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Several small restaurant operators across Florida have turned to Chapter 11 Subchapter V, a streamlined bankruptcy process for small businesses, citing declining revenue and heavy debt burdens.
Technology and cybersecurity services group TPx Communications has tapped lawyers from Sidley Austin LLP to assist the debtor as it seeks to address some $1.1 billion in debt through Chapter 11.
Energy-efficiency aggregator American Efficient LLC filed for Chapter 11 protection as it fights a $1.1 billion fine from a federal regulator, blaming the penalty on rules that it said don't actually exist and wouldn't be enforceable even if they did.
Reorganized commodities brokerage MF Global proposed a multistep restructuring process that it says will help speed up and increase recoveries due to unsecured creditors nearly 13 years after a New York bankru... (more story)
Objecting noteholders have told a New York bankruptcy judge that the Chapter 15 cases of U.S. affiliates of Spanish auto parts maker Grupo Antolin violate U.S. bankruptcy principles and should be thrown out, w... (more story)
A New York bankruptcy judge has overruled the objection from the U.S. Trustee to the employee retention plan from Sleep Number, finding that the employees aren't insiders, that the risk of them leaving was rea... (more story)
Buchalter PC announced that a longtime bankruptcy attorney who previously served on the firm's board of directors has been named managing partner of its San Francisco office.
Baker Donelson Bearman Caldwell & Berkowitz PC has fortified its bankruptcy practice with a Houston-based shareholder who came aboard from Winstead PC.
YSA Investments 1, a private lender and asset management company, has filed for Chapter 11 protection in Delaware bankruptcy court with more than $500 million in debt.
Bankrupt specialty materials maker Alkegen received permission Tuesday from a Texas judge to access part of a $630 million bankruptcy loan from existing lenders after opposition over the size of the interim pa... (more story)
Investment platform Linqto and its unsecured creditors committee got a hearing delayed in their lawsuit against the debtor's liquidating trustee, after telling a judge Tuesday the parties were working on a resolution.
A minority term lender group in Trinseo PLC's Chapter 11 case is asking a Texas bankruptcy judge to let it seek approval for its own reorganization plan for the plastic maker, saying the debtor's prearranged p... (more story)
A Texas bankruptcy judge Tuesday authorized TV service provider Dish to pay back some $2 billion in notes using proceeds from a $23 billion deal between its nondebtor parent, EchoStar Corp., and cell phone net... (more story)
Simry Realty Corp. and members of the Haruvi family who placed it into Chapter 11 have balked at a request by another member of the family to scrap the bankruptcy, saying the case was properly authorized and f... (more story)
A New Jersey federal judge allowed cosmetics company Glamour Dolls Inc. to pursue claims against an investor who the company claims promised to barter consulting services for a stake in the business, but then ... (more story)
The U.S. Securities and Exchange Commission claimed two real estate investment trust executives raised $152 million in a fraudulent securities offering and misrepresented the company's bleak outlook in an exte... (more story)
Future Legends LLC, the owner of a sports complex in Colorado, has filed for Chapter 11 protection in California with $100 million to $500 million in liabilities following legal battles with a local government... (more story)
The Third Circuit affirmed Tuesday that hospital owner Alecto Healthcare Services' streamlined Chapter 11 and the resulting plan confirmation withstood an appeal by a creditors' group.
Tubos, a steel pipe maker, filed for Chapter 15 protection in a Texas bankruptcy court Tuesday, seeking recognition of a Spanish insolvency proceeding it had launched, saying U.S. tariffs damaged its business.
The chief financial officer for an insurance company told a Florida jury Tuesday that a stock drop for Patriot National Inc. — which is suing Simpson Thacher & Bartlett LLP for malpractice for allegedly puttin... (more story)
David Shabsels, who listed $782 million of liabilities in his personal Chapter 11 bankruptcy case, said Monday he often signed loan documents that were given to him by his brother, against whom he may have fut... (more story)
The owner of a West Virginia coal-fired power plant filed for Chapter 11 relief Monday with more than $70 million of funded debt and plans to sell the facility, with the new management installed earlier this y... (more story)
The owner of a century-old mansion turned hotel and event venue told a New York bankruptcy judge on Monday that it is in talks with a buyer for the property with an offer that would repay creditors in full and... (more story)
Elisha Kobre and George Frank
The Second Circuit recently held that a properly drafted contractual blocker — which caps an investor's beneficial... (more story)
Kate Wellman, John Stoker and Neil Bloomfield
A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolutio... (more story)
Jessica Caterina
Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly every... (more story)