Bankrupt Lordstown Motors proposes zero payment for Foxconn shares | Reuters - After successfully filing their Chapter 11 plan last week, Lordstown Motors has now.
A U.S. bankruptcy judge on Wednesday
approved Party City Holdco s Chapter 11 bankruptcy plan, which
will cancel about $1 billion in company debt and turn all of its
equity value over to its lenders.
.
Party City set to exit bankruptcy with $1 billion debt reduction reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
(Reuters) -A U.S. bankruptcy judge on Wednesday approved Party City Holdco's Chapter 11 bankruptcy plan, which will cancel about $1 billion in company debt and turn all of its equity value over to the retailer's lenders. Party City attorney Ken Ziman said at a court hearing in Houston that the party supplies retailer will emerge from bankruptcy as a stronger business, closing just a "handful" of its approximately 800 stores and preserving thousands of jobs. U.S. Bankruptcy Judge David Jones signed off on the restructuring deal while acknowledging the poor outcome for individual shareholders whose shares will be wiped out.
By Dietrich Knauth (Reuters) - A U.S. bankruptcy judge on Wednesday approved Party City Holdco's Chapter 11 bankruptcy plan, which will cancel about $.