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Spirit Airlines Pros Get $32M In First Batch Of Fees
A New York bankruptcy judge approved more than $32 million in professional fees for firms working on the latest bankruptcy from Spirit Airlines, including about $13 million for restructuring adviser FTI Consulting Inc. and $12.9 million for debtor counsel Davis Polk & Wardwell LLP.
Meet The Attys Helping Texas Renewables Co. Find 2nd Wind
Shannon Wind LLC, the owner of a wind farm in North Texas, has tapped Bradley Arant Boult Cummings LLP to oversee the bankruptcy it began Sunday with $108 million in debt, ailing from the long-term consequences of a winter storm in the Lone Star State.
Finance Execs Taking A Strict Line On Late Pay Penalties
Almost two-thirds of U.S. finance leaders are unwilling to wait longer than 60 days before imposing penalties for late payments on invoices, with those creditors likely to enforce payment discipline amid rising bankruptcies and squeezed cash flow, a new survey found.
Spirit Airlines Pros Get $32M In First Batch Of Fees
A New York bankruptcy judge approved more than $32 million in professional fees for firms working on the latest bankruptcy from Spirit Airlines, including about $13 million for restructuring adviser FTI Consulting Inc. and $12.9 million for debtor counsel Davis Polk & Wardwell LLP.
Meet The Attys Helping Texas Renewables Co. Find 2nd Wind
Shannon Wind LLC, the owner of a wind farm in North Texas, has tapped Bradley Arant Boult Cummings LLP to oversee the bankruptcy it began Sunday with $108 million in debt, ailing from the long-term consequences of a winter storm in the Lone Star State.
Finance Execs Taking A Strict Line On Late Pay Penalties
Almost two-thirds of U.S. finance leaders are unwilling to wait longer than 60 days before imposing penalties for late payments on invoices, with those creditors likely to enforce payment discipline amid rising bankruptcies and squeezed cash flow, a new survey found.
Expert Analysis
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A New Jersey bankruptcy court's recent decision in New Rite Aid affirms that landlords can have "stub rent" treate... (more story)
Large Cap More
Prospect Medical Holdings told a Texas bankruptcy judge on Thursday that a dispute stemming from the sale of its California hospitals has been resolved and that the sale of its Rhode Island hospitals may final... (more story)
A Texas bankruptcy judge Thursday declined a bid to install a Chapter 11 trustee in Genesis Healthcare's case, finding the debtor has existing safeguards and appointing a trustee could disrupt the closing of a... (more story)
Saks Global announced Thursday it would close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores as the company attempts to turn around its business in Chapter 11 bankruptcy.
A Texas bankruptcy judge signed off Thursday on auto parts maker First Brands Group's $48 million in financing from Ford, General Motors, Harley-Davidson and other customers, funds the debtor called a "lifelin... (more story)
Attorneys from Paul Weiss Rifkind Wharton & Garrison LLP led Rite Aid through its second reorganization in two years and won approval for the sale of DNA testing company 23andMe over the objections of state re... (more story)
Patrick James, the founder of bankrupt auto parts maker First Brands Group, and his brother Edward James were indicted by federal prosecutors in New York, who accused the pair of inflating invoices, double ple... (more story)
Missouri-based packaging company Pretium Packaging LLC filed for Chapter 11 bankruptcy in a New Jersey bankruptcy court, with a prepackaged plan of reorganization aimed at reducing the company's funded debt by... (more story)
Georgia-based global retail product label maker Multi-Color Corp. filed for Chapter 11 protection Thursday in a New Jersey bankruptcy court with an agreement in place to trim $3.9 billion of its $5.9 billion in debt.
A dispute over who should pay a more than $3 million bill incurred by special master Robert Pincus as he fended off a disqualification bid has become another flash point in long-running litigation aimed at auc... (more story)
A Texas bankruptcy judge on Wednesday granted FAT Brands Inc., owner of Fatburger and Johnny Rockets, interim approval to use cash collateral after the debtor and certain noteholders reached an agreement on th... (more story)
Mid Cap More
A NASCAR parts distributor is allegedly being extorted by Brembo NV, the Italian parent company of its longtime U.S. business partner, in Brembo's attempt to recover debts from a bankrupt company formerly owne... (more story)
From forensic tracing of hundreds of crypto mining rigs to understanding the ins and outs of Texas' energy market, the special committee of Rhodium Enterprises played a key role in the bitcoin miner's bankrupt... (more story)
A Delaware bankruptcy judge said he will issue an oral ruling in the coming days after hearing hours of sharply contested argument over whether Norcold LLC can proceed with an insider sale of its assets outsid... (more story)
A Miami-based record label told an Eleventh Circuit panel Wednesday that a lower court erred in determining rap group 2 Live Crew never gave up termination rights under the Copyright Act, arguing instead that ... (more story)
Executives of a now-bankrupt data intelligence company face U.S. Securities and Exchange Commission claims that they conspired with one of the company's biggest customers on a so-called round-trip accounting s... (more story)
A Texas bankruptcy judge Wednesday allowed a wind farm owner in North Texas to access cash collateral, which would enable the company to operate during Chapter 11 proceedings and move to pursue an asset sale a... (more story)
The Missouri judge overseeing former DNA testing company 23andMe's bankruptcy agreed to give final approval to two class action settlements totaling $53.25 million on Wednesday, overruling a handful of objecti... (more story)
Quinn Emanuel Urquhart & Sullivan LLP in 2025 notched wins in novel bankruptcy issues, fending off a Brazilian telecommunication group's bid to ditch its Chapter 15 for Chapter 11 and representing the successf... (more story)
A bankrupt Alaska-based airline landed its first Chapter 11 motion approvals in Delaware on Wednesday, with a U.S. Trustee's Office attorney noting that "this case has some unusual qualities to it," including ... (more story)
Aiding and abetting and breaches of fiduciary duty claims went forward in Delaware Chancery Court on Tuesday against Jefferies LLC in connection with the $1.4 billion take-public blank check company merger of ... (more story)