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Brazilian energy company Raizen SA is preparing to seek a New York bankruptcy judge's approval of its more than $12 billion restructuring, saying in a motion this week that the Shell-supported plan will let it remain in business and preserve thousands of jobs across multiple countries.
The trust created by FTX's Chapter 11 plan has reported it further winnowed down the onetime cryptocurrency giant's debts by about $600 million during the second quarter, leaving it with less than $12 billion of liabilities to go against $6.5 billion in assets.
A New York bankruptcy judge had to weigh the acumen of a sports media impresario against the benefits of an independent administrator for the business he placed into Chapter 11, before concluding it was best for her to dismiss the case.
The ousted CEO of an aquatic park operator made a bid to block an asset sale, real estate company Simry contended with a motion to dismiss its Chapter 11 from one of the business' controlling family members, a... (more story)
Investment firm 777 Partners received interim approval to access $600,000 in debtor-in-possession financing Thursday, but a Texas bankruptcy judge reserved a decision on who would be providing the remaining $8... (more story)
North Carolina-based energy efficiency aggregator American Efficient asked the bankruptcy judge overseeing its Chapter 11 case in the state to sanction grid operator PJM Interconnection LLC for withholding rou... (more story)
A group of about 6,000 Australian claimants can't stop a post-confirmation Endo International trust from distributing $2 million to women who said they were injured by defective vaginal mesh products, a New Yo... (more story)
GrayRobinson PA announced Thursday that a team of five bankruptcy attorneys, including three shareholders, have joined the firm's Boca Raton, Florida, office from a recently shuttered boutique.
Carmody Torrance Sandak & Hennessey LLP has escaped all but a sole malpractice claim in a 2024 lawsuit by Gayle Killilea Dunne, the ex-wife of Irish real estate developer Sean Dunne, whose $942 million bankrup... (more story)
Bankrupt nursing home operator Genesis and two other companies have agreed to resolve a Chapter 11 adversary action in Texas targeting the two firms, which Genesis said have connections to a shareholder accuse... (more story)
The litigation trustee for wood-pellet producer Enviva Inc.'s Chapter 11 litigation trust has sued five former executives in the Delaware Chancery Court, accusing them of secretly committing the company to mor... (more story)
Bankrupt investment firm 777 Partners told a Texas bankruptcy judge Wednesday that it has selected an $8.6 million offer from a group of existing lenders to provide post-petition financing for the company afte... (more story)
Jackson Walker said this week that the U.S. Department of Justice's bankruptcy watchdog is beyond the bounds of its authority in a yearslong effort to force the firm to return millions of dollars in legal fees... (more story)
A federal judge in New York sentenced the founder of bankrupt apparel company CaaStle to five years in prison on Thursday after she admitted to deceiving investors about the prospects of her supposed $1.4 bill... (more story)
A Delaware bankruptcy judge Thursday agreed to approve a trio of sales that will bring in $52 million in cash for Sangamo Therapeutics, after attorneys representing the life sciences group told the court a com... (more story)
Camp Mystic is urging a Texas federal court to reject bids to return wrongful death lawsuits over flooding fatalities there last summer to state court, saying federal law is clear that personal injury and wron... (more story)
A Delaware bankruptcy judge Thursday said he would consider ed-tech company Conscious Content Media's request for $3 million in additional Chapter 11 financing next week, after the creditors committee pushed b... (more story)
The owner of an Oklahoma apartment complex asked a bankruptcy judge on Tuesday to appoint a Chapter 11 trustee in the insolvency case of YSA Investments 1 LLC, saying ongoing litigation and questions about the... (more story)
Education technology firm Conscious Content asked a Delaware bankruptcy judge Wednesday to let it take out $3 million in new Chapter 11 financing, telling the court the company needs the additional cash while ... (more story)
Hunton Andrews Kurth LLP announced Wednesday that it has boosted its national restructuring and bankruptcy practice with a Dallas-based partner who came aboard from Allen Overy Shearman Sterling.
Most of law school trial advocacy is geared toward the sprint of trying a short case, but beyond managing a cross-examination or closing argument, effectively handling the marathon of a lengthy trial requires ... (more story)
A major U.S. distributor of horticultural and agricultural supplies, BFG Supply Co. LLC, filed for Chapter 11 bankruptcy protection in Delaware, reporting between $100 million and $500 million in both assets a... (more story)
Michael Shabsels, one of the brothers who were in charge of a summer camp and real estate empire before it crashed in June, has two weeks to file financial information in his own Chapter 11 case or else face c... (more story)
Hannah Hutman and Starria Cuffee
As regulatory enforcement continues and more small businesses turn to Subchapter V bankruptcy to manage merchant c... (more story)
Eliad Shapiro
Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped d... (more story)
Susanne Moore
As the correctional healthcare industry increasingly faces financial instability due to litigation, the U.S. Burea... (more story)