April 10, 2025
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 hearing last month.
April 07, 2025
A Texas bankruptcy judge dismissed Johnson & Johnson's third attempt to settle cancer claims through Chapter 11, tossing Red River Talc's bankruptcy case and a $9 billion deal. Law360 has learned that dozens of employees of the U.S. Trustee Program have accepted buyouts. And experts say new tariffs under President Donald Trump may drive even more insolvencies as economic pressures mount. This is the week in bankruptcy.
April 01, 2025
A Delaware bankruptcy judge determined on Tuesday that more work is needed on the Chapter 11 plan from New Jersey hospital operator CarePoint that would have handed control of the health system's medical facilities to one of its creditors, finding the debtor must address another creditor's claim that its collateral has diminished in value.
March 28, 2025
A mediator appointed in a New Jersey hospital operator's Chapter 11 told a Delaware bankruptcy judge that discussions to close the gap on holdout objections to its reorganization plan have hit a wall.
March 14, 2025
A New Jersey hospital operator finished a three-day confirmation hearing in Delaware on Friday over its Chapter 11 plan to hand control of its medical facilities to one of its creditors.
March 12, 2025
A hospital operator urged a Delaware bankruptcy judge to overrule objections to its Chapter 11 plan, arguing Wednesday that it's the only way to save three critical New Jersey medical facilities.
March 10, 2025
An insurer has asked a Delaware bankruptcy judge to reject CarePoint Health Systems' Chapter 11 plan, saying it is designed to unfairly benefit the debtor's landlord with liability releases.
March 05, 2025
CarePoint Health's Chapter 11 plan will likely face stiff objections at a hearing next week that could include up to 10 witnesses, attorneys told a Delaware bankruptcy judge Wednesday.
March 03, 2025
The U.S. Trustee's Office on Monday joined a flurry of objections against the Chapter 11 plan of CarePoint Health Systems inc., saying the hospital owner has made it hard for the trustee to gauge the plan's potential.
February 18, 2025
Franchise Group must find new bankruptcy counsel after a judge in Delaware found Willkie Farr & Gallagher LLP was conflicted in its case. The court-appointed trustee investigating Miles Guo's shell companies got another deadline extension to chase down estate funds. Spirit Airlines is awaiting confirmation of its reorganization plan. And bankrupt bitcoin miner Rhodium Encore has hit back at its landlord in court, alleging a campaign of sabotage.