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Azul Judge Says Releases Proper In Ch. 11 Opinion
The New York judge who confirmed the Chapter 11 plan of Brazilian airline Azul SA last month issued an opinion Tuesday explaining his decision to overrule objections lodged by the U.S. Trustee's Office, saying the releases and exculpation provisions of the plan and the payment of indenture trustee expenses were all proper under the Bankruptcy Code and relevant case law.
Lender Dispute, Cash Sweep Led Food52 To Ch. 11
Unexpected cash sweeps by its prepetition lender at year-end forced Food52 Inc., an e-commerce company selling kitchen and home goods, to file for bankruptcy.
Under The Radar: Bankruptcy News You May Have Missed
Firstbase.io and a creditor fought over a law firm's bid for $1.6 million in fees, a New York judge gave a debtor access to a $500,000 postpetition financing package from an insider lender, and another approved a settlement between Bernie Madoff's trustee and Koch Industries.
Azul Judge Says Releases Proper In Ch. 11 Opinion
The New York judge who confirmed the Chapter 11 plan of Brazilian airline Azul SA last month issued an opinion Tuesday explaining his decision to overrule objections lodged by the U.S. Trustee's Office, saying the releases and exculpation provisions of the plan and the payment of indenture trustee expenses were all proper under the Bankruptcy Code and relevant case law.
Lender Dispute, Cash Sweep Led Food52 To Ch. 11
Unexpected cash sweeps by its prepetition lender at year-end forced Food52 Inc., an e-commerce company selling kitchen and home goods, to file for bankruptcy.
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Large Cap More
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Brazilian airline Azul SA secured a New York bankruptcy judge's approval Thursday to hire investment banks to help search for alternatives to $1.2 billion in exit financing offered by its Chapter 11 lenders, a... (more story)
A Texas bankruptcy judge on Wednesday said the former chief executive of bankrupt subprime car loan lender Tricolor Holdings will have to appear at a creditor meeting despite his argument that he won't be able... (more story)
A Texas bankruptcy judge Wednesday allowed former First Brands executives to access about half of the company's directors and officers insurance to help pay for their legal fees as they face misconduct claims,... (more story)
Minority noteholders that lost collateral rights in a 2022 financing deal at aircraft parts supplier Incora will appeal a decision by a Texas federal judge that had upheld the debt exchange, according to a not... (more story)
Nursing home operator Genesis Healthcare may hold a new Chapter 11 auction with a fresh stalking horse offer worth nearly $1 billion, a Texas bankruptcy judge ruled Wednesday, a month after she nixed the resul... (more story)
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Soon-to-be-retiring Delaware Supreme Court Justice Karen L. Valihura carved her name deeply into First State corporate law jurisprudence over her dozen years on the bench, at a time of surging caseloads and in... (more story)
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Mid Cap More
A Connecticut bankruptcy judge Thursday allowed a steel company to replace its counsel at Pullman & Comley LLC after failing to pay the firm more than $389,000 in fees and expenses, avoiding a possible dismiss... (more story)
Center City Healthcare, the former operator of two Philadelphia hospitals, received court approval Thursday to send its liquidation plan to a creditor vote, more than six years after it filed for Chapter 11 pr... (more story)
A Delaware bankruptcy judge said Thursday that he will approve the Chapter 11 liquidation plan for electric vehicle technology company Ideanomics Inc. once an injunction barring future claims in the plan is narrowed in scope.
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Taste of Belgium Rookwood LLC launched a streamlined Chapter 11 in Ohio bankruptcy court late on Tuesday, reporting about $156,000 in assets against $3 million in liabilities and aiming to stabilize its remain... (more story)
Expedia asked a Washington federal judge to help it seek assistance from Singapore's court system to get documents from Trip.com, saying the discovery is pertinent in an antitrust case brought by representativ... (more story)
The operator of a 369-bed skilled nursing facility in Albuquerque, New Mexico, has filed for Chapter 11 protection in a Florida bankruptcy court with more than $1 million in debt and has been granted joint adm... (more story)
A bankrupt Alabama hospital is asking a federal judge to allow it to drop out of a $2.8 billion antitrust class action settlement with Blue Cross Blue Shield, saying it may be forced to shut down unless it can... (more story)
Vectra Bank has accused a Colorado-based commercial finance company and two related business entities in state court of defaulting on a $6.5 million loan and said they now owe the bank more than $4.5 million.
The Washington, D.C.-based coffee chain Compass Coffee filed for Chapter 11 protection Tuesday with at least $11.7 million of estimated liabilities amid rent disputes with landlords, promising to soon disclose... (more story)