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The Chapter 11 trustee for bankrupt personal injury law firm Munawar Law Group PLLC filed a reorganization plan and disclosure statement that would provide for repayment of three key secured creditors while allowing the firm to continue operating after confirmation.
Bankrupt talc miner Vanderbilt Minerals is set to undergo a plan disclosure hearing, a Texas judge is scheduled to take up discovery issues in Inspired Healthcare's bankruptcy, and a wine and liquor distributor is on the path to pursue confirmation of its Chapter 11 plan.
How did a California winery operated successfully by the same family since the 1850s find itself entering bankruptcy in September? The story of its path to Chapter 11 has notes of untimely expansion, pandemic pressures, changing consumer tastes and creditor discontent.
LIV Golf is looking to vacate its more than 27,800-square-foot U.S. headquarters in New York City's tony Hudson Yards development, asking a bankruptcy judge to approve an agreement that calls for the landlord ... (more story)
The past week in London has seen failed cryptocurrency platform BitMEX sue Celsius Network amid ongoing litigation between the companies, and an independent music producer lodge a claim against Universal Music... (more story)
The U.S. Trustee's Office on Thursday asked a Texas bankruptcy judge to reject wine and spirits distributor Republic National's Chapter 11 plan, contending it contains sweeping and nonconsensual third-party releases.
Creditors of Hughes Satellite System told a Texas bankruptcy judge Thursday they should be allowed to propose their own Chapter 11 plan before the bankrupt satellite internet provider runs out of cash.
Dish Network told a New York federal court that settlement discussions are in progress for Walt Disney Co.'s breach of contract suit that challenged the satellite provider's short-term Sling TV passes and spur... (more story)
Spirit Airlines has accused CSDS Asset Management of reneging on the court-approved sale of 20 of its aircraft and emptying $48 million from an escrow account, alleging in a complaint in New York bankruptcy co... (more story)
LIV Golf is asking a New Jersey bankruptcy judge to ratify a deal with Jon Rahm to allow the golfer to cancel his contracts and exit the embattled league.
A New York bankruptcy judge Thursday agreed to allow mattress retailer Sleep Number to send its Chapter 11 liquidation plan to creditors for a vote, after the debtor reached an agreement on outstanding objecti... (more story)
A Florida executive who once tried to buy England's Everton soccer club told a New York federal judge Thursday that he engaged in a large-scale financial sham, copping to fraud charges ahead of his scheduled Monday trial.
The nationwide system for providing notice to creditors in bankruptcy cases has been disrupted by a cybersecurity incident, and it is not currently known when the outage will end.
The Eleventh Circuit in an unpublished opinion backed a law firm accused of botching several financial transactions for a Puerto Rican microcap lender, affirming the findings of a jury and a lower court that i... (more story)
The Royal Bank of Scotland has hit back against a collapsed investment company's £73 million ($97 million) claim, denying it had any responsibility for allegedly allowing payments earmarked for solar farms to ... (more story)
A Delaware bankruptcy judge Thursday approved Searles Valley Minerals' Chapter 11 plan disclosures and set the soda ash miner on course for a late November plan confirmation hearing.
A New South Wales Supreme Court judge has allowed liquidators for Tahmoor Coal to repay a nearly $30.5 million loan to avoid potentially unfair claims from creditors, saying the loan helped maintain the coal m... (more story)
A California bankruptcy judge confirmed the Chapter 11 plan of almond grower Trinitas Advantaged Agriculture Partners after it replaced the injunction in its plan with a narrower extension of the automatic stay.
Womble Bond Dickinson announced Thursday that it has hired five litigators from K&L Gates LLP to join its New York and Boston offices, touting their history advising some of the country's largest financial institutions.
A Delaware bankruptcy judge has approved three sales of the assets of horticultural and agricultural supply distributor BFG Supply Co. LLC, including a $27.4 million sale of its main operational assets to Grif... (more story)
A California bankruptcy judge Wednesday questioned the need for an injunction in the Chapter 11 plan of almond grower Trinitas Advantaged Agriculture Partners, saying he could not think of any creditor that wo... (more story)
A group of state attorneys general told a Delaware bankruptcy judge Wednesday that protection of minors and privacy concerns need to be addressed before the company behind artificial intelligence entertainment... (more story)
A Georgia appeals court declined Wednesday to reinstate a doctor's lawsuit against Emory Healthcare, ruling that the doctor's bankruptcy proceedings didn't extend the state's five-year deadline for bringing me... (more story)
Jennifer Maleski
The Fifth Circuit's recent decision in Adler v. Energy Debt Holdings warns buyers of secured claims to watch for b... (more story)
Felix Shipkevich
As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should... (more story)
Daniel Lowenthal and Kimberly Black
Spirit Airlines' planned sale of deidentified business data to Google for artificial intelligence training exposes... (more story)