Under The Radar: Bankruptcy News You May Have Missed
A Texas oil and gas driller is seeking permission to sell its oilfields, while the U.S. Trustee's Office is looking to shut another oil producer's yearslong Chapter 11 down, and creditors of a bankrupt medical implant maker are alleging the debtor's bankruptcy financing and sale plans are a way for its private equity sponsor to weasel out of product liability claims.
Behind EV Battery Maker Northvolt's $5B Ch. 11
Swedish electric vehicle battery manufacturer Northvolt AB, which once had the ambition to power-up Europe's electric vehicle manufacturing industry and had secured contracts from automakers like Porsche, Audi and BMW, descended into Chapter 11 after failing to scale up its production and falling victim to slowing sales, according to its bankruptcy filings.
Not Just COVID, Rapid Expansion Drove CareMax's Ch. 11
Pressures from rising operational costs, the lingering effects of the COVID pandemic, and inflation have all contributed to CareMax Inc.'s recent filing for Chapter 11, but it also found itself in a challenging healthcare environment that made it difficult for the company specializing in senior care to keep up with its rapid expansion.
Under The Radar: Bankruptcy News You May Have Missed
A Texas oil and gas driller is seeking permission to sell its oilfields, while the U.S. Trustee's Office is looking to shut another oil producer's yearslong Chapter 11 down, and creditors of a bankrupt medical implant maker are alleging the debtor's bankruptcy financing and sale plans are a way for its private equity sponsor to weasel out of product liability claims.
Behind EV Battery Maker Northvolt's $5B Ch. 11
Swedish electric vehicle battery manufacturer Northvolt AB, which once had the ambition to power-up Europe's electric vehicle manufacturing industry and had secured contracts from automakers like Porsche, Audi and BMW, descended into Chapter 11 after failing to scale up its production and falling victim to slowing sales, according to its bankruptcy filings.
Not Just COVID, Rapid Expansion Drove CareMax's Ch. 11
Pressures from rising operational costs, the lingering effects of the COVID pandemic, and inflation have all contributed to CareMax Inc.'s recent filing for Chapter 11, but it also found itself in a challenging healthcare environment that made it difficult for the company specializing in senior care to keep up with its rapid expansion.
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