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Breitburn Energy Partners LP cleared a major hurdle in its Chapter 11 proceedings on Wednesday after a New York bankruptcy judge approved its disclosure statement and a crucial backstop agreement following an 11th-hour deal with creditors, even as sh read more

Radio giant Cumulus Media Inc. on Wednesday filed for Chapter 11 bankruptcy in New York federal court, saying it plans to reduce its debt by more than $1 billion but does not intend to seek debtor-in-possession financing because it has ample cash on read more

The bankruptcy plan administrator for Gawker Media LLC said Wednesday that efforts made by billionaire Peter Thiel to impede a probe into his funding of litigation that brought down the defunct gossip news website should be denied along with a bid to read more

Key Safety Systems Inc., the prospective purchaser of bankrupt Takata Corp.’s assets, told the Sixth Circuit on Tuesday that a lower court erred by not forcing an AIG unit to pay for post-judgment interest after KSS lost a $4.3 million product read more

Toys R Us Inc. on Tuesday asked a Virginia bankruptcy court for permission to delay for three months decisions on which store leases to maintain so that all of its locations can remain open during the holiday season, while the U.S. Trustee blasted th read more