To access this content, a subscription to Bankruptcy Authority is required.
U.S. Bankruptcy Judge Christopher M. Klein will preside over settlement discussions between Cle Elum, Washington, and its creditors, which are hoping the judge's experience in municipal bankruptcy can help them reach an agreement ending the city's Chapter 9 proceeding.
Holding companies in the corporate structure of privately owned high-speed rail system Brightline Florida are funding their Chapter 11 debt restructuring with what experts say is an unusual, but elegant, debtor-in-possession facility that could streamline the cases.
A pool supplier hit Chapter 11 with a $685 million debt-for-equity swap plan, Brazilian construction conglomerate Andrade Gutierrez Engenharia asked for Chapter 15 recognition, and a spa in the Catskills sought bankruptcy protection.
Revlon told a New York bankruptcy court that one of its insurers has reneged on a deal incorporated into the reorganized cosmetics company's Chapter 11 plan, saying the carrier is refusing to pay defense costs... (more story)
Bankrupt professional golf league LIV Golf said it would allow tour member Sergio Garcia to terminate his player participation contract with the debtor Wednesday rather than have it subject to rejection, telli... (more story)
The trust responsible for liquidating assets of the Silicon Valley Bank, which went into receivership in 2023, owes none of $41 million in assessed tax deficiencies and is due a $21.7 million refund, the IRS a... (more story)
WilmerHale announced Wednesday that it has appointed a former Latham & Watkins LLP partner to chair the firm's transactional bankruptcy and financial restructuring practice.
Polsinelli PC has two new leaders for its restructuring and strategic capital practice, the firm announced Wednesday.
The founder of defunct "anti-woke" fintech group GloriFi has asked to intervene in a Chapter 7 malpractice lawsuit against Winston Taylor's predecessor firm, saying the Texas lawsuit is centered on him.
Unsecured creditors of bankrupt telecommunications company Hughes Satellite Systems Corp. are joining with its noteholders to advance a competing plan in the debtor's contested Chapter 11 case.
LIV Golf is asking a New Jersey bankruptcy judge to approve a restructuring support agreement it reached with private equity firm BC Partners, which would provide a $300 million investment in the league as it ... (more story)
Miss America CEO Robin Fleming is asking a Florida federal court to require Carlton Fields to provide more specific information about a charging lien the firm has asserted over unpaid legal fees in litigation ... (more story)
Spirit Airlines and Google have taken "consequential steps" to protect the privacy of millions of consumers whose data is being sold as part of the airline's bankruptcy, a consumer privacy ombudsman said in a ... (more story)
A missing signature, inadequate evidence and uncertainty about follow-through thwarted a New Mexico industrial property's bid for $33 million in exit financing in its Chapter 11 case, a New York bankruptcy jud... (more story)
A single-asset real estate holding firm tied to an apartment complex near Dallas has filed for Chapter 11 relief in the Northern District of Texas, listing more than $50 million in liabilities.
A Washington federal judge found a staffing company violated the terms of a $276,000 settlement it reached with the U.S. Equal Employment Opportunity Commission to close a bias investigation, siding with the E... (more story)
The Chapter 7 trustee of fashion industry software company CaaStle Inc. received approval Tuesday from a Delaware bankruptcy judge for a $3.5 million settlement of his lawsuit against former directors and offi... (more story)
Two directors of entities that filed an involuntary Chapter 11 petition against cryptocurrency mining firm Mawson must face its adversary complaint against them, a Delaware bankruptcy judge has ruled, finding ... (more story)
Recently declining office values show that distressed borrowers and lenders should consider negotiated workouts, tax planning and value-preserving leasing strategies as refinancing gaps and special-servicing c... (more story)
True Food Kitchen, a health-focused restaurant chain that scored an investment from Oprah Winfrey in 2018, has filed for Chapter 11 protection in a Texas bankruptcy court with $42.1 million in debt and plans t... (more story)
The U.S. Trustee's Office told a Texas federal judge that its settlement with Jackson Walker LLP to disgorge fees from cases touched by scandal is on ice while a bankruptcy judge examines the watchdog's standi... (more story)
The Roman Catholic Diocese of Oakland, California, has failed to get a $180 million Chapter 11 plan confirmed, with a bankruptcy judge saying the religious organization failed to show that sexual abuse survivo... (more story)
Burger King is asking a Florida federal court to shut down three competing restaurants in New Jersey for alleged trademark infringement, claiming that the shops are run by a former franchisee who renamed her b... (more story)
Ting Cheung
By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or lea... (more story)
Paige Lohse, John Martin and Kevin Warren
Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful ... (more story)
Joseph Bain and Samantha Oppenheim
In LIV Golf's recent Chapter 11 filing, players are the core enterprise value of the business and the intended maj... (more story)