Chapter 11 bankruptcy News

Plants Cropping Up in Lost Michigan Lakes Where Dams Failed

LANSING, Mich. — Nature is returning to craters left from lakes drained by two dams that failed in May during torrential rain in mid-Michigan. But not always in a good way. “Shortly after the water receded, you could look out …

Bankrupt Philadelphia Refinery Expects Second Insurance Payment

Insurers of Philadelphia Energy Solutions (PES) have indicated they will make a second payment of $15 million from its property policy in connection to the June fire and subsequent shutdown of the plant, court documents showed. The payout will be …

PG&E Faces Fresh Pain as Old Fire Claims Return to Haunt It

Seven months after a state agency absolved PG&E Corp. of blame for a deadly 2017 wildfire, the utility giant faces the potential of billions in new legal liabilities — and it’s unclear how it would pay for them. Despite the …