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Demand Dip, Investor Dispute Led Walker Edison To Ch. 11
Declining consumer demand, rising operating costs and mounting financial pressures — along with ongoing litigation between Walker Edison and its former shareholders brought by both the company and its prepetition term lenders — drove the online furniture retailer to seek bankruptcy protection in Delaware.
NY Diocese Wins OK Of Ch. 11 Plan, Yellow Nears Approval
A New York judge authorized the Chapter 11 plan of the Roman Catholic Diocese of Rochester, Yellow Corp.'s newest bankruptcy plan disclosure statement won tentative approval, and Monster.com was given the go-ahead to begin collecting votes on a Chapter 11 plan. This is the week in bankruptcy.
Trio Of Pros Oversee Patient Care In Genesis' Ch. 11
Three legal and restructuring professionals from across the country have been appointed to monitor the care of about 15,000 patients living in facilities operated by the bankrupt nursing home chain Genesis Healthcare Inc. as part of the company's Chapter 11 in Texas.
Demand Dip, Investor Dispute Led Walker Edison To Ch. 11
Declining consumer demand, rising operating costs and mounting financial pressures — along with ongoing litigation between Walker Edison and its former shareholders brought by both the company and its prepetition term lenders — drove the online furniture retailer to seek bankruptcy protection in Delaware.
NY Diocese Wins OK Of Ch. 11 Plan, Yellow Nears Approval
A New York judge authorized the Chapter 11 plan of the Roman Catholic Diocese of Rochester, Yellow Corp.'s newest bankruptcy plan disclosure statement won tentative approval, and Monster.com was given the go-ahead to begin collecting votes on a Chapter 11 plan. This is the week in bankruptcy.
Trio Of Pros Oversee Patient Care In Genesis' Ch. 11
Three legal and restructuring professionals from across the country have been appointed to monitor the care of about 15,000 patients living in facilities operated by the bankrupt nursing home chain Genesis Healthcare Inc. as part of the company's Chapter 11 in Texas.
Expert Analysis
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As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definiti... (more story)
Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin ... (more story)
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A Texas bankruptcy judge said Monday he would approve a Chapter 11 plan slashing $4.6 billion of chipmaker Wolfspeed Inc.'s debt, overruling an objection from the U.S. Trustee's Office to the opt-out mechanism... (more story)
A California federal judge has sided with the Federal Deposit Insurance Corporation in a dispute over $48,800 in unpaid legal bills that Farella Braun & Martel LLP sought for work it did before Silicon Valley ... (more story)
Certain underwriters at Lloyd's of London and other London market insurers must pay their full applicable policy limits under policies issued to the Archdiocese of New York, a state court ruled Monday in the a... (more story)
The former parent company of Silicon Valley Bank owes the state of California upward of $76 million in taxes on income from a portfolio of securities for years leading up to the bank's failure, a state taxing ... (more story)
Last week at the Delaware Court of Chancery, a bankruptcy administrator for a generic drugmaker formerly known as Teligent was told he can proceed with duty of oversight claims against most former officers and... (more story)
A real estate developer, his associates and his current and past attorneys submitted fake contracts as evidence of their ownership of the company that runs the Miss America pageant in a $500 million lawsuit an... (more story)
Budget air carrier Spirit Airlines secured a New York bankruptcy judge's approval Monday of its bid to borrow up to $275 million and use other funds to support the business as Spirit gears up to reject aircraf... (more story)
The Office of the U.S. Trustee has appointed a seven-member committee of unsecured creditors in the Chapter 11 bankruptcy of medical transportation company Modivcare Inc., including an affiliate of the ride-ha... (more story)
Founders of bankrupt trucking group Pride Group Holdings Inc. have asked a Delaware bankruptcy court to recognize their personal Canadian bankruptcies, saying they filed for Chapter 15 to once again pause liti... (more story)
Indianapolis bankruptcy attorney Mark S. Zuckerberg is suing Meta Platforms Inc. after his firm's commercial Facebook account was repeatedly suspended because of his shared name with the tech company's CEO and founder.
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New York University's challenge to a recent rezoning, Chapter 11 proceedings for a student housing owner serving the University of California, and an Illinois university's refusal to hand over property to a lo... (more story)
The official committee of unsecured creditors in the Chapter 11 case of Packable Holdings largely lost out on motions to dismiss its adversary complaint tied to a prepetition lender and supplier, with a Delawa... (more story)
A Pennsylvania attorney facing discipline for allegedly threatening to blackmail a client's debtor was rightfully trying to collect on a long-standing, highly litigated debt, a state disciplinary hearing panel heard Monday.
The state of California has asked a Missouri federal judge to undo the $305 million bankruptcy sale of consumer DNA testing group 23andMe, arguing it sidestepped state consumer data protections.
A litigation trustee for bankrupt data analytics company Near Intelligence Inc. has sued New York-based digital ad company MobileFuse LLC in the U.S. Bankruptcy Court for Delaware, alleging a multiyear circula... (more story)
A Delaware bankruptcy judge Friday approved the Chapter 11 plan of electric-truck maker Nikola Corp., overruling an objection from the company's former CEO that was tied to his treatment under the plan and a p... (more story)
A Delaware bankruptcy judge granted final approval Friday to a bankruptcy financing request from an insolvent subsidiary of The Dolphin Co., allowing the debtor to access up to $129 million, in a ruling that w... (more story)
A Connecticut biotech company has filed a voluntary Chapter 11 petition claiming at least $2.7 million in liabilities, mostly debts to Quinn Emanuel Urquhart & Sullivan LLP and Verrill Dana LLP, after both law... (more story)
Former Jackson Walker LLP bankruptcy clients said Friday that a proposed settlement meant to resolve a dispute regarding the concealed romance between a judge and attorney should go through as planned because ... (more story)
A New York bankruptcy judge on Friday approved the Roman Catholic Diocese of Rochester's $246 million Chapter 11 plan to the sound of applause as a six-year-old effort to craft a plan to pay sexual abuse claim... (more story)