U.S. Bankruptcy Court
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QVC Group’s Preferred Shareholders Challenge $6.6 Billion Debt Restructuring Plan in Texas Court
A battle over the future of West Chester-based QVC Group is playing out in a Texas courtroom, where a group of preferred shareholders are fighting…
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Two Investment Firms Plan to Own Sizable Stakes in Restructured QVC Group
Silver Point Capital and Strategic Value Partners, both investment firms based in Greenwich, Connecticut, will hold sizable stakes in QVC Group after the West Chester-based…
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West Chester’s QVC Group to File for Bankruptcy, Plans 90-Day Restructuring
Amid ongoing efforts to manage $6.6 billion in debt, West Chester-based QVC Group has announced plans to file for Chapter 11 bankruptcy protection, writes Jeff Blumenthal for…
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Prospect Medical Asks Court Permission to Dispose of Patient Records
Prospect Medical Holdings is seeking court approval to dispose of 470,000 patient records and save itself $350,000 a year in annual storage costs, writes John…
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Former Famous Dave’s CEO Targets Multiple Iron Hill Brewery Sites, Including Newtown Location
Jeff Crivello, the former CEO of Famous Dave’s, plans to buy ten Iron Hill Brewery & Restaurant locations, including the one in Newtown, writes Emma…
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$13.5M Bids Accepted for Crozer-Chester, Springfield Hospitals
There are two hospital buyers for the closed Crozer-Chester Medical Center and Springfield Hospital, writes John George for the Philadelphia Business Journal. Following a Friday…
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After Closing All Locations, Including West Chester and Exton, Iron Hill Officially Files for Bankruptcy
After closing all its locations last month, including West Chester and Exton, and after nearly three decades in business, Iron Hill Brewery & Restaurant has…
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Here’s What’s in Store for Customers as Rite Aids Close in the Region
For a second time, Rite Aid has filed for bankruptcy, and this time, it is closing all of its approximately 100 stores in the region,…
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Chester’s Plan Out of Bankruptcy Taps Public Utility Assets
The City of Chester can move beyond bankruptcy by generating annual revenue from its water, wastewater and stormwater assets, while keeping those assets in public…
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Springfield Mall Owner Files for Chapter 11 Bankruptcy Protection
PREIT, owner of the Springfield Mall and other regional malls, is staring at $1.1 billion in debt and has voluntarily filed for Chapter 11 bankruptcy…
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Federal Judge Weighs in on State Decision to Declare Chester Bankrupt
The state’s decision to take over the financially-distressed city of Chester was a proper course of action, ruled a federal judge this week over the…
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Decline in Oil Prices Forces Radnor Company to File for Bankruptcy
The recent, dramatic decline in oil and natural gas prices has forced Radnor’s Penn Virginia Corp., one of the region’s oldest surviving business, to file…
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