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Bankruptcy
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									October 31, 2025
									Office Building REIT Hits Ch. 11 In Texas With $1B+ DebtA Massachusetts-based real estate investment trust with 124 office properties nationwide has filed for Chapter 11 protection in a Texas bankruptcy court with more than $1 billion in debt and an equity swap agreement with its creditors. 
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									October 30, 2025
									Modivcare's Wind-Down Deal With UnitedHealthcare Gets OKA Texas bankruptcy judge approved Modivcare's settlement ending its relationship with the health insurance giant UnitedHealthcare, overruling an objection from the medical transport company's official committee of unsecured creditors. 
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									October 30, 2025
									NYC Hotel Co. Owners Charged With Fraud Over Loan SchemeTwo owners of a Brooklyn hotel management company "fraudulently obtained" nearly $2 million worth of COVID-19 relief loans in a wire and bank fraud scheme that stretched from at least March 2020 to April 2022, the federal government alleged in New York federal court on Thursday. 
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									October 30, 2025
									NC Judge Won't Order CEO's Arrest In Pool Company DisputeA North Carolina federal judge refused to further sanction a Chinese manufacturer on Wednesday after an American rival accused it of sidestepping court orders that seek information in fulfillment of a judgment exceeding $17 million. 
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									October 30, 2025
									Pension Fund Says Yellow Plan Can't Reserve Claim ArgumentA Teamsters pension fund is urging the Delaware bankruptcy court to reject Yellow Corp.'s liquidation plan, arguing the trucking company is reserving potential arguments against the fund's $17.8 million claim that have already been resolved and discharged. 
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									October 30, 2025
									Ethics Atty Says Tattler's Timing Supports 'Blackmail' ThreatA Pennsylvania attorney told a Florida bankruptcy court that debtors he'd been trying to collect from for years had unreported assets, just days after he allegedly threatened their lawyer that he would do so if they didn't pay up, state ethics watchdogs told a disciplinary panel Thursday. 
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									October 30, 2025
									Asbestos Corp. Gets Ch. 15 Nod Over Claimants' ConcernsA New York bankruptcy judge granted Chapter 15 recognition for Asbestos Corp. Ltd.'s Canadian restructuring over the objection of personal injury claimants and a Chapter 7 trustee, finding that the corporation's business activity in Canada outweighs its management of litigation in the U.S. 
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									October 29, 2025
									Judge Says He Will End Oakland Diocese Ch. 11 By Nov. 12A California bankruptcy judge said Wednesday he will grant a request by the Roman Catholic Diocese of Oakland to bow out of a Chapter 11 case it started two years ago by mid-November, but rejected calls from creditors to rule the bankruptcy had been filed in bad faith. 
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									October 29, 2025
									Hertz Urges Del. Justices To Reverse $170M Insurance RulingHertz Corp. urged the Delaware Supreme Court Wednesday to overturn a lower court's ruling that freed the car rental giant's insurers from covering $170 million in false-arrest settlements, arguing the settlements all stemmed from a faulty theft-reporting system and trigger just one self-insured retention. 
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									October 29, 2025
									Claire's Gets OK To Exit Ch. 11 After Sale To Ames WatsonJewelry retailer Claire's on Wednesday won a Delaware bankruptcy judge's approval of a plan to exit Chapter 11 after selling most of its North American business to private equity firm Ames Watson last month. 
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									October 29, 2025
									Spirit Airlines Gets Final OK For $1.23B Ch. 11 FinancingA New York bankruptcy judge gave final approval to Spirit Airlines' $1.23 billion Chapter 11 financing package, which includes $475 million of new money and a rollup of prepetition debt. 
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									October 29, 2025
									Energy Co. Asks 3rd Circ. To Undo Union Arbitration RulingA nuclear power plant operator told a Third Circuit panel Wednesday that a healthcare plan dispute with union workers should not be considered arbitrable because it stemmed from an old agreement that fell outside the collective bargaining agreement's arbitration provision. 
