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PTCT News17 articles
EchoStar's Hughes Bankruptcy: Contract Backlog Won't Cover Matured Debt
Hughes Satellite Systems filed Chapter 11 after $1.5B bonds matured. Only $406M of its $1.4B contract backlog is due within a year, leaving a funding gap.
Hardee's Franchisee Bankruptcy Reveals 33% Revenue Per Store Gap
Superior Star's bankruptcy reveals a 33% revenue per store gap compared to Hardee's average, driven by deferred maintenance and aging facilities.
Hardee's Franchisee Bankruptcy Reveals 95% Claim Concentration in Acquisition Debt
Superior Star LLC's bankruptcy reveals 94.6% of its largest unsecured claims are acquisition-related, not trade payables, threatening Hardee's revenue and bond payments.
Fort Wayne Tuffy Franchisee Files Subchapter V Bankruptcy Amid National Surge
Automotive Solutions Inc., running two Tuffy Tire & Auto Service shops in Fort Wayne, filed for Subchapter V bankruptcy on July 7, 2026, amid a 50% national surge in such filings.
Lode Gold's Fremont Mine Faces Valuation Challenges Amid Rosland Bankruptcy
Lode Gold values its Fremont mine at 3.09M ounces of gold worth $12.9B, but Rosland Capital's Chapter 11 filing and a JPMorgan price target cut underscore market headwinds.
EchoStar's Dish Bankruptcy Reveals $3.6 Billion Gap in Wireless Claims
EchoStar's Dish DBS Chapter 11 filing reveals a $3.6 billion gap between FCC trust funds and over $6 billion in disputed 5G shutdown claims.
AT&T stock plunges 5% as spectrum deal delay and bankruptcy fears weigh
AT&T dropped 5.13% to $20.70, wiping out $7.8 billion in equity, as EchoStar's Dish DBS bankruptcy and spectrum deal delays spooked investors.
Swiss Carrier Air Mountain Declares Bankruptcy, Wipes Out Over 30 Weekly Flights
Air Mountain has been declared bankrupt by the Sion court, grounding its two Beechcraft King Air B200s and eliminating over 30 weekly flights from Switzerland.
EchoStar Falls as Dish DBS Bankruptcy Looms, Convertible Note Deadline Nears
EchoStar shares fell 1.5% as Dish DBS bankruptcy reports emerge, with the June 30 conversion deadline for $1.9 billion in convertible notes adding pressure.
Exemplar Luxury Group Exits Bankruptcy with 49 Stores, $9B Target
Exemplar Luxury Group, the renamed Saks Global, exits bankruptcy with 49 stores, a $9 billion sales target, and $500 million in exit financing.
Inotiv Stock Surges on Bankruptcy Filing Despite Equity Wipeout Warning
Inotiv shares surged over 100% on massive volume after filing for Chapter 11, but the restructuring plan cancels all existing common shares with no payout, warning investors of total loss.
Bitcoin Depot Faces $76K ATM Scam Suit as Bankruptcy Looms
Bitcoin Depot is sued in Idaho for allegedly facilitating a $76,000 scam via its ATMs, while the company undergoes bankruptcy and states tighten crypto ATM regulations.
Spirit Airlines Rescue Talks Stall as Bankruptcy Hearing Postponed
Spirit Airlines postponed its bankruptcy hearing as negotiations for a $500 million U.S. government rescue continue. Flights remain operational, but creditor opposition and surging fuel costs pose risks.
QVC Files for Chapter 11 Bankruptcy to Slash $5.3 Billion in Debt
QVC Group has initiated a prepackaged Chapter 11 bankruptcy filing to cut its debt load by over $5 billion. The company plans to maintain operations for its QVC and HSN brands throughout the restructuring process.
Eddie Bauer Exits California as Store Operator Fails to Find Bankruptcy Buyer
Eddie Bauer's store operator will shutter all 13 California locations after a bankruptcy auction failed to attract a qualified buyer. The closures mark the end of the brand's physical retail footprint in the state.
QVC Group Shares Collapse Amid Bankruptcy Restructuring Talks
QVC Group stock plummeted 66% following reports of creditor negotiations that could lead to a Chapter 11 bankruptcy filing. The company carries $6.6 billion in debt.
Eddie Bauer Seeks Buyer for North American Stores Amid Bankruptcy Proceedings
Eddie Bauer is pursuing a buyer for its North American retail locations after filing for Chapter 11 bankruptcy protection in the U.S. and initiating similar proceedings in Canada. The company warns it may wind down store operations if a sale fails.