Bankruptcy

  • March 10, 2026

    Pa. Developer Hits Ch. 11 With Up To $10M In Liabilities

    Southdown Properties Inc., a Pennsylvania developer, has filed for Chapter 11 protections with between $1 million and $10 million in estimated liabilities and assets.

  • March 10, 2026

    Oakland Diocese Calls Abuse Claimants' Plan Unreasonable

    The Roman Catholic Diocese of Oakland on Tuesday told a California bankruptcy judge that a committee representing sexual abuse claimants is making unreasonable demands for cash and oversight in its newly proposed Chapter 11 plan for the diocese.

  • March 10, 2026

    Insurers Can't Resume Investor Fight In $220M Coverage Row

    A Texas appellate court Tuesday rejected two insurance companies' bid to stop a group of shareholders of now-bankrupt Cobalt International Energy from pursuing claims on behalf of thousands of other investors, stymieing the carriers' attempts to curtail a fight over coverage of a $220 million securities settlement.

  • March 10, 2026

    First Brands Seeks Quick $50M Sale Of Walbro Biz In Ch. 11

    Bankrupt car parts giant First Brands Group has asked a Texas judge to approve the $50 million sale of its small engine component business Walbro, the first in a series of anticipated business unit sales.

  • March 10, 2026

    Vegan Eatery Chain's Ch. 11 Converted To Liquidation

    A Delaware bankruptcy judge has ordered the Chapter 11 case of vegan restaurant group Planta to be converted to a Chapter 7 liquidation, after the debtor said it has no other option. 

  • March 10, 2026

    Judge Urges Resolution In NY Nursing Home Ch. 11

    A New York bankruptcy court Tuesday pushed back the disclosure statement hearing in the Chapter 11 case of Long Island nursing home operator Cold Spring Acquisition, after the debtor said it is continuing to negotiate with its official committee of unsecured creditors over the administration of its liquidation plan.

  • March 09, 2026

    2nd Circ. Says COVID Policy Saves Argentine Creditors' Case

    The Second Circuit on Monday revived a $5.5 million contractual dispute against Argentina, ruling that a New York state COVID-19 policy saved some bondholder claims from being time-barred.

  • March 09, 2026

    Judge OKs Sanctions In $500M Miss America Ownership Fight

    A Florida federal judge Monday sanctioned a businessman and his attorney for submitting fraudulent documents in a $500 million dispute over ownership of the Miss America pageant and using the documents to put the company into Chapter 11 bankruptcy.

  • March 09, 2026

    Reed Smith, Greenberg Traurig Fight Gas Feud Sanctions

    Both Reed Smith LLP and Greenberg Traurig LLP provided nothing more than "zealous advocacy" for their respective clients amid an international petroleum shipping dispute between Eletson Holdings and Levona Holdings Ltd., the two law firms have argued in separate opposition briefs fighting sanctions motions stemming from the matter.

  • March 09, 2026

    Chicago Hotel Operator Files Ch. 11 With $147M Debt

    The owner of two Chicago hotels has filed for Chapter 11 protection in Delaware bankruptcy court with $146.7 million in mortgage debt, saying it's at an impasse with its senior lenders.

  • March 09, 2026

    Viridis Chemical Files Ch. 11 Amid Relocation Woes

    Bio-based chemical technology company Viridis has filed for Chapter 11 relief in Texas with more than $17 million in debt, citing cost overruns related to moving its manufacturing plant from Nebraska to Illinois.

  • March 09, 2026

    Bracewell Adds Holland & Knight RE Duo In Dallas

    Bracewell LLP announced Monday that it has launched a new real estate special situations practice with a pair of partners in Dallas who came aboard from Holland & Knight LLP.

  • March 09, 2026

    Golf Co. Approved For $35.7M Ch. 11 Sale To Nicklaus Family

    A Delaware federal bankruptcy judge approved a $35.7 million sale of assets Monday in the Chapter 11 case of sports gear and golf course design enterprise Nicklaus Cos. LLC, agreeing to a deal that will see affiliates tied to retired golfer Jack Nicklaus acquire the business and end protracted litigation among its founders.

  • March 06, 2026

    Calif. Judge Blasts Ex-Venture Capitalist In Axing SVB Suit

    Convicted venture capitalist and self-described "Silicon Valley's party animal" Michael Rothenberg's conduct in his lawsuit against the Federal Deposit Insurance Corp., acting on behalf of the failed Silicon Valley Bank, "consisted almost entirely of ignoring or frustrating" his litigation obligations, a California federal judge ruled in throwing out the case.

  • March 06, 2026

    Compression Sock Seller Hits Ch. 11 With $6M Of Debt

    Ziviea, a Florida-based online retailer of compression socks, filed for Chapter 11 protection Friday, reporting more than $6 million of debt and a decline in revenue last year.

  • March 06, 2026

    Buffalo Diocese HQ Auction Set Despite Leaseback Concerns

    A New York bankruptcy judge approved the bidding procedures for the sale of the headquarters of the Roman Catholic Diocese of Buffalo, which includes a $4.5 million stalking horse bid with a leaseback provision.