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									October 29, 2025
									Bankrupt Chinese Exile's Wife Fights Loss Of $7.25M MansionThe wife of Chinese exile and convicted fraudster Miles Guo is appealing a Connecticut federal judge's decision to include a $7.25 million Greenwich mansion in her husband's Chapter 11 estate, court records show. 
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									October 28, 2025
									US Trustee Objects To Azul Ch. 11 Plan ReleasesThe U.S. Trustee's Office is asking a New York bankruptcy judge to reject Brazilian airline Azul's Chapter 11 plan disclosure, saying it contains inadequate information on a plan rendered unconfirmable by its third-party releases. 
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									October 28, 2025
									Dr. Phil Media Co. Bankruptcy Converted To Ch. 7A Texas bankruptcy judge converted the bankruptcy of Merit Street Media to a Chapter 7 liquidation Tuesday, saying an independent trustee was needed to wade through issues surrounding the destruction of the relationship between talk show host Dr. Phil McGraw and Christian network Trinity Broadcasting. 
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									October 28, 2025
									Unsecured Creditors Blast Mountain Sports' Ch. 11 PlanA pair of unsecured creditors of sports retailer Mountain Sports have asked a Delaware bankruptcy judge to reject the company's Chapter 11 plan disclosure, saying the plan attempts to split their claims into a separate creditor class to undermine their power in a vote on the plan. 
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									October 28, 2025
									Spirit's Creditors Committee Backs Final DIP After ConcessionA group of creditors for Spirit Airlines have told a New York bankruptcy court they now support the budget air carrier's request for debtor-in-possession financing on a final basis, after the debtor agreed to modify several key terms, including lowering the portion of existing debt to be converted into new priority DIP loans. 
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									October 28, 2025
									Exactech Gets Another $19M In DIP Funds Ahead Of SaleJoint implant maker Exactech Inc. received a Delaware bankruptcy judge's permission Tuesday to borrow an additional $19.1 million in its Chapter 11 case as the company works to complete an asset sale by the end of the week. 
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									October 28, 2025
									Jackson Walker Atty Romance Deal Blasted As 'Collusion'A proposed settlement between Jackson Walker LLP and defunct life insurance bond seller GWG Holdings Inc. over a former Jackson Walker partner's secret romance with an ex-bankruptcy judge should be rejected because the deal "smacks of collusion," according to a recent objection. 
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									October 27, 2025
									Venezuelan Oil Company Looks To Pause $3B Bond RulingA subsidiary of Venezuela's state-owned oil company is urging a New York federal judge to pause her ruling enforcing nearly $3 billion in defaulted bonds during an appeal, saying enforcement could permanently alter its business by taking away its "sole meaningful asset": the oil giant Citgo. 
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									October 27, 2025
									Girardi Keese Trustees Sue Over $3.2M Settlement TransfersBankruptcy trustees for disgraced California attorney Tom Girardi's defunct law firm and New York attorney Joseph DiNardo have filed suit to recover more than $3.1 million they allege should have been paid to a gas explosion settlement victim, but instead went to help finance food and beverage businesses. 
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									October 27, 2025
									Investors Accuse Colo. Distillery Owner Of $850K FraudA group of investors has sued the owner of a Colorado distillery in federal court, alleging he induced them to inject nearly $850,000 into his business by making fraudulent misrepresentations about it, and that the underlying distillery business was a Ponzi scheme. 
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									October 27, 2025
									Chancery Lets J&J, Dow Fight To Save Asbestos DataThe Delaware Chancery Court has refused to toss a suit by Johnson & Johnson, Dow Chemical and other major asbestos-defendant companies that are seeking to block a set of bankruptcy trusts from destroying decades of exposure data. 
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									October 27, 2025
									LifeScan Gets Final OK On Ch. 11 Plan After Deal With PBMsA Texas bankruptcy judge on Monday granted confirmation of LifeScan Global Corp.'s Chapter 11 plan after the debtor reached an agreement with pharmacy benefit managers that resolved their objections, allowing the glucose-monitor maker to complete a deal to cut about $1.4 billion of debt. 
