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Latest News in Bankruptcy

• November 05, 2025

  10th Circ. Revives Yellow's $137M Suit Against Teamsters

  The Teamsters once again must face Yellow Corp.'s allegations that the union drove the trucking company into bankruptcy by holding up a corporate restructuring, with a Tenth Circuit panel reviving Yellow's $137 million breach-of-contract lawsuit against the union Wednesday.

• November 05, 2025

  First Brands, Creditors Exchange Blows Over DIP Bid

  The unsecured creditors committee for bankrupt auto parts company First Brands objected to the debtor's bid for final postpetition financing approval, saying the proposed arrangement almost solely benefits the lenders and would harm the estate. The debtor and its ad hoc lender group each came to the defense of the request.

• November 05, 2025

  Home Remodel Group Renovo Files Ch. 7 With $100M+ Debt

  Renovo Home Partners, a company that rolled up home improvement businesses while backed by private equity, has filed for Chapter 7 in Delaware bankruptcy court, declaring up to $500 million in debt across almost 20 affiliates.

• November 05, 2025

  Luxury Developer Five Star Hits Ch. 11 In Texas

  Five Star Development LLC, a company building a Ritz-Carlton property in Arizona, has filed for Chapter 11 relief in Texas bankruptcy court to gain protection from lender collection actions.

• November 05, 2025

  Plastics Co. Klöckner Can Tap €610M In Ch. 11 Financing

  A Texas bankruptcy judge Wednesday agreed to grant Klöckner Pentaplast Verwaltungs GmbH, a European plastic packaging maker, interim access to €610 million ($701 million) of its debtor-in-possession funding as it moves toward a pre-planned restructuring.

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