiq Systems, Inc. August bankruptcy filings totaled 88,902, down from the 104,471 filings registered in...
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September 06, 2013, 07:05 AM
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Total bankruptcy filings in the United States for July 2013 decreased 10 percent compared to the previous year, according to data provided by Epiq Systems, Inc. July bankruptcy filings totaled 87,684, down from the 97,287 filings registered in July...
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August 06, 2013, 07:00 AM
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Reuters reported Detroit filed the largest municipal bankruptcy in U.S. history on Thursday, setting the stage for a costly court battle with creditors. According to the Reuters report, the bankruptcy, if approved by a federal judge, would force...
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July 19, 2013, 07:04 AM
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Total bankruptcy filings in the United States decreased 12 percent in May over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 96,430 in May 2013, down from the May 2012 total of 109,538. Consumer filings...
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June 06, 2013, 06:55 AM
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Total bankruptcy filings in the United States decreased 8 percent in April over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 100,702 in April 2013, down from the April 2012 total of 108,996. Consumer filings...
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May 06, 2013, 07:10 AM
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Total bankruptcy filings in the United States decreased 16 percent in the first calendar quarter (Jan. 1 - March 31) of 2013 from the same period in 2012, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 263,516 in the...
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April 04, 2013, 07:06 AM
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Total bankruptcy filings in the United States decreased 21 percent in February over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 82,285 in February 2013, down from the February 2012 total of 104,537. Consumer...
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March 06, 2013, 07:16 AM
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Beechcraft, formerly Hawker Beechcraft, announced it has formally emerged from the Chapter 11 process as a new company well-positioned to compete vigorously in the worldwide business aviation, special mission, trainer and light attack markets.The...
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February 19, 2013, 07:05 AM
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Total bankruptcy filings in the United States decreased 11 percent in January over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 78,471 in January 2013, down from the January 2012 total of 88,028. Consumer...
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February 06, 2013, 06:58 AM
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Total bankruptcy filings totaled 1,185,328 nationwide for calendar year 2012 (Jan. 1-Dec. 31), a 14 percent decrease from the 1,379,658 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 1,127,540...
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January 07, 2013, 07:25 AM
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Total bankruptcy filings in the United States for the month of October increased 16% compared to September, according to data provided by Epiq Systems, Inc. October bankruptcy filings totaled 101,278, up from the 87,522 filings registered in...
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November 06, 2012, 07:04 AM
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The Las Vegas Review-Journal reported Ahern Rentals Inc. will retain sole control of its Chapter 11 bankruptcy case for another month amid continuing friction with lenders, although a judge indicated on Wednesday that would be the end.According to...
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November 01, 2012, 07:13 AM
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Total bankruptcy filings in the United States for the month of August increased 7% compared to July, according to data provided by Epiq Systems, Inc. August bankruptcy filings totaled 104,336, up from the 97,104 filings registered in July 2012. The...
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September 07, 2012, 06:42 AM
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According to an article posted on the Fitch web site, Fitch believes the city of Syracuse's objective for requesting a legal expert's opinion on municipal bankruptcy is only informational and it is unlikely that the city will pursue bankruptcy in the...
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August 10, 2012, 07:00 AM
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Leslie A. Berkoff, a partner at the Garden City and New York City law firm of Moritt Hock & Hamroff LLP, announced the release of the American Bankruptcy Institute’s (ABI) Health Care Insolvency Manual, Third Edition. Ms. Berkoff served as Co-Editor...
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August 09, 2012, 07:05 AM
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Total bankruptcy filings in the United States for July 2012 decreased 12 percent compared to the previous year, according to data provided by Epiq Systems, Inc. July bankruptcy filings totaled 97,073, down from the 110,173 filings registered in July...
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August 06, 2012, 07:48 AM
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The National Association of Credit Management's CMI fell from 54.5 to 53.4 in July. For the first time in over a year, sales fell below 60, and by a significant degree. The reading of 58.5 is worse than at any point in 2011. The new credit...
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August 01, 2012, 06:31 AM
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A report posted by the National Association of Credit Management says that the Stockton, CA Chapter 9 filing was not alone, as now two more California communities have decided to take the path of municipal bankruptcy. According to the report...
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July 13, 2012, 07:10 AM
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Bloomberg reported that Abound Solar Inc., a Loveland, Colorado-based U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to...
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June 29, 2012, 07:00 AM
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Total bankruptcy filings in the United States for May 2012 decreased 11% compared to the previous year, according to data provided by Epiq Systems, Inc. May bankruptcy filings totaled 109,392, down from the 122,836 filings registered in May...
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June 06, 2012, 08:00 AM
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Total bankruptcy filings in the United States decreased 12% in the first calendar quarter (Jan. 1 – March 31) of 2012 from the same period in 2011, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 314,583 in the first...
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April 06, 2012, 08:30 AM
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The Commercial Finance Association (CFA), together with nine other trade associations in the financial services industry, has submitted an amicus (friend of the court) brief to the United States Supreme Court in the case styled RadLAX Gateway Hotel...
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March 21, 2012, 08:15 AM
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Reuters reported CIT Group has asked a federal judge to approve a $75 million settlement proposal with former CIT shareholders in a class-action securities fraud lawsuit over actions preceding the large commercial lender's 2009 bankruptcy.According...
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March 14, 2012, 06:15 AM
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An article in the March edition of the ABI Journal concludes that the continued decline of middle-market businesses bankruptcies is no longer a trend, but instead a permanent shift to the way insolvency situations are managed in the current and...
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March 06, 2012, 07:30 AM
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