Bankruptcy News Updates

BusinessTechnologyEquipmentFuelLogisticsFor-Hire

Nikola Bankruptcy Leaves Truck Buyers Scrambling

Some customers have secured the fuel their tractors need. Others parked the trucks as court proceedings play out. All continue to work the phones in search of more amenable solutions.

July 3, 2025
GovernmentBusinessLogistics

Del Monte Foods Files for Bankruptcy

Del Monte Foods filed for bankruptcy, less than a year after executing a controversial debt restructuring.

July 2, 2025
BusinessEquipmentLogisticsFor-Hire

8 Additional Ex-Yellow Terminals Find New Owners

The sale of the properties follows the disposal of seven facilities via private sale in May as the administrators attempt to unload as many terminals as possible.

June 18, 2025
BusinessTechnologyEquipmentFuel

Nikola Administrators Plan Final Asset Sale — the IP

Bankrupt Class 8 hydrogen fuel cell tractor manufacturer Nikola’s administrators are finalizing plans for the sale of the company's intellectual property.

June 17, 2025
GovernmentBusinessEquipment

Marelli Wins Approval for $518.9M Bankruptcy Loan

The loan, which is being provided by Deutsche Bank and other senior Marelli lenders, will need to be approved in two stages, which is typical in large corporate bankruptcy cases.

June 12, 2025
GovernmentBusinessEquipment

Auto Parts Supplier Marelli Blames Tariffs for Bankruptcy

Marelli Holdings filed bankruptcy in the U.S., saying its latest debt-cutting effort was prompted by tariffs.

June 11, 2025
GovernmentBusinessTechnology

Northvolt Cuts Workforce to 1,700 as Part of Bankruptcy

Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be laid off.

March 31, 2025
BusinessEquipmentLogisticsFor-Hire

Yellow Creditors Push Plan to End Bankruptcy Case

Creditors of defunct trucking firm Yellow Corp. will submit their own plan in coming days on how to split up the company’s remaining $550 million of cash and end its bankruptcy case.

March 17, 2025
BusinessTechnologyEquipmentFuel

Nikola’s Bankruptcy Sale Nears Critical March 17 Deadline

If no suitable bids arrive by the stalking horse deadline, court documents indicate that an auction will take place April 7. The court said it would make public the results on April 10.

March 14, 2025
GovernmentBusinessEquipmentFor-Hire

Court Nixes Teamsters’ WARN Claims Against Yellow

Judge Craig Goldblatt on Feb. 26 found Yellow to be a “liquidating fiduciary,†rather than an employer, at the time it laid off unionized employees.

February 28, 2025