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Large Cap More

Steward Ch. 11 Trusts Recouped $58M In 10 Months, Attys Say

Attorneys for two trusts established under Steward Health Care's Chapter 11 plan told a Texas bankruptcy judge on Thursday that the trusts have brought in $58.4 million and reduced claims by $10 billion as the... (more story)

Plastics Co. Trinseo Gets Final OK For Chapter 11 DIPs

A Texas bankruptcy judge has signed off on plastics- and latex-maker Trinseo PLC's package of second-day Chapter 11 motions, allowing access to its full debtor-in-possession funding as the company pursues a $2... (more story)

Del Monte Minority Lenders Can't Stay DIP Rollup Fight

A group of minority lenders to Del Monte failed to persuade a New Jersey bankruptcy judge on Thursday to stay an adversary proceeding centered on the canned food company's Chapter 11 financing, one month after... (more story)

FTX Trust Cleared For $600M Disputed Claim Fund Reduction

The FTX Recovery Trust received approval Thursday from a Delaware bankruptcy court to reduce the funds in a disputed claims reserve by $600 million after the trust processed thousands of claims that were eithe... (more story)

FTX Exec's Wife Must Face Campaign Finance Charges

A New York federal judge Wednesday refused to throw out an indictment accusing crypto lobbyist Michelle Bond of campaign finance crimes, rejecting her argument that prosecutors previously promised her husband,... (more story)

NY Judge Rejects Permanent Ban In Eletson Award Feud

A New York judge Wednesday declined to permanently bar former majority owners of Eletson Gas from attempting to exercise control over the company or interfering with new leadership, finding the request goes be... (more story)

SIMAD Can Tap Cash To Open Summer Camps In Ch. 11

SIMAD Holdings Ltd. won court permission on Wednesday to use some of its available $15.6 million of cash on hand as it races to open the 30 children's summer camps it owns for the season, after a freefall bank... (more story)

Aequum To Escrow Inventory Sale Funds In First Brands Row

A Texas bankruptcy judge granted a preliminary injunction on Wednesday that will require the escrow of $18 million in inventory sale proceeds in a lien superiority dispute among lenders in the First Brands Chapter 11 case.

Venezuela Wins Bid To Delay Hearing In Citgo Sale Case

The Third Circuit has agreed to a two-month postponement of oral arguments in Venezuela's challenge of a Delaware judge's order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars ... (more story)

First Brands Wants Retiree Committee Formed In Ch. 11

Auto parts giant First Brands Group asked a Texas bankruptcy judge to greenlight the formation of a retired employee committee, saying it cannot keep paying retiree benefits under a proposed Chapter 11 plan.

Mid Cap More

Ex-CEO Cites Mexico Ruling For Ch. 11 Dismissal In Delaware

The former CEO of marine park company Dolphin Co. has asked the Delaware Bankruptcy Court to either dismiss the Chapter 11 case of Leisure Investments Holdings LLC or halt parts of the proceedings, arguing tha... (more story)

Texas Insurer Aims For August Hearing For Prepack Ch. 11

Insurance underwriter Hallmark Financial Services told a Texas bankruptcy judge Thursday it plans to secure confirmation of its prepackaged Chapter 11 plan by the end of August, and that the ball was already r... (more story)

Harvest Sherwood Gets OK On $150M Replacement DIP

Defunct food distributor Harvest Sherwood secured a Texas bankruptcy judge's approval on Wednesday to take on $150 million in new Chapter 11 financing and set up bidding procedures for its exit funding, defeat... (more story)

SoHo Building Owner In NYC Eyes August Ch. 11 Confirmation

The owner of a mixed-use building in Manhattan's SoHo neighborhood hopes to soon be able to seek votes on its Chapter 11 restructuring plan, which will transfer title of the property to the debtor's senior lender.

Medical Spa Investment Co. Files Ch. 11 With $10M+ Debt

An investment management firm specializing in medical spas and medical aesthetics providers has filed for Chapter 11 protection in Delaware with $10 million to $50 million in debt.

US Magnesium Creditors Get OK On Ch. 11 Liquidation Plan

A Delaware bankruptcy judge Tuesday signed off on a Chapter 11 liquidation plan proposed by US Magnesium's unsecured creditors, overruling objections to the deal by the debtor's owner and Wells Fargo.

Highpower Investor Seeks Receiver For Dissolved Battery Co.

A former Highpower International Inc. stockholder has asked the Delaware Chancery Court to appoint a receiver to take control of the dissolved battery maker's remaining assets and affairs, arguing it stripped ... (more story)

Dutch First Brands Unit Ultinon Can Seek Ch. 11 Plan Votes

Ultinon Motion Holding BV, a Netherlands-based affiliate of embattled auto parts manufacturer First Brands received permission Tuesday to seek votes on a Chapter 11 liquidation plan after the debtor switched f... (more story)

Crypto Firm BlockFills Gets OK For $3.25M Ch. 11 Sale

A Delaware bankruptcy judge on Tuesday agreed to approve the $3.25 million sale of cryptocurrency financial technology firm BlockFills to a Belgian digital asset investment group as BlockFills prepares for a C... (more story)

Texas Insurer Hits Ch. 11 With $134M Debt, Prepackaged Plan

Insurance company Hallmark Financial Services has filed for Chapter 11 protection in Texas with a prepackaged plan to deal with nearly $134 million in debt with either a sale or an equity swap.

Expert Analysis

A Lender's Guide To Fraud: Identifying Risks

The evolving lending landscape, particularly the private credit boom, has heightened lenders' exposure to fraud, b... (more story)

Brightline Debt Woes Highlight Risks In Private Rail Finance

The reported creditor negotiations and mounting debt obligations of Florida railroad Brightline arrive at a moment... (more story)

UCC Digital Asset Update Is Altering Lender, Obligor Diligence

The rollout of the Uniform Commercial Code's Article 12 is transforming digital asset secured lending, forcing len... (more story)