A group of bankruptcy experts has proposed removing the U.S. property requirement for foreign debtors seeking recognition of their foreign insolvency proceedings, a requirement the experts said was never intended for Chapter 15 cases.
A North Carolina energy efficiency aggregator sought bankruptcy protection after it was hit with a more than $1 billion civil penalty, an insurance group filed for Chapter 11 after recent litigation disrupted its business, and a Malibu mansion development filed for bankruptcy protection. Here are some of the latest insolvency filings from across the country.
A team of Troutman Pepper Locke LLP and Partridge Snow & Hahn LLP attorneys is leading a Rhode Island jail operator with a contract to hold federal immigration detainees through Chapter 11.