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A winery in California's Napa Valley struggling to recover from wildfires hit Chapter 11. A vertical farming startup whose products were distributed by a dozen supermarket chains was forced to liquidate. And a military contractor foundered after losing a crucial government agency as a client.
Rising costs, diminishing enrollment and other tribulations pushed Lourdes University toward the Chapter 11 liquidation it began in August, bringing with it at least $10 million in liabilities.
Salad and Go won approval to auction about 130 leases, Camp Mystic families said they plan to seek a trustee to oversee the bankruptcy case. Insurance holding firm Hallmark Financial Services won confirmation of its Chapter 11 plan, and GoldenPeaks Poland secured approval to liquidate after an asset sale.
The U.S. solicitor general has urged the Supreme Court to decline to consider a suit from former Ruby Tuesday executives alleging Regions Bank inadequately protected their retirement plan benefits that were li... (more story)
The U.S. Securities and Exchange Commission has sued Mordechai Haim Ferder, the ex-CEO of bankrupt Lugano Diamonds & Jewelry Inc., and his wife to recover more than $17.7 million they allegedly reaped through ... (more story)
Noble Supply & Logistics on Tuesday told a Delaware bankruptcy judge that its lenders have given it 75 days to wrap up its Chapter 11 case in exchange for allowing the defense contractor to use their collatera... (more story)
A group of affiliates of Evolution Credit Partners filed their own version of a Chapter 7 conversion order in the bankruptcy case of First Brands Group, saying the debtor's proposal does not preserve any right... (more story)
A Florida federal magistrate judge on Tuesday recommended allowing Carlton Fields PA to intervene in a $500 million dispute over the ownership of the Miss America competition, one day after the company's CEO f... (more story)
A Delaware vice chancellor has appointed former U.S. Bankruptcy Judge Christopher S. Sontchi as a special magistrate to oversee the wind-down of an oil and gas investment fund at the center of litigation betwe... (more story)
The Florida Bar has asked the state's highest court for a protective order to "substantially" limit a suspended lawyer's "unduly burdensome" and "excessive" initial request for production of documents in a pro... (more story)
A Delaware bankruptcy judge Tuesday signed off on the Chapter 11 plan for a golf merchandise and course design company founded by legend Jack Nicklaus after hearing there was no opposition to how the plan will... (more story)
Bankrupt telecommunications company U.S. TelePacific Corp. sued software service provider Arista Networks Inc., accusing Arista of withholding tech support to force the debtor to switch from a contractual serv... (more story)
Nursing home operator Genesis Healthcare sought emergency approval of a settlement that would bring in $150 million, eliminate almost $431 million in claims and secure creditors' support for a plan to exit its... (more story)
A Texas bankruptcy judge Wednesday approved the $16 million sale of two Dallas apartment buildings owned by affiliates of property developer Lurin Real Estate Holdings.
The U.S. Trustee and the parent company of bankrupt Omnis Pleasants LLC said Herbert Smith Freehills Kramer LLP's prepetition work for two lenders disqualifies it from representing the West Virginia coal plant... (more story)
The U.S. Trustee and unsecured creditors questioned Camp Mystic's proposal to bring in independent directors, telling a Texas bankruptcy judge Tuesday that bringing in a Chapter 11 trustee or dismissing the ca... (more story)
Bankrupt microbiome treatment company Finch Therapeutics received court approval for its Chapter 11 plan and disclosure statement Tuesday in Delaware after reaching agreements to resolve opposition to the proposal.
Coffee chain 7 Brew emerged as the top bidder for 73 of drive-thru chain Salad and Go's leases with a $143 million offer, besting competitor Dutch Bros.' stalking horse bid of $105 million for 65 leases, couns... (more story)
A Texas bankruptcy judge on Tuesday told former Instant Brands owner Cornell Capital it must get his permission before suing the Instant Pot maker's litigation trustee, blocking a suit Cornell brought in Delaw... (more story)
Former Major League Baseball player Yasiel Puig Valdes has asked a Florida bankruptcy judge to vacate the dismissal of his Chapter 11 bankruptcy case, saying he and his attorney experienced technical difficult... (more story)
The manager of a Colorado-based investment fund accused mortgage lender Cherry Creek in state court of executing an "invalid" hidden subordination agreement that allowed the lender to delay its interest paymen... (more story)
Bankrupt pregnancy-technology firm Nuvo Group and an Israeli court-appointed trustee tasked with liquidating it reached an agreement that resolves their cross-border disputes by using a $9.75 million settlemen... (more story)
A Pennsylvania federal magistrate judge partly granted Meyer Unkovic & Scott LLP's bid for discovery in a malpractice suit over a $3.3 million default judgment that was later thrown out, ruling the firm can ob... (more story)
Robert Saunders
In states where the Uniform Assignment for Benefit of Creditors Act has been enacted — now including Delaware — qu... (more story)
Amy Denton Mayer
Taekwondo has taught me to recognize when to fight for a position and when to focus on finding a solution, and tha... (more story)
Buvini Kularatne, Ian Bambrick and Jeanine Leahy
After New Fortress Energy recently became the third Nasdaq-listed company to successfully undertake an English res... (more story)