July 21, 2025
A group of judges and bankruptcy professionals pressed for changes to Subchapter V eligibility caps and student loan discharge rules. Meanwhile, BigLaw's dominance in bankruptcy continues, a shift that began with the 1978 Bankruptcy Reform Act. And Danimer Scientific's uncontested Chapter 11 liquidation plan moved forward following an asset sale. This is the week in bankruptcy.
July 18, 2025
A Texas bankruptcy judge Friday approved a reorganization plan for boat and water sports retailer Tommy's Boats filed by its chapter 11 trustee, overruling objections from its former CEO.
June 06, 2025
The U.S. Trustee's Office has asked a Texas bankruptcy judge to reject the Chapter 11 plan floated by a boat and water sports retailer known as Tommy's Boats, arguing it contains nonconsensual third-party releases that violate the Bankruptcy Code and the U.S. Supreme Court's Purdue Pharma ruling.