Dish Network entered Chapter 11 with $14 billion in debt and a prepackaged bankruptcy plan. Former MLB player Yasiel Puig filed Chapter 11 papers. And hormone replacement treatment company SynergenX hit bankruptcy and accused its senior lenders of forcing the debtor to pay high interest rates.
The Ninth Circuit has appointed longtime U.S. Department of Justice attorney Edward K. Bernatavicius as a bankruptcy judge for the Central District of California, filling a vacancy in the Riverside division.
Dish Network filed for Chapter 11 with $14 billion in debt after a delayed asset sale disrupted debt repayment, Spirit Airlines advanced a $630 million stalking horse bid for 27 aircraft, while Puerto Rico's oversight board proposed a $3 billion bankruptcy settlement. A Texas judge approved the $40 million sale of a Texas A&M-affiliated data center and allowed Camp Mystic to pay employee wages.