Arctic oil shipper Primorsk International Shipping Ltd. filed for chapter 11 protection with a deal with bondholders in hand. The Wall Street Journal has the Daily Bankruptcy Review article here.
(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click try for free.)
DBR reports via WSJ on the bankruptcy of a Connecticut nursing-home chain that blamed having fewer patients and a dispute with Medicaid for its troubles.
Puerto Rico is running out of money more quickly than in thought it would, WSJ reports.
A rescue plan for Atlantic City…
Read the full article at: http://blogs.wsj.com/bankruptcy/2016/01/19/primorsk-international-enters-bankruptcy-restructure-debt/