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									October 27, 2025
									Willkie Taps Longtime Kirkland Atty To Lead RestructuringWillkie Farr & Gallagher LLP has added a restructuring attorney who was previously with Kirkland & Ellis LLP as a partner and as chair of its restructuring group, the firm announced Monday. 
Expert Analysis
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								Series Practicing Stoicism Makes Me A Better Lawyer  Practicing Stoicism, by applying reason to ignore my emotions and govern my decisions, has enabled me to approach challenging situations in a structured way, ultimately providing advice singularly devoted to a client's interest, says John Baranello at Moses & Singer. 
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								Series The Biz Court Digest: Texas, One Year In  A year after the Texas Business Court's first decision, it's clear that Texas didn't just copy Delaware and instead built something uniquely its own, combining specialization with constitutional accountability and creating a model that looks forward without losing touch with the state's democratic and statutory roots, says Chris Bankler at Jackson Walker. 
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								Series Law School's Missed Lessons: Educating Your Community  Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson. 
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								ConvergeOne Ch. 11 Ruling Clarifies Lender Incentive Limits  The recent ConvergeOne ruling from a Texas federal court marks the latest rebuke of selective lender incentives in bankruptcy, and, along with two appellate decision from late 2024, delineates the boundaries of liability management exercises inside and outside Chapter 11, says Pratik Raj Ghosh at MoloLamken. 
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								5 Crisis Lawyering Skills For An Age Of Uncertainty  As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School. 
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								$2B PDVSA Ruling Offers Insight Into Foreign-Issued Debt  A New York federal court's recent decision denying a request by PDVSA, Venezuela's state-owned oil company, to refuse enforcement of $2 billion in defaulted bonds serves as a guide for the scope of review required in assessing the validity of foreign-issued securities with New York choice-of-law provisions, say attorneys at Cleary. 
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								Opinion It's Time For The Judiciary To Fix Its Cybersecurity Problem  After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne. 
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								Recent Trends In Lending To Nonbank Financial Institutions  Loans to nondepository financial institutions represent the fastest-growing bank lending asset this year, while exhibiting the cleanest credit profile and the lowest delinquency rate, but two recent bankruptcies also emphasize important cautionary considerations, says Chris van Heerden at Cadwalader. 
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								What Insurers Must Know When Insureds File For Bankruptcy  With increasing inflation, rising unemployment and growing consumer credit delinquencies, insurers and their intermediaries must be prepared to handle policyholders who are filing for bankruptcy by acquainting themselves with key procedural details of the bankruptcy process, say attorneys at McDermott. 
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								Series Writing Novels Makes Me A Better Lawyer  Writing my debut novel taught me to appreciate the value of critique and to never give up, no matter how long or tedious the journey, providing me with valuable skills that I now emphasize in my practice, says Daniel Buzzetta at BakerHostetler. 
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								SDNY OpenAI Order Clarifies Preservation Standards For AI  The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law. 
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								In NY, Long COVID (Tolling) Still Applies  A series of pandemic-era executive orders in New York tolling state statutes of limitations for 228 days mean that many causes of action that appear time-barred on their face may continue to apply, including in federal practice, for the foreseeable future, say attorneys at Sher Tremonte. 
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								Opinion High Court, Not A Single Justice, Should Decide On Recusal  As public trust in the U.S. Supreme Court continues to decline, the court should adopt a collegial framework in which all justices decide questions of recusal together — a reform that respects both judicial independence and due process for litigants, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware. 
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								Series Traveling Solo Makes Me A Better Lawyer  Traveling by myself has taught me to assess risk, understand tone and stay calm in high-pressure situations, which are not only useful life skills, but the foundation of how I support my clients, says Lacey Gutierrez at Group Five Legal. 
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								Series Law School's Missed Lessons: Client Service  Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.