Bankruptcy

  • December 15, 2025

    Spirit Gets Another $100M; Probe Finds No Ch. 22 Bad Faith

    Spirit Airlines will be able to tap into an additional $100 million of post-bankruptcy financing, it said Monday, the same day that an examiner found no evidence of bad faith in the budget airline's back-to-back Chapter 11 filings.

  • December 15, 2025

    Ardagh's Financing Unit Files Ch. 15 With Nearly $2B Debt

    A subsidiary of sustainable metal and glass packaging company Ardagh Group has filed for Chapter 15 recognition in New York, seeking U.S. court recognition of restructuring proceedings pending in Luxembourg.

  • December 15, 2025

    Self-Driving Tech Co. Luminar Hits Ch. 11 With Plans To Sell

    Luminar Technologies Inc., which develops lidar technology used in autonomous vehicles, filed for bankruptcy protection in Texas on Monday with at least $500 million in debt and plans to sell its assets.

  • December 15, 2025

    Roomba Maker IRobot Hits Ch. 11 To Hand Control To Lenders

    IRobot Corp., the maker of the Roomba robot vacuums, has filed for Chapter 11 protection in Delaware bankruptcy court with over $250 million in debt and a plan to hand control of its business to its secured creditor.

  • December 12, 2025

    Prospect Medical Wins OK For Chapter 11 Plan

    A Texas bankruptcy judge approved Prospect Medical Holdings Inc.'s Chapter 11 plan after overruling a slew of objections during an all-day hearing Friday and allowing the healthcare group to hand off its remaining hospitals and pursue litigation to repay creditors.

  • December 12, 2025

    Modivcare Wins Approval For Debt Swap In Ch. 11

    A Texas bankruptcy judge agreed Friday to approve medical transportation company Modivcare's Chapter 11 plan, following a four-day valuation trial, clearing the way for the debtor's planned $1.1 billion debt-equity swap.

  • December 12, 2025

    PrimaLend's Parent Co. Files Ch. 11 With Equity Holder OK

    PCAP Holdings LP, the parent company of bankrupt auto dealership lender PrimaLend Capital Partners, itself filed for Chapter 11 protection on Friday after PrimaLend's noteholders complained that the parent was not also included in the initial bankruptcy case.

  • December 12, 2025

    First Brands Seeks Access To $250M As DIP Loans Drop

    Struggling auto parts maker First Brands said on Friday it needs quick access to $250 million in cash that's being held by customers or stuck in segregated accounts, telling a Texas bankruptcy judge a decline in the trading prices of its Chapter 11 loans has sparked "unfounded concerns" about its health.

  • December 12, 2025

    Alex Jones Atty's Pared-Down Suspension Upheld On Appeal

    A Connecticut appeals court on Friday upheld the two-week suspension of former Alex Jones lawyer Norm Pattis, agreeing that a trial court judge was within her discretion to bench the attorney over his law firm's handling of Sandy Hook Elementary School massacre victims' medical records.

  • December 12, 2025

    Azul's Opt-Out Releases Will Be Approved, Judge Signals

    A New York bankruptcy judge said Friday he would toss an objection the U.S. Trustee's Office had raised against Brazilian airline Azul's third-party releases, clearing a key hurdle to confirmation of the debtor's plan to cut more than $2 billion of debt under a Chapter 11 plan.

  • December 11, 2025

    Fla. Judge OKs Ch. 11 Plan For $1.7B Miami High-Rise Plot

    A Florida bankruptcy judge has confirmed the Chapter 11 plan for the owners of a prized piece of land proposed for a high-rise construction along the skyline of downtown Miami that could be worth more than $1 billion once redeveloped.

  • December 11, 2025

    Judge Probes Alleged Fake Docs In Miss America Dispute

    A Florida federal judge said Thursday that he wants to get to the bottom of the authenticity of operating agreements for two companies associated with the Miss America pageant filed in court in a $500 million dispute over the ownership of the competition.

  • December 11, 2025

    'Totally Unacceptable': Alsup Rips Feds In Student Loan Deal

    U.S. District Judge William Alsup on Thursday denied the U.S. Department of Education's request for an 18-month extension to process over 200,000 loan cancellation applications for students claiming they were defrauded by colleges they attended, calling it "totally unacceptable" and setting an April deadline to get the job done.

