To access this content, a subscription to Bankruptcy Authority is required.
An affiliate of American Efficient sued another organization in a bid to claw back about $10.2 million in Chapter 11, a Texas federal judge shot down an appeal stemming from auto parts company First Brands' bankruptcy and Sidley Austin LLP argued it was eligible to represent Genesis Healthcare.
U.S. bankruptcy filings were up more than 12% in the last 12 months, with a 50% surge in small business filings, approaching pre-pandemic levels as both consumers and businesses face what some experts said is a squeeze from multiple economic directions.
Several small restaurant operators across Florida have turned to Chapter 11 Subchapter V, a streamlined bankruptcy process for small businesses, citing declining revenue and heavy debt burdens.
A Texas bankruptcy judge Friday sent nursing home firm Genesis Healthcare's Chapter 11 liquidation plan out for a creditor vote, overriding contentions that Genesis had not provided enough information on a not... (more story)
A group of attorneys from Waldrep Wall Babcock & Bailey PLLC and Jenner & Block LLP is representing North Carolina-based energy efficiency aggregator American Efficient LLC in its Chapter 11 bankruptcy case, a... (more story)
Insolvent solar panel installation company Freedom Forever told a Delaware bankruptcy court Friday it will seek conversion of its Chapter 11 case to a Chapter 7 liquidation and terminate most of its employees,... (more story)
AFSA will focus on investigating the "systemic misuse" of personal insolvency proposals and predatory debt agreements, with CEO Tim Beresford saying these are the greatest threats to the insolvency system's in... (more story)
The Federal Communications Commission is not pleased that EchoStar is trying to convince a bankruptcy court to let it use a trust fund created to pay contractors to build its now-abandoned 5G network to instea... (more story)
A Delaware vice chancellor has dismissed, with prejudice, a stockholder lawsuit seeking to block new "highly dilutive" borrowing from the top lenders and shareholders of international student loan provider MPo... (more story)
The FTX Recovery Trust asked a Delaware bankruptcy judge to greenlight a settlement with the foreign representative of Junho Bang, a Korean citizen jailed over cryptocurrency fraud, that would return more than... (more story)
Bankrupt solar power company Freedom Forever on Thursday canceled a sale hearing for its assets after its CEO's bid failed to pass muster with the creditors committee, leaving the debtor's future uncertain as ... (more story)
A group of former Yellow Corp. workers on Thursday sued the defunct trucking giant and its liquidating trustee, alleging their personal information was exposed in a data breach last year and that the debtor wa... (more story)
A Florida executive who once tried to buy England's Everton soccer club on Thursday denied new charges accusing him of engaging in a $500 million fraud on lenders, before the judge hearing his case declined to... (more story)
A Texas federal judge has ordered the appointment of a Chapter 11 trustee to clean up "weeks of chaos" in the bankruptcy case of Louis Investments, a real estate management company that borrowed a 7,000% inter... (more story)
An attorney who is an expert in private investment in public equity transactions told a Florida jury hearing a malpractice case against Simpson Thacher & Bartlett LLP on Thursday that companies that enter into... (more story)
Robert Drain, the former Southern District of New York bankruptcy judge who oversaw Purdue Pharma's Chapter 11 case, will serve as a senior adviser and head of fiduciary services at M3 Partners, the restructur... (more story)
Bankrupt prison healthcare company YesCare will have a Chapter 11 trustee take over administration of its insolvency case after a Florida judge approved a deal with the official committee of unsecured creditors Thursday.
A Delaware bankruptcy judge signed off on Omnis Pleasants LLC's package of first day motions Wednesday, rejecting calls by the West Virginia power plant's parent company to toss the Chapter 11 as a bad faith filing.
A federal grand jury is investigating the bankrupt summer camp operator SIMAD Holdings, its controlling shareholders and related entities, and the company has received a demand to produce documents as part of ... (more story)
Simry Realty Corp. and members of the Haruvi family who placed it into Chapter 11 have balked at a request by another member of the family to scrap the bankruptcy, saying the case was properly authorized and f... (more story)
A New Jersey federal judge allowed cosmetics company Glamour Dolls Inc. to pursue claims against an investor who the company claims promised to barter consulting services for a stake in the business, but then ... (more story)
The U.S. Securities and Exchange Commission claimed two real estate investment trust executives raised $152 million in a fraudulent securities offering and misrepresented the company's bleak outlook in an exte... (more story)
Buchalter PC announced that a longtime bankruptcy attorney who previously served on the firm's board of directors has been named managing partner of its San Francisco office.
David Chase
Instructing a law school course on U.S. Securities and Exchange Commission investigations has made me a more thoug... (more story)
Elisha Kobre and George Frank
The Second Circuit recently held that a properly drafted contractual blocker — which caps an investor's beneficial... (more story)
Kate Wellman, John Stoker and Neil Bloomfield
A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolutio... (more story)