The corporate parent of Florida's high-speed rail system Brightline filed for Chapter 11 to rework its debt. A real estate data and artificial intelligence firm sought bankruptcy protections to stave off a foreclosure. A longtime Sonoma Valley vineyard filed for Chapter 11, and more.
Florida's Brightline rail service has hired attorneys from Skadden Arps Slate Meagher & Flom LLP and Cole Schotz PC to oversee the Chapter 11 case it launched to restructure more than $1 billion in bond debt.
Bankruptcy judges continued to grapple with the U.S. Supreme Court's decision barring nonconsensual third-party releases, as well as forum shopping both domestically and abroad, during a recent American Bankruptcy Institute event.