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Expert Analysis

Receivership Law May Streamline Real Estate Sales In Illinois

The Illinois Receivership Act, which goes into effect Jan. 1, provides much-needed clarity on the issue of receive... (more story)

Tariffs And Trade Volatility Drove 2025 Bankruptcy Wave

The Trump administration's tariff regime has reshaped the commercial restructuring landscape this year, with an in... (more story)

The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations

Amid a surge in commercial office leasing driven by artificial intelligence firms, it's crucial for landlords to b... (more story)

Large Cap More

VC Apple Tree Fights Billionaire Backer's Ch. 11 Dismissal Bid

A Delaware bankruptcy judge on Monday declined to quickly decide a motion to dismiss venture capital biotechnology investor Apple Tree Life Sciences Inc.'s Chapter 11 case brought by the family trust of a Russ... (more story)

Fast-Track Sale Timeline Denied In Furniture Co. Ch. 11

A Delaware bankruptcy judge rejected an expedited timeline for the sale of the assets of home furnishing retailer American Signature Furniture, finding that the proposed 34-day process would not give enough ti... (more story)

Spirit Gets Another $100M; Probe Finds No Ch. 22 Bad Faith

Spirit Airlines will be able to tap into an additional $100 million of post-bankruptcy financing, it said Monday, the same day that an examiner found no evidence of bad faith in the budget airline's back-to-ba... (more story)

Ed Tech Co. Anthology Can Send Ch. 11 Plan To Creditor Vote

A Texas bankruptcy judge on Monday cleared Anthology Inc. to solicit votes on its Chapter 11 plan, which would see senior creditors receive the majority of equity in the reorganized education technology group.

First Brands Gets June Trial In Fraud Case Against Ex-CEO

A Texas bankruptcy judge on Monday agreed to schedule a two-week trial in First Brands' adversary case against former CEO Patrick James, saying he would hear in June the auto-parts maker's allegations that Jam... (more story)

Ardagh's Financing Unit Files Ch. 15 With Nearly $2B Debt

A subsidiary of sustainable metal and glass packaging company Ardagh Group has filed for Chapter 15 recognition in New York, seeking U.S. court recognition of restructuring proceedings pending in Luxembourg.

Self-Driving Tech Co. Luminar Hits Ch. 11 With Plans To Sell

Luminar Technologies Inc., which develops lidar technology used in autonomous vehicles, filed for bankruptcy protection in Texas on Monday with at least $500 million in debt and plans to sell its assets.

Prospect Medical Wins OK For Chapter 11 Plan

A Texas bankruptcy judge approved Prospect Medical Holdings Inc.'s Chapter 11 plan after overruling a slew of objections during an all-day hearing Friday and allowing the healthcare group to hand off its remai... (more story)

Modivcare Wins Approval For Debt Swap In Ch. 11

A Texas bankruptcy judge agreed Friday to approve medical transportation company Modivcare's Chapter 11 plan, following a four-day valuation trial, clearing the way for the debtor's planned $1.1 billion debt-equity swap.

First Brands Seeks Access To $250M As DIP Loans Drop

Struggling auto parts maker First Brands said on Friday it needs quick access to $250 million in cash that's being held by customers or stuck in segregated accounts, telling a Texas bankruptcy judge a decline ... (more story)

Mid Cap More

Trustee Sues SafeMoon Leaders Over Alleged Fraud Scheme

The liquidating trustee for cryptocurrency asset company SafeMoon has filed a lawsuit in Utah bankruptcy court accusing former top executives of looting tens of millions of dollars from "liquidity pools" and u... (more story)

Roomba Maker IRobot Hits Ch. 11 To Hand Control To Lenders

IRobot Corp., the maker of the Roomba robot vacuums, has filed for Chapter 11 protection in Delaware bankruptcy court with over $250 million in debt and a plan to hand control of its business to its secured creditor.

Lender Says PosiGen Got $25M Loan With Fraud

A lender to PosiGen has filed an objection in Texas bankruptcy court to the bankrupt solar panel leasing company's request to use its cash, saying some of that money is from a $25 million loan PosiGen obtained through fraud.

Trinity Urges Judge To Toss $362K Merit Street Expenses Bid

Trinity Broadcasting of Texas Inc. asked a bankruptcy judge in Dallas to deny a request by Merit Street Media to pay $362,000 in expenses, saying the payroll and benefits the debtor purports that it needs to c... (more story)

Job.com Operator To Solicit Ch. 11 Plan Vote

A Delaware bankruptcy judge on Friday gave My Job Matcher Inc., the insolvent operator of recruiting platform Job.com, permission to solicit creditor votes for its Chapter 11 plan, saying an unusual mechanism ... (more story)

PrimaLend's Parent Co. Files Ch. 11 With Equity Holder OK

PCAP Holdings LP, the parent company of bankrupt auto dealership lender PrimaLend Capital Partners, itself filed for Chapter 11 protection on Friday after PrimaLend's noteholders complained that the parent was... (more story)

Oakland Diocese Beats Deadline For Ch. 11 Plan Proposal

The Roman Catholic Diocese of Oakland Thursday submitted a term sheet for a plan to create a $242 million settlement trust for sexual abuse claims ahead of a deadline that could have seen the dismissal of the ... (more story)

Alex Jones Atty's Pared-Down Suspension Upheld On Appeal

A Connecticut appeals court on Friday upheld the two-week suspension of former Alex Jones lawyer Norm Pattis, agreeing that a trial court judge was within her discretion to bench the attorney over his law firm... (more story)

Fla. Judge OKs Ch. 11 Plan For $1.7B Miami High-Rise Plot

A Florida bankruptcy judge confirmed Thursday the Chapter 11 plan for the owners of a prized piece of land proposed for a high-rise construction along the skyline of downtown Miami that could be worth more tha... (more story)

Judge Probes Alleged Fake Docs In Miss America Dispute

A Florida federal judge said Thursday that he wants to get to the bottom of the authenticity of operating agreements for two companies associated with the Miss America pageant filed in court in a $500 million ... (more story)