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Latest News in Bankruptcy

• February 04, 2026

  American Signature Furniture Gets Ch. 11 Sale OK In Del.

  The bankrupt American Signature Furniture secured approval late Wednesday to move forward with a nearly $159 million sale to its top creditors — interests of the Schottenstein family of companies — after they emerged as the sole bidders in the company's Chapter 11 sale in Delaware.

• February 04, 2026

  Insurer Objects To $8M Claim Deal In Albany Diocese Ch. 11

  Lloyd's Of London and other insurers objected Tuesday to a motion from the bankrupt Roman Catholic Diocese of Albany, New York, seeking to allow an $8 million judgment in favor of an individual abuse claimant, saying the proposal runs afoul of an earlier order of the bankruptcy court prohibiting such judgments.

• February 04, 2026

  Hartford HealthCare Must Provide Docs On $86M Takeovers

  Hartford HealthCare Corp. must hand over internal documents detailing its $86.1 million acquisitions of two hospitals from bankrupt Prospect Medical to a group of plaintiffs who accuse the health system of trying to create a monopoly for inpatient hospital services, a Connecticut state court judge has ruled.

• February 04, 2026

  First Brands Creditors Seek To Hire Nardello For Fraud Probe

  First Brands Group's unsecured creditors urged a Texas bankruptcy judge to let them retain Nardello & Co. as a forensic financial adviser and assist with their investigation into the "pervasive looting and fraud" that they allege precipitated the auto parts maker's Chapter 11 case.

• February 04, 2026

  Shipping Co. Eletson Can Seek Arrest Of Ex-Officials

  A New York bankruptcy judge on Wednesday allowed shipping group Eletson Holdings Inc. to seek the arrest and incarceration of former Eletson directors and others who the company says have failed to appear at court-ordered depositions.

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