December 14, 2022
The Second Circuit on Wednesday rejected an appeal of the confirmation of Latam Airlines' Chapter 11 plan, saying holders of bonds in an affiliate of the Chilean air carrier are not entitled to collect post-bankruptcy interest on their notes.
July 11, 2022
A New York bankruptcy judge has denied a request by bondholders of a Latam Airlines affiliate to stay his order approving the Chilean air carrier's Chapter 11 plan while they appeal his decision, saying the facts aren't on the bondholders' side.
June 21, 2022
Cosmetics behemoth Revlon Inc. filed for bankruptcy in the midst of a liquidity crisis, a South American airline brings its Chapter 11 plan in for a landing, and the next phase in Puerto Rico's restructuring nears a creditor vote. This is the week in bankruptcy.
June 20, 2022
The Chapter 11 plan of Chilean air carrier LATAM Airlines has received bankruptcy court approval, with a New York judge overruling a series of objections from creditors over their treatment in the plan.
June 14, 2022
Chilean air carrier LATAM Airlines will be seeking approval next week from a New York bankruptcy judge for $2.75 billion in new loans it says are necessary to complete its restructuring plans and exit Chapter 11.
May 24, 2022
Three Roman Catholic dioceses are pushing for approvals of settlements for hundreds of sexual abuse claims in bankruptcy courts, a Delaware state court judge denied a litigation stay in a nonbankruptcy wind-down case, potentially signaling a crackdown, and Purdue Pharma executives got their bonuses approved. This is the week in bankruptcy.
May 20, 2022
Chilean air carrier Latam Airlines on Friday urged a New York bankruptcy judge to approve its Chapter 11 plan after spending a full day answering claims by investors, creditors and government watchdogs that the restructuring proposal is fatally flawed.
May 17, 2022
Questions for expert witnesses over whether Latam Airlines' Chapter 11 plan takes a solvent subsidiary into bankruptcy and violates Chilean corporate law dominated the plan confirmation hearing that opened in New York on Tuesday.
May 17, 2022
Two dozen states objected to proposed bonus payments for the CEO of bankrupt drugmaker Purdue Pharma, the First Circuit declined to rehear an appeal over changes made to Puerto Rican teacher pensions as part of the island's restructuring, and Affordable Care Act penalties are taxes in bankruptcy court. This is the week in bankruptcy.
May 10, 2022
The past week has seen a trio of large Chapter 11 cases hit the dockets as debt holders become less permissive, the Diocese of Camden meet a wall of opposition from its insurers who aren't on board with a new $90 million plan to deal with sex abuse claims, and entities related to conspiracy theorist Alex Jones face challenges from families of Sandy Hook victims to their bankruptcy filings. This is the week in bankruptcy.