U.S. Bankruptcy Court
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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 Buys Up Iron Hill Locations, Including One in West Chester
Jeff Crivello, the former CEO of Famous Dave’s, plans to buy ten Iron Hill Brewery & Restaurant locations, including the one in West Chester, writes…
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Malvern’s LifeScan to Shed 75 Percent Debt Through Approved Reorganization
Malvern-based LifeScan received approval from the U.S. Bankruptcy Court for its reorganization plan, writes John George for the Philadelphia Business Journal. The court approval is…
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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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Malvern-Based Baudax Bio Once Again Seeking to Extend Its Reorganization Plan Deadline
Malvern-based Baudax Bio is seeking a fifth extension on its reorganization plan deadline after filing for bankruptcy a year ago, writes John George for the…
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Exton Mall Owner PREIT Going Private After Emerging from Bankruptcy for Second Time
PREIT, the owner of Exton Square Mall, is set to go private after it emerged from bankruptcy protection for the second time in four years,…
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Malvern’s Endo International Reaches Deal to Prepare to Emerge from Bankruptcy
Endo International, the Ireland-based biopharmaceutical company with U.S. headquarters in Malvern, is on track to finally emerge from bankruptcy after reaching a deal with the…
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Malvern’s Endo International Up for Bankruptcy Auction This Summer
Malvern-based Endo International is officially up for bidding. A U.S. Bankruptcy Court has approved the auction, and bidding procedures can begin at $6 billion, writes…
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Instrumental in Saving Trapped Chilean Miners Nine Years Ago, Schramm Files for Bankruptcy
Schramm, the West Chester-based drill manufacturer that was instrumental in rescuing Chilean miners who were trapped underground nine years ago, has filed for bankruptcy and…
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After Loss of Costco as Its Largest Customer, Local Mushroom Farm Files for Bankruptcy
Oakshire Mushroom Farm in Kennett Square has voluntarily filed for Chapter 11 bankruptcy as it looks to reorganize, writes Natalie Kostelni for the Philadelphia Business…
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