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Rising Defaults, Withdrawal Requests Test Private Credit
With the hike in private credit defaults last year, the surge in private credit fund withdrawal requests in recent weeks, and the more than 50% drop in shares of some private credit firms like Blue Owl Capital, new questions are being raised about the viability of these funds.
Calif. Resort Developer SilverRock Files Ch. 11 Plan
The developer of a California resort project has proposed a new Chapter 11 plan and disclosure statement in Delaware bankruptcy court, seeking permission to solicit votes on a plan that will likely impair most secured creditors.
Under The Radar: Bankruptcy News You May Have Missed
A Delaware bankruptcy judge quashed a request to make a consultant hired by Christmas Tree Shops LLC pay liabilities for short-notice layoffs, eye treatment developer Clearside Biomedical asked the same judge to approve a claim settlement and the U.S. Trustee balked at Genesis Healthcare's proposed executive bonuses.
Rising Defaults, Withdrawal Requests Test Private Credit
With the hike in private credit defaults last year, the surge in private credit fund withdrawal requests in recent weeks, and the more than 50% drop in shares of some private credit firms like Blue Owl Capital, new questions are being raised about the viability of these funds.
Calif. Resort Developer SilverRock Files Ch. 11 Plan
The developer of a California resort project has proposed a new Chapter 11 plan and disclosure statement in Delaware bankruptcy court, seeking permission to solicit votes on a plan that will likely impair most secured creditors.
Under The Radar: Bankruptcy News You May Have Missed
A Delaware bankruptcy judge quashed a request to make a consultant hired by Christmas Tree Shops LLC pay liabilities for short-notice layoffs, eye treatment developer Clearside Biomedical asked the same judge to approve a claim settlement and the U.S. Trustee balked at Genesis Healthcare's proposed executive bonuses.
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A New Jersey state appeals court has refused to pause its decision disqualifying the Beasley Allen Law Firm from representing plaintiffs in multicounty litigation over Johnson & Johnson's talc-based baby powde... (more story)
The City watchdog said Friday that it has launched an enforcement investigation into Market Financial Solutions Ltd., a U.K. provider of property loans that collapsed in February with debts of more than £1 bil... (more story)
McGlinchey Stafford PLLC shut down earlier this year after more than five decades, but its strong culture left many of the more than 100 former firm attorneys wanting to stick together even after the New Orlea... (more story)
A Texas bankruptcy judge agreed Thursday to give interim approval to a $184 million debtor-in-possession loan in Fat Brands' Chapter 11 case, and also approved a connected stipulation that temporarily removes ... (more story)
The Third Circuit is looking to fill two vacancies on New Jersey's bankruptcy court, which has emerged as a popular complex Chapter 11 venue, the appeals court announced Thursday.
The Office of the U.S. Trustee and law firm Jackson Walker LLP on Wednesday resolved the bankruptcy watchdog's opposition to a series of settlements tied to a romantic relationship between a former Jackson Wal... (more story)
Patent filings in Delaware federal district court were up by roughly 30% in 2025, while the federal bankruptcy court in Wilmington saw a decrease in overall filings for the year that included a major dip in Chapter 11 cases.
Akerman LLP has added a partner in Delaware who previously was at Saul Ewing LLP for more than 15 years to bolster its bankruptcy and reorganization practice group.
Del Monte secured a New Jersey bankruptcy judge's permission Wednesday to take creditors' votes on a Chapter 11 plan that would wind down its remaining business, about a month after the canned food company won... (more story)
A telecom company has asked a Delaware bankruptcy judge to let it delay a $100 million payment owed to satellite operator Inmarsat, arguing that Inmarsat's alleged breach of a key settlement agreement undermin... (more story)
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The U.S. Supreme Court will kick off its March oral arguments session by reviewing disputes over the validity of state laws allowing late-arriving mail-in ballots to be counted in federal elections and whether... (more story)
A Texas bankruptcy judge on Friday approved requests by the Chapter 11 trustee for liquor maker Stoli Group USA LLC for permission to transfer some estate claims to a different trust, overruling an objection b... (more story)
The bankruptcy estate of casual dining chain TGI Fridays can seek votes on its Chapter 11 liquidation plan, a Texas bankruptcy judge said Friday, setting up a confirmation hearing for May 1.
Echo Payment Systems Inc. has filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, seeking to liquidate its assets and wind down operations, and the company will not attemp... (more story)
The Fifth Circuit has upheld a Texas bankruptcy judge's ruling on Instant Brands' Chapter 11 plan, finding he correctly held the reorganized appliance group could retain indemnification rights from past orders... (more story)
Oroville Hospital's plan to have its CEO resign and then be rehired as a consultant raised concerns for creditors and a California bankruptcy judge Thursday, as the medical center's Chapter 11 case headed towa... (more story)
Pallet company Palltronics is urging a Michigan federal court to deny a rival firm's request for more discovery in their trade secret dispute, arguing the request is unnecessary, premature and filed in bad faith.
A California luxury real estate investment company has filed for Chapter 11 protection in California with about $155 million in debt a day ahead of a foreclosure sale of its most prominent property, rapper Kan... (more story)
Zynex Inc., a pain management medical device maker, received confirmation Thursday of its Chapter 11 plan, which reduces its debt by about $50 million and turns over the company to its creditors.
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