Restaurant chain Salad and Go filed for bankruptcy protection in Texas this month with plans to close down and use proceeds from the sale of its assets, including leases to drive-thru locations, to repay creditors. Tossing up the Chapter 11 case is a team of Reed Smith attorneys.
A Texas bankruptcy judge will consider bankrupt battery recycler Ascend Elements' Chapter 11 plan, Dish will try to snag the OK to pay off nearly $3 billion in secured notes, and the Diocese of Camden, New Jersey, is angling for a hearing to seek approval of insurer settlements.
The official overseeing the Boy Scouts of America's settlement trust has asked a Delaware bankruptcy judge to reject an individual's attempt to reinstate his direct abuse claim against the trust, arguing nothing in the trust distribution procedures allows for his claims to be reheard.