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Financial Pressures Cause Bankruptcy Filings To Spike In Jan.
Commercial and consumer bankruptcy filings in January increased significantly over their totals from a year ago, signaling a buildup of financial pressures that are causing cases to return to pre-pandemic rates, according to financial analysis company G2 Risk Solutions.
Meet The Attys Digging Vanderbilt Minerals Out Of Ch. 11
Vanderbilt Minerals, which mines and processes clay and other materials, has tapped attorneys from Bond Schoeneck & King PLLC and Jones Day to oversee its Chapter 11 case as it pursues an asset sale.
Meet The Team Helping Flight Simulator Co. Navigate Ch. 11
Flight simulator operator Avenger Flight Group is being led through Chapter 11 by a team of attorneys from Pachulski Stang Ziehl & Jones LLP.
Financial Pressures Cause Bankruptcy Filings To Spike In Jan.
Commercial and consumer bankruptcy filings in January increased significantly over their totals from a year ago, signaling a buildup of financial pressures that are causing cases to return to pre-pandemic rates, according to financial analysis company G2 Risk Solutions.
Meet The Attys Digging Vanderbilt Minerals Out Of Ch. 11
Vanderbilt Minerals, which mines and processes clay and other materials, has tapped attorneys from Bond Schoeneck & King PLLC and Jones Day to oversee its Chapter 11 case as it pursues an asset sale.
Meet The Team Helping Flight Simulator Co. Navigate Ch. 11
Flight simulator operator Avenger Flight Group is being led through Chapter 11 by a team of attorneys from Pachulski Stang Ziehl & Jones LLP.
Expert Analysis
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Large Cap More
Fat Brands creditors that hold $990 million in debt accused it of failing to respond to its discovery requests ahead of a hearing on the creditors' motion to appoint a Chapter 11 trustee in the case.
A New Jersey bankruptcy judge declined to rule Thursday on motions by a creditor group and the U.S. Trustee's Office to transfer or dismiss the Chapter 11 case of global label maker Multi-Color Corp., saying h... (more story)
An attorney who handles corporate governance, transactional and other matters has rejoined Delaware-based Young Conaway Stargatt & Taylor LLP after more than three years at Wilson Sonsini Goodrich & Rosati PC.
Connell Foley LLP's expansion into Delaware is a key strategic move that came about organically with the hiring of a team from FBT Gibbons LLP to launch a new bankruptcy and restructuring practice group, leade... (more story)
Jefferies Financial Group investors accused the financial services firm of misrepresenting the safeguards of a fund linked to now-bankrupt auto parts maker First Brands Group in order to secure their $25 milli... (more story)
Digital Currency Group must face a proposed class action accusing it of trying to conceal a $1.1 billion debt crisis from lenders through a "sham transaction" with its crypto-lending subsidiary, but a Connecti... (more story)
A lender urged a Florida bankruptcy court on Wednesday to end an adversary proceeding alleging that it fraudulently induced the holder of a downtown Miami high-rise plot to accept the terms of a $70 million lo... (more story)
Levona Holdings urged a New York district court to permanently bar the former majority shareholders of Eletson Gas from exercising any control over the company or interfering with Levona's ownership of the pre... (more story)
Porta-potty provider United Site Services Inc. is on track to exit bankruptcy later this week after a New Jersey bankruptcy judge confirmed its Chapter 11 plan with opt-out third-party releases intact, over th... (more story)
A Texas bankruptcy judge on Wednesday gave Genesis Healthcare permission to take out up to $105 million in new Chapter 11 financing to keep the nursing home group operating until it can close its asset sale.
Mid Cap More
A condominium association for a Times Square hotel and residential tower is seeking to stabilize itself with a bankruptcy filing in federal court that accuses the property's original developer of self-dealing,... (more story)
Natural gas compression company Axip Energy Services is being advised by a team of Vinson & Elkins LLP attorneys in the company's Chapter 11 case in Texas aimed at closing on a sale of its assets.
A New York bankruptcy judge approved a secured creditor's disclosure statement instead of the debtor's in the Chapter 11 case of a New Mexico industrial building owner, ruling that the principle of giving prim... (more story)
A Delaware bankruptcy judge agreed Wednesday to dismiss fiber network developer Tilson Technology Management Inc.'s Chapter 11, after the debtor and its creditors said the balance of its secured debt eclipses ... (more story)
IronNet plans to use funding from a recently announced merger to officially close its Chapter 11 more than two years after the cybersecurity firm confirmed a reorganization plan, attorneys told a Delaware bank... (more story)
A Delaware bankruptcy judge on Wednesday signed off on the Chapter 11 liquidation plan of Center City Healthcare, the former operator of two Philadelphia hospitals, allowing the debtor to wind down its affairs... (more story)
The U.S. Supreme Court on Tuesday denied a request to stay a lower court's order permanently wiping out the claims of more than 2,600 Koreans who said they were failed by how the settlement was structured, as ... (more story)
A mortgage loan servicer and a trust succeeded in getting tossed a proposed class action brought by a North Carolina couple who claimed the entities tried to unlawfully collect interest and fees on their mortg... (more story)
A Texas bank sought to dismiss an adversary complaint alleging it helped a nonprofit founder defraud a special needs trust out of $100 million, telling a Florida federal bankruptcy court Tuesday the lawsuit do... (more story)
The owner of Colorado's Glenwood Caverns Adventure Park has asked a Delaware bankruptcy judge to partially lift bankruptcy's automatic stay so it can appeal a $116 million wrongful death judgment that sent it into Chapter 11.