Commercial Chapter 11 filings spiked 26% year-over-year in the first half of 2020 companies sought bankruptcy protections amid the economic slowdown caused by the Covid-19 pandemic, according to new data.

Bankrupt Fairway Group Holdings Corp. plans to repay its creditors using proceeds from sales of its upscale grocery stores and other assets.

Bankrupt Neiman Marcus Group Ltd. is seeking court permission to hold store closing sales at 17 of its Last Call stores, part of plans to cut back on most of its discount brand operations.

Ecuador reached a preliminary agreement with some of its largest bondholders to restructure $17.4 billion in outstanding debt, reducing the South American nation’s obligations significantly over the coming decade.

Intelsat SA agreed to continue providing satellite services to bankrupt telecom provider SpeedCast International Ltd. and waive its $44 million unsecured claims.

U.S. Bankruptcy Judge Michael Wiles in a hearing Monday says he’ll wait until this week’s auction for McClatchy Co. concludes before ruling on whether junior creditors can sue for claims including breach of fiduciary duty.

The Internal Revenue Service lost its bid to collect a $93,000 tax penalty from a bankrupt debtor after a federal appeals court said he didn’t violate filing requirements in sending his claim objection only to the IRS.