  • December 11, 2025

    Ga. Dorm Operator Gets Approval For Ch. 11 Sale Plan

    A Delaware bankruptcy judge Thursday approved the Chapter 11 plan for the operator of the dormitories at eight Georgia public university campuses, overruling an objection to the claims releases in the plan.

  • December 11, 2025

    Terraform Founder Gets 15 Years For 'Epic' $40B Crypto Scam

    A Manhattan federal judge hit Terraform founder Do Kwon with a 15-year prison sentence Thursday, saying he caused "real people to lose $40 billion in real money" as he orchestrated a massive fraud that sunk the once high-flying crypto concern.

  • December 11, 2025

    Chancery Skeptical Of B. Riley Investors' Investment Loss Suit

    A vice chancellor in the Delaware Chancery Court on Thursday pressed the lawyer for a B. Riley Financial Inc. stockholder to justify Caremark oversight claims tied to the investment firm's failed bets on the Franchise Group Inc., repeatedly questioning whether the complaint plausibly alleged bad faith board inaction rather than business judgment disagreements.


  • December 11, 2025

    Sports League Grand Slam Track Hits Ch. 11 After Debut Year

    Grand Slam Track, a professional track and field league started by Olympic sprinting champion Michael Johnson, filed for Chapter 11 protections in Delaware Thursday with up to $50 million in liabilities.

  • December 10, 2025

    Crypto Bankruptcy Trust Can Tap D&O Policy, Judge Rules

    A Texas bankruptcy judge has found that a directors and officers liability insurer was wrong to refuse a reasonable $4.65 million settlement demand from the trustee overseeing the wind-down of former cryptocurrency data miner Compute North Holdings, but that the court can't force the carrier to accept it.

  • December 10, 2025

    4th Circ. Hints $166M Fight​​​​​​​ Could Create Circuit Split

    In questioning counsel for an insolvent Dutch insurance company trying to confirm a $166 million arbitral award against convicted insurance mogul Greg Lindberg, two Fourth Circuit judges quipped the insurer likely wants to avoid a circuit split over interpreting the Federal Arbitration Act and keep the case out of the U.S. Supreme Court.

  • December 10, 2025

    Wells Fargo Says It Didn't Know Ex-Atty Stole From Clients

    Wells Fargo is seeking to shed claims in Texas federal court alleging it turned a blind eye to a convicted former attorney's misuse of client funds held in accounts at the bank, arguing that the victims of the lawyer's fraud failed to show it knew of the misconduct.

  • December 10, 2025

    2nd Circ. Urged To Nix Yacht, $37M Escrow From Guo Ch. 11

    The daughter of Chinese exile Miles Guo on Wednesday asked the Second Circuit to reverse bankruptcy and district court decisions awarding a yacht and a $37 million support account to her father's Chapter 11 estate, saying those courts improperly relied upon a state court decision when issuing quick wins.

  • December 10, 2025

    Ex-Nikola CEO Asks To Cancel Asset Sale, Submit Higher Bid

    An entity affiliated with the former CEO of electric-truck maker Nikola has urged a Delaware bankruptcy judge to undo an August asset sale, saying the transaction was conducted unfairly and that it is now willing to offer more than twice the sale price.

  • December 10, 2025

    VC Apple Tree Hits Ch. 11 After Row With Russian Billionaire

    Biotechnology investor Apple Tree Life Sciences Inc. and affiliates filed for Chapter 11 protection in Delaware bankruptcy court, days after a Chancery Court judge ordered a Russian billionaire who partnered with the fund to cough up $97 million that Apple Tree demanded to support its struggling medical companies.

  • December 09, 2025

    Nylon Maker Ascend Secures OK For Ch. 11 Plan

    A Texas bankruptcy judge agreed Tuesday to approve the Chapter 11 plan of nylon manufacturer Ascend Performance Materials, commending the debtor on reaching a largely consensual restructuring proposal eight months after its free-fall bankruptcy filing.

