September 08, 2026
Silicon Valley Bank's former parent company lost its yearslong efforts to force the Federal Deposit Insurance Corp. to return $1.7 billion it seized. A Delaware bankruptcy judge questioned whether HSF Kramer's previous work for creditors disqualifies it from guiding a West Virginia coal plant through its Chapter 11 proceeding. And multiple debtors secured confirmation of plans in complex Chapter 11 cases.
September 04, 2026
Specialty materials maker Alkegen's defeat of a challenge to legal releases in its Chapter 11 plan offers more clarity around what constitutes consent under the U.S. Supreme Court's Purdue Pharma decision, with a Texas bankruptcy judge allowing the debtor to use opt-outs to bind creditors who accepted the plan.
September 03, 2026
A Texas bankruptcy judge on Thursday signed off on specialty materials maker Alkegen's plan to cut $3.1 billion in debt and emerge from its Chapter 11 case with fresh funds to support its turnaround, approving the debtor's restructuring and overruling an objection from the U.S. Trustee's Office.
August 28, 2026
The U.S. Trustee's Office has objected to the Chapter 11 plan and disclosure statement of specialty materials maker Alkegen, telling a Texas bankruptcy court that the plan includes impermissible opt-out, third-party releases and related injunctions.
July 28, 2026
Bankrupt specialty materials maker Alkegen received permission Tuesday from a Texas judge to access part of a $630 million bankruptcy loan from existing lenders after opposition over the size of the interim package was overruled.
July 27, 2026
Alkegen and dozens of affiliates filed a prepackaged Chapter 11 case in Texas bankruptcy court, where the specialty materials maker intends to cut the bulk of its $3.3 billion of funded debt obligations.