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Expert Analysis

5 Critical Changes Coming To Bankruptcy Rule 3002.1

Residential mortgage lenders and servicers should prepare for significant amendments to Bankruptcy Rule 3002.1 tak... (more story)

What 2 Profs Noticed As Transactional Law Students Used AI

After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, w... (more story)

Law School's Missed Lessons: Negotiation Skills

I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, whe... (more story)

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Catching Up With New Bankruptcy Case Action

A medical transportation company entered Chapter 11 in Texas to address $1.1 billion in debt, a business that rented out audiovisual equipment sought to begin liquidation in California, and the company that ow... (more story)

U.S. Trustee Asks To Pry Open Old HomeBanc Ch. 7

The Office of the U.S. Trustee has asked a Delaware bankruptcy court to reopen the 2007 bankruptcy case of HomeBanc Mortgage Corp. after $232,390 in funds from bank accounts that were not turned over at the Ch... (more story)

Canadian Tobacco Co.'s Tort Deal Gets US Recognition

A New York bankruptcy judge Tuesday granted U.S. recognition to the restructuring of one of Canada's largest tobacco distributors as part of its participation in a CA$32.5 billion ($23.59 billion) settlement o... (more story)

Rite Aid, Lease Buyer Hit Back At Landlord's Sale Objection

Bankrupt drugstore chain Rite Aid and the discount clothing retailer Ross Dress For Less are pushing back against a landlord who objected to the debtor's sale of 18 store leases to Ross, saying the planned sal... (more story)

Chubb Units Say No To Test Cases In Archdiocese Ch. 11

Insurance carriers for the Archdiocese of San Francisco urged a California bankruptcy court to reject a deal between the archdiocese and sexual abuse claimants to allow five lawsuits to proceed despite a Chapt... (more story)

Auto Parts Supplier Targets Tilton In $39M Clawback Case

An auto parts supplier asked a Michigan state court to hold collateralized debt promoter Lynn Tilton and several other defendants liable to the tune of nearly $40 million, alleging they had been involved in an... (more story)

Albany Diocese Creditors, Insurers Spar On Claim Challenges

Tort claimants have urged a New York bankruptcy judge not to hear insurers' objections to claims in the Chapter 11 of the Roman Catholic Diocese of Albany, challenging the companies' position they have a finan... (more story)

Marelli Wins Ch. 11 Ruling To Resume Arbitration In Italy

A Delaware bankruptcy judge said he would lift the automatic stay on an arbitration proceeding in Italy, finding that it wouldn't prejudice a company with counterclaims against automotive parts manufacturer Marelli Corp.

Kroll Catches Class Suit Over Crypto Bankruptcy Data Breach

Kroll has been hit with a proposed class action in Texas federal court from an FTX creditor who says the claims and noticing agent should've done more to secure user data and notify claimants of key bankruptcy... (more story)

US Trustee Objects To Opt-Outs In Wolfspeed's Ch. 11 Plan

The U.S. Trustee's Office has objected to the prepackaged Chapter 11 plan from chipmaker Wolfspeed Inc., arguing the opt-out mechanism for obtaining creditor support for third-party releases is nonconsensual.

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UpHealth Strikes Chapter 11 Deal With Glocal

Bankrupt medical technology company UpHealth told a Delaware bankruptcy court that it has reached a settlement with the Indian company Glocal Healthcare that would resolve a $200 million adversary proceeding l... (more story)

Village Roadshow Can Sell Studio Biz For $4.25M In Ch. 11

Movie producer Village Roadshow Entertainment Group, which helped create titles like "The Matrix" and "Ocean's Eleven," received a Delaware bankruptcy judge's approval Tuesday to sell its independent studio to... (more story)

The Fall Of NYC Nightclub Brooklyn Mirage

The owner of Brooklyn Mirage, a massive New York City nightclub, recently filed for bankruptcy, haunted by the ghosts of past, present and future: past concerts over which it's being sued; shows which cannot g... (more story)

Trustee For NJ House Flipper Cos. Seeks OK For Oct. Auction

The Chapter 11 trustee for companies tied to celebrity house flippers accused of a Ponzi-like scheme Monday asked a New Jersey bankruptcy judge to approve procedures for the sale of the companies' assets.

US Trustee Says Montessori Group's Deal Locks In Ch. 11 Plan

The U.S. Trustee's Office on Monday asked a Texas bankruptcy judge to reject Higher Ground Education Inc.'s request to assume a pre-bankruptcy deal with its lenders, saying the agreement dictates the terms of ... (more story)

3rd Circ. Upholds Shipbuilder's Ch. 11 Reopening

A split Third Circuit panel on Friday upheld, 2-1, a New Jersey bankruptcy judge's discretion in reopening Congoleum Corp.'s 2003 Chapter 11 case and barring Occidental Chemical from pursuing Congoleum affilia... (more story)

Truck Lease Protections Stymie Titan's First-Day Hearing

Issues surrounding adequate protection payments in favor of truck lessors and financiers prevented bankrupt trucking firm Titan CNG LLC from receiving approval on Friday for its cash management motion, with a ... (more story)

CFPB Inks Synapse Deal That Opens Door To Consumer Relief

The Consumer Financial Protection Bureau has reached a settlement with the bankruptcy trustee for Synapse Financial Technologies Inc. that could unlock millions of dollars in relief for consumers whose funds w... (more story)

Stoli Offers Revised Ch. 11 Plan With Lender Backstop

Vodka maker Stoli Group USA on Friday told a Texas bankruptcy judge it has modified its plan to partially pay off its secured debt with liquor by giving the lender a partial real estate backstop, but that it s... (more story)

Texas Recycling Biz Aims For Late September Auction

A Texas bankruptcy judge said Friday that he would approve bidding procedures for the assets of specialty recycler Aleon Metals LLC, setting up an auction Sept. 29 with a stalking horse bid from its debtor-in-... (more story)