  • December 09, 2025

    Judge Will OK Church Wages In Ch. 11 Seeking Claims Halt

    A New York bankruptcy judge said Tuesday he would grant interim approval to first day relief including permission to pay wages in a Chapter 11 case the Church of the Immaculate Heart of Mary began to pause abuse claims as its archdiocese tries to hash out a larger resolution.

Expert Analysis

  • 3 Del. Bankruptcy Cases Highlight US Trustee Objections

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    As three recent Delaware bankruptcy cases show, debtors who seek approval of a stalking horse bid protections agreement should be prepared for the U.S. Trustee Office's objections, including if the proposed classification for the bid protections is a superpriority administrative expense claim, says Kyle Arendsen at Squire Patton.

  • Series

    Adapting To Private Practice: From SEC To BigLaw

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    As I adjusted to the multifaceted workflow of a BigLaw firm after leaving the U.S. Securities and Exchange Commission, working side by side with new colleagues on complex matters proved the fastest way to build a deep rapport and demonstrate my value, says Jennifer Lee at Jenner & Block.

  • Making The Case For Rest In The Legal Profession

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    For too long, a culture of overwork has plagued the legal profession, but research shows that attorneys need rest to perform optimally and sustainably, so legal organizations and individuals must implement strategies that allow for restoration, says Marissa Alert at MDA Wellness, Carol Ross-Burnett at CRB Global, and Denise Robinson at The Still Center.

  • 4 Ways Women Attorneys Can Build A Legal Legacy

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    This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.

  • A Judge's Pointers For Adding Spice To Dry Legal Writing

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    U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.

  • Lessons Learned From SAS' Flight Through Chapter 11

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    Scandinavia's SAS is the first European airline to find its wings through the U.S. Chapter 11 process since COVID-19 rocked the aviation industry — and while the process involved some familiar steps, certain complex jurisdictional issues and non-U.S. stakeholders required the carrier to venture into uncharted airspace, says Emily Hong at Norton Rose.

  • Bankruptcy Ruling Provides Guidance On 363 Asset Sales

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    HE v. Avadim Holdings, a recent ruling from the District of Delaware, underscores the principle that rejection of executory contracts does not unwind completed transfers of property and the importance of clear and precise language in sale orders and asset purchase agreements in bankruptcy cases, say attorneys at Eversheds Sutherland.

  • A Look At The Student Loan Case Pending At Supreme Court

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    The Trump administration is likely to drop the U.S. Supreme Court case of U.S. Department of Education v. Career Colleges and Schools of Texas after its review of the 2022 borrower defense to repayment rule, but any outcome will be significant for institutions participating in programs covered by Title IV of the Higher Education Act, say attorneys at Duane Morris.

  • 7 Tips For Associates To Thrive In Hybrid Work Environments

    Excerpt from Practical Guidance
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    As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.

  • Series

    Playing Beach Volleyball Makes Me A Better Lawyer

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    My commitment to beach volleyball has become integral to my performance as an attorney, with the sport continually reminding me that teamwork, perseverance, professionalism and stress management are essential to both undertakings, says Amy Drushal at Trenam.

  • Terraform Case May Be Bellwether For Crypto Enforcement

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    The prosecution of crypto company Terraform Labs and its CEO, Do Kwon, offers a unique test of the line between lawful and unlawful conduct in digital transactions, and the Trump administration’s posture toward the case will provide clues about its cryptocurrency enforcement agenda in the years to come, say attorneys at Brooks Pierce.

  • How Law Firms Can Counteract The Loneliness Epidemic

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    The legal industry is facing an urgent epidemic of loneliness, affecting lawyer well-being, productivity, retention and profitability, and law firm leaders should take concrete steps to encourage the development of genuine workplace connections, says Michelle Gomez at Littler and Gwen Mellor Romans at Herald Talent.

  • 5 Keys To Building Stronger Attorney-Client Relationships

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    Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.

  • How Courts Can Filter Nonmeritorious Claims In Mass Torts

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    Nonmeritorious claims have been a key obstacle to settlement in many recent high-profile mass torts, but courts may be able to use tools they already have to solve this problem, says Samir Parikh at Wake Forest University.

  • Series

    Racing Corvettes Makes Me A Better Lawyer

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    The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.

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