Chapter 11 News

PG&E Says Bankruptcy Court Approves its Chapter 11 Reorganization Plan

PG&E Corp said its Chapter 11 reorganization plan has been confirmed by the United States Bankruptcy Court for the Northern District of California, bringing the power provider one step closer to emerging from bankruptcy and participate in a state-backed wildfire …

California Regulator Approves PG&E’s Chapter 11 Reorganization Plan

PG&E Corp said on Thursday its Chapter 11 reorganization plan has been confirmed by a California power regulator, bringing the power provider one step closer to emerge from bankruptcy and participate in a state-backed wildfire fund. The decision by the …

PG&E Judge Rejects Bid to Throw Out Victims’ Bankruptcy Vote

The judge overseeing PG&E Corp.’s bankruptcy rejected an effort by dissident fire victims to upend voting on the California utility’s reorganization plan. Judge Dennis Montali said during a hearing Friday that he planned to deny a motion asking to throw …

PG&E Victims Lawyers’ Squabble Could Slow Bankruptcy Exit

PG&E Corp.’s glide toward approval of its bankruptcy plan has hit new turbulence, with lawyers for fire victims clashing over whether to push for a better settlement because the risk of being compensated with stock has ballooned. Attorneys for the …

PG&E Plan Has Broad Support From Fire Victims, Lawyers Say

Lawyers for more than half the wildfire victims who negotiated a $13.5 billion settlement with PG&E Corp. say their clients plan to vote overwhelmingly in favor of the bankrupt utility’s reorganization plan. The attorneys represent about 40,300 of the estimated …

PG&E Agrees to More State Control If It Gets Into Trouble Again

PG&E Corp. said it’s open to a proposal that would let California regulators take greater control of the company if it gets into trouble again, largely conceding to one of Gov. Gavin Newsom’s demands for the utility to exit bankruptcy. …

PG&E Faces Record Fine of $2.1 Billion for Role in Wildfires

California regulators increased penalties against PG&E Corp. to $2.1 billion for violations tied to the catastrophic wildfires ignited by the company’s power lines in 2017 and 2018. The penalty would be the largest ever imposed by the California Public Utilities …

Sex Abuse Cases Push Harrisburg Catholic Diocese into Bankruptcy

The Roman Catholic Diocese of Harrisburg, facing sex abuse claims it says it may not be able to pay, filed for bankruptcy protection, citing changing laws and an increasing number of victims. The church “has struggled to remain financially viable …

Sex Abuse Claims Drive Boy Scouts of America to Bankruptcy

The Boy Scouts of America sought bankruptcy protection to cope with a rising tide of claims tied to sexual abuse of children in its ranks. The group filed in Delaware early Tuesday under Chapter 11 of the U.S. bankruptcy code, …

PG&E Wins Court Sign-Off on Fire Deals, Now Faces Governor

PG&E Corp. won court approval for two multibillion-dollar wildfire settlements that will serve as the centerpiece of the bankrupt utility giant’s restructuring plan. It’s still working on winning over California’s governor. On Tuesday, the judge overseeing PG&E’s Chapter 11 case …