August 07, 2025
A bitcoin miner said its early investors cannot file claims in its Chapter 11 that allege the company was mismanaged, arguing those claims belong to the debtor's estate. A Brazilian fiber network company objected to the novel plans of telecommunications group Oi to end its Chapter 15 recognition of ongoing overseas restructuring to file for Chapter 11 instead. And a group of tort claimants said Genesis Healthcare's debtor-in-possession loan and auction plans would hamper their ability to pursue wrongful death and personal injury litigation.
July 28, 2025
A New York federal judge ruled that bondholders of Puerto Rico's public electric utility cannot pursue claims against the commonwealth's government. Tilson Technology sued joint venture Gigapower in Texas, claiming a breached contract on major infrastructure work led to its bankruptcy. FTX agreed to drop six Delaware lawsuits seeking to recover $28.75 million in political donations, most of which went to Republican-aligned groups.
July 24, 2025
A Texas bankruptcy judge Thursday declined to stop automation technology group Exela from exiting Chapter 11 next week, but said he would condition the over $1 billion debt-for-equity swap plan's effectiveness on a roughly 30% recovery rate for its general unsecured claims.
June 30, 2025
The company behind Monster.com, a job search website, filed for bankruptcy relief with more than $100 million in liabilities, while Forever 21 received approval of its Chapter 11 liquidation plan and Party City secured a court's permission to send its liquidation plan out for a vote.
June 23, 2025
A Texas bankruptcy judge on Monday approved a $1.25 billion Chapter 11 restructuring for units of business automation group Exela Technologies, saying the plan had creditor support and the creditor claim releases were voluntary.
June 20, 2025
Bankruptcy judges will consider Exela Technologies' Chapter 11 plan and disclosure statement, decide whether Party City can solicit creditor votes on its plan, rule on the roughly $7 million asset sale of Publishers Clearing House, and address second-day motions in Everstream Solutions' case.
May 08, 2025
A Texas bankruptcy judge said Thursday the insolvent units of business automation group Exela Technologies Inc. can solicit votes on their Chapter 11 plan, which would restructure their $1.25 billion debt.
April 28, 2025
Bankrupt units of business automation group Exela Technologies Inc. have reached a deal with most of the holders of its $1.25 billion in debt to swap its debt for equity and be acquired by a European indirect subsidiary.
April 23, 2025
A Texas bankruptcy judge on Wednesday said he would sign off on business automation group Exela Technologies' bid for final approval of $185 million in Chapter 11 financing after the debtor was able to settle a dispute with a lender group over the package.
April 22, 2025
A Texas bankruptcy judge on Tuesday ordered Exela Technologies and its lenders to return to court Wednesday prepared to defend their positions on the debtor's bid for final approval of $185 million in Chapter 11 financing, as a dispute between Exela and a lender group over that money puts the company's reorganization plans at risk.