Gol reaches debt-equity deal with Abra Group for Chapter 11 exit plan | News | Flight Global: The agreement, which comes ten months after the Brazilian airline entered the formal financial restructuring process, will eliminate up to $2.55 billion in debt from the carrier’s books and see Abra receive around $950 million in new Gol equity.
Luxury California Hotel Operator Goes Bankrupt for Second Time: SC SJ Holdings LLC, which operates the Fairmont San Jose hotel, filed Chapter 11 in the US Bankruptcy Court for the Northern District of California on Tuesday with between $100 million and $500 million in assets and in liabilities.
Boy Scouts Battles Bid to Upend Bankruptcy Plan in Third Circuit: The Boy Scouts of America urged a federal appeals court to uphold a record-setting $2.46 billion sex abuse settlement, warning of immense harm to the organization and thousands of abuse survivors if the bankruptcy deal is unwound
SVB Financial Group's Chapter 11 Plan of Reorganization Becomes Effective | Morningstar: The Confirmed Plan became effective on November 7, 2024. Pursuant to the Confirmed Plan, on the Effective Date, the Company transferred certain of the Company's assets as well as those of its direct and indirect subsidiaries to a Liquidating Trust, which was established for the sole purpose of liquidating and distributing such assets
