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As the 10th anniversary of a law meant to restructure Puerto Rico’s more than $70 billion in government debt approaches, experts say it remains to be seen if reform efforts stick — and what the long-term economic situation for the island will be.
A lender to a New York City loft owner sought to take possession of the building after a planned credit bid sale never took place. The examiner in First Brands' Chapter 11 case will not receive any extra funding. And the liquidation trust for a debtor that conducted a Ponzi scheme wants to recover funds from three beneficiaries of what it says were ill-gotten gains.
Spanish-language radio station operator Spanish Broadcasting System is slated for a Chapter 11 plan confirmation hearing on June 25, where it will seek a Delaware bankruptcy judge's all-clear to pursue a debt-swap plan.
A Texas bankruptcy judge has authorized auto parts maker First Brands to form a committee of nonunion retirees for the debtor to negotiate with to downsize their life and health insurance benefits.
The Federal Deposit Insurance Corp. on Thursday floated new rules that would significantly scale back its resolution-planning requirements for large banks and slash the banking industry's annual deposit insura... (more story)
SIMAD Holdings Ltd., the bankrupt owner of 30 U.S. summer camps and other real estate, says that it has secured up to $180 million of debtor-in-possession financing from its prepetition bondholders, as it seek... (more story)
A bankruptcy judge has approved a $2.95 million settlement in reorganized chemical company W.R. Grace & Co.'s Delaware Chapter 11, closing the books on a South Carolina hospital's class action efforts that started in 1992.
Ankura Consulting Group LLC asked a Texas bankruptcy judge to toss a lawsuit brought against it by the litigation trustee for defunct financial services firm GWG Holdings, saying the case didn't adequately all... (more story)
New Jersey-based McCarter & English LLP expanded its Indianapolis office with a team of three partners from Ice Miller LLP specializing in complex environmental contamination issues, including brownfield redev... (more story)
The former chief operating officer of bankrupt subprime auto lender Tricolor Holdings pled guilty Wednesday to charges stemming from what prosecutors have described as a yearslong scheme to defraud the company... (more story)
The New York bankruptcy judge presiding over the Chapter 11 case of former OxyContin maker Purdue Pharma on Wednesday approved the appointment of a trustee to administer neonatal abstinence syndrome claims and... (more story)
Stevens & Lee PC has brought on five Genova Burns LLC lawyers in New Jersey, strengthening the firm's bankruptcy and financial restructuring department.
Residential developer Taylor Morrison has asked a Delaware bankruptcy judge to bar the buyer of SunPower Corp.'s assets from contacting owners of homes it built, arguing the purchaser can't repossess installed... (more story)
Goldman Sachs wants the U.S. Supreme Court to take another look at a Fourth Circuit ruling shutting down the bank's attempt to arbitrate disputes over alleged automatic stay violations with a pair of debtors w... (more story)
Entities tied to the former owners of liquidating coal company Heritage Coal told a Delaware bankruptcy judge it is owed a $335,000 refund for equipment it purchased out of the company's Chapter 11 case severa... (more story)
A Delaware bankruptcy judge said Thursday he will confirm Spanish-language radio station operator Spanish Broadcasting System's Chapter 11 plan once he gets the final draft of its plan documents, largely overr... (more story)
A New York federal judge has trimmed claims and dismissed several defendants from a proposed investor class action against the current and former executives of bankrupt electric-vehicle charging infrastructure... (more story)
Private equity firm and nursing home operator Goldner Capital Management has filed suit against a former director, saying he is refusing to relinquish control of email accounts and a chat channel used by top G... (more story)
A Delaware bankruptcy judge on Wednesday granted interim approval of a $30 million Chapter 11 financing package for biotechnology company Sangamo Therapeutics Inc., funds that the debtor will use to support a ... (more story)
The Allére Group Professional Corporation, a Pennsylvania-based mid-market staffing firm, has filed for Chapter 7 liquidation in Delaware with $11.6 million in liabilities amid a slate of debt collection lawsu... (more story)
Camp Mystic filed for Chapter 11 protection in a Texas bankruptcy court Wednesday, almost a year after extreme floods killed 28 people at the summer camp in central Texas.
A Florida bankruptcy judge on Tuesday approved a Popeyes franchisee's Chapter 11 sale, allowing a roughly $16 million sale of nearly 100 restaurants to five purchasers who secured winning bids at an auction ea... (more story)
Pilot training company Avenger Flight Group LLC received approval Tuesday from a Delaware bankruptcy judge for its Chapter 11 liquidation plan to create a trust to provide recoveries to unsecured creditors.
William Butler and Hillary Crabtree
The evolving lending landscape, particularly the private credit boom, has heightened lenders' exposure to fraud, b... (more story)
Robert Charbonneau
The reported creditor negotiations and mounting debt obligations of Florida railroad Brightline arrive at a moment... (more story)
Lowell Citron, Geena Caporale and Michelle Podolnyy
The rollout of the Uniform Commercial Code's Article 12 is transforming digital asset secured lending, forcing len... (more story)