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Post-COVID Slump Put American Signature Furniture In Ch. 11
A post-pandemic sales slump, compounded by a weak housing market, high interest rates, tariffs and rising inflation, led home furnishing retailer American Signature Furniture Inc. to file for Chapter 11 protection.
Catching Up With New Bankruptcy Case Action
A major Buddy's Home Furnishings franchisee entered Chapter 11 in Texas. The parent company of a Chapter 15 debtor began its own bid for U.S. insolvency recognition. And a New York law firm is seeking Chapter 11 protection after creditors filed involuntary Chapter 7 petitions.
Meet Furniture Rental Biz Buddy Mac's Ch. 11 Attorneys
Rent-to-own furniture and appliance retailer Buddy Mac has hired attorneys from Kane Russell Coleman Logan PC to guide it through a Chapter 11 the company recently launched in hopes of reorganizing or selling the business as a going concern to address up to $50 million in debt.
Post-COVID Slump Put American Signature Furniture In Ch. 11
A post-pandemic sales slump, compounded by a weak housing market, high interest rates, tariffs and rising inflation, led home furnishing retailer American Signature Furniture Inc. to file for Chapter 11 protection.
Catching Up With New Bankruptcy Case Action
A major Buddy's Home Furnishings franchisee entered Chapter 11 in Texas. The parent company of a Chapter 15 debtor began its own bid for U.S. insolvency recognition. And a New York law firm is seeking Chapter 11 protection after creditors filed involuntary Chapter 7 petitions.
Meet Furniture Rental Biz Buddy Mac's Ch. 11 Attorneys
Rent-to-own furniture and appliance retailer Buddy Mac has hired attorneys from Kane Russell Coleman Logan PC to guide it through a Chapter 11 the company recently launched in hopes of reorganizing or selling the business as a going concern to address up to $50 million in debt.
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Large Cap More
A Texas bankruptcy judge agreed Tuesday to approve the Chapter 11 plan of nylon manufacturer Ascend Performance Materials, commending the debtor on reaching a largely consensual restructuring proposal eight mo... (more story)
A New York bankruptcy judge said Tuesday he would grant interim approval to first day relief including permission to pay wages in a Chapter 11 case the Church of the Immaculate Heart of Mary began to pause abu... (more story)
Customers of failed crypto exchange FTX asked a California federal judge to give final approval to a $10 million settlement resolving claims that Silvergate Bank and its parent company enabled the multibillion... (more story)
A Texas bankruptcy judge said Tuesday he would give final approval to more than $1.6 billion of Chapter 11 funding for solar energy developer Pine Gate Renewables, after the debtor reached several settlements ... (more story)
A New Jersey federal judge said Monday that the plaintiffs steering committee can receive invoices for Johnson & Johnson's experts' work relating to multidistrict litigation alleging the use of talcum powder c... (more story)
Cadwalader Wickersham & Taft LLP announced Tuesday that it has named a pair of experienced partners based in London and in New York and Washington, D.C., to lead the firm's financial restructuring practice.
The trustee of the bankrupt self-styled "anti-woke" financial technology startup GloriFi said Winston & Strawn LLP shouldn't be allowed to escape a malpractice lawsuit over the company's $1.7 billion failure, ... (more story)
Nonprofit medical research organization 23andMe Research Institute announced Tuesday that it has hired a longtime Pfizer attorney as its general counsel and chief risk officer.
California's Oroville Hospital and its parent company filed for bankruptcy Monday, listing more than $100 million of debt and saying it needs the protections of Chapter 11 to complete a value-maximizing sale o... (more story)
Counsel for medical transportation company Modivcare urged a Texas bankruptcy judge Monday to confirm its Chapter 11 plan and disregard the objections of the unsecured creditors committee, calling the group's ... (more story)
Mid Cap More
A Texas bankruptcy judge on Tuesday said he needs to take a week to consider how to handle the Chapter 11 of a Texas aviation company after the winner of a contract dispute with the debtor said its filing is a... (more story)
A solar project financing company alleged that bankrupt solar panel leasing firm PosiGen failed to pass along $10.5 million in project revenue, asking a Texas bankruptcy judge to intervene.
Five retired bankruptcy judges are asking the U.S. Supreme Court to overturn a Fifth Circuit ruling blocking a debtor from pursuing litigation he failed to disclose in his bankruptcy case, saying the panel app... (more story)
A telecommunications company cannot deduct over $3 million as a loss tied to a subsidiary's bankruptcy proceedings, the U.S. Tax Court ruled Monday, holding that the amount must be reported as capitalized expe... (more story)
Counsel for US Magnesium told a Delaware bankruptcy judge Monday that the debtor has met with several regulatory agencies ahead of a hearing next week to convert the case to a Chapter 7 liquidation, but that t... (more story)
A Florida federal judge allowed Carlton Fields and its attorneys on Monday to withdraw from representing the plaintiffs in a dispute over the ownership of the Miss America pageant, after the firm said "irrecon... (more story)
The Delaware Chancery Court delivered a busy first week of December, featuring commercial disputes, post-closing merger and acquisition battles and renewed scrutiny of fiduciary conduct ranging from oil and ga... (more story)
A Louisiana bankruptcy judge on Monday approved the Roman Catholic Archdiocese of New Orleans' Chapter 11 plan, allowing it to go forward with a $230 million settlement with sexual abuse claimants.
The U.S. Supreme Court announced Monday that it will not take up an Indiana couple's bid for a bankruptcy court to review the legality of a tax debt, maintaining an appellate split on the power of bankruptcy c... (more story)
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