​Turner Development, LLC, a real estate development company based in the Washington, D.C., metro area, seeks bankruptcy protection.​

Chapter 11 bankruptcy allows a company to reorganize its debts and business operations under court supervision while continuing to operate. In connection with the filing, IPIC said it issued notices to employees under the federal Worker Adjustment and Retraining Notification Act, commonly known as the WARN Act.

Brazilian carrier Azul has emerged from Chapter 11 bankruptcy protection after nine months, having shed $3 billion in liabilities and secured financial backing from both American Airlines and United Airlines.

Axip Energy Services LP, a Houston-based natural gas compression provider, is heading through Chapter 11 while trying to keep the field work humming. The company has kicked off a court-supervised sale process and says the restructuring is designed to keep employees, customers and vendors whole while it hunts for the best bid.

Axip Energy Services, along with its six affiliates, has filed for voluntary petitions seeking relief under Chapter 11 of the Bankruptcy Code of U.S.

The agreement is a signal the beleaguered carrier is preparing to emerge from its second Chapter 11 process in the past 15 months.

Reston-based higher education tech company Ellucian announced it had completed its acquisition of Anthology‘s Student Information Systems (SIS) and Enterprise Resource Planning (ERP) business through a Chapter 11 bankruptcy process. However, Anthology ...