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How 'Debt's Grip' Shows Up In Consumer Bankruptcies: Part 1
Over the past 40 years, the demographics of who is filing for bankruptcy have shifted significantly, with single women and people over 65 years old making up larger numbers of filers, according to a new book that illuminates fault lines in the U.S. economy.
What's Happening In Bankruptcy Court This Coming Week
A Delaware bankruptcy judge will weigh SilverRock's $65 million proposed sale. A New York bankruptcy judge will hold a pretrial conference on a tax dispute in SVB Financial Group's Chapter 11 case. And a Texas bankruptcy judge will conduct a hearing on fiber network provider Everstream's Chapter 11 plan disclosure statement.
Under The Radar: Bankruptcy News You May Have Missed
Rhodium challenged a $9 million fee request from Lehotsky Keller Cohn LLP for its work as special litigation counsel in a dispute with a landlord. Lenders of the company behind MTV's "Ridiculousness" argued that its bankruptcy should be dismissed. Recovery Law Group asked a court to reconsider a $392,000 fine and a three-year filing ban. And Maverick Gaming defended its sales process.
How 'Debt's Grip' Shows Up In Consumer Bankruptcies: Part 1
Over the past 40 years, the demographics of who is filing for bankruptcy have shifted significantly, with single women and people over 65 years old making up larger numbers of filers, according to a new book that illuminates fault lines in the U.S. economy.
What's Happening In Bankruptcy Court This Coming Week
A Delaware bankruptcy judge will weigh SilverRock's $65 million proposed sale. A New York bankruptcy judge will hold a pretrial conference on a tax dispute in SVB Financial Group's Chapter 11 case. And a Texas bankruptcy judge will conduct a hearing on fiber network provider Everstream's Chapter 11 plan disclosure statement.
Under The Radar: Bankruptcy News You May Have Missed
Rhodium challenged a $9 million fee request from Lehotsky Keller Cohn LLP for its work as special litigation counsel in a dispute with a landlord. Lenders of the company behind MTV's "Ridiculousness" argued that its bankruptcy should be dismissed. Recovery Law Group asked a court to reconsider a $392,000 fine and a three-year filing ban. And Maverick Gaming defended its sales process.
Expert Analysis
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Large Cap More
The litigation trust overseeing bankrupt crypto custodian Prime Core Technologies Inc. has launched a clawback suit in the U.S. Bankruptcy Court for the District of Delaware, seeking to recover nearly $93.6 mi... (more story)
A Texas bankruptcy judge on Tuesday gave the green light for business internet service provider Everstream Solutions to send its Chapter 11 wind-down plan to creditors for a vote ahead of a November confirmation hearing.
Bankrupt auto parts maker First Brands' founder stepped down as CEO. Spirit Airlines won approval for $200 million in debtor-in-possession financing and a settlement with its lessor. Global Wound Care warned t... (more story)
Last week at the Delaware Chancery Court, Vice Chancellor Lori W. Will ruled that Carlos Vasallo remains the CEO of Caribevision TV Network LLC, finding that majority investors' attempt to remove him under a d... (more story)
Published in August, "Debt's Grip: Risk and Consumer Bankruptcy" looks at a sample of U.S. Chapter 7 and 13 consumer bankruptcies filed between 2013 and 2023, painting a picture of people's debts, demographics... (more story)
The U.S. Supreme Court on Tuesday declined to hear the appeal of right wing conspiracy theorist Alex Jones in connection with a $1.4 billion defamation judgment granted by a Connecticut state court in favor of... (more story)
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney tips for data center approvals, one Big Law partner's perspective on the reinvention of real estate... (more story)
A New Jersey federal judge signed off on a $1.95 million class action settlement resolving claims that the administrators of Bed Bath & Beyond Inc.'s 401(k) savings plan shortchanged employees after the retail... (more story)
A Texas bankruptcy judge Friday approved a $45 million settlement between Yale New Haven Health Services Corp. and Prospect Medical that ends a legal battle over failed hospital sales, as Prospect works toward... (more story)
Nine companies have been named to the official committee of unsecured creditors for auto parts company First Brands, including an affiliate of Raistone Capital, which urged a Texas bankruptcy judge to appoint ... (more story)
Mid Cap More
A Texas bankruptcy judge approved the Chapter 11 plan disclosure statement of Montessori school owner Higher Ground Education Tuesday, but cautioned the debtor and other parties that expedited hearings on plan... (more story)
A witness for SilverRock Development defended the insolvent California developer's request to sell its assets for $65 million, telling the Delaware bankruptcy court Tuesday that selling the site as a unit to a... (more story)
Humanoids Inc., a comics publisher best known as the originator of the Heavy Metal comic, has filed for Chapter 7 in Delaware bankruptcy court with $10 million to $50 million in debt.
The Chapter 11 liquidation plan from agriculture company Yield10 Bioscience received approval Tuesday from a Delaware bankruptcy judge, setting up general unsecured creditors to receive about 20% recoveries.
The U.S. Supreme Court on Tuesday invited the federal government to weigh in on a gatekeeping mechanism meant to shield restructuring professionals from frivolous litigation in the Texas bankruptcy of defunct ... (more story)
A series of rulings by a Delaware vice chancellor on Friday resolved for now disputes over control of Caribevision TV Network LLC, the self-described media "eyes and ears of the Caribbean" that recently saw po... (more story)
The federal bankruptcy watchdog is asking a New York bankruptcy judge to appoint a trustee to take control of an insolvent New York City hotel operator, saying the abrupt and chaotic shutdown of its businesses... (more story)
A 45-story former ExxonMobil headquarters in downtown Houston has filed for bankruptcy after a failed plan to convert the building into apartments left the property up for sale, and the owner of three apartmen... (more story)
Infowars host Alex Jones has asked the U.S. Supreme Court to stay enforcement of a Connecticut court judgment awarding more than $1 billion to the families of Sandy Hook Elementary School shooting victims, arg... (more story)
The insolvent operator of The Chariot, a restaurant and event venue business in New Jersey, tried Thursday to fend off attempts from its key lender to collect on its debt and effectively end its bankruptcy, as... (more story)