News

Chapter 11 bankruptcy filings increased 22% year over year in January, while small business filings, captured as Subchapter V elections within Chapter 11, increased 43%, according to Epiq Bankruptcy.

Cano Health initiated prearranged voluntary Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware. It also received a commitment for $150 million in new debtor-in-possession financing from certain of its existing secured lenders.

Gordon Brothers was engaged to sell by private treaty more than $85 million of inventory and the assets of two 775,000-square-foot fulfillment centers on behalf of Zulily ABC, a U.S.-based online retailer that specializes in the sale of apparel and...

The Baltimore Division of the District of Maryland of the U.S. Bankruptcy Court approved the sale of Tessemae’s to PANOS Brands. Tessemae’s filed for Chapter 11 bankruptcy protection on Feb. 1, 2023, with Aurora Management Partners appointed financial advisor to...

Essex Realty Group, a company that specializes in the sale of investment real estate in Chicago, launched Essex Capital Markets, which will provide debt and equity solutions to clients in the middle market and institutional space for all property types.

Small businesses and legal and compliance professionals are increasing their levels of readiness to comply with new U.S. beneficial ownership reporting requirements, according to the results of a new poll by Wolters Kluwer CT Corporation.

Citizens Business Conditions Index rose to 51.8 in Q4/23, supported by continued resilience in the labor market and consumer trends. The second consecutive quarterly reading above 50 indicates that the U.S. economy exited 2023 with momentum.

Oxford Commercial Finance, a subsidiary of Oxford Bank, recorded $64 million in funding for small and mid-sized businesses in 2023, its first full year in business.

Blue Bridge Financial, an independent commercial equipment finance company, closed a one-year extension of its $135 million revolving credit facility with DZ BANK.

B. Riley Securities, a middle-market investment bank and subsidiary of B. Riley Financial, served as the exclusive financial advisor to AdCellerant in connection with its strategic investment from Clearview Capital.