Cumulus filed for Chapter 11 bankruptcy on Thursday (March 5), with the radio company citing the rise of streaming and $600M ...

Genesis HealthCare is asking a federal court for permission to pay nearly $10 million in executive and employee performance bonuses as it navigates the remaining weeks of bankruptcy proceedings.

The plan would give debtholders full ownership of the reorganized company and provide $50 million in new convertible notes.— This story first appears at TheDesk.net, a premium source for original news ...

Cumulus Media, an audio entertainment company which owns 394 radio stations, a radio syndication business and a podcast network, has filed for bankruptcy protection in Texas with ​a restructuring deal ...

The filing is built around a “ debtor in possession ” financing mechanism, which is when a debtor “keeps possession and ...

If a debtor can pay all the money it promised to pay, should it be required to do so, despite having filed for bankruptcy? Three federal courts of appeals have said yes, but there was a dissent in ...

A federal bankruptcy judge has set a trial date for former Colorado football player Shilo Sanders, who is trying to get out ...

Bankruptcy can offer a fresh financial start, but there are complex rules on how often you can file for relief.

While Chapter 11 does not require debtor insolvency, it does require good faith (applicable to the petition and the plan), which for solvent debtors seeking to reject and modify lease-counterparty ...