To access this content, a subscription to Bankruptcy Authority is required.
Ch. 11 Filings Surge In March, While Small Biz Filings Flat
A new report shows that Subchapter V filings have leveled off after the debt limit for the streamlined restructuring method was reduced in June, as experts warned that the lower threshold could push businesses to either more expensive Chapter 11 filings or out of business.
Meet The Attys Helping InvaTech Recuperate In Ch. 11
InvaTech Pharma Solutions LLC, a New Jersey-based developer of generic prescription drugs, has hired attorneys from Genova Burns LLC to help it through a Chapter 11 process while it seeks to handle a debt burden tied to loan terms that inhibited its acquisition of capital.
Catching Up With New Bankruptcy Case Action
Oregon whiskey producer House Spirits Distillery filed a Chapter 11 petition in Delaware, citing a post-COVID slump in alcohol demand and excess inventory. Customer loyalty platform Kognitiv also launched a Chapter 11 case in Delaware, reporting more than $10 million in liabilities and planning to sell its assets to a competitor. Meanwhile, fintech company Solid Financial Technologies sought bankruptcy protection following years of fraud allegations.
Ch. 11 Filings Surge In March, While Small Biz Filings Flat
A new report shows that Subchapter V filings have leveled off after the debt limit for the streamlined restructuring method was reduced in June, as experts warned that the lower threshold could push businesses to either more expensive Chapter 11 filings or out of business.
Meet The Attys Helping InvaTech Recuperate In Ch. 11
InvaTech Pharma Solutions LLC, a New Jersey-based developer of generic prescription drugs, has hired attorneys from Genova Burns LLC to help it through a Chapter 11 process while it seeks to handle a debt burden tied to loan terms that inhibited its acquisition of capital.
Catching Up With New Bankruptcy Case Action
Oregon whiskey producer House Spirits Distillery filed a Chapter 11 petition in Delaware, citing a post-COVID slump in alcohol demand and excess inventory. Customer loyalty platform Kognitiv also launched a Chapter 11 case in Delaware, reporting more than $10 million in liabilities and planning to sell its assets to a competitor. Meanwhile, fintech company Solid Financial Technologies sought bankruptcy protection following years of fraud allegations.
Expert Analysis
The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must ... (more story)
Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me t... (more story)
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may ... (more story)
Large Cap More
The bankrupt U.S. subsidiary of Indian tech giant Byju's has filed a suit alleging the company's founder had a direct hand in the disappearance of $533 million in company assets prior to its Chapter 11 filing.
A Texas federal district court agreed to preside over a suit brought by the U.S. Trustee's Office to make Jackson Walker LLP forfeit fees from more than 30 cases overseen by a former bankruptcy judge who was r... (more story)
A Florida federal judge denied a bid to disqualify Carlton Fields in a $500 million lawsuit over the ownership of the company that runs the Miss America pageant, saying such a remedy is extraordinary, and that... (more story)
A U.S. Department of Justice memo outlining the Trump administration's cryptocurrency policy and enforcement priorities has not prompted prosecutors to alter their $40 billion criminal fraud case against Terra... (more story)
Florida business law firm Gunster has added a new shareholder with expertise in complex commercial litigation, bankruptcy law and creditors' rights matters to its Orlando office from Byrd Campbell PA.
A New York bankruptcy judge on Thursday approved Purdue Pharma's request to appoint claims administrators and begin processing the tens of thousands of claims against the drugmaker, reasoning that doing so ahe... (more story)
A Texas bankruptcy judge on Wednesday approved prison healthcare business Wellpath's request to sell two behavioral care-focused hospitals for $1, finding that the debtor had made the case that the facilities ... (more story)
A New York federal district court has granted a request from blockchain analysis company Chainalysis to preside over an adversary lawsuit brought against it by the litigation administrator for defunct cryptocu... (more story)
Bondholders of the Puerto Rico Electric Power Authority requested permission from a Puerto Rico bankruptcy judge to file a financial report revealing that the bankrupt utility failed to transfer $2.9 billion o... (more story)
A Delaware bankruptcy judge denied a $430,000 fee claim filed by law firm White & Case LLP in the Chapter 11 case of Terraform Labs Wednesday, saying payment of the claim was not allowed under the Bankruptcy C... (more story)
Mid Cap More
After seven decades that took it from a family business selling magazine subscriptions out of a basement to a billion-dollar e-commerce enterprise, Publishers Clearing House is writing big checks to bankruptcy... (more story)
A Delaware bankruptcy judge on Thursday gave interim approval for Arizona-based Royal Interco LLC, which supplies private-label paper products for grocery chains including Trader Joe's and Aldi, to tap part of... (more story)
The operator of three New Jersey hospitals said Thursday that its revised Chapter 11 plan fixes or buys time to address issues that a Delaware bankruptcy judge flagged coming out of a three-day confirmation he... (more story)
Brazilian sugar producer and distributor Açucareira Virgolino de Oliveira SA has filed for Chapter 15 protection in New York bankruptcy court after opening insolvency proceedings in Sao Paulo.
The administrator overseeing the liquidation of GenapSys asked a Delaware bankruptcy judge Wednesday to rule that the gene sequencing technology company's Chapter 11 plan preserved its rights to sue its former... (more story)
A Delaware bankruptcy judge on Wednesday approved law firm Cross & Simon LLC's request to withdraw as counsel to former Team Systems International executives in an adversary case brought by the insolvent gover... (more story)
Publishers Clearing House, which started as a magazine subscription seller known for giant check giveaways, filed for bankruptcy Wednesday in New York with plans to focus on its digital advertising operations ... (more story)
A Florida federal judge has ordered expedited discovery in a Mexican oil company's case over alleged improper fund transfers, after determining there is "more than a mere possibility" of Quinn Emanuel being co... (more story)
Genetic testing company 23andMe asked a Missouri bankruptcy judge to let it appoint an independent customer data representative as it looks to sell genetic data of 15 million users at a Chapter 11 auction.
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should ... (more story)