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Small Biz, Consumer Bankruptcies On The Rise In 2025
More small businesses and consumers sought bankruptcy protections at the start of 2025 compared to the same period last year, according to recently released data, as economic uncertainty, macroeconomic pressures and an end to pandemic-era relief programs converge.
23andMe Gets Privacy Watchdog, Yellow Investors Push Ch. 7
A Missouri bankruptcy judge signed off on a consumer privacy watchdog for 23andMe's Chapter 11. A group of shareholders and unsecured creditors that previously supported Yellow Corp. attempting a Chapter 11 plan have shifted gears and asked a Delaware bankruptcy judge to convert the case to a Chapter 7 liquidation. Chicken restaurant Sticky's won a Delaware bankruptcy judge's tentative permission to sell its assets to an investment fund for $2 million.
Under The Radar: Bankruptcy News You May Have Missed
Conspiracy theorist Alex Jones asked a Texas bankruptcy court to restart the auction for his Infowars assets. Restaurant chain TGI Fridays requested additional time to file its Chapter 11 plan without any competing proposals. And the state of Ohio objected to a motion from U.S. Gypsum to reopen its Chapter 11 case nearly 20 years after its plan was confirmed.
Small Biz, Consumer Bankruptcies On The Rise In 2025
More small businesses and consumers sought bankruptcy protections at the start of 2025 compared to the same period last year, according to recently released data, as economic uncertainty, macroeconomic pressures and an end to pandemic-era relief programs converge.
23andMe Gets Privacy Watchdog, Yellow Investors Push Ch. 7
A Missouri bankruptcy judge signed off on a consumer privacy watchdog for 23andMe's Chapter 11. A group of shareholders and unsecured creditors that previously supported Yellow Corp. attempting a Chapter 11 plan have shifted gears and asked a Delaware bankruptcy judge to convert the case to a Chapter 7 liquidation. Chicken restaurant Sticky's won a Delaware bankruptcy judge's tentative permission to sell its assets to an investment fund for $2 million.
Under The Radar: Bankruptcy News You May Have Missed
Conspiracy theorist Alex Jones asked a Texas bankruptcy court to restart the auction for his Infowars assets. Restaurant chain TGI Fridays requested additional time to file its Chapter 11 plan without any competing proposals. And the state of Ohio objected to a motion from U.S. Gypsum to reopen its Chapter 11 case nearly 20 years after its plan was confirmed.
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Large Cap More
Crypto mining company Mawson Infrastructure Group Inc. asked a Delaware bankruptcy judge to throw out an attempt by Celsius Network to impose sanctions on Mawson in the company's involuntary Chapter 11 case, s... (more story)
Drugstore chain Rite Aid Corp. reentered bankruptcy Monday less than a year after its earlier reorganization plan was approved, filing for Chapter 11 protection in New Jersey bankruptcy court with more than $1... (more story)
The U.S. arm of Indian tech giant Byju's sued a British company in Delaware bankruptcy court on Monday, alleging the defendant is the recipient of $533 million in company funds as part of a years-long plot to ... (more story)
Bankrupt OxyContin-maker Purdue Pharma LP wants the U.S. Supreme Court to revive its legal effort to use patent laws to block the release of a competing "crush-resistant" generic painkiller, challenging a Fede... (more story)
Brown Rudnick LLP is asking a Texas bankruptcy judge to authorize nearly $4.3 million in fees for its work for the talc claimants committee in the Red River Talc Chapter 11, saying its work against previous Jo... (more story)
The wind down estate of J.C. Penney beefed up its allegations that Jackson Walker covered up a relationship between a former bankruptcy partner and Texas bankruptcy judge in an updated lawsuit to recover over ... (more story)
Bankruptcy judges may be among the jurists called upon to mediate New Jersey federal court cases without compensation, according to a proposed amendment to court rules.
The U.S. Supreme Court heard arguments in five cases this week, including over whether states can exclude private religious schools from charter school programs and if disabled children must meet a more string... (more story)
EY won an attempt on Friday to reveal a $9.66 billion settlement inked by a United Arab Emirates health care business and senior company officers accused of a $4 billion fraud as it defends itself against alle... (more story)
Wells Fargo has urged the U.S. Supreme Court to reject Hertz's appeal of a Third Circuit ruling that the car rental giant owes $272 million in make-whole payments and interest to noteholders following a Chapte... (more story)
Mid Cap More
A Delaware bankruptcy judge on Monday agreed to give the green light to power plant operator Burgess BioPower LLC to solicit votes on its second Chapter 11 plan, which contemplates a debt-equity swap.
The official committee of unsecured creditors in Exactech Inc.'s Chapter 11 case told a Delaware bankruptcy judge that the company's solicitation packages sent to tort claimants violate court-approved procedur... (more story)
Counsel for the owners of Heritage Coal told a Delaware bankruptcy judge on Monday that if secured and unsecured creditors cannot reach a deal by Tuesday, the company will have to move to convert its bankruptc... (more story)
Arizona-based Royal Interco LLC, which supplies private-label paper products for grocery chains including Trader Joe's and Aldi, was given final approval on Friday from a Delaware bankruptcy judge to access a ... (more story)
A Pennsylvania federal judge has granted the request of a Philadelphia lawyer sentenced in 2023 to prison and supervised release for resolving cases behind the back of his former firm to be let out of probation early.
23andMe executives told a meeting of creditors Friday that more than 1.3 million customers have asked the DNA testing company to cancel their accounts and delete their genetic information since it entered Chapter 11.
The owner of a 32-unit Manhattan condominium building has filed for Chapter 11 protection in the face of a foreclosure sale, saddled with $32 million in mortgage debt.
A defunct advertising app that alleged Google's decision to boot it from the Google Play Store harmed market competition for digital advertising asked the Ninth Circuit to reinstate its claims, arguing Wednesd... (more story)
Mass tort attorney Truett Akin IV is being pursued in his Texas bankruptcy case by his largest creditor, an affiliate of litigation funder Virage Capital Management LP, which this week sought to force Akin to ... (more story)
A New York bankruptcy judge on Thursday gave Publishers Clearing House permission to keep the prize checks flowing as attorneys for the sweepstakes business said they hope to close the sale of the company by the end of June.