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Under The Radar: Bankruptcy News You May Have Missed
Brazilian airline GOL Linhas wants five more months to file a Chapter 11 plan, the U.S. trustee in Texas is champing at the bit to obtain documents from Jackson Walker LLP in connection with an investigation into ex-Judge David R. Jones, and talc claimants want another shot at moving the bankruptcy of a Johnson & Johnson unit out of Texas, the home of the divisional merger.
Meet The Attys In Brazilian Electricity Biz Light SA's Ch. 15
The foreign representative for Light SA, parent to a major Brazilian electrical utility, has hired attorneys from White & Case LLP to help him obtain U.S. recognition of the company's Brazilian restructuring.
Behind The Ch. 11 Filing Of Rental Biz Fluid Trucking
Truck rental business Fluid Trucking is one of the latest companies to file for bankruptcy following a reversal of fortunes after the COVID-19 pandemic, in which the debtor blamed its "aggressive growth" strategy as being among the factors that led to bankruptcy.
Under The Radar: Bankruptcy News You May Have Missed
Brazilian airline GOL Linhas wants five more months to file a Chapter 11 plan, the U.S. trustee in Texas is champing at the bit to obtain documents from Jackson Walker LLP in connection with an investigation into ex-Judge David R. Jones, and talc claimants want another shot at moving the bankruptcy of a Johnson & Johnson unit out of Texas, the home of the divisional merger.
Meet The Attys In Brazilian Electricity Biz Light SA's Ch. 15
The foreign representative for Light SA, parent to a major Brazilian electrical utility, has hired attorneys from White & Case LLP to help him obtain U.S. recognition of the company's Brazilian restructuring.
Behind The Ch. 11 Filing Of Rental Biz Fluid Trucking
Truck rental business Fluid Trucking is one of the latest companies to file for bankruptcy following a reversal of fortunes after the COVID-19 pandemic, in which the debtor blamed its "aggressive growth" strategy as being among the factors that led to bankruptcy.
Expert Analysis
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Large Cap More
The FTX bankruptcy estate reached a deal worth about $228 million to resolve its lawsuit against cryptocurrency exchange Bybit and the firm's investment arm, Mirana Corp., that alleged they unfairly jumped the... (more story)
A Texas bankruptcy judge said he would approve the sale of seven more of Steward Health Care's hospitals to affiliates of California-based Healthcare Systems of America, including five in Florida and two in Texas.
Spirit Airlines will implement layoffs as part of a plan to cut roughly $80 million in costs and has agreed to sell 23 Airbus aircraft to GA Telesis for about $519 million, disclosing the measures as the compa... (more story)
A Texas bankruptcy judge deferred ruling on a motion from the Chapter 7 trustee in the bankruptcy of right-wing media fabulist Alex Jones to conduct sales of certain of the estate's assets, saying he wants to ... (more story)
A Delaware bankruptcy judge Friday approved discount retailer Big Lots Inc.'s plans to put itself on the block next week after hearing the provider of the baseline bid for the sale had secured the financing fo... (more story)
McGlinchey Stafford PLLC made its first new hire in Tampa after opening the Florida office in early September with the addition of an of counsel for the financial services litigation group from Garbett Allen & Roza PA.
A Texas bankruptcy court on Friday shot down a former judge's bid to shield his banking records from a U.S. Trustee's Office inquiry into his concealed romantic relationship with a former Jackson Walker LLP pa... (more story)
Abra Group Limited, the holding company for Avianca and GOL Linhas Aéreas Inteligentes airlines, announced it has closed $1.25 billion in refinancing transactions that will help resolve the financial defaults ... (more story)
Aircraft parts supplier Incora has told a Texas bankruptcy judge that it expects to exit Chapter 11 under a consensual plan in the coming weeks, but a battle over the company's 2022 debt restructuring that hel... (more story)
Tire and wheel seller American Tire Distributors Inc. received interim approval Thursday from a Delaware bankruptcy judge to tap a $250 million new-money debtor-in-possession loan provided by its prepetition lenders.
Mid Cap More
The U.S. Trustee's Office is asking a New York bankruptcy judge to hold off a decision regarding the receivership of a New Jersey building owned by New York developer Moshe Gold until the judge decides what co... (more story)
Indian healthcare services platform Glocal and bankrupt digital health services company UpHealth may be on the verge of resolving their bitter dispute over an ill-fated merger that resulted in a $115 million a... (more story)
A Texas bankruptcy judge approved a $14.5 million sale of pipe distributor Tubular Synergy Group's assets to pipe manufacturer Centric Pipe LLC after it emerged as the top bidder in a Chapter 11 auction.
Dental procedure equipment maker Biolase Inc. cannot retain the company's longtime outside general counsel, Carroll & Carroll PC, as special counsel in its Chapter 11, the U.S. Trustee's Office has told the De... (more story)
The U.S. Department of Justice on Thursday told a Texas bankruptcy judge it has concerns about the Chapter 11 filing of a California wound care practice, saying it has been under investigation for possible fal... (more story)
A panel of the Third Circuit on Thursday upheld a New Jersey bankruptcy court's ruling that $1.7 million in retirement accounts are excluded from the Chapter 7 estate of an individual debtor and cannot be purs... (more story)
The lead attorney in conspiracy theorist Alex Jones' Sandy Hook Elementary School defamation trial in Connecticut acknowledged Thursday that he "erred" when he allowed a hard drive containing the plaintiffs' c... (more story)
Morris Nichols Arsht & Tunnell LLP announced Thursday that a bankruptcy attorney at the Delaware law firm will become the latest member of its partnership Jan. 1.
A nearly 16-acre site along Biscayne Boulevard in Miami drew a $35 million stalking horse bid, setting the opening offer for the site ahead of a court-ordered sale in January.
A Texas federal judge said he wouldn't toss an appeal by a group of secured creditors who say they were improperly iced out of a new equity offering pool for ConvergeOne, writing that the group's challenge wou... (more story)