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Visual media and stock image company Getty Images received approval for its debtor-in-possession financing in its first-day hearing. State attorneys general asked the U.S. Supreme Court to hear a challenge to "Texas two-step" bankruptcies. Linqto was allowed to tweak its confirmed Chapter 11 plan to bring in a new liquidating trustee after filing an adversary proceeding against the original trustee.
A British Virgin Islands judge said he would dismiss the liquidation proceedings of Prince Global Holdings, whose founder is accused of running one of Asia's largest transnational criminal organizations, finding that the territory's attorney general who launched the proceedings has yet to provide evidence to back up the claims.
Two Catholic dioceses will have their Chapter 11 plans before bankruptcy judges, a Brazilian construction conglomerate will be seeking U.S. recognition of its $555 million reorganization and a liquor distributor will be seeking approval for its wind-down plan.
Nearly $3 billion in defaulted Venezuelan bonds should not be blocked from enforcement under the country's domestic law, the Second Circuit ruled Tuesday.
A New Jersey bankruptcy judge Monday signed off on a $13 million settlement between unsecured creditors of former summer camp operator SIMAD Holdings and its biggest secured lender, despite the IRS' objection to the deal.
The U.S. Bankruptcy Court for the District of Delaware has announced its judges will be conducting remote hearings for all first-day motions.
The Archdiocese of New York has reached an $800 million settlement to resolve about 1,200 outstanding claims of child sexual abuse.
Papaya Gaming Ltd. can continue paying its ordinary business expenses in the U.S., but the mobile game company must transfer funds from its Israeli bank accounts in advance to ensure creditors including Skillz... (more story)
Attorneys general for 20 states and the District of Columbia urged the U.S. Supreme Court to take up a challenge to the validity of "Texas Two-Step" bankruptcies, telling the high court a Fourth Circuit ruling... (more story)
A North Carolina bankruptcy judge on Friday denied energy aggregator American Efficient's requested sanctions against PJM Interconnection, saying the power grid operator's refusal to hand over $800,000 in post... (more story)
A term loan lender in the Chapter 11 case of Florida regional rail company Brightline Holdings has raised concerns about the unusual postpetition lending package in the bankruptcy, contending creditors should ... (more story)
A New Jersey bankruptcy judge approved a $535 million global settlement resolving estate claims tied to former talc supplier Whittaker Clark & Daniels Inc., a victory for corporate parent Berkshire Hathaway an... (more story)
A Delaware bankruptcy judge Friday agreed to grant Chapter 15 recognition of Papaya Gaming Ltd.'s insolvency proceeding in Israel but ordered the debtor to freeze funds in its U.S. bank accounts in light of an... (more story)
Boutique fitness studio operator and self-described "sport lifestyle" company FitLab has filed for Chapter 11 protection in Delaware with more than $100 million in liabilities.
The Chapter 7 trustee of Lucky Bucks Holdings LLC reached a settlement with the company's former gaming terminal operating subsidiary to split the proceeds of ongoing litigation over $200 million in disputed d... (more story)
An Australian creditor that helped force cryptocurrency miner Mawson Infrastructure Group Inc. into bankruptcy has urged the U.S. Bankruptcy Court for the District of Delaware to reject the company's bid to ho... (more story)
A Tennessee federal judge has denied an attempt by the chief executive of a whiskey maker to block asset sale efforts by the company's receiver pending an appeal of the court's decision to keep the receivership in place.
North Carolina's highest court has ruled that the automatic stay of a man's bankruptcy extended the deadline for a South Carolina real estate rental company to collect a debt he owed it, reversing a lower stat... (more story)
MS Amlin has denied that it owes $2.6 million to the owner of a vessel that ran aground in the Solomon Islands, saying it's not liable for legal costs linked to a $47 million arbitration award that a now-insol... (more story)
A Florida bankruptcy judge said Friday he will approve a global settlement that provides a Chapter 11 exit path for Popeyes Louisiana Kitchen franchisee Sailormen Inc., a deal reached after both the franchisor... (more story)
RiverStreet Communications, a provider of broadband, wireless and telephone services in rural Virginia and North Carolina, can access $10 million of an $80 million Chapter 11 financing package, despite an obje... (more story)
The U.S. Securities and Exchange Commission told a Florida federal court Friday that it wants to settle its $152 million investor fraud suit against a real estate investment trust and its founders.
A New York bankruptcy judge has granted Chapter 11 plan confirmation to the owner of a mixed-use property in Manhattan's SoHo neighborhood, letting it transfer the building to a secured lender that is also fun... (more story)
Kenneth Rosen
A dispute in the Hughes Satellite Systems Chapter 11 case, pending in Texas bankruptcy court, raises a recurring i... (more story)
Rob Pinson and Tim Anzenberger
As the U.S. alcohol industry, long regarded as recession-resistant and reliably profitable, confronts an unprecede... (more story)
Jennifer Maleski
The Fifth Circuit's recent decision in Adler v. Energy Debt Holdings warns buyers of secured claims to watch for b... (more story)