The proposed buyer of a building in New York City's Flatiron District filed for bankruptcy relief after the sale fell through. Affiliates of Terra Carta Partners joined its Chapter 11 case, after their parent company was placed into bankruptcy involuntarily earlier this year. And a Buffalo, New York, steel company sought bankruptcy relief after 78 years in business.
The U.S. Trustee's Office has told a Texas bankruptcy court it should not add another case to the watchdog's nearly three-year-old fee clawback litigation against Jackson Walker LLP, saying prepetition bankruptcy work by a former partner whose undisclosed romance with a bankruptcy judge kicked off an ethics scandal was "troubling" but distinct from 33 other cases.
Creditors of Hughes Satellite Systems are seeking the right to propose their own Chapter 11 plan. LIV Golf secured approval for $53.6 million in bankruptcy financing and a $300 million restructuring agreement. Genesis Healthcare and almond grower Trinitas Advantaged Agriculture Partners won approvals for their Chapter 11 liquidation plans.