The trustee overseeing a pool of funds to pay creditors of Mallinckrodt plc has reached a deal to slash more than $331 billion of purported claims from insurers down to $6.7 million in the drugmaker's first bankruptcy case.

Counsel for retail chain Conn's told a Texas bankruptcy judge Wednesday that no one has beaten the $360 million baseline bid for its assets from debt collector Jefferson Capital Systems and asked for a hearing... (more story)

Long Island's Roman Catholic diocese must meet with its insurers Thursday to sort out the remaining details of their settlement, a New York bankruptcy judge said Wednesday, making clear he expected urgent work... (more story)

A Texas bankruptcy judge has told a former contractor at a liquid natural gas facility project it is not entitled to insurance recoveries or fund distributions from the joint venture it entered Chapter 11 to exit.

A Texas bankruptcy judge approved a case management order Wednesday that puts the Chapter 11 proceedings of Johnson & Johnson's talc unit on track for January hearings over a prepackaged plan that will address... (more story)

Bankrupt tire and wheel seller American Tire Distributors Inc. proposed a Chapter 11 bid and sale process that it intends to wrap up by the end of December, with a group of secured lenders serving as a stalking horse.

A Manhattan federal judge allowed FTX's former chief engineer to avoid prison Wednesday, crediting his trial testimony against the crypto exchange's founder Sam Bankman-Fried, his ongoing cooperation and his r... (more story)

Steven N. Serajeddini, a restructuring partner at Kirkland & Ellis LLP, has kept busy over the last year handling some of the largest and most complex bankruptcy cases in the country, including the sprawling i... (more story)

Alameda Research, the crypto trading affiliate of the bankrupt FTX digital asset empire, has sued the operators of KuCoin cryptocurrency exchange in Delaware bankruptcy court seeking the return of $50 million ... (more story)

A pair of talc producers on Tuesday presented a Delaware bankruptcy judge with a revised Chapter 11 plan and disclosure statement they say will hopefully answer the concerns and objections raised by the judge,... (more story)

A California appellate panel has thrown out a $10.6 million asbestos verdict against Pneumo Abex LLC and ordered a new trial, finding that the trial court erred in granting a directed verdict that rejected the... (more story)

Credit reporting bureau Equifax was recently hit with a proposed class action accusing it of failing to note discharged debts when debtors converted their bankruptcy cases from Chapter 13 to Chapter 7.

A Delaware bankruptcy judge on Wednesday cleared medical implant manufacturer Exactech Inc. to borrow a portion of $85 million in bankruptcy funding being provided by existing lenders, after the company agreed... (more story)

Hardinge Inc., a New York-based tool manufacturer, received a Delaware bankruptcy judge's permission Wednesday to send its Chapter 11 wind-down plan off to a creditor vote, while the debtor and its official co... (more story)

A Delaware bankruptcy judge Wednesday agreed to give her interim approval for Ultra Safe Nuclear Corp. to access $10 million of its debtor-in-possession financing as it moves towards a planned sale in December.

A Toronto-based specialty lender and 13 affiliates filed for Chapter 15 recognition of their Canadian insolvency proceedings on Wednesday, with Chesswood Group Ltd. blaming a rise in interest rates and U.S. re... (more story)

The founder of a defunct marijuana greenhouse claims the $1.5 million settlement it made with a class of investors has been stymied in unrelated legal action filed by a "sophisticated grifter" looking for pers... (more story)

A company developing modern nuclear energy technology filed for Chapter 11 protection in Delaware Tuesday, saying it was left in a liquidity crunch after the recent death of a longtime investor who had provide... (more story)

New Jersey authorities said Tuesday that they have concluded that the former Republic First Bank redlined local communities of color in the state in the years before it failed, findings they have taken up with... (more story)

The co-founder and former CEO of NS8 Inc. should return nearly $23 million he was paid by the now-defunct cybersecurity firm and cover $150 million in damages for years of fraud that pushed it into bankruptcy,... (more story)