Chesapeake Energy Corp is preparing to file for bankruptcy as soon as this week, said three people familiar with the matter, becoming the largest oil and gas producer to unravel after an energy market rout caused by the coronavirus outbreak. The Oklahoma City-based company, co-founded by the late wildcatter Aubrey McClendon, is in the final […]

The company, which operates the Hertz, Dollar and Thrifty car-rental brands, had been holding talks with creditors after missing significant car-lease payments in April. Forbearance and waiver agreements on the missed payments were set to expire on Friday. Hertz did not immediately respond to a request for comment.

Hertz Global Holdings Inc. (NYSE: HTZ) dropped nearly 24% in after-hours trading on Monday as multiple reports suggested the company is nearing a bankruptcy filing.What HappenedThe car rental company has hired an additional advisor to help prepare for a planned bankruptcy filing, according to The Wall Street Journal.FTI Consulting Inc. was engaged by Hertz to […]

McDermott is discussing a restructuring plan in which its debt could be converted into equity, with its group of lenders getting the majority of the shares, the report said. Unsecured creditors would receive less than 10% of the equity along with warrants, according to one of the people cited in the Bloomberg report.

Oilfield services provider McDermott International Inc is preparing to file for bankruptcy as soon as next week, Bloomberg reported on Friday, citing people with knowledge of the matter. McDermott is discussing a restructuring plan in which its debt could be converted into equity, with its group of lenders getting the majority of the shares, the […]

Unidentified Aerial Phenomena-Scientific Research–Keith Basterfield Keith Basterfield continues digging into old places for more UFO information, and reports here upon another “find.” From what he says about this Royal Australian Air Force file, it could be “very interesting” indeed to see its contents. With The 9 December Paco Chierici Interview on the Hidden Truth Show […]

(Bloomberg) — McDermott International Inc. is in discussions with lenders about providing a $2 billion bankruptcy loan, ahead of a Chapter 11 filing that could come in the next few weeks, according to people with knowledge of the matter.The Houston-based engineering and construction firm is negotiating with a group including Baupost Group LLC and HPS […]

He's already filed lawsuits against journalists, stone fruit farmers, and fake cows on Twitter, so what's another court case?On Sunday, Rep. Devin Nunes (R-Calif.) said he will soon sue CNN over a report published Friday that ties him to former Ukrainian Prosecutor General Victor Shokin. Shokin was ousted from his position in 2016, during an […]

The number of pharmaceutical and biotechnology companies seeking Chapter 11 protection has nearly tripled the 10-year average in 2019 and is expected to continue to rise Continue reading…

The parents of a Georgia Tech student killed by a campus police officer two years ago have filed a wrongful death lawsuit against the school, the university system and the officer. Authorities have said university police officer Tyler Beck fatally shot 21-year-old Scott “Scout” Schultz on Sept. 16, 2017. The federal lawsuit filed Wednesday by […]