March 20, 2025
Chilean mobile phone operator WOM SA asked a Delaware bankruptcy judge to extend its exclusivity period by 30 days to give it enough time to consummate a Chapter 11 plan that was approved earlier this month.
March 10, 2025
A Texas federal judge sent part of a dispute over a former bankruptcy judge's secret romance with a onetime Jackson Walker partner back to the court where the disgraced jurist once oversaw high-profile insolvencies, ordering the CEO of a defunct barge operator to seek standing in Texas bankruptcy court.
March 06, 2025
A Delaware bankruptcy judge said Thursday she will confirm the Chapter 11 restructuring plan of Chilean mobile phone operator WOM SA after overruling two objections from creditors who said they are being treated unfairly.
February 28, 2025
The licensing arm of Universal Studios objected to a Party City asset sale, bondholders urged a judge to lift a stay on outside litigation in the Puerto Rico Electric Power Authority's restructuring case, and a satellite service provider asked a court to dismiss an adversary suit brought by debtor Ligado Networks. These are some of the bankruptcy stories you may have missed in the last week.
January 23, 2025
Chilean mobile phone operator WOM SA received a Delaware bankruptcy court's approval of its Chapter 11 plan disclosure statement on Thursday after resolving all objections from the U.S. trustee and an ad hoc group of noteholders regarding the plan releases and creditors' rights.
December 20, 2024
A Delaware bankruptcy judge on Friday signed off on the framework for Chilean mobile phone operator WOM SA's $500 million restructuring plan, finding the debtor had exercised sound business judgment in selecting the deal to reduce some $650 million in debt.
December 18, 2024
The U.S. Trustee's Office has asked a Delaware bankruptcy judge to reject WOM SA's request to pay a noteholder group $62.5 million if a planned rights offering tied to WOM's exit financing falls through, arguing the debtor hasn't proved the fee is necessary.
July 22, 2024
Chilean telecommunications company WOM requested a Delaware bankruptcy court's permission to pay nearly $500,000 in compensation to two former executives who were terminated before the company filed for bankruptcy in the U.S., explaining that the payments are mandated by laws in Chile.
July 15, 2024
A Delaware bankruptcy judge Monday approved a deal to end attempts by WOM SA noteholders to dismiss the Chilean telecommunications company's Chapter 11 case, overriding objections to the payment of $10 million of the noteholder's legal fees.
June 25, 2024
Chilean telecommunications company WOM told Delaware's bankruptcy court it reached a deal with a group of noteholders and the unsecured creditors committee to resolve their bid to dismiss the debtor's bankruptcy case.