Bankruptcies

Pacific Drilling Bankruptcy: Houston-Based Oil & Gas Drilling Co. Files for Chapter 11

Houston-Based Pacific Drilling Bankruptcy Owed to Oil Industry Slump

Pacific Drilling Bankruptcy Owed to Industry Slump Houston-based offshore oil and gas drilling company, Pacific Drilling SA (OTCMKTS:PACDF), has filed for Chapter 11 bankruptcy as it looks to restructure its debt. The Pacific Drilling bankruptcy is owed to the oil and gas industry’s ongoing slump. Pacific Drilling has sought bankruptcy protection at the U.S. Bankruptcy (more…)

XCOR Aerospace Bankruptcy: Mojave, California-Based Rocket Builder Files for Chapter 7

XCOR Aerospace Goes Bankrupt

XCOR Aerospace Files for Chapter 7 Bankruptcy Rocket engine manufacturer XCOR Aerospace, Inc. has filed for Chapter 7 bankruptcy as it exits the aerospace industry for good. The Mojave, California-based company is wrapping up all operations and heading for liquidation. XCOR Aerospace’s bankruptcy underscores the company’s ongoing financial troubles, which were exacerbated after the company failed (more…)

The Weinstein Company Bankruptcy Threat Looms: Allegations Against Harvey Weinstein Push Studio into Financial Crisis

Bankruptcy Ahead for The Weinstein Company?

Bankruptcy looms for The Weinstein Company Inc. unless the embattled film company can secure a financial lifeline. Over the last six weeks, The Weinstein Company has lost business partners, board members, and creative talent in the wake of a litany of sexual harassment and abuse allegations leveled against co-founder Harvey Weinstein. Weinstein has been accused (more…)

Cantrell Drug Co. Bankruptcy: Little Rock, Arkansas Drugmaker Files for Bankruptcy

Cantrell Drug Co. bankruptcy

Cantrell Drug Co. Bankruptcy Announced After FDA Suspends Drugmaker’s Production Little Rock, Arkansas-based drugmaker Cantrell Drug Company has filed for Chapter 11 bankruptcy after the Food and Drug Administration (FDA) suspended the drugmaker’s right to manufacture and ship drugs. Cantrell Drug Co.’s bankruptcy brings to light its $7.46 million debt load, which the company promises not (more…)

ExGen Bankruptcy: Low Energy Prices Force Exelon’s Texas Subsidiary into Bankruptcy

ExGen bankruptcy

Growing Debt Load Triggers ExGen Bankruptcy The Texas-based subsidiary of giant utility company Exelon Corporation (NYSE:EXC) has filed for Chapter 11 bankruptcy. Illinois-based Exelon’s ExGen Texas Power LLC has ended up seeking a bankruptcy court’s protection in the midst of its growing debt burden. ExGen’s bankruptcy will allow parent Exelon to retain one key asset (more…)