October 03, 2025
A New Jersey bankruptcy judge has approved Atlantic City timeshare business Flagship Resort Development's Chapter 11 liquidation plan, overriding objections to the plan's liability releases.
September 12, 2025
Flagship Development Group, an insolvent timeshare business in Atlantic City, asked a New Jersey bankruptcy judge Friday to approve its Chapter 11 plan and lender settlement, arguing that its third-party releases were necessary to obtain $40 million worth of debt forgiveness.
August 08, 2025
Flagship Resort Development Corp., a seller of timeshares around the Atlantic City Boardwalk, secured a New Jersey bankruptcy judge's blessing Friday to sell its assets and take votes on a Chapter 11 liquidation plan after striking a settlement with unsecured creditors in the case.
July 31, 2025
The U.S. Trustee's Office objected to the disclosure statement filed by Flagship Resort Development Corp., arguing it lacks details on third-party releases in its Chapter 11 liquidation plan. Guardian Elder Care's creditors committee opposed extending the company's exclusivity to file a Chapter 11 plan. Nikola Corp. asked to subordinate the SEC's $125 million penalty, calling it a lower-priority debt.
May 14, 2025
A New Jersey bankruptcy judge on Wednesday agreed to grant interim approval for debtor-in-possession financing to Flagship Resort Development Corp., a seller of timeshares around the Atlantic City Boardwalk, as the company moves toward a sale.
May 13, 2025
Weight loss business WeightWatchers entered Chapter 11 in Delaware, as did medical technology company Accelerate Diagnostics Inc. and California-based biotechnology company Synthego Corp. Here are the week's new bankruptcy cases.