Latest Corporate bankruptcy News

Owner of closed Boonville Hospital files for bankruptcy

Feb. 14, 2020 2:29 PM EST

BOONVILLE, Mo. (AP) — The Kansas-based owner of a Boonville hospital that abruptly closed in January has filed for Chapter 11 bankruptcy. Pinnacle Healthcare System filing for reorganization means the Boonville hospital will reopen, CEO Joe Conigliaro said in a statement Thursday, although he did not...

Wyoming, Navajo coal company, agree to liability waiver

Feb. 13, 2020 6:25 PM EST

CHEYENNE, Wyo. (AP) — Wyoming officials have reached an agreement with a Navajo tribal company that would give them authority to take the company to court as a way to enforce environmental laws at two coal mines. The agreement shows Navajo Transitional Energy Company's “serious and long-term...

Ex-mall owner in West Virginia sentenced on fraud charges

Feb. 13, 2020 4:26 PM EST

CLARKSBURG, W.Va. (AP) — A former mall owner in West Virginia was sentenced to one year and six months in federal prison Thursday for bankruptcy and tax fraud. Dietrich Fansler, 59, is the managing member of Pin Oak Properties, which operated Middletown Mall in Fairmont. Fansler filed for Chapter 11...

FILE - This Oct. 14, 2009 file photo, shows copies of the McClatchy Co. owned Miami Herald newspaper in Miami. McClatchy Co., the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country is filing for bankruptcy protection. McClatchy Co. said Thursday, Feb. 13, 2020, that it will continue to run normally as it pursues approval of its restructuring plan under Chapter 11.   (AP Photo/Wilfredo Lee, File)

Newspaper chain McClatchy files for bankruptcy protection

Feb. 13, 2020 3:07 PM EST

NEW YORK (AP) — McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks because more readers and advertisers are going online. McClatchy said Thursday that its 30 newspapers...

FILE - IN this Oct. 14, 2009 file photo, copies of the McClatchy Co. owned Miami Herald newspaper are shown in Miami.  The publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country has filed for bankruptcy protection, Thursday, Feb. 13, 2020. McClatchy Co.'s 30 newsrooms will continue to operate as usual as the publisher reorganizes under Chapter 11 bankruptcy protection.   (AP Photo/Wilfredo Lee, File)

McClatchy has 30 papers in 14 states, operations continue

Feb. 13, 2020 12:51 PM EST

McClatchy, which filed for Chapter 11 bankruptcy protection Thursday, operates 30 newspapers in 14 states. The newspapers include The Miami Herald and The Kansas City Star and will continue to operate as McClatchy reorganizes under bankruptcy protection, according to the company. The publisher’s origins...

Another West Virginia hospital announces cutbacks

Feb. 13, 2020 5:06 AM EST

CHARLESTON, W.Va. (AP) — Gov. Jim Justice on Wednesday said he's starting to form a rural medicine task force after cutbacks were announced at yet another West Virginia hospital. The Republican governor said Pleasant Valley Hospital in Point Pleasant is cutting 53 full-time jobs and shuttering obstetric...

A Pacific Gas & Electric truck leaves the company's Oakland Service Center Tuesday, Feb. 11, 2020, in Oakland, Calif. Pacific Gas & Electric's plan to emerge from bankruptcy faced another threat from California Gov. Gavin Newsom during a Tuesday court hearing that set the stage for a potentially dramatic showdown later this month. Newsom's lawyers told U.S. Bankruptcy Judge Dennis Montali they want to grill PG&E about the company's plans to borrow billions of dollars and sell more stock to help pay the $13.5 billion owed to more than 75,000 victims of catastrophic wildfires ignited by the utility's equipment and negligence. (AP Photo/Ben Margot)

California governor wants to grill PG&E about financing plan

Feb. 11, 2020 6:34 PM EST

SAN FRANCISCO (AP) — Pacific Gas & Electric's plan to emerge from bankruptcy faced another threat from California Gov. Gavin Newsom during a Tuesday court hearing that set the stage for a potentially dramatic showdown later this month. Newsom's lawyers told U.S. Bankruptcy Judge Dennis Montali they...

Leading Kentucky hemp processor files for bankruptcy

Feb. 6, 2020 7:45 PM EST

FRANKFORT, Ky. (AP) — A bankruptcy filing by a leading hemp processor strikes a “gut punch" to the fledgling industry as it tries to secure a foothold in Kentucky, the state's agriculture commissioner said Thursday. GenCanna Global USA Inc. announced it has filed a bankruptcy petition to work out a...

New task force aimed at keeping rural WVa hospitals open

Feb. 6, 2020 5:04 AM EST

CHARLESTON, W.Va. (AP) — West Virginia's governor plans to establish a task force on health care aimed at keeping rural hospitals open. Justice will outline the details and duties of the Rural Medicine Task Force in an executive order next week, his office said in a news release Wednesday. “We must...

FILE - In this Oct. 31, 2019, file photo, smoke from the Maria Fire billows above Santa Paula, Calif. A federal judge has approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy. The company cleared its latest hurdle Tuesday, Feb. 4, 2020, when U.S. Bankruptcy Judge Dennis Montali signed off on a deal to refinance billions of dollars in debt to pay off PG&E bondholders who threatened to cause problems. (AP Photo/Noah Berger, File)

PG&E clears another bankruptcy hurdle with debt refinancing

Feb. 4, 2020 6:43 PM EST

SAN FRANCISCO (AP) — A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles from the state of California. U.S. Bankruptcy Judge Dennis Montali signed off on the deal to...