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![The Astipalea, a liquefied petroleum gas tanker owned by Eletson Holdings, is pictured near the Port of Antwerp. (Alf van Beem via Creative Commons)](https://assets.law360news.com/1872000/1872388/eb65f19343ef95f5a3b52200ff21d217fb9a226c-astipalea_(ship,_2015)_imo_9711509_port_of_antwerp_photo_2.jpg)
A Look At The 3 Competing Eletson Ch. 11 Plans
A New York bankruptcy judge is in the unusual position of weighing competing Chapter 11 plans for Eletson — one from the debtor and two from creditors that sought to force it into liquidation — as a September confirmation hearing approaches, after rejecting arguments that the oil and gas transporter proposal has no chance of success.
![An exterior view of a Rite Aid drugstore. Rite Aid is a chain of drugstores based in Philadelphia, Pennsylvania. (Photo by Paul Weaver / SOPA Images/Sipa USA)(Sipa via AP Images)](https://assets.law360news.com/1872000/1872720/4916eaa41198b7a7c9a499a07bb9ea28926bca56-businesses_and_logos_in_williamsport,_us_-_10_aug_2024_90158.jpg)
Midyear Check-In 2024: Rite Aid Bankruptcy
Pharmacy chain Rite Aid Inc. entered bankruptcy last year facing billions of dollars in bank debt and staggering liabilities in connection with the national opioid crisis, but its trip through Chapter 11 resulted in a confirmed plan that addresses these obligations.
![U.S. Bankruptcy Court for the Southern District of New York, August 20, 2016.](https://assets.law360news.com/1872000/1872300/50c4309e398a09a9d0761b3f6b552dbdd7abbdc9-20160820_143504.jpg)
Top Bankruptcy Cases Of 2024: Midyear Report
Famous debtors, major U.S. Supreme Court rulings and "shocking" turnarounds have headlined an already busy 2024 in bankruptcy, and elevated interest rates are expected to continue pushing more companies to the brink this year, experts told Law360.
Large Cap More
A Texas bankruptcy judge on Thursday approved an order setting general closing procedures for bankrupt hospital operator Steward Health Care, but gave Pennsylvania authorities a week's reprieve as they try to ... (more story)
Jones Walker LLP announced Thursday that it has bulked up its bankruptcy and restructuring team and its litigation practice group with a partner in Houston who came aboard from Kelley Drye & Warren LLP.
Disbarred attorney Tom Girardi took the stand Thursday in his California federal fraud trial and denied stealing from any of his clients, while also showing a strong grasp of past events and people but claimin... (more story)
Petersen Health Care creditors have asked a Delaware bankruptcy judge to reject the company's request to pay up to $1.3 million in bonuses to executives and other employees, saying it is too close to the end o... (more story)
Manhattan federal prosecutors announced Thursday that Michelle Bond, a crypto industry lobbyist and the girlfriend of convicted former FTX executive Ryan Salame, has been charged with getting the now-defunct d... (more story)
A Chinese real estate developer is asking a New York bankruptcy judge for U.S. recognition for its efforts to restructure more than $7.4 billion in overseas debt held in Hong Kong and the Cayman Islands.
Former FTX executive Ryan Salame urged a New York federal judge Wednesday to either vacate his May conviction or stop federal prosecutors from investigating his domestic partner Michelle Bond for related polit... (more story)
A neurologist with Vanderbilt University testified Wednesday in Tom Girardi's criminal fraud trial in California federal court that the disbarred attorney was likely exaggerating his cognitive problems in late... (more story)
Fifteen Delaware student loan trusts have petitioned the U.S. Supreme Court to rescue them from a long-running Consumer Financial Protection Bureau enforcement lawsuit, asking to appeal a Third Circuit decisio... (more story)
Zachry Holdings Inc., the former contractor for a Texas natural gas plant, asked a bankruptcy judge in the state to decide it is due a bit under $2 million from an account shared with its onetime partners and ... (more story)
Mid Cap More
A Texas state appeals court on Thursday reversed a decision allowing a receiver to settle a lawsuit on behalf of a company owned by real estate investor Nate Paul, relying largely on a dispute from an El Paso ... (more story)
A Delaware bankruptcy judge on Thursday tabled a decision on final approval of Delta Apparel's bankruptcy financing to give the clothing maker and its creditors more time to sort out disagreements over how the... (more story)
A Delaware bankruptcy judge said Thursday he will approve procedures for bidding on the assets of a Los Angeles-based company that operates casual restaurant chain Tender Greens and Mexican eatery Tocaya.
Hardinge, a producer of metal-cutting equipment, is set to hold a bankruptcy auction for the business in September, with a $100 million credit offer setting the floor, the debtor's attorneys said Thursday, tel... (more story)
Cole Schotz PC asked a Delaware bankruptcy judge to give the firm clearance to drop the former operator of a California luxury hotel as a client over an alleged failure to pay its invoices.
Delta Apparel's official committee of unsecured creditors asked a Delaware bankruptcy court to deny the clothing manufacturer final approval for its debtor-in-possession loan, saying it is a lopsided deal that... (more story)
Eversheds Sutherland's growing U.S. finance practice group picked up another new addition Wednesday, an Atlanta counsel who was previously with Kilpatrick Townsend & Stockton LLP.
A New York bankruptcy judge Wednesday said he will give a hearing to all three Chapter 11 plans proposed for shipping company Eletson Holdings, rejecting arguments that the creditor voting results spell the en... (more story)
The former fiancee of ex-Girardi Keese executive Chris Kamon told a California federal jury in Tom Girardi's criminal trial Tuesday about a dramatic call she received from Kamon, during which he told her he wa... (more story)
The bankruptcy trustee handling the estate of failed California debt relief law firm Litigation Practice Group has won temporary control over key properties of a businessman formerly involved in the firm, incl... (more story)