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The Chapter 11 trustee for bankrupt personal injury law firm Munawar Law Group PLLC filed a reorganization plan and disclosure statement that would provide for repayment of three key secured creditors while allowing the firm to continue operating after confirmation.
Bankrupt talc miner Vanderbilt Minerals is set to undergo a plan disclosure hearing, a Texas judge is scheduled to take up discovery issues in Inspired Healthcare's bankruptcy, and a wine and liquor distributor is on the path to pursue confirmation of its Chapter 11 plan.
How did a California winery operated successfully by the same family since the 1850s find itself entering bankruptcy in September? The story of its path to Chapter 11 has notes of untimely expansion, pandemic pressures, changing consumer tastes and creditor discontent.
Creditors of Hughes Satellite Systems are seeking the right to propose their own Chapter 11 plan. LIV Golf secured approval for $53.6 million in bankruptcy financing and a $300 million restructuring agreement.... (more story)
Brazilian petrochemical and plastics company Braskem told a New York bankruptcy judge Monday it plans to pursue a Chapter 11 restructuring if its Chapter 15 case falls through due to a recent decision by a Bra... (more story)
Trevor Milton, the founder and former CEO of Nikola Corp., has sued an FBI agent and a witness who testified against him at his New York federal court trial, accusing them of working together in a coordinated ... (more story)
Mobile game developer Papaya Gaming Ltd. on Friday defended its bid for Chapter 15 recognition of its Israeli restructuring, arguing it has always been based in Israel and was not trying to manipulate jurisdic... (more story)
A California bankruptcy judge on Friday agreed to postpone a hearing on the Archdiocese of San Francisco's Chapter 11 disclosure statement by nearly two weeks after insurers said they need more time to examine... (more story)
LIV Golf is looking to vacate its more than 27,800-square-foot U.S. headquarters in New York City's tony Hudson Yards development, asking a bankruptcy judge to approve an agreement that calls for the landlord ... (more story)
The past week in London has seen closed cryptocurrency platform BitMEX sue Celsius Network amid ongoing litigation between the companies, and an independent music producer lodge a claim against Universal Music... (more story)
The U.S. Trustee's Office on Thursday asked a Texas bankruptcy judge to reject wine and spirits distributor Republic National's Chapter 11 plan, contending it contains sweeping and nonconsensual third-party releases.
Creditors of Hughes Satellite System told a Texas bankruptcy judge Thursday they should be allowed to propose their own Chapter 11 plan before the bankrupt satellite internet provider runs out of cash.
Dish Network told a New York federal court that settlement discussions are in progress for Walt Disney Co.'s breach of contract suit that challenged the satellite provider's short-term Sling TV passes and spur... (more story)
Bankrupt New York City nightclub Balcon Salon has reached a deal to sell its property and distribute the proceeds, most of which would go to its lender, and sought to hire a real estate adviser.
A Florida bankruptcy judge Monday suspended the Chapter 11 case of healthcare provider Mirra-Access Holdings for 45 days, approving the debtor's request for an abatement that it hopes will allow it to carry ou... (more story)
Cryptocurrency mining firm Mawson has urged a Delaware bankruptcy judge to hold a creditor based in Australia in contempt of a previous order directing it to post a bond, arguing the creditor should be fined $... (more story)
The Eleventh Circuit in an unpublished opinion backed a law firm accused of botching several financial transactions for a Puerto Rican microcap lender, affirming the findings of a jury and a lower court that i... (more story)
The Royal Bank of Scotland has hit back against a collapsed investment company's £73 million ($97 million) claim, denying it had any responsibility for allegedly allowing payments earmarked for solar farms to ... (more story)
A Delaware bankruptcy judge Thursday approved Searles Valley Minerals' Chapter 11 plan disclosures and set the soda ash miner on course for a late November plan confirmation hearing.
A New South Wales Supreme Court judge has allowed liquidators for Tahmoor Coal to repay a nearly $30.5 million loan to avoid potentially unfair claims from creditors, saying the loan helped maintain the coal m... (more story)
A California bankruptcy judge confirmed the Chapter 11 plan of almond grower Trinitas Advantaged Agriculture Partners after it replaced the injunction in its plan with a narrower extension of the automatic stay.
A Florida executive who once tried to buy England's Everton soccer club told a New York federal judge Thursday that he engaged in a large-scale financial sham, copping to fraud charges ahead of his scheduled Monday trial.
The nationwide system for providing notice to creditors in bankruptcy cases has been disrupted by a cybersecurity incident, and it is not currently known when the outage will end.
Jennifer Maleski
The Fifth Circuit's recent decision in Adler v. Energy Debt Holdings warns buyers of secured claims to watch for b... (more story)
Felix Shipkevich
As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should... (more story)
Daniel Lowenthal and Kimberly Black
Spirit Airlines' planned sale of deidentified business data to Google for artificial intelligence training exposes... (more story)