To access this content, a subscription to Bankruptcy Authority is required.
For small business owners across the country, getting stuck in bankruptcy for years can come down to whether an individual judge thinks a nonvoting creditor class is a mathematical absurdity or a bar to a consensual plan.
A Spanish-language media company is seeking Chapter 11 relief after facing declining advertising revenue. A nationwide operator of bitcoin ATMs plans to wind down. And a boating supply business entered Chapter 11 with a restructuring support agreement to deal with more than $500 million in debt.
A judge rejected conspiracy theorist Alex Jones' appeal to shield assets belonging to his media business under the stay in Jones' personal Chapter 7 case. The Cannabist became the first marijuana company to secure Chapter 15 recognition of a foreign bankruptcy proceeding. And the U.S. Trustee's Office called for car parts giant First Brands' Chapter 11 case in Texas to be converted to a Chapter 7 liquidation.
The Archdiocese of Baltimore and a group of child sexual abuse claimants have both filed proposed Chapter 11 plans in the archdiocese's bankruptcy, one envisioning abuse claims trusts with at least roughy $169... (more story)
A coalition of 24 attorneys general and two governors are challenging a rule recently promulgated by the U.S. Department of Education, alleging in a complaint in Maryland federal court Tuesday that it unlawful... (more story)
White & Case's motion to hold Modivcare in civil contempt connected to a Chapter 11 fee dispute is built around unsupported conjecture, the reorganized medical transportation group has said, urging a Texas ban... (more story)
A Delaware bankruptcy judge on Tuesday said she would grant boating supply business West Marine Inc. a range of first day relief on an interim basis as it gets under way in its voyage through Chapter 11, inclu... (more story)
Freight services company STG on Monday secured a New Jersey bankruptcy judge's approval of a Chapter 11 plan that will let the debtor cut more than $1 billion in liabilities, weeks after STG resolved major lit... (more story)
A Texas bankruptcy judge has given his assent on a final basis to a $300 million postpetition financing package in home shopping company QVC's Chapter 11 case.
Dechert LLP announced Monday that it has added another attorney from McDermott Will & Schulte to its Dallas office, this time bringing on an attorney who will bolster its capacity to handle transactional matters.
Restaurant operator Fat Brands has reached a settlement with three groups of creditors that it says clears a path to getting its Chapter 11 plan confirmed, telling a Texas bankruptcy judge the deal will let th... (more story)
Del Monte Foods received confirmation of its Chapter 11 wind-down plan on Monday after a New Jersey bankruptcy judge overruled an objection from a group of minority lenders.
A Texas bankruptcy judge Monday approved a settlement between insolvent luxury retailer Saks Global and its largest landlord, Simon Operating Group, to resolve disagreements over the debtor's leases.
A California bankruptcy judge Tuesday dismissed an adversary complaint launched by unsecured creditors of Oroville Hospital against UMB Bank, finding the creditors had failed to state a claim in their lawsuit ... (more story)
Counsel for cryptocurrency automatic teller machine Bitcoin Depot told a Texas bankruptcy judge Tuesday that regulatory pressure and self-imposed anti-fraud measures caused a sharp drop in revenue that sent th... (more story)
A Delaware bankruptcy judge Tuesday agreed to confirm the Chapter 11 liquidation plan for e-commerce group Food52, trimming a few features of the plan including releases for the debtor and the creditors committee.
Nikola Corp. founder Trevor Milton "has not paid a dime" of his $2.5 million share of an eight-figure settlement resolving shareholder litigation over a fraud-shadowed special purpose acquisition company merge... (more story)
The IRS can slap a tax assessment against a taxpayer without time constraints when a return is fraudulent, even if a third-party preparer was the scammer, the agency told the U.S. Supreme Court in opposing a w... (more story)
Bitcoin Depot, a nationwide operator of bitcoin automatic teller machines, filed for Chapter 11 protection in a Texas bankruptcy court with nearly $27 million in debt and plans to wind down and sell its assets... (more story)
A Texas federal judge on Friday dismissed Alex Jones' appeal over whether Infowars operator Free Speech Systems LLC's assets are part of his Chapter 7 estate, a move that continues to allow the families of vic... (more story)
The operator of Infowars says bankrupt broadcaster Alex Jones has a legal right to "freely compete" with his former outlet, telling a Texas appeals court the website shut down because a court-appointed receive... (more story)
The trustee for a group of bankrupt Western Pennsylvania nursing homes says four former Comprehensive Healthcare Management Services executives improperly drained the companies of assets that should have been ... (more story)
Houston firm MMA Law has filed a Chapter 11 liquidation plan in Texas bankruptcy court, saying it plans to shut down its business and appoint an administrator to prosecute claims against multiple law firms.
Luke Hasskamp
In Cumulus v. Nielsen, the Second Circuit is considering a structural pattern in which a monopolist exploits upstr... (more story)
Kevin Capuzzi and Melissa Sobrepera
Following a New York bankruptcy court's recent decision in 33 Mako, solvent debtors may find it significantly hard... (more story)
Guy Chayoun
The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constr... (more story)