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Allen-Vanguard put into receivership with US$80.3 million owed to Contego lenders
5+ day, 20+ hour ago (127+ words) Dina Kovacevic September 07, 2026 Allen-Vanguard Corporation and UK subsidiary Allen-Vanguard Ltd. were placed into receivership on September 1, 2026, on application by senior secured lenders Contego AV Funding II, LLC and Contego AV Funding II-A, LLC, after years of declining sales left the…...
AuctionAdvisors Announces Three Major Court-Ordered Business Liquidations Across New Jersey and New York
1+ week, 3+ day ago (449+ words) AuctionAdvisors has announced three major court-ordered business liquidation auctions taking place during September in New Jersey and New York. The sales encompass assets from Triangle Tube's former... AuctionAdvisors Announces Three Major Court-Ordered Business Liquidations Across New Jersey and New York…...
Schwebel’s Receiver Seeks to Abandon Leases
2+ week, 3+ day ago (187+ words) YOUNGSTOWN, Ohio – The receiver for Schwebel Baking Co. filed notice of plans to abandon the leases on 17 places where the bakery company operated. The locations span warehouses, retail stores and retail sales and distribution centers in Ohio, Pennsylvania and New…...
First Brands Plan Denial Gives Teeth to Bankruptcy Feasibility
2+ week, 4+ day ago (984+ words) A Texas judge’s ruling rejecting a plan for First Brands, the bankrupt auto parts giant that pinned its recovery hopes on a litigation trust, sends a caution that a liquidating Chapter 11 plan must be feasible. Judge Christopher M. Lopez of…...
Judge rejects First Brands' plan to pay down debts by pursuing lawsuits
2+ week, 5+ day ago (438+ words) Judge rejects First Brands’ plan to pay down debts by pursuing lawsuits NEW YORK (Reuters) – A U.S. bankruptcy judge on Monday rejected auto parts maker First Brands’ proposal to pay back creditors by pursuing litigation against insiders, instead converting the…...