June 01, 2026
A Delaware bankruptcy court approved home lending broker Impac Mortgage Holdings Inc.'s Chapter 11 plan, Canadian furniture company Bestar Inc. got Chapter 15 recognition and a Texas judge refused First Brands' bankruptcy plan disclosure.
May 28, 2026
A Delaware bankruptcy judge on Thursday granted Chapter 15 recognition to Canadian furniture company Bestar Inc. over the objection of a landlord seeking a $250,000 security deposit for potential damages that could occur when Bestar's foreign representative begins to liquidate a western New York factory next month.
May 27, 2026
A landlord for a New York location of bankrupt furniture retailer Bestar told a Delaware court late Tuesday that the debtor's Chapter 15 recognition motion should be denied because the company has continued to use the store despite the lease being terminated prior to the bankruptcy.
May 22, 2026
First Brands will seek approval of its plan disclosure statement, Spirit Airlines will make a bid for postpetition financing, Bestar Inc. will seek recognition of its foreign insolvency as its primary bankruptcy proceeding, and Carbon Health will take its plan before a Texas judge for confirmation.
May 12, 2026
A prison healthcare company filed for Chapter 11 in light of up to $400 million in litigation liabilities, a Mexico-based marine oil rig service company sought U.S. recognition of a foreign insolvency and a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings also filed for Chapter 15 protection.
May 06, 2026
A Delaware bankruptcy judge on Wednesday extended provisional protection to the U.S. assets of Quebec office furniture maker Bestar as it seeks U.S. recognition of its Canadian liquidation proceedings.
May 05, 2026
Quebec office furniture maker Bestar and its U.S. affiliates Monday asked a Delaware bankruptcy judge for Chapter 15 recognition of its Canadian wind-down proceedings.