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Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office opposed Yellow Corp.'s Chapter 11 plan, saying its exculpation provisions cover ineligible people and entities. Bernie Madoff's liquidation trustee has begun doling out another $76 million to claimants. And clothing retailer Delta Apparel made a bid to pivot to a wind-down in its bankruptcy that was opposed by tax claimants in Texas.
Cardi B Strikes Deal In YouTuber's Subchapter V
YouTuber Tasha K is set to wrap up her Subchapter V case while still on the hook for a $3.8 million defamation judgment in favor of rapper Cardi B, following a hard-fought plan process that will leave a "sword of Damocles" over Tasha K until the judgment is fully paid, the musician's counsel told Law360 Friday.
How A Mansion That Housed A Fashion Icon Landed In Ch. 11
Ornately carved walls are closing in around Peggy Nestor, whose 18,000-square-foot Beaux Arts mansion in New York City — which once housed the studio of Oleg Cassini, fashion designer to style icons Grace Kelly and Jacqueline Kennedy Onassis — is up for sale by the Chapter 11 trustee overseeing her bankruptcy.
Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office opposed Yellow Corp.'s Chapter 11 plan, saying its exculpation provisions cover ineligible people and entities. Bernie Madoff's liquidation trustee has begun doling out another $76 million to claimants. And clothing retailer Delta Apparel made a bid to pivot to a wind-down in its bankruptcy that was opposed by tax claimants in Texas.
Cardi B Strikes Deal In YouTuber's Subchapter V
YouTuber Tasha K is set to wrap up her Subchapter V case while still on the hook for a $3.8 million defamation judgment in favor of rapper Cardi B, following a hard-fought plan process that will leave a "sword of Damocles" over Tasha K until the judgment is fully paid, the musician's counsel told Law360 Friday.
How A Mansion That Housed A Fashion Icon Landed In Ch. 11
Ornately carved walls are closing in around Peggy Nestor, whose 18,000-square-foot Beaux Arts mansion in New York City — which once housed the studio of Oleg Cassini, fashion designer to style icons Grace Kelly and Jacqueline Kennedy Onassis — is up for sale by the Chapter 11 trustee overseeing her bankruptcy.
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Large Cap More
A New York bankruptcy judge has declined to pause Greek shipping group Eletson Holdings' Chapter 11 plan while its former owners appeal the plan's confirmation, handing the company's current management a win a... (more story)
Medical implant maker Exactech asked a Delaware bankruptcy judge to approve debtor-in-possession loan changes that would free up $31 million, saying it's running low on funding for its Chapter 11 case.
A Texas bankruptcy judge Friday gave Steward Health Care the go-ahead to turn over responsibility for transition services for the dozens of hospitals it has sold during its Chapter 11 case to another hospital chain.
The estate of food storage company Tupperware Brands can solicit votes on its Chapter 11 liquidation plan, even as its creditors accused the debtor's latest plan of deviating from a prior agreement.
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Troubled talc supplier Whittaker Clark & Daniels Inc. told a New Jersey bankruptcy judge Thursday that a proposed $535 million settlement with Berkshire Hathaway-tied entities is the best hope talc injury clai... (more story)
A federal judge asked a Texas bankruptcy court to determine if the CEO of a now-bankrupt barge company has standing to sue over a former judge's secret romance with a Jackson Walker partner.
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A Delaware bankruptcy judge said Thursday she will confirm the Chapter 11 restructuring plan of Chilean mobile phone operator WOM SA after overruling two objections from creditors who said they are being treated unfairly.
Mid Cap More
A hearing for bankrupt trucking company KAL Freight to determine whether to convert the case to a Chapter 7 liquidation was pushed back to next week as the debtor tried to finalize a Chapter 11 asset sale.
Bankrupt electric vehicle and hydrogen fueling technology maker Nikola Corporation received approval Friday in Delaware for its proposed bidding procedures, which seek to conduct an auction for its asset in a month's time.
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A Texas bankruptcy judge Thursday approved the reorganization plan of Australia-based cobalt mining and refining group Jervois Mining Ltd., overruling a shareholder objection about the case's speed and U.S. ties.
A Texas bankruptcy judge Thursday gave skincare and beauty technology company Cutera Inc. permission to draw on $15 million in Chapter 11 financing as it moves toward a mid-April hearing for its prepack debt-s... (more story)
A state judge on Thursday heaped skepticism on New York City's bid to dismiss a sexual harassment lawsuit against Mayor Eric Adams based on the accuser filing for bankruptcy, noting a federal judge has now dir... (more story)
Engineering firm ENGlobal Corp., which focuses on assisting the energy sector, filed for Chapter 11 protection with a group of subsidiaries in Texas and carrying nearly $9 million in debt.
U.S. District Judge Sean F. Cox, the Eastern District of Michigan's chief judge, has informed President Donald Trump he will retire on July 27, according to an update posted on the federal judiciary's website on Thursday.
Two real estate companies facing foreclosure litigation sought bankruptcy protection in New York each listing at least $10 million in debt.