Purdue Pharma received the green light for a settlement on its road out of Chapter 11, a Texas bankrtupcy judge gave the all-clear to Saks Global's plan disclosure, and Spirit Airlines said it would undergo a shutdown instead of a government-backed rescue.
A New York bankruptcy judge will weigh a German dating service's bid for Chapter 15 recognition, US Magnesium will undergo an omnibus hearing, Lycra will seek plan confirmation, and a judge will oversee Ascend Elements' second-day Chapter 11 hearing.
MMA Law made a bid to protect its sole attorney in state court cases, Everstream sued Dish alleging late compensation, and Weiss Multi-Strategy Advisers brought a lawsuit against Bloomberg Finance LP to recover $135,000.
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Purdue Pharma received the green light for a settlement on its road out of Chapter 11, a Texas bankrtupcy judge gave the all-clear to Saks Global's plan disclosure, and Spirit Airlines said it would undergo a shutdown instead of a government-backed rescue.
A New York bankruptcy judge will weigh a German dating service's bid for Chapter 15 recognition, US Magnesium will undergo an omnibus hearing, Lycra will seek plan confirmation, and a judge will oversee Ascend Elements' second-day Chapter 11 hearing.
MMA Law made a bid to protect its sole attorney in state court cases, Everstream sued Dish alleging late compensation, and Weiss Multi-Strategy Advisers brought a lawsuit against Bloomberg Finance LP to recover $135,000.
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May 04, 2026
A data and research center affiliated with Texas A&M University has asked a Texas bankruptcy court for leave to hire an investment banker to find alternatives to a long-planned sale that has yet to close.
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May 04, 2026
A secured creditor of The Cannabist Co. Holdings Inc. has objected to the debtor's bid for Chapter 15 recognition of its Canadian insolvency proceeding, arguing that doing so would is contrary to U.S. public policy since it would allow the debtor to monetize cannabis-related assets.
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May 04, 2026
The U.S. Trustee's Office has urged a Texas bankruptcy judge to dismiss or convert the Chapter 11 case of trucking company Balkan Express, saying the debtor has failed to file operating reports and pay required fees.
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May 04, 2026
The U.S. Securities and Exchange Commission has finalized a $25.6 million disgorgement judgment against the former CEO of investment firm Vesta Advisors LLC, which a Pennsylvania federal court said had been satisfied by his restitution and forfeiture in his criminal case.
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May 01, 2026
A Texas bankruptcy judge said Friday she would approve $2.5 million in additional Chapter 11 financing for two debtors that mine and process sand for fracking from an entity that is also pursuing a $21 million stalking horse bid for the companies.
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May 01, 2026
The U.S. trustee is pushing for the nearly three-year-long Chapter 11 case of a 207-bed Texas hospital to be converted to a Chapter 7 liquidation, saying the case has dragged on without a resolution in sight while the estate continues to incur administrative expenses.
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May 01, 2026
Food kit and meal service provider FreshRealm filed proposed bidding and sale procedures late Thursday in New Jersey bankruptcy court seeking to get approval for an asset sale transaction by mid-June.
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May 01, 2026
Phelps Dunbar LLP has expanded its presence in Texas with the addition of five attorneys from Johnston Clem Gifford PLLC and an office in Uptown Dallas, the firm announced Friday.
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May 01, 2026
McDermott Will & Schulte announced Friday the firm has scaled up its restructuring practice with a new partner based in New York, who has come aboard from Ropes & Gray LLP.
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April 30, 2026
The New York Attorney General objected to the proposed automatic stay in the Chapter 11 plan of nursing home group Cold Spring Acquisition LLC, saying it improperly purports to extend bankruptcy protections after the bankruptcy case is closed.
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April 30, 2026
Victims of the Sandy Hook Elementary School massacre have asked the Texas Supreme Court to let a court-appointed receiver lease Alex Jones' website Infowars to a company linked to satire publication The Onion, a move that could hasten the delivery of funds Jones owes the families after massive defamation judgments.
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April 30, 2026
A creditor of three ProPhase Labs entities that provided COVID-19 testing services objected to the debtors' motion to extend the exclusive right to file a Chapter 11 reorganization plan, arguing that the debtors have made no meaningful progress in their bankruptcy cases.
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April 30, 2026
Carbon Health Technologies said it needs another $11 million in debtor-in-possession financing to bring its loan total to $30.5 million, as it is on the verge of running out of money to continue operating its business in Chapter 11.
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April 30, 2026
Lone Star State law firm Kane Russell Coleman Logan PC has bulked up its litigation, labor and employment, bankruptcy and emergency response offerings with new attorney hires across its offices in Austin, Dallas and Houston.
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April 30, 2026
Smith Gambrell & Russell LLP has hired three corporate partners in New York from Archer & Greiner PC who have worked together for more than a decade at their own boutique restructuring firm and in private practice.
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April 30, 2026
A New Jersey bankruptcy judge has ordered the Chapter 11 case of Nostrum Laboratories Inc. to be converted to Chapter 7, after the debtor failed to file operating reports and declared its assets were liquidated.
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April 29, 2026
Counsel for the oil giant Citgo has accused an affiliate of hedge fund Elliott Investment Management LP of improperly revealing and distorting its confidential information as the parties inch closer toward ending a long-running saga aimed at satisfying billions of dollars' worth of Venezuelan debt.
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April 29, 2026
The company behind Alex Jones' conspiracy website Infowars has asked a Texas appeals court to block a receiver from leasing its intellectual property and internet domain for $81,000 a month to a corporation linked to satire website The Onion.
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April 29, 2026
Two creditor trusts in prison healthcare company Tehum Care's Chapter 11 case has sued the firm's affiliates and former executives over its "Texas two-step" bankruptcy filing, alleging the maneuver was a "sham" to "perpetrate a fraudulent scheme."
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April 29, 2026
A New Jersey bankruptcy judge agreed Wednesday to give interim approval to food kit and meal service supplier FreshRealm's debtor-in-possession loan, freeing up $10 million in new funds, as the company looks to liquidate under Chapter 11.
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April 29, 2026
A Pennsylvania bankruptcy judge on Wednesday denied a bid by the city of Chester's water authority to move forward with litigation over whether the city has the right to monetize water assets to address its financial distress, finding cause did not exist to modify the automatic stay in Chester's Chapter 9 case.
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April 29, 2026
Large corporate restructurings increasingly feature deals that let most creditors participate but on starkly different terms, reflecting how the rise of powerful equity sponsors has shaped debt workouts both in and out of court, according to a recent paper by Robert Miller, a professor at the University of South Dakota School of Law.
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April 29, 2026
A lender says a pot dispensary across from Fenway Park owes it $8 million and should be placed into receivership, the latest in a series of lawsuits against one of Massachusetts' first social equity cannabis license recipients.
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April 29, 2026
EEW American Offshore Structures Inc., a builder of foundations for offshore wind turbines, has tapped a team of lawyers from Connell Foley LLP to guide it through a Chapter 11 proceeding it launched in the wake of a canceled offshore wind energy project and litigation with a landlord.
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April 28, 2026
A panel of the Fourth Circuit upheld the rejection of a North Carolina resident's Chapter 13 plan, saying Tuesday the plan complied with the letter of the Bankruptcy Code but was not an "honest effort" to pay his debts.