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Meet The Attorneys For Sonder, Ch. 7 Trustee
Sonder has tapped a lawyer from Pachulski Stang Ziehl & Jones LLP for its bankruptcy and the Chapter 7 trustee has assembled a team from Duane Morris LLP and Sullivan Hazeltine Allinson LLC as the debtor liquidates under pressure from more than $1 billion in debt.
Under The Radar: Bankruptcy News You May Have Missed
A California bankruptcy judge gave a Catholic diocese more time to propose a plan to end its Chapter 11 case, a Beijing-based real estate developer asked to have its involuntary bankruptcy case dismissed, and noteholders in subprime auto lender Tricolor's Chapter 7 sought discovery powers.
Catholic Dioceses Facing Rockier Road To Resolve Ch. 11s
A trio of recent Chapter 11 cases are illustrating the new reality for Roman Catholic dioceses trying to address their child sexual abuse liabilities in bankruptcy court, with the cases taking longer to resolve and only moving forward after threats of dismissal.
Meet The Attorneys For Sonder, Ch. 7 Trustee
Sonder has tapped a lawyer from Pachulski Stang Ziehl & Jones LLP for its bankruptcy and the Chapter 7 trustee has assembled a team from Duane Morris LLP and Sullivan Hazeltine Allinson LLC as the debtor liquidates under pressure from more than $1 billion in debt.
Under The Radar: Bankruptcy News You May Have Missed
A California bankruptcy judge gave a Catholic diocese more time to propose a plan to end its Chapter 11 case, a Beijing-based real estate developer asked to have its involuntary bankruptcy case dismissed, and noteholders in subprime auto lender Tricolor's Chapter 7 sought discovery powers.
Catholic Dioceses Facing Rockier Road To Resolve Ch. 11s
A trio of recent Chapter 11 cases are illustrating the new reality for Roman Catholic dioceses trying to address their child sexual abuse liabilities in bankruptcy court, with the cases taking longer to resolve and only moving forward after threats of dismissal.
Expert Analysis
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Considering recent bankruptcy statistics and the economic climate, now is a good time for companies to revisit the... (more story)
Large Cap More
Counsel for telecommunications business Broadband Telecom Inc. said that the debtor's chief restructuring officer had made progress on obtaining records and assessing its business, but is still seeking full an... (more story)
The U.S. Solicitor General told the Supreme Court late Wednesday that it should not take up an appeal from reorganized debtor Hertz Corporation over a $272 million make-whole payment dispute because the circui... (more story)
The Louisiana bankruptcy judge overseeing the bankruptcy of the Roman Catholic Archdiocese of New Orleans said Thursday she will take the weekend to consider insurer objections to the archdiocese's Chapter 11 ... (more story)
Spirit Airlines says it has reached a $140 million agreement with International Aero Engines related to engines that had grounded some of the budget airline's fleet.
Squire Patton Boggs LLP announced Wednesday that it has hired the former vice chair of Foley & Lardner LLP's bankruptcy and restructuring practice.
The Cayman Islands parent company of Chapter 15 debtor Canterbury Securities filed for its own insolvency case late Wednesday in New York, with the same joint liquidators seeking recognition of a foreign proce... (more story)
Blank Rome LLP will elevate 14 attorneys to partner in the new year, its highest partnership class in seven years.
Country Garden Holdings Co., a major Chinese property developer, received U.S. recognition of its Hong Kong restructuring plan designed to trim more than $11 billion in debt, with a New York bankruptcy judge e... (more story)
Party City franchisees want to file an amended complaint in their case accusing the corporate retail chain of monopolizing the market before the court rules on a dismissal bid, the franchisees told a New Jerse... (more story)
A Connecticut judge has approved a modified moratorium that protects PHL Variable Insurance Co. and two subsidiaries during a state rehabilitation, agreeing to a plan that could reduce universal life death ben... (more story)
Mid Cap More
A Delaware bankruptcy judge Friday gave a Florida biotechnology company permission to hold an auction in January for the royalty rights to a line of monkey cells being used to develop a smallpox vaccine.
Long Island-based real estate holding company Giapreet LLC filed for Chapter 11 in a New York bankruptcy court with just over $35 million in liabilities.
A Delaware bankruptcy judge agreed Thursday to grant conditional approval for bankruptcy mortgage servicer AmeriFirst's disclosure statement outlining its Chapter 11 plan, finding the objections raised by the ... (more story)
A New York law firm filed for Chapter 11 bankruptcy relief a week after its creditors filed involuntary Chapter 7 liquidation petitions and more than a month after the firm's founder accused the creditors of a... (more story)
Google is opposing a move by Unlockd Media seeking the recusal of U.S. District Judge Haywood S. Gilliam Jr. in an antitrust lawsuit in California federal court, arguing that the judge's close relationship wit... (more story)
Bitcoin miner Rhodium Encore's confirmation hearing will extend to a second day after a dispute over counsel fees for Lehotsky Keller Cohn LLP's work as special litigation counsel remained unresolved.
Two law firms have urged a Connecticut state court to dismiss a lawsuit brought by a creditor in a Chapter 7 case that accused them of failing to ably represent its interests in the underlying bankruptcy and a... (more story)
A secured lender of reorganized debtor BurgerFi International that purchased assets from the company in its Chapter 11 case has asked a Delaware bankruptcy judge to stay his order ruling that $885,000 in insur... (more story)
A Missouri bankruptcy judge Wednesday agreed to approve a $16.5 million settlement between genetic testing company 23andMe and its insurers, in which the carriers proposed to buy back the unused portion of the... (more story)
The bankrupt owner of two Philadelphia hospitals filed a Chapter 11 plan disclosure statement in Delaware bankruptcy court describing its plan to liquidate its remaining assets after selling St. Christopher's ... (more story)