July 13, 2022
Liquidators were cleared to take discovery from the founders of foundering Three Arrows Capital, account holders of cryptocurrency broker Voyager Digital hold out hope for recovery, and mediation of sex abuse claims in the case of a New York youth club was approved. This is the week in bankruptcy.
July 07, 2022
The global collapse of cryptocurrency prices tipped two firms into bankruptcy, a New York youth club is seeking a quick mediation of sex abuse claims, and a pilot strike caused a Scandinavian airline to file for Chapter 11 earlier than expected. This is the week in bankruptcy.
July 07, 2022
Bankrupt Scandinavian airline SAS AB told a New York judge Thursday that it plans to commence mediation with a striking pilots union quickly as the labor strife is costing the company more than $10 million per day at a time when it is seeking a large Chapter 11 loan.
July 06, 2022
SAS AB, the national air carrier of Sweden, Norway and Denmark, filed for Chapter 11 protection July 5 after a labor action by the union representing more than 1,000 of its pilots forced the company to commence a bankruptcy case earlier than expected.
July 06, 2022
Forced to file for bankruptcy ahead of schedule due to a pilot strike, Scandinavian Airlines System will focus on securing final commitment for $700 million in Chapter 11 financing in the coming weeks that will help fund its case and complete a broad financial and operational restructuring.