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Latest News in Bankruptcy

• December 23, 2025

  Connecticut's Most Notable Cases Of 2025

  Two attorneys who were licensed in Connecticut were convicted in 2025 on charges that either did or could result in prison time, including a longtime real estate attorney who fatally shot a man in his law firm's parking lot. And the state's largest healthcare system said it would pay $45 million to exit an agreement to buy three ailing hospitals that were in much worse condition than previously known. Here's a look back at three of the top cases of 2025.

• December 23, 2025

  Hudson Hotel Debtors Seek To Recast 'Ground Lease'

  The developers behind the former Hudson Hotel in Manhattan have asked a Delaware bankruptcy judge to recharacterize a long-term "ground lease" tied to the property as a disguised financing arrangement, arguing the structure functions economically as a high-cost loan rather than a true lease and should not receive favorable treatment under the Bankruptcy Code.

• December 23, 2025

  Razzoo's $18M Ch. 11 Sale OK'd, With 11 Sites To Stay Open

  A Texas bankruptcy judge approved the $18 million sale of Cajun chain Razzoo's Inc.'s assets to a subsidiary of a Dallas-based restaurant developer, which plans to keep operating 11 of Razzoo's 20 remaining locations.

• December 23, 2025

  Judge Says Ashley Stewart Ch. 11 Was Unauthorized

  A New Jersey bankruptcy judge on Tuesday dismissed the Chapter 11 case of plus-size clothing retailer Ashley Stewart, saying it had been filed without proper authority by board members appointed in violation of a state court order.

• December 23, 2025

  Rent-To-Own Co. FlexShopper Hits Ch. 11 After Fraud Claims

  FlexShopper, a company offering lease-to-own services for appliances and electronics, has filed for Chapter 11 protection in the Delaware bankruptcy court, listing more than $100 million in debt and alleging its former CEO used forged documents to secure financing for the firm before its collapse.

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