Latest Corporate Bankruptcy News

UAW: Colt Must Protect Union Contract Through Bankruptcy
The United Auto Workers union raised an objection in the Colt bankruptcy case because the company did not say that any new owner would have to honor the union contract, which runs through March 2019. The collective bargaining agreement, which covers …
Read more on Hartford Courant

Rick Hendrick also named in bus company's bankruptcy lawsuit
It all stems from the bus company DesignLine, which has now gone bankrupt. An investigator working to find out where DesignLine's money went is now trying to get some of it back for creditors and is suing more than a dozen companies that did business …
Read more on WSOC Charlotte

KKR's Samson Resources to file for bankruptcy
KKR & Co.'s Samson Resources Corp. plans to file for chapter 11 bankruptcy protection by mid-September after finalizing a restructuring plan with key lenders Friday. The filing would represent the biggest corporate casualty yet of a slump in oil and …
Read more on MarketWatch

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