Saint Augustine's University in Raleigh, North Carolina, filed for Chapter 11 protection as it works to regain accreditation following declining enrollment and financial woes. Guiding it through bankruptcy is a team of attorneys at North Carolina-based business firm Waldrep Wall Babcock & Bailey PLLC.
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.
The unsecured creditors committee in the Chapter 11 of Ascend Elements has proposed six attorneys from McDermott Will & Schulte to represent it in the battery recycling firm's Texas bankruptcy case.