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More Cases, Fewer Staffers Pinch US Bankruptcy Watchdog
The federal bankruptcy watchdog program is being squeezed by staffing and budget cuts at the same time as insolvency filings are on the upswing, raising questions about whether the already austere Office of the U.S. Trustee can continue executing its mission of ensuring the integrity of the country's bankruptcy system.
Catching Up With New Bankruptcy Case Action
A Pittsburgh craft brewery tapped Chapter 11 protections, a German matchmaking website owner sought Chapter 15 recognition for the second time after previously restructuring in 2023 and a cancer treatment developer is planning to liquidate in Chapter 7.
Q1 Bankruptcies Jump 14% As Debt Strain Rises
Bankruptcy filings in the first three months of 2026 increased 14% from the same period last year, with both commercial and consumer debtors driving the uptick amid broader economic turmoil, the American Bankruptcy Institute said in a report released Monday.
More Cases, Fewer Staffers Pinch US Bankruptcy Watchdog
The federal bankruptcy watchdog program is being squeezed by staffing and budget cuts at the same time as insolvency filings are on the upswing, raising questions about whether the already austere Office of the U.S. Trustee can continue executing its mission of ensuring the integrity of the country's bankruptcy system.
Catching Up With New Bankruptcy Case Action
A Pittsburgh craft brewery tapped Chapter 11 protections, a German matchmaking website owner sought Chapter 15 recognition for the second time after previously restructuring in 2023 and a cancer treatment developer is planning to liquidate in Chapter 7.
Q1 Bankruptcies Jump 14% As Debt Strain Rises
Bankruptcy filings in the first three months of 2026 increased 14% from the same period last year, with both commercial and consumer debtors driving the uptick amid broader economic turmoil, the American Bankruptcy Institute said in a report released Monday.
Expert Analysis
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Large Cap More
Restaurant group Fat Brands received approval Wednesday from a Texas bankruptcy judge to pay up to $1.9 million in bonuses to key corporate employees the debtor said were at risk of leaving while it pursues an... (more story)
Binance and its founder told a Delaware bankruptcy judge Wednesday there are no grounds on which to claw back a $1.76 billion payment to the cryptocurrency platform from its defunct competitor FTX, saying it w... (more story)
The First Circuit wrestled Wednesday with whether to overturn a ruling that Puerto Rico's debt restructuring does not block civil rights lawsuits against the commonwealth's officials as individuals, giving no ... (more story)
Creditors holding high-ranking debt issued by companies that emerged from bankruptcy in 2025 faced the worst average recoveries on their investment in the past 10 years, as liability management exercises that ... (more story)
The U.S. Trustee's Office blasted radio giant Cumulus' Chapter 11 plan, attacking what it characterized as nonconsensual releases as fatal to the debtor's confirmation hopes.
A Texas bankruptcy judge on Tuesday put off a final decision on auto parts maker First Brands' move to speedily sell several of its filter and windshield wiper brands for $25 million, saying he wanted to know ... (more story)
Mall owner Simon Property Group has joined with other landlords of Fat Brands' eateries to tell a Texas bankruptcy court that the restaurant group's proposed Chapter 11 sale procedures don't give the property ... (more story)
A D.C. Circuit judge told the attorney for the embattled former CEO of Steward Health Care on Tuesday that she couldn't comprehend how his client could invoke his Fifth Amendment rights without showing up to h... (more story)
Goodwin Procter LLP has grown its financial restructuring practice with the addition of attorneys in the New York and Boston offices with more than 40 years' combined experience at WilmerHale.
Womble Bond Dickinson has added a trio of attorneys to its finance, bankruptcy and restructuring practice in Florida from Burr & Forman LLP.
Mid Cap More
The U.S. Securities and Exchange Commission has sued the former CEO of a now-defunct organic alcohol company in Minnesota federal court for allegedly raising $2.4 million from investors after recording sham tr... (more story)
A bankrupt Nevada solar plant project is "hopelessly conflicted" and should see its case taken over by a Chapter 11 trustee, according to a creditor's motion filed on Wednesday.
The owner of Element Student Living, an apartment complex near California State University Sacramento linked to real estate firm Versity Investments, filed for Chapter 11 protections in Delaware with at least ... (more story)
A Colorado state judge has granted a bankruptcy attorney's request to dismiss his complaint against Google, in which he accused the company of removing his firm's business profile without explanation.
California resort developer SilverRock Development Co. LLC received approval Tuesday from a Delaware bankruptcy judge to send its proposed Chapter 11 plan out for a creditor vote after lengthy mediation effort... (more story)
The U.S. Trustee's Office has asked a New Jersey bankruptcy judge to convert work wear and healthcare apparel retailer Work N Gear's Chapter 11 case to a Chapter 7 liquidation or dismiss it altogether because ... (more story)
Natural gas compressor company Axip Energy Services LP received a Texas bankruptcy judge's blessing Monday on a $161 million sale of most of its assets to stalking horse bidder Service Compression LLC.
More than a dozen Sorrento Therapeutics shareholders sued law firm Jackson Walker LLP and the defunct biopharmaceutical company's ex-CEO for over $100 million, accusing them of conspiring to launch an unnecess... (more story)
Ice Miller and Holland & Knight are among the law firms that assisted with the largest New York City real estate deals that became public last week, with Emerald Group atop the list for the second week in a row.
An attorney sanctioned for submitting fraudulent documents in a $500 million dispute over ownership of the Miss America pageant and using them to help his client put the company into bankruptcy, indicated Mond... (more story)