June 05, 2026
A Texas bankruptcy judge signed off Friday on retailer Saks Global's Chapter 11 plan, allowing the debtor to cut most of its existing debt and borrow $500 million in new money to support an effort to revitalize its business.
June 04, 2026
The Sixth Circuit has ruled that a property title transferred to a Michigan taxing authority can be clawed back in a homeowner's Chapter 13 case, the Eleventh Circuit backed consolidation of four nondebtors into a business' pending Chapter 7 bankruptcy, and the U.S. Department of Justice's bankruptcy watchdog argued third-party releases make luxury retailer Saks' Chapter 11 plan unconfirmable.
May 18, 2026
A Texas bankruptcy judge Monday approved a settlement between insolvent luxury retailer Saks Global and its largest landlord, Simon Operating Group, to resolve disagreements over the debtor's leases.
May 11, 2026
A Texas bankruptcy judge said Monday he would approve luxury retailer Saks Global's request to sell and assign another eight leases for $5.5 million in Chapter 11, days after the company struck a settlement with its largest landlord.
May 08, 2026
Saks will seek the all-clear to sell leases, cannabis products purveyor Cannabist will look for Chapter 15 recognition and solar project Tonopah Solar Energy LLC will ask for interim approval of its plan and disclosure.
May 07, 2026
A BlockFills creditor wants a Chapter 11 trustee to take over the crypto group's bankruptcy, Saks has asked for more time to accept or reject leases, and the creditors committee for healthcare group Carbon Health Technologies says its latest bankruptcy funding loan is too high.
May 04, 2026
Purdue Pharma received the green light for a settlement on its road out of Chapter 11, a Texas bankruptcy judge gave the all-clear to Saks Global's plan disclosure, and Spirit Airlines said it would undergo a shutdown instead of a government-backed rescue.
May 01, 2026
A Texas bankruptcy judge Friday approved Saks Global's Chapter 11 plan disclosure statement after hearing the retailer had struck a deal to split future litigation proceeds between the providers of its bankruptcy financing and its unsecured creditors.
April 24, 2026
A New York bankruptcy judge will consider whether the state's attorney general should be a creditor in a Roman Catholic diocese's Chapter 11, Purdue Pharma will receive its criminal sentence, and Saks Global Enterprises LLC will seek court approval of a plan disclosure statement.
April 24, 2026
Saks Global Enterprises LLC has reached an agreement in principle on a global settlement that would resolve the concerns of its creditors committee and provide the luxury retailer with a path toward confirmation of a Chapter 11 plan.