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Latest News in Bankruptcy

  • May 22, 2017

    SquareTwo Clears Path To Ch. 11 Exit With Creditor Deal

    Consumer and commercial debt collector SquareTwo Financial Services Corp. on Friday asked a New York bankruptcy court to approve a deal it reached to knock out opposition from a committee of unsecured creditors, paving a path to confirm its proposed Chapter 11 restructuring plan.

  • May 22, 2017

    Calif. Proton Seeks Ch. 11 Summary Ruling, Operator Toss

    Citing “indisputable” contract termination rights, California Proton Treatment Center LLC called for summary judgment late Friday on the radiation treatment provider's effort to shed its business operation contract as part of a Delaware Chapter 11 reorganization.

  • May 22, 2017

    Rupari $1.4M Bonus Plan Draws Trustee, Agent Objections

     A proposed employee bonus program floated by Rupari Food Services Inc. drew objection Monday in Delaware from the agent under a prepetition secured credit facility and the United States Trustee over the funding source of the bonuses and the criteria used to award them.

  • May 22, 2017

    9th Circ. Says Union's Split Of American Airlines Equity OK

    The Ninth Circuit on Monday found that the Transport Workers Union of America hadn’t acted in bad faith when it cut out certain retirees from equity payments it received in an airline bankruptcy settlement, concluding the union hadn’t breached its duty of fair representation of its members.

  • May 22, 2017

    US Trustee Objects To 'No Info' Ryckman Creek Sale

    Wyoming natural gas storage venture Ryckman Creek Resources LLC overreached with a bankruptcy proposal for stalking-horse bid protections before naming the bidder or any initial offer, the Office of the U.S. Trustee said Friday in a Delaware federal court objection.

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