February 18, 2025
Franchise Group must find new bankruptcy counsel after a judge in Delaware found Willkie Farr & Gallagher LLP was conflicted in its case. The court-appointed trustee investigating Miles Guo's shell companies got another deadline extension to chase down estate funds. Spirit Airlines is awaiting confirmation of its reorganization plan. And bankrupt bitcoin miner Rhodium Encore has hit back at its landlord in court, alleging a campaign of sabotage.
February 11, 2025
Bankrupt wheel-maker Accuride Corp. received approval Tuesday from a Delaware bankruptcy judge for its Chapter 11 reorganization plan after resolving outstanding objections via late-night negotiations prior to a confirmation hearing.
February 06, 2025
Wheel manufacturer Accuride Corp. received a Delaware bankruptcy judge's approval Thursday to tack on another $20 million to its Chapter 11 financing, funds that the company said it will use to support operations ahead of a hearing next week on confirmation of its reorganization plan.
January 27, 2025
Wheel manufacturer Accuride Corp. told a Delaware bankruptcy judge on Monday that it may lose access to the use of some of its prepetition lenders' cash collateral and said it was working toward a resolution.
October 22, 2024
Wheel manufacturer Accuride Corp. became the latest private equity-backed company to hit bankruptcy due to the strain of inflation and supply chain problems when it followed fellow wheel company Wheel Pros. into Chapter 11 earlier this month.
October 16, 2024
Several companies including True Value, Accuride and Jordan Health filed for Chapter 11 bankruptcy over the past week, citing financial strains from inflation, supply-chain issues and market changes.
October 15, 2024
The latest bankruptcy case of a Johnson & Johnson talc unit survived a motion to transfer the proceedings to New Jersey, decades-old hardware store chain True Value commenced a Chapter 11 case and the update plan disclosure statement for the parent of Bally Sports regional sports networks were approved by a Texas judge. This is the week in bankruptcy.
October 15, 2024
Wheel manufacturer Accuride Corp., which blamed supply-chain snarls and a rise in the cost of parts for its entry into Chapter 11 on Oct. 9, is being guided through the bankruptcy process by attorneys from Kirkland & Ellis LLP and Young Conaway Stargatt & Taylor LLP.
October 11, 2024
A Delaware bankruptcy judge Friday agreed to allow wheel manufacturer Accuride Corp. to tap into up to $20 million of a $103 million debtor-in-possession financing package from its lenders as an interim measure, along with a slate of customary first-day requests.
October 10, 2024
Wheel manufacturer Accuride Corp. has filed for Chapter 11 protection in Delaware bankruptcy court with up to $1 billion of debt and an agreement to restructure its U.S. business, saying supply chain snarls and a rise in the cost of parts have cut into profits.