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Latest News in Bankruptcy

• March 03, 2026

  Hawthorne's Ch. 11 Financing Hits Snag Over Lender Dispute

  A Chicago-area racecourse will return Wednesday to Illinois bankruptcy court as it continues to wrangle with its senior lender over the terms of its Chapter 11 financing.

• March 03, 2026

  Crystallex $15M Fee Request Justified, Special Master Says

  A lawyer for the special master overseeing the auction of Citgo to satisfy billions of dollars' worth of Venezuelan debt has defended his request for more than $15.3 million in fees on top of nearly $63 million already paid, saying the request follows an "extraordinarily complex" sale process.

• March 03, 2026

  Former Iowa Biz President Convicted Of Bankruptcy Crimes

  The former president of a defunct Iowa telecommunications and infrastructure business has been convicted by a jury of concealing assets and making false statements in his personal bankruptcy proceeding, federal prosecutors announced Tuesday.

• March 03, 2026

  Opt-Out Releases Nixed For Buffalo Diocese's Ch. 11 Ballots

  The Roman Catholic Diocese of Buffalo must redesign ballots for its Chapter 11 plan after a New York bankruptcy judge held opt-out boxes could not be used to tally creditor consent to third party releases.

• March 03, 2026

  Charges Signal Tougher Stance On Execs' Bankruptcy Fraud

  The recent criminal charges stemming from the Tricolor and First Brands bankruptcy cases may represent a sea change in the willingness of federal prosecutors to use bankruptcy fraud as a basis to charge corporate officers more frequently alongside traditional statutes such as wire fraud, bank fraud and money laundering, say attorneys at White & Case.

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