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.
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.
For small business owners across the country, getting stuck in bankruptcy for years can come down to whether an individual judge thinks a nonvoting creditor class is a mathematical absurdity or a bar to a consensual plan.
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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.
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.
For small business owners across the country, getting stuck in bankruptcy for years can come down to whether an individual judge thinks a nonvoting creditor class is a mathematical absurdity or a bar to a consensual plan.
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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.
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May 22, 2026
A Texas bank told a Florida bankruptcy court Friday it must toss a Chapter 11 trustee's adversary complaint accusing it of complicity in a $100 million theft of funds from a special needs nonprofit, arguing that it can't be held liable for the nonprofit's own wrongdoing.
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May 22, 2026
Norwalk, Connecticut-based shopping mall The SoNo Collection, which is part of national retail real estate giant GGP, is facing state foreclosure and receiver proceedings after defaulting on a $245 million loan.
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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.
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May 22, 2026
A Texas bankruptcy judge on Friday agreed to give interim approval to $9.5 million in new money debtor-in-possession financing for oilfield services company Warrior Technologies, minus a provision that would allow part of the loan to prime other lenders' debt, saying there had not been adequate notice.
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May 21, 2026
A panel for the Colorado Court of Appeals ruled that the Bank of Colorado does not have preferential treatment to a man's portion of his mother's trust fund, and that the lower court was wrong to find that claim preclusion applied because of a stay order in a bankruptcy case.
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May 21, 2026
A Delaware bankruptcy judge Thursday approved SilverRock Development's Chapter 11 plan after hearing the California property developer had reached a global agreement resolving objections to the sale of its land and the distribution of the proceeds.
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May 21, 2026
Bankrupt data center operator RELLIS Campus Data and Research Center LLC filed proposed bidding and sale procedures late Wednesday in Texas bankruptcy court that envision a sale approval hearing by June 22.
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May 21, 2026
Warrior Technologies, a company that provides oilfield and trucking services, filed for Chapter 11 protection in Texas bankruptcy court on Thursday with about $38 million in secured debt, blaming its distress on a rise in fuel and insurance costs.
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May 21, 2026
A landlord of a bankrupt wind farm pile-maker appealed a decision by a New Jersey federal judge granting final approval to the debtor's postpetition financing package.
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May 21, 2026
Bankrupt home lending broker Impac Mortgage Holdings received final approval Wednesday for a $5 million loan in its Chapter 11 case as it pursues a restructuring of its debt.
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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.
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May 21, 2026
Furniture retailer American Signature Inc. has secured a Delaware bankruptcy judge's approval for the $7.2 million sale of its federal tariff refund claims, covering about 77% of tariffs it paid that were struck down by the U.S. Supreme Court.
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May 20, 2026
Two former executives of bankrupt telecommunications company DZS Inc. have reached a $2.9 million deal to resolve proposed class action claims the company concealed "egregious accounting misconduct," hurting investors after revelations about its accounting practices tanked its share price.
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May 20, 2026
Cryptocurrency platform BlockFills has asked a Delaware bankruptcy judge not to appoint an examiner and Chapter 11 trustee in its case, arguing the private equity firm that requested the examiner did not raise any significant enough issue in the proceeding.
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May 20, 2026
A Florida federal bankruptcy judge approved performance-based bonuses to a group of workers of a Popeyes Louisiana Kitchen franchise operator, saying the program is key to maximizing the value of the debtor ahead of a Chapter 11 sale.
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May 20, 2026
A pair of creditors of bankrupt battery recycler Ascend Elements Inc. asked a Texas judge to convert the company's case to a Chapter 7 liquidation late Tuesday, saying the company has no access to funding and is racking up administrative expenses it won't be able to pay in its Chapter 11 proceedings.
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May 20, 2026
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.
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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.
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May 19, 2026
A man who found himself on the wrong side of a more than $15 million default judgment for pirating movies through his virtual private network provider and then filed for bankruptcy urged a Florida federal court to continue its stay on enforcing the judgment.
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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."
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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.
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May 19, 2026
A California bankruptcy judge Tuesday dismissed an adversary complaint launched by unsecured creditors of Oroville Hospital against UMB Bank, finding the creditors had failed to state a claim in their lawsuit alleging the bank lacked a security interest in Oroville's revenue from government programs.
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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.
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May 19, 2026
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.