Over the past half-decade, aftermarket boat equipment retailer West Marine overinvested in inventory and was buffeted by changing consumer demand, the COVID-19 pandemic, poor weather conditions and underperforming stores, eventually running aground in Chapter 11 on May 17.
Mexico-based marine oil rig service provider Demar is seeking U.S. recognition from a Texas bankruptcy judge for its Mexican restructuring proceeding, assisted by a team from Sequor Law PA.
A Spanish-language media company is seeking Chapter 11 relief after facing declining advertising revenue. A nationwide operator of bitcoin ATMs plans to wind down. And a boating supply business entered Chapter 11 with a restructuring support agreement to deal with more than $500 million in debt.
Previous
Next
Over the past half-decade, aftermarket boat equipment retailer West Marine overinvested in inventory and was buffeted by changing consumer demand, the COVID-19 pandemic, poor weather conditions and underperforming stores, eventually running aground in Chapter 11 on May 17.
Mexico-based marine oil rig service provider Demar is seeking U.S. recognition from a Texas bankruptcy judge for its Mexican restructuring proceeding, assisted by a team from Sequor Law PA.
A Spanish-language media company is seeking Chapter 11 relief after facing declining advertising revenue. A nationwide operator of bitcoin ATMs plans to wind down. And a boating supply business entered Chapter 11 with a restructuring support agreement to deal with more than $500 million in debt.
-
May 22, 2026
First Brands will seek approval of its plan disclosure statement, Spirit Airlines will make a bid for postpetition financing, Bestar Inc. will seek recognition of its foreign insolvency as its primary bankruptcy proceeding, and Carbon Health will take its plan before a Texas judge for confirmation.
-
May 22, 2026
The U.S. has seen a spike in filings for Chapter 15 recognition of international restructuring proceedings in the first quarter of 2026, an increase that attorneys say reflects a growing number of companies keeping their main bankruptcy proceedings in their home countries.
-
May 21, 2026
The D.C. Circuit on Thursday sought the views of the Trump administration on a crucial component of Russia's sovereign immunity defense as the appeals court weighs jurisdiction in litigation to enforce a nearly $5 billion arbitral award against the Kremlin, which was issued to Yukos Oil Co.'s financing arm.
-
May 21, 2026
A Texas bankruptcy judge Thursday approved the Chapter 11 plan of two affiliates of TPI Composites, allowing an equity sale of the entities and incorporating a settlement between the wind blade manufacturer's secured lender and creditors committee.
-
May 21, 2026
An Alabama hospital and Blue Cross Blue Shield crossed swords over whether the insurer's reimbursement rates were preventing the hospital's emergence from bankruptcy, a locomotive supplier can take $2 million in postpetition financing, and a ProPhase creditor urged a judge to place the debtor into Chapter 7 liquidation.
-
May 21, 2026
A former attorney with Clark Partington Hart Larry Bond & Stackhouse has moved his bankruptcy and creditors' rights cases and complex business litigation practice to Phelps Dunbar LLP's Pensacola, Florida, office.
-
May 20, 2026
Monthly farm-related Chapter 12 filings soared in April to a more than six-year high, with more likely on the horizon, amid an overall increase in all bankruptcies as fuel prices and other costs continue to rise, according to data from Epiq AACER.
-
May 20, 2026
Auto parts maker First Brands Group will seek conditional approval of its Chapter 11 plan disclosure statement Tuesday after making significant amendments to the document prior to a Wednesday hearing in Texas bankruptcy court.
-
May 20, 2026
A New York bankruptcy judge on Wednesday agreed to allow 13 late-filed claims to move forward in former pharmaceutical company Purdue Pharma's Chapter 11 after its plan took effect earlier this month.
-
May 20, 2026
The U.S. Trustee's Office asked a Texas bankruptcy judge to withhold approval of home shopping company QVC's Chapter 11 plan, saying its method for establishing creditor buy-in for releases is inappropriate.
-
May 20, 2026
Spencer Fane LLP announced that an experienced bankruptcy attorney has joined the firm's Plano, Texas, office as a partner following a stint with Dentons.
-
May 20, 2026
A Texas bankruptcy judge said Wednesday he would call an evidentiary hearing on White & Case's motion to hold Modivcare in contempt connected to a Chapter 11 fee dispute, after the firm accused the reorganized medical transportation group of taking $3.5 million of what should have been escrowed funds out of an account.
-
May 19, 2026
PHL Variable Insurance Co. life insurance policyholders on Tuesday accused Connecticut's interim insurance commissioner of bankrolling the struggling insurer's rehabilitation by receiving millions without guaranteeing at least some payout, urging a state appeals court to reverse a trial judge's conclusion that premiums are not "debts."
-
May 19, 2026
The Archdiocese of Baltimore and a group of child sexual abuse claimants have both filed proposed Chapter 11 plans in the archdiocese's bankruptcy, one envisioning abuse claims trusts with at least roughy $169 million and the other a trust with over $541 million.
-
May 19, 2026
A coalition of 24 attorneys general and two governors are challenging a rule recently promulgated by the U.S. Department of Education, alleging in a complaint in Maryland federal court Tuesday that it unlawfully limits access to federal student loans for those pursuing professional degree programs.
-
May 19, 2026
White & Case's motion to hold Modivcare in civil contempt connected to a Chapter 11 fee dispute is built around unsupported conjecture, the reorganized medical transportation group has said, urging a Texas bankruptcy judge to reject the request by the law firm that represented its creditors' committee.
-
May 19, 2026
A Delaware bankruptcy judge on Tuesday said she would grant boating supply business West Marine Inc. a range of first day relief on an interim basis as it gets underway in its voyage through Chapter 11, including permission to use its cash collateral and to pay employees and vendors.
-
May 18, 2026
A judge rejected conspiracy theorist Alex Jones' appeal to shield assets belonging to his media business under the stay in Jones' personal Chapter 7 case. The Cannabist became the first marijuana company to secure Chapter 15 recognition of a foreign bankruptcy proceeding. And the U.S. Trustee's Office called for car parts giant First Brands' Chapter 11 case in Texas to be converted to a Chapter 7 liquidation.
-
May 18, 2026
Freight services company STG on Monday secured a New Jersey bankruptcy judge's approval of a Chapter 11 plan that will let the debtor cut more than $1 billion in liabilities, weeks after STG resolved major litigation launched by its lenders.
-
May 18, 2026
A Texas bankruptcy judge has given his assent on a final basis to a $300 million postpetition financing package in home shopping company QVC's Chapter 11 case.
-
May 18, 2026
Dechert LLP announced Monday that it has added another attorney from McDermott Will & Schulte to its Dallas office, this time bringing on an attorney who will bolster its capacity to handle transactional matters.
-
May 18, 2026
Restaurant operator Fat Brands has reached a settlement with three groups of creditors that it says clears a path to getting its Chapter 11 plan confirmed, telling a Texas bankruptcy judge the deal will let the debtor tap new financing, complete asset sales and set up a liquidation trust.
-
May 18, 2026
Del Monte Foods received confirmation of its Chapter 11 wind-down plan on Monday after a New Jersey bankruptcy judge overruled an objection from a group of minority lenders.
-
May 18, 2026
A Texas bankruptcy judge Monday approved a settlement between insolvent luxury retailer Saks Global and its largest landlord, Simon Operating Group, to resolve disagreements over the debtor's leases.
-
May 18, 2026
Boating supply retailer West Marine commenced a Chapter 11 case in Delaware to deal with almost $550 million in debt after reaching a deal on a restructuring support agreement with lenders and equity holders.