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Several small restaurant operators across Florida have turned to Chapter 11 Subchapter V, a streamlined bankruptcy process for small businesses, citing declining revenue and heavy debt burdens.
Technology and cybersecurity services group TPx Communications has tapped lawyers from Sidley Austin LLP to assist the debtor as it seeks to address some $1.1 billion in debt through Chapter 11.
Energy-efficiency aggregator American Efficient LLC filed for Chapter 11 protection as it fights a $1.1 billion fine from a federal regulator, blaming the penalty on rules that it said don't actually exist and wouldn't be enforceable even if they did.
A Florida executive who once tried to buy England's Everton soccer club on Thursday denied new charges accusing him of engaging in a $500 million fraud on lenders, before the judge hearing his case declined to... (more story)
Bankrupt budget air carrier Spirit Airlines has announced it has secured an $88 million baseline bid for its corporate campus in Florida.
An attorney who is an expert in private investment in public equity transactions told a Florida jury hearing a malpractice case against Simpson Thacher & Bartlett LLP Thursday that companies who enter into an ... (more story)
Robert Drain, the former Southern District of New York bankruptcy judge who oversaw Purdue Pharma's Chapter 11 case, will serve as a senior adviser and head of fiduciary services at M3 Partners, the restructur... (more story)
A Delaware bankruptcy judge on Thursday approved biotechnology investor Apple Tree Life Sciences Inc.'s bid to deploy another $4 million in Chapter 11 to support its portfolio companies, after the debtor and i... (more story)
A federal grand jury is investigating the bankrupt summer camp operator SIMAD Holdings, its controlling shareholders and related entities, and the company has received a demand to produce documents as part of ... (more story)
Reorganized commodities brokerage MF Global proposed a multistep restructuring process that it says will help speed up and increase recoveries due to unsecured creditors nearly 13 years after a New York bankru... (more story)
Objecting noteholders have told a New York bankruptcy judge that the Chapter 15 cases of U.S. affiliates of Spanish auto parts maker Grupo Antolin violate U.S. bankruptcy principles and should be thrown out, w... (more story)
A New York bankruptcy judge has overruled the objection from the U.S. Trustee to the employee retention plan from Sleep Number, finding that the employees aren't insiders, that the risk of them leaving was rea... (more story)
Buchalter PC announced that a longtime bankruptcy attorney who previously served on the firm's board of directors has been named managing partner of its San Francisco office.
A Texas federal judge has ordered the appointment of a Chapter 11 trustee to clean up "weeks of chaos" in the bankruptcy case of Louis Investments, a real estate management company that borrowed a 7,000% inter... (more story)
Bankrupt prison healthcare company YesCare will have a Chapter 11 trustee take over administration of its insolvency case after a Florida judge approved a deal with the official committee of unsecured creditors Thursday.
A Delaware bankruptcy judge signed off on Omnis Pleasants LLC's package of first day motions Wednesday, rejecting calls by the West Virginia power plant's parent company to toss the Chapter 11 as a bad faith filing.
Simry Realty Corp. and members of the Haruvi family who placed it into Chapter 11 have balked at a request by another member of the family to scrap the bankruptcy, saying the case was properly authorized and f... (more story)
A New Jersey federal judge allowed cosmetics company Glamour Dolls Inc. to pursue claims against an investor who the company claims promised to barter consulting services for a stake in the business, but then ... (more story)
The U.S. Securities and Exchange Commission claimed two real estate investment trust executives raised $152 million in a fraudulent securities offering and misrepresented the company's bleak outlook in an exte... (more story)
Baker Donelson Bearman Caldwell & Berkowitz PC has fortified its bankruptcy practice with a Houston-based shareholder who came aboard from Winstead PC.
Future Legends LLC, the owner of a sports complex in Colorado, has filed for Chapter 11 protection in California with $100 million to $500 million in liabilities following legal battles with a local government... (more story)
The Third Circuit affirmed Tuesday that hospital owner Alecto Healthcare Services' streamlined Chapter 11 and the resulting plan confirmation withstood an appeal by a creditors' group.
Tubos, a steel pipe maker, filed for Chapter 15 protection in a Texas bankruptcy court Tuesday, seeking recognition of a Spanish insolvency proceeding it had launched, saying U.S. tariffs damaged its business.
David Chase
Instructing a law school course on U.S. Securities and Exchange Commission investigations has made me a more thoug... (more story)
Elisha Kobre and George Frank
The Second Circuit recently held that a properly drafted contractual blocker — which caps an investor's beneficial... (more story)
Kate Wellman, John Stoker and Neil Bloomfield
A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolutio... (more story)