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After winning breathing room with its bankers to look for additional funding earlier in December, Lion said it failed to raise any cash and was now in default on debt repayments.

ATP is one of the largest owners in Northvolt with a stake of about 5%. The value of that holding “probably won’t be very far from zero.”

A judge approved adding independent directors to Kal Freight’s board after the bankrupt trucking firm was accused of double-pledging its trucks as collateral to obtain financing.

Germany will assume more than 600 million euros ($629 million) of debt that its development bank extended to Northvolt AB for the construction of a battery plant in the country.

The current debtor-in-possession financing plan could risk a lawsuit down the road, Judge Craig T. Goldblatt told lenders at a Nov. 19 hearing in Delaware.

A judge may rule as soon as Nov. 15 on the fate of $6.5 billion in pension claims from bankrupt Yellow Corp. retirees.

American Tire Distributors, which sought bankruptcy protection in 2018 after the defection of two major manufacturers, has filed for Chapter 11 again as it considers a sale process to cut debt.

Bankrupt carrier Yellow Corp. and its hedge fund owners lost a court ruling over $6.5 billion in debt that pension funds claim the defunct company owes them.

The administrators are disputing the size of withdrawal liability claims from Central States Pension Fund and other multiemployer pension funds.

Defunct cargo hauler Yellow Corp. may put its remaining cargo terminals and other vacant properties into a real estate investment trust that could be used to raise money for creditors.