Bankruptcy News

NEW YORK--(BUSINESS WIRE)--Clearside Biomedical, Inc. (“Clearside” or the “Company”) today announced that it has completed its financial restructuring and emerged from Chapter 11. All conditions to the effectiveness of the Company’s plan of reorganization (the “Plan”), as confirmed by the United States Bankruptcy Court for the District of Delaware, have been satisfied or waived, and the Plan became effective on the closing date. The Plan was sponsored by Steel Partners, Ltd. (“Steel Partners”),...

WEST LAFAYETTE, Ind.--(BUSINESS WIRE)--Inotiv, Inc. (NASDAQ: NOTV) (the “Company”, or “Inotiv”), a leading Contract Research Organization specializing in nonclinical and analytical drug discovery and development services and research models and related products and services, announced today that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company’s Plan of Reorganization (the “Plan”). With this approval in place, the Company expects to emerge from Chapter 11 p...

NEW YORK--(BUSINESS WIRE)--Certain bondholders of the Puerto Rico Electric Power Authority (“PREPA”) today issued the following statement: As the tenth year of the Puerto Rico Electric Power Authority (“PREPA”) bankruptcy commences, five points remain clear: (1) the Financial Oversight and Management Board (“FOMB”) continues to pursue an approach that does not account for the legal rights of PREPA’s bondholders or the overwhelming evidence that repayment can be achieved with fair and reasonable...

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (“OPI” or the “Company”) today announced that it has successfully completed its financial restructuring and has emerged from Chapter 11. OPI achieved its objectives to strengthen its balance sheet, reduce debt, and position the Company for long-term operational stability. Pursuant to OPI’s Chapter 11 Plan of Reorganization confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on April 22, 2026, OPI entered into t...

WAYNE, Pa.--(BUSINESS WIRE)--Trinseo PLC (the “Company” or “Trinseo”) (OTCM: TSEOF), a specialty material solutions provider, has today taken the next step to implement the pre-packaged restructuring plan described in the previously announced Restructuring Support Agreement (“RSA”) with parties that hold a significant majority of its debt. The transactions contemplated under the RSA will reduce Trinseo’s debt by approximately $2.0 billion and reduce its annual interest expense by approximately...

MIAMI & INDIANAPOLIS--(BUSINESS WIRE)--GXD Labs and EquitiesFirst Announce Resolution of Claims Relating to Celsius Bankruptcy Estate...

WILMINGTON, Del.--(BUSINESS WIRE)--The LYCRA Company completes financial restructuring, emerges from Chapter 11 with reduced debt and new capital to drive innovation and global growth....

NEW YORK--(BUSINESS WIRE)--Evvy, the precision women's health company, today announces the launch of EvvyAI: an AI advisor that translates Evvy's proprietary vaginal microbiome science into personalized, real-time guidance for every user. Vaginal discomfort is one of the leading reasons women seek healthcare advice — yet the information available remains fragmented and unreliable. Women navigating chronic infections, fertility, and menopause are left sorting through generic clinical guidance, u...

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--West Marine, Inc. (together with its subsidiaries and affiliates, “West Marine” or the “Company”), the nation's leading omni-channel provider in the marine aftermarket, today announced that it has entered into a Restructuring Support Agreement (“RSA”) with the support of its key financial stakeholders, including 96.2% of its term loan lenders, 100% of its FILO lenders, and 93.9% of its equity holders, to pursue a comprehensive restructuring transaction th...

WAYNE, Pa.--(BUSINESS WIRE)--Trinseo PLC (the “Company” or “Trinseo”) (OTCM: TSEOF), a specialty material solutions provider, today announced that it entered into a Restructuring Support Agreement (the “RSA”) with parties that hold a majority of its debt. This binding agreement will significantly reduce Trinseo’s debt obligations, strengthen its balance sheet and improve its long-term financial health. No concessions from employees, customers, vendors, or suppliers are part of this agreement. B...