1. April 01, 2024

    BlockFi-FTX Deal Gets OK, Chile Telecom Co. Hits Ch. 11

    Cryptocurrency giants FTX and BlockFi have gotten approval from a court on a deal to end their disputes, Yellow Corp's fight with federal pension regulators will stay in bankruptcy court and Chile's largest phone and internet provider has hit Chapter 11. This is the week in bankruptcy.

  2. March 28, 2024

    Fruit Grower Cleared To Leave Ch. 11 With $43M Exit Loan

    California stone fruit producer Prima Wawona is set to wind down its packing and distribution division, hand ownership of the reorganized company to creditors and leave bankruptcy after a Delaware bankruptcy judge agreed to approve its Chapter 11 plan Thursday.

  3. March 27, 2024

    Fruit Grower And Landlord Agree To Ch. 11 Settlement

    Fruit producer Prima Wawona reached a deal with the lone objector to its second Chapter 11 liquidation plan Wednesday, clearing the way for the company to get another bite at the apple after its plan was initially voted down by creditors.

  4. March 25, 2024

    Creditor Says Fruit Grower Can't Cover Ch. 11 Expenses

    A creditor of fruit producer Prima Wawona is asking a Delaware bankruptcy court to reject the company's Chapter 11 plan, saying it does not provide for the payment of nearly $5.3 million in workers' compensation expenses and other post-bankruptcy debts.

  5. February 16, 2024

    Fruit Grower Gets OK For $11M DIP Draw After Lender Deal

    Bankrupt fruit producer Prima Wawona received interim approval Friday for an $11 million draw on its $22 million in Chapter 11 financing after saying it had reached a deal with objecting lenders on the financing and was working on a deal for its overall bankruptcy plan.

  6. February 13, 2024

    Fruit Co. Seeks $122M Private Sale To Avoid Ch. 11 Auction

    California stone fruit producer Prima Wawona has asked a Delaware bankruptcy court to approve a streamlined credit bid sale rather than force it to face the uncertainties of a Chapter 11 auction, given the company's urgent need to address its financial situation.

  7. January 29, 2024

    Fruit Co.'s Ex-CEO Calls Ch. 11 Deal A 'Manipulation' Tactic

    The former CEO of stone fruit producer Prima Wawona objected Monday to the company's recent proposal for a settlement fast-tracking its insolvency case, telling Delaware's bankruptcy court it violates protocols and is an attempted "manipulation" of the Chapter 11 process.

  8. January 17, 2024

    Fruit Grower Gets OK For $22M DIP To Wrap Up Ch. 11

    Bankrupt fruit producer Prima Wawona can access $6 million of a $22 million debtor-in-possession loan after it was able to strike a deal squashing objections from prepetition lenders and the official committee of unsecured creditors during a Wednesday hearing in Delaware bankruptcy court.

  9. January 16, 2024

    Fruit Producer's Prepetition Lenders Object To $22M DIP Loan

    Rabobank and Royal Bank of Canada, prepetition lenders for Prima Wawona, have asked a Delaware bankruptcy judge to deny the stone fruit grower's motion to go ahead with $22 million in new debtor-in-possession financing, alleging the arrangement would upend the priority of their prepetition loans.

  10. January 09, 2024

    Fruit Grower Seeks $22M DIP To Fund Ch. 11

    With its cash expected to run out by the third week of January, stone fruit producer Prima Wawona asked a Delaware bankruptcy judge this week to approve a $22 million debtor-in-possession loan from some of its prepetition lenders.