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For small business owners across the country, getting stuck in bankruptcy for years can come down to whether an individual judge thinks a nonvoting creditor class is a mathematical absurdity or a bar to a consensual plan.
A Spanish-language media company is seeking Chapter 11 relief after facing declining advertising revenue. A nationwide operator of bitcoin ATMs plans to wind down. And a boating supply business entered Chapter 11 with a restructuring support agreement to deal with more than $500 million in debt.
A judge rejected conspiracy theorist Alex Jones' appeal to shield assets belonging to his media business under the stay in Jones' personal Chapter 7 case. The Cannabist became the first marijuana company to secure Chapter 15 recognition of a foreign bankruptcy proceeding. And the U.S. Trustee's Office called for car parts giant First Brands' Chapter 11 case in Texas to be converted to a Chapter 7 liquidation.
Mexico-based marine oil rig service provider Demar is seeking U.S. recognition from a Texas bankruptcy judge for its Mexican restructuring proceedings, assisted by a team from Sequor Law PA.
Spencer Fane LLP announced that an experienced bankruptcy attorney has joined the firm's Plano, Texas, office as a partner following a stint with Dentons.
A Texas bankruptcy judge said Wednesday he would call an evidentiary hearing on White & Case's motion to hold Modivcare in contempt connected to a Chapter 11 fee dispute, after the firm accused the reorganized... (more story)
PHL Variable Insurance Co. life insurance policyholders on Tuesday accused Connecticut's interim insurance commissioner of bankrolling the struggling insurer's rehabilitation by receiving millions without guar... (more story)
The Archdiocese of Baltimore and a group of child sexual abuse claimants have both filed proposed Chapter 11 plans in the archdiocese's bankruptcy, one envisioning abuse claims trusts with at least roughy $169... (more story)
A coalition of 24 attorneys general and two governors are challenging a rule recently promulgated by the U.S. Department of Education, alleging in a complaint in Maryland federal court Tuesday that it unlawful... (more story)
White & Case's motion to hold Modivcare in civil contempt connected to a Chapter 11 fee dispute is built around unsupported conjecture, the reorganized medical transportation group has said, urging a Texas ban... (more story)
A Delaware bankruptcy judge on Tuesday said she would grant boating supply business West Marine Inc. a range of first day relief on an interim basis as it gets underway in its voyage through Chapter 11, includ... (more story)
Freight services company STG on Monday secured a New Jersey bankruptcy judge's approval of a Chapter 11 plan that will let the debtor cut more than $1 billion in liabilities, weeks after STG resolved major lit... (more story)
A Texas bankruptcy judge has given his assent on a final basis to a $300 million postpetition financing package in home shopping company QVC's Chapter 11 case.
A man who found himself on the wrong side of a more than $15 million default judgment for pirating movies through his virtual private network provider and then filed for bankruptcy urged a Florida federal cour... (more story)
A California bankruptcy judge Tuesday dismissed an adversary complaint launched by unsecured creditors of Oroville Hospital against UMB Bank, finding the creditors had failed to state a claim in their lawsuit ... (more story)
Counsel for cryptocurrency automatic teller machine Bitcoin Depot told a Texas bankruptcy judge Tuesday that regulatory pressure and self-imposed anti-fraud measures caused a sharp drop in revenue that sent th... (more story)
A Delaware bankruptcy judge Tuesday agreed to confirm the Chapter 11 liquidation plan for e-commerce group Food52, trimming a few features of the plan including releases for the debtor and the creditors committee.
Nikola Corp. founder Trevor Milton "has not paid a dime" of his $2.5 million share of an eight-figure settlement resolving shareholder litigation over a fraud-shadowed special purpose acquisition company merge... (more story)
The IRS can slap a tax assessment against a taxpayer without time constraints when a return is fraudulent, even if a third-party preparer was the scammer, the agency told the U.S. Supreme Court in opposing a w... (more story)
Dechert LLP announced Monday that it has added another attorney from McDermott Will & Schulte to its Dallas office, this time bringing on an attorney who will bolster its capacity to handle transactional matters.
Bitcoin Depot, a nationwide operator of bitcoin automatic teller machines, filed for Chapter 11 protection in a Texas bankruptcy court with nearly $27 million in debt and plans to wind down and sell its assets... (more story)
A Texas federal judge on Friday dismissed Alex Jones' appeal over whether Infowars operator Free Speech Systems LLC's assets are part of his Chapter 7 estate, a move that continues to allow the families of vic... (more story)
The operator of Infowars says bankrupt broadcaster Alex Jones has a legal right to "freely compete" with his former outlet, telling a Texas appeals court the website shut down because a court-appointed receive... (more story)
Melanie Oxhorn
Law school often skips over explicitly teaching students how to determine what kind of problem a case presents bef... (more story)
Luke Hasskamp
In Cumulus v. Nielsen, the Second Circuit is considering a structural pattern in which a monopolist exploits upstr... (more story)
Kevin Capuzzi and Melissa Sobrepera
Following a New York bankruptcy court's recent decision in 33 Mako, solvent debtors may find it significantly hard... (more story)