Distressed

Kabbage Inc, a servicer of Paycheck Protection Program (PPP) loans issued during the coronavirus pandemic that does business as KServicing, kicked off its bankruptcy to complete an orderly wind down that began two years ago, when American Express Company (AmEx) acquired Kabbage’s legacy business as a small business-focused financial technology company.

label_outline Debtwire Distressed Financial Services

Cineplex, a Canadian movie theater operator that obtained a USD 955m court judgment over Cineworld plc’s alleged breach of a merger agreement among the two companies, came up short today (28 September) on its effort to allow an appeal of the contract dispute to continue while Cineworld is under Chapter 11 protection.

label_outline Debtwire Consumer & Retail Distressed
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