August 05, 2024
A former executive of a subsidiary of Indian tech giant Byju's is facing $10,000 a day in contempt fines, ex-New York City mayor Rudy Giuliani's bankruptcy case is over, and insurance software company Ebix got approval for its Chapter 11 plan. This was the week in bankruptcy.
August 05, 2024
A Texas bankruptcy judge has approved Ebix Inc.'s Chapter 11 plan after the company removed third-party releases that the judge earlier ruled were illegal, allowing the insurance software firm to complete a deal to turn over the business to its chief executive officer.
August 02, 2024
A Texas bankruptcy judge ruled Friday that third-party releases contained in Ebix Inc.'s Chapter 11 plan are impermissible, deciding an opt-out provision of the liability waivers wasn't enough to establish consent.
July 30, 2024
A Texas bankruptcy judge declined to rule Tuesday on Ebix Inc.'s request for Chapter 11 plan confirmation, telling the parties he needed more time to sort out a dispute over third-party releases contained in the reorganization deal.
July 30, 2024
Ebix Inc. is on track to turn over its business to its chief executive as the insurance software company prepares to exit bankruptcy, but the debtor first needs to win a Texas bankruptcy judge's approval of contested third-party releases contained in its Chapter 11 plan.
June 27, 2024
A Texas bankruptcy judge on Thursday said he would greenlight insurance software provider Ebix's Chapter 11 disclosure statement with the support of the debtor's unsecured creditors.
June 18, 2024
Branches of Rite Aid and Silicon Valley Bank, technology and biotech firms and a discount store chain were among the companies that attracted top dollar in the Chapter 11 auctions held during the first half of 2024.
April 29, 2024
The American Bankruptcy Institute named Polsinelli attorney Christopher A. Ward as its new president, the Office of the United States Trustee charged two with fraud for petition preparation services, and Rudy Giuliani asked a New York judge for permission to appeal his $148 million defamation verdict to the D.C. Circuit.
April 22, 2024
A Texas bankruptcy judge on Monday agreed to grant insurance software provider Ebix's request to tap a portion of the $386 million sale of its North American life and annuity assets to repay its prepetition lenders' secured claims.
February 20, 2024
A Texas bankruptcy judge declined Tuesday to take the rare step of ordering the appointment of an equity committee to act on behalf of a group of shareholders in Ebix Inc.'s Chapter 11 case, ruling that the investors will be adequately represented without one.