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Investment firm 777 Partners has hired a clutch of lawyers from Gray Reed & McGraw LLP to help it navigate the bankruptcy it began with nearly $3 billion of debt after a creditor's involuntary Chapter 7 petition expedited its Chapter 11 plans.
A newly minted bankruptcy lawyer can come out of law school prepared for many things, but attorneys say there are a considerable number of details not covered in a classroom, from the importance of learning how a bankrupt business works to how to talk a client out of a bad idea.
While First Brands sought to follow a Chapter 11 plan strategy like the one employed by Steward Health Care that aimed to pay professionals out of recoveries from future litigation, experts — and the judge himself — said the speculative nature of the strategy was a step too far for confirmation.
A New York bankruptcy judge installed a mediator in a condo board's case, a meal kit company asked for more time to file Chapter 11 plans without competition, and law firm Reed Smith LLP balked at an attempt t... (more story)
Womble Bond Dickinson announced Thursday it has added an attorney from Raines Feldman Littrell LLP in its Delaware office to bolster its finance, bankruptcy and restructuring group.
Schenck Price Smith & King LLP has announced that a veteran commercial litigator has come aboard the firm's Florham Park, New Jersey, office as a partner from Bertone Piccini LLP.
The litigation trustee for the Chapter 11 estate of insurance software firm Ebix Inc. received more time to make distributions to unsecured creditors, a Texas bankruptcy judge said Thursday.
Florida-based The Villages Health System has agreed to shell out more than $541.5 million to resolve allegations it violated the False Claims Act by submitting false diagnosis codes to get more money from Medi... (more story)
Automotive technology group OPmobility has asked a Delaware bankruptcy judge to block its former CEO from working for Marelli Corp., a bankrupt competitor that is working to exit Chapter 11, saying the appoint... (more story)
A bankruptcy judge said he would give interim approval to Galindo Law Firm's package of first-day motions Wednesday, allowing it to use cash on hand to fund operations, after the Texas mass tort firm resolved ... (more story)
A fast-cash funder has sued the now-bankrupt brothers who ran their summer camp empire into the dirt for guaranteeing nearly $6.4 million of loans earlier this year, alleging they were already insolvent and ha... (more story)
A Florida judge has granted investment firm 777 Partners' request to transfer its involuntary Chapter 7 case to the Texas court hearing its voluntary Chapter 11 case, saying the company has been managed from t... (more story)
Federal prosecutors said Tuesday that 26 summer camps illegally reaped more than $13 million from a COVID-19 relief program after one of their now-bankrupt owners allegedly "repeatedly lied" on loan documents.
Canadian government services software company Thentia Global Systems Inc. is asking a Delaware bankruptcy judge to recognize an asset sale already approved by a Canadian bankruptcy court — which would see buye... (more story)
The U.S. Trustee's Office is objecting to two Houston-area apartment complexes' requests to pay pre-and post-bankruptcy petition employee wages, saying the owner-operators have not secured permission to use ca... (more story)
Faegre Drinker Biddle & Reath LLP this week pressed its bid to strike expert witnesses proffered by a real estate investor claiming the firm gave bad advice about a deal to buy an A&P shopping center, saying i... (more story)
A Louisiana bankruptcy judge has declined to transfer a lawsuit launched by the Chapter 7 trustee of oil and gas company Cox Operating LLC against the insolvent firm's top brass, denying four motions from 25 d... (more story)
Bankrupt soda ash miner Searles Valley Minerals received a favorable ruling Wednesday from a Delaware bankruptcy judge, who said the company can move forward with an all-asset sale process that would allow it ... (more story)
Families of children and counselors who died at Camp Mystic last year told a Texas bankruptcy judge on Wednesday they plan to ask that a trustee be appointed to oversee the debtor's Chapter 11 case, calling Ca... (more story)
A Delaware bankruptcy judge gave interim approval to ed-tech company Conscious Content Media's request for $3 million in additional Chapter 11 financing after the debtor reached a settlement with the creditors committee.
An Ohio-based vertical farming startup, 80 Acres Urban Agriculture, filed for Chapter 7 liquidation in Delaware with several affiliates and listing $100 million to $500 million each in assets and liabilities.
Defunct drive-thru restaurant chain Salad and Go's unsecured creditors committee includes a mix of trade creditors, food vendors and landlords, the U.S. Trustee's Office has said.
Insurance holding firm Hallmark Financial Services on Tuesday received confirmation of its Chapter 11 plan, which calls for cutting about $116 million of the debtor's $135 million of funded debt through a debt... (more story)
Amy Denton Mayer
Taekwondo has taught me to recognize when to fight for a position and when to focus on finding a solution, and tha... (more story)
Buvini Kularatne, Ian Bambrick and Jeanine Leahy
After New Fortress Energy recently became the third Nasdaq-listed company to successfully undertake an English res... (more story)
Christopher Caplinger
As rising costs put increased pressure on restaurants, as evidenced by recent bankruptcy filings by Popeyes, Farme... (more story)