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A sign outside the U.S. bankruptcy court in the Financial District of New York City.

What's Happening In Bankruptcy Court This Coming Week

A health insurance brokerage will vie for confirmation of its Chapter 11 plan. A medical spa management firm will seek to convert its case to a liquidation. And a Texas bankruptcy judge will consider TGI Fridays' $220,000 settlement with claimants alleging they were fired improperly.

A gavel and a roll of cash sit on a sound block.

Mid-Cap Restructuring Is Becoming Faster And Leaner

Mid-cap restructuring attorneys are seeing more efficient cases both in and out of bankruptcy court, as rising costs and challenging macroeconomic factors force companies to move through reorganization processes as quickly as possible and do so with an increasing preference for bankruptcy alternatives, experts told Law360.

People stand in front of airline counter with yellow wall and Spirit in black letters

Under The Radar: Bankruptcy News You May Have Missed

The U.S. Trustee's Office obtained permission to put a watchdog in place in Spirit Airlines' bankruptcy, TGI Fridays pitched a $220,000 settlement in its bankruptcy, a medical spa management company asked to move into liquidation, and a Dallas hospital sought a speedy hearing on its plan disclosure.

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Large Cap More

SIMAD Scores Bids For 2 More Summer Camps In Ch. 11

Summer camp holding company SIMAD has asked a New Jersey bankruptcy judge to sign off on new stalking horse offers totaling over $30 million to set the floor for a Chapter 11 auction of two of its New York summer camps.

7th Circ. Admonishes Atty Over 'Astonishing' Bogus Citations

The Seventh Circuit has admonished but declined to sanction an attorney for a brief that included what a judge called "an astonishing number of erroneous and even hallucinated citations."

GoldenPeaks Creditors Get Extra Plan Disclosure Review Time

A Texas bankruptcy judge Friday pushed back the disclosure statement hearing for the Polish affiliate of alternative energy investment company GoldenPeaks Capital by a few days, after creditors objected to an ... (more story)

Zaslav-Backed Bid Sets Floor For SIMAD Summer Camp

A group backed by Warner Bros. Discovery CEO David Zaslav is making a $68 million stalking horse bid for Mohawk Day Camp, one of a collection of camps run by SIMAD Holdings that are up for sale in its Chapter 11 proceeding.

Fat Brands Execs Beat Investor Suit Over $47M Loan Scheme

A California federal judge has dismissed former and current Fat Brands executives from a proposed class action accusing them and the restaurant group of falsely claiming to be cooperating with the government's... (more story)

Del Monte Minority Lenders' Ch. 11 Direct Appeal Move Fails

A New Jersey bankruptcy judge denied a motion from minority secured lenders of fruit company Del Monte seeking certification for a direct appeal of the company's Chapter 11 plan confirmation order Thursday, sa... (more story)

Watchdog Says Trinseo's Ch. 11 Bank Extension Risks $55M

The U.S. Trustee's Office objected to a request from bankrupt plastics maker Trinseo PLC to extend the deadline by which it needs to comply with bank deposit requirements, saying the debtor is trying to run ou... (more story)

QVC Wins Approval Of $5B Ch. 11 Plan

A Texas bankruptcy judge has given the green light to home shopping company QVC Group's Chapter 11 plan to eliminate most of its $6.5 billion in debt, rejecting objections to the proposal, including a challeng... (more story)

Simpson Thacher 'Never' Explained Ill-Fated Deal, Exec Says

A founder seeking over $100 million from Simpson Thacher & Bartlett over a transaction he says destroyed his insurance services company testified Thursday the law firm provided him no education on various word... (more story)

Circuit-By-Circuit Guide To The US Supreme Court's Term

Federal appeals courts had wide-ranging successes and struggles during the U.S. Supreme Court's recently completed term: One had its best showing in years following its worst showing in years; one felt déjà vu... (more story)

Mid Cap More

U.S. Trustee Says MMA Law's Ch. 11 Plan Shields Insiders

The U.S. Trustee's Office has urged a Texas bankruptcy judge to reject MMA Law Firm's Chapter 11 liquidation plan, arguing that it improperly seeks to extend bankruptcy protections to nondebtor individuals, in... (more story)

Bankrupt Pa. City Can Keep Disputed Revenue, 3rd Circ. Says

The Third Circuit ruled Friday that the bankrupt city of Chester, Pennsylvania, gets to keep income from a casino, a trash incinerator and other sources that secured its debt, finding that its creditors' liens... (more story)

Dallas Hospital Gets Interim OK For Ch. 11 Plan Disclosure

A Texas bankruptcy judge on Friday conditionally approved Dallas hospital White Rock Medical Center LLC's disclosure statement for its Chapter 11 plan, after a consensus was reached among key creditor constitu... (more story)

Nicklaus Cos. Can Send Ch. 11 Plan To Creditor Vote

A Delaware bankruptcy judge has granted the wind-down entity for golf course design group Nicklaus Cos. permission to seek creditors' votes on its Chapter 11 restructuring plan.

Zohar Trust Wins $2.4M In Lengthy Row With Lynn Tilton Firm

Distressed debt investor Lynn Tilton's Patriarch Partners must pay roughly $2.4 million to the litigation trust for a trio of collateralized loan funds she founded in the 2000s, a New York federal judge has ru... (more story)

Mich. AG Says Solar Financing Scheme Hit 1,700 Consumers

Michigan's attorney general has accused Climax Solar, its owner and the seven financial institutions that financed consumer purchases of the company's home solar systems of participating in a widespread solar ... (more story)

American Signature Seeks OK To Sell Google Antitrust Claims

Bankrupt furniture retailer American Signature Inc. has asked a Delaware bankruptcy judge for permission to sell its potential antitrust claims against Google for about $5.76 million, arguing that converting a... (more story)

Telecom Infrastructure Biz Wins Ch. 11 Plan OK

A New York bankruptcy court Thursday approved the Chapter 11 plan of Excell Communications Inc., a telecommunications infrastructure developer, after the company's owner agreed to provide $1.3 million for unsecured creditors.

'I Won't Be A Silent Jury,' Judge Says As SVB Trial Wraps

The California federal judge overseeing the bench trial on the Federal Deposit Insurance Corporation's claim that Silicon Valley Bank's officers mismanaged its assets before the bank's 2023 collapse told the t... (more story)

Mining Co. Creditors Say DIP Gives Windfall To Parent Group

Unsecured creditors of soda ash and borate mining company Searles Valley Minerals have urged a Delaware bankruptcy judge to reject the debtor's Chapter 11 financing motion, saying the debtor-in-possession fund... (more story)

Expert Analysis

Tips For Investors, Creditors Before Venezuela Restructuring

Rodrigo Carvalho

As Venezuela enters the first genuinely actionable phase of what may become one of the largest sovereign debt rest... (more story)

What PE Practitioners Need To Know About New Del. ABC Act

Evelyn Meltzer

Delaware's new Assignment for the Benefit of Creditors statute represents a structural shift in how companies back... (more story)

Being A Magician Makes Me A Better Lawyer

Mark Dombroff

The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom ... (more story)