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Bankruptcy Judges Mull Sub V Stays, Conflicts In Panel Talk
Subchapter V has only been U.S. law for about six years, but it is starting to stir up a unique crop of post-confirmation issues, including whether and when to extend bankruptcy's automatic stay to a small business's principals, bankruptcy judges said during a recent panel discussion.
Judge John T. Dorsey's Legacy On The Bench And Beyond
A Delaware bankruptcy judge who oversaw cases such as the insolvencies of crypto supernova FTX and Irish pharmaceutical company Mallinckrodt has died "following a courageous battle with cancer," the court said Wednesday. Friends and colleagues, paying tribute, highlighted and mourned a brave, clever and dynamic man.
Meet The Attorneys Guiding Texas Developer Lurin In Ch. 11
Texas-based multifamily housing developer Lurin has retained a team from Porter Hedges LLP to represent it and its affiliates after entering bankruptcy with over $73 million in debt to stave off impending foreclosures.
Large Cap More
A Chapter 7 malpractice suit brought by the trustee of fintech company GloriFi asserting $1.7 billion in damages from a failed initial public offering mostly survived a motion to dismiss late Tuesday, with a T... (more story)
Multi-Color Corp. told a New Jersey bankruptcy judge Wednesday it had reached a settlement with creditors that resolves almost all objections to a Chapter 11 plan that would let the label maker eliminate $3.9 ... (more story)
A Texas bankruptcy judge Wednesday approved radio giant Cumulus Media's $592 million debt-for-equity Chapter 11 plan, overruling arguments from the U.S. Trustee's Office that the plan's third-party claims rele... (more story)
A Delaware bankruptcy judge has denied a Russian billionaire's bid to dismiss the Chapter 11 case of biotechnology investment company Apple Tree Life Sciences Inc. but said she would allow a winding-up proceed... (more story)
California-based home solar panel installer Freedom Forever filed for Chapter 11 protection in Delaware bankruptcy court Wednesday with more than $500 million in debt, including $114 million owed to residentia... (more story)
The U.S. Trustee's Office asked a New York bankruptcy judge to reject Spirit Airlines' bid to take a Chapter 11 plan to a vote, saying the debtor's disclosure statement regarding the plan is too thin.
Lenders and unsecured creditors to Inspired Healthcare Capital have told a Texas bankruptcy court it is too soon in the senior-living facility group's Chapter 11 case to appoint a mediator, arguing its mandato... (more story)
Saks Global Enterprises LLC on Tