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What's Happening In Bankruptcy Court This Coming Week
This coming week, bankruptcy judges will hear arguments regarding the Chapter 11 plans of the Catholic diocese in Syracuse, New York, medical device manufacturer Exactech and nursing facility operator Petersen Health Care. Meanwhile, genetics company Synthego is seeking final approval of $50 million in debtor-in-possession financing. Additionally, right-wing conspiracy theorist Alex Jones is preparing for a status conference in his Chapter 7 case.
Quick Growth, Stiff Competition Led To Everstream's Ch. 11
Everstream, a provider of fiber networks to businesses, was pushed into Chapter 11 by burdensome debt, disappointing returns on an aggressive expansion effort and a highly competitive market despite efforts to address its problems, according to its bankruptcy papers.
Under The Radar: Bankruptcy News You May Have Missed
A creditors committee objected to Party City's liquidator, Gordon Brothers, being classified as an estate professional entitled to funds in the retailer's bankruptcy. Blue Cross Blue Shield of Massachusetts challenged Steward Health Care's Chapter 11 liquidation plan, and the debtor proposed a revised plan featuring a settlement. And customer loyalty company Kognitiv moved to dismiss its Chapter 11 case, saying it has nothing left to sell.
What's Happening In Bankruptcy Court This Coming Week
This coming week, bankruptcy judges will hear arguments regarding the Chapter 11 plans of the Catholic diocese in Syracuse, New York, medical device manufacturer Exactech and nursing facility operator Petersen Health Care. Meanwhile, genetics company Synthego is seeking final approval of $50 million in debtor-in-possession financing. Additionally, right-wing conspiracy theorist Alex Jones is preparing for a status conference in his Chapter 7 case.
Quick Growth, Stiff Competition Led To Everstream's Ch. 11
Everstream, a provider of fiber networks to businesses, was pushed into Chapter 11 by burdensome debt, disappointing returns on an aggressive expansion effort and a highly competitive market despite efforts to address its problems, according to its bankruptcy papers.
Under The Radar: Bankruptcy News You May Have Missed
A creditors committee objected to Party City's liquidator, Gordon Brothers, being classified as an estate professional entitled to funds in the retailer's bankruptcy. Blue Cross Blue Shield of Massachusetts challenged Steward Health Care's Chapter 11 liquidation plan, and the debtor proposed a revised plan featuring a settlement. And customer loyalty company Kognitiv moved to dismiss its Chapter 11 case, saying it has nothing left to sell.
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Large Cap More
A Texas bankruptcy judge on Friday sent Steward Health Care's Chapter 11 plan out for a creditor vote and approved a settlement between the hospital chain and its secured lenders, saying the deal is the only w... (more story)
A Louisiana bankruptcy judge Friday scheduled a confirmation trial to begin in late September in the Archdiocese of New Orleans' Chapter 11 case, saying the proceedings have been ongoing for five years and she... (more story)
Barclay Damon LLP has added the former chair of Lite DePalma Greenberg & Afanador LLC's corporate, commercial and bankruptcy department to bolster its bankruptcy team and enhance its commercial and corporate l... (more story)
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A Saudi Arabian prince evaded a bankruptcy petition from telecommunications business over a $1.2 billion arbitration debt, as a London appeals court ruled Friday that the company cannot challenge an earlier fi... (more story)
Hospital chain Steward Health Care on Thursday asked a Texas bankruptcy judge to approve a settlement with its Chapter 11 lenders and send its bankruptcy plan out for a creditor vote, overruling arguments the ... (more story)
Cybersecurity company Cloudflare has urged a New York bankruptcy judge to let it appeal his decision to not dismiss a $50 million adversary lawsuit brought against the business by cryptocurrency debtor Celsius... (more story)
A Texas bankruptcy judge Thursday gave Everstream Networks permission to tap $35 million of its $186 million debtor-in-possession financing package as the company, which provides fiber network services to busi... (more story)
Mid Cap More
Construction and engineering group ENGlobal received initial approval from a Texas bankruptcy judge Friday to send its Chapter 11 plan to creditors for voting, after lawyers representing the debtor said they w... (more story)
A New York bankruptcy judge ruled Friday that information technology contractor Sysorex Government Services Inc.'s retainer on deposit for its Chapter 11 counsel was enough to establish venue in New York, reje... (more story)
Intrepid USA Inc., a home health and hospice service provider that was part of Lynn Tilton's turnaround empire, has filed for Chapter 7 liquidation in a Texas bankruptcy court with more than $88 million in deb... (more story)
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The chief financial officer of bankrupt construction services company Gateway Development Group Inc. and the daughter of the company's chair have escaped a Chapter 7 trustee's claims that they helped the chair... (more story)
A group of property development companies that Montgomery McCracken Walker & Rhoads LLP represented through years of bankruptcy reorganization still owe the firm $680,000, a Pennsylvania federal judge ruled Wednesday.
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Burr & Forman LLP has added a bankruptcy attorney from McCarter & English LLP to its Wilmington, Delaware, office to advise clients in corporate reorganizations and litigation in Chapter 11 and Chapter 7.
Fiber network developer Tilson Technology Management Inc. and affiliates filed for Chapter 11 protection in Delaware bankruptcy court Thursday with $100 million to $500 million in debt, claiming a client's rec... (more story)