  • March 06, 2026

    Del Monte Lenders Challenge Ch. 11 Settlement Approval

    A group of minority lenders to food producer Del Monte has appealed the green light a New Jersey bankruptcy judge gave to a creditor deal last month, weeks after arguing the agreement forfeited causes of action that could be worth more than $200 million.

  • March 06, 2026

    Texas Justices To Weigh LLC Exemption For Ch. 7 Appeal

    The Texas Supreme Court on Friday agreed to help the Fifth Circuit resolve a bankruptcy case appeal by determining if a limited liability company governed by Texas law qualifies as exempt property in a bankruptcy proceeding.

  • March 06, 2026

    Sullivan & Cromwell Gets Another $1.6M In Linqto Ch. 11 Fees

    A Texas bankruptcy judge agreed Friday to approve more than $1.6 million in fees for defunct investment platform Linqto's special Chapter 11 counsel from Sullivan & Cromwell, commending the firm's work and overruling an objection from creditors.

  • March 05, 2026

    Fla. Judge Conditionally OKs Cosmetic Co.'s Ch. 11 Plan

    A bankruptcy judge in Florida conditionally approved on Thursday a cosmetic company's Chapter 11 plan, granting a proposed reorganization that involves a lender taking over the company in a debt-to-equity transaction. 

  • March 05, 2026

    Energy Firms Ordered To Split Trade Secrets Case Settlement

    A Texas Business Court judge ordered two energy companies to split a settlement that resolved a trade secrets case relating to cost-cutting measures taken on a $639 million acquisition of Shell assets, finding both parties were entitled to the settlement funds.

  • March 05, 2026

    Feds Can't Repatriate Trusts In $28M Tax Suit, Court Told

    The U.S. government cannot force a Floridian facing a $28 million tax bill to repatriate assets from his trusts because they're governed by Bahamian law and thus the trustee, a Bahamian trust provider, has sole discretion over making distributions, the provider told a federal court.

  • March 05, 2026

    Jilted Citgo Buyer Takes Aim At Special Master's Fee Bid

    Jilted Citgo bidder Gold Reserve Ltd. continues to urge a Delaware federal court to reject a special master's bid for another $15.3 million in fees, saying he hasn't shown he is complying with a court order aimed at reducing his expenses.

  • March 05, 2026

    Foam Roller Seller Told To Pay $1.7M After Patent Case Default

    A company that sells foam rollers primarily on Amazon has been ordered to pay $1.1 million in trebled damages and $650,000 in attorney fees to a company it sued seeking a declaration that it could continue selling, after it defaulted in the case and its owner declared bankruptcy.

  • March 05, 2026

    Nicklaus' Co. Picks Firm Tied To Golf Pro's Son As Top Bidder

    Nicklaus Cos., the bankrupt sporting gear and golf course design company founded by Jack Nicklaus, has picked a $35.7 million offer from a family office tied to the golf legend's son as the winning bid in an auction for the debtor's intellectual property and other assets.

Expert Analysis

  • Series

    Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

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    A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

  • Demystifying The Civil Procedure Rules Amendment Process

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    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • Bankruptcy Courts May Offer Relief For Tariff-Driven Distress

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    The Bankruptcy Code and the customs laws interact in complex ways that make bankruptcy a powerful, albeit limited, tool for companies that are dealing with tariff-related financial distress, says Eitan Arom at KTBS Law.

  • Parenting Skills That Can Help Lawyers Thrive Professionally

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    As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.

  • Series

    Teaching Trial Advocacy Makes Us Better Lawyers

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    Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.

  • What New CFPB Oversight Limits Would Mean For 4 Markets

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    As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definition of larger market participants in the automobile financing, international money transfer, consumer reporting and consumer debt collection markets would reduce the scope of the bureau's oversight, say attorneys at Holland & Knight.

  • Series

    Adapting To Private Practice: From Texas AUSA To BigLaw

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    As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

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    Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.

  • How Bankruptcy Law Caps Landlords' Rejected Lease Claims

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    With corporate bankruptcy filings for the first half of the year at a 15-year high, landlords should be prepared for commercial tenants to use the bankruptcy process to reject unwanted leases in order to lessen corporate footprints and improve liquidity, say attorneys at Mintz.

  • Series

    Coaching Cheerleading Makes Me A Better Lawyer

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    At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.

  • Ruling Puts 11th Circ. At Odds With Bankruptcy Courts

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    While an Eleventh Circuit majority recently found in BenShot v. 2 Monkey Trading and Lucky Shot USA that corporate debtors, like individuals, face certain exceptions to discharge under a nonconsensual Subchapter V plan, the ruling not only reverses the lower court, but opposes the holdings of many other bankruptcy courts, say attorneys at McDermott.

  • Series

    Law School's Missed Lessons: How To Make A Deal

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    Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.

  • From Clerkship To Law Firm: 5 Transition Tips For Associates

    Excerpt from Practical Guidance
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    Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.

  • Associates Can Earn Credibility By Investing In Relationships

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    As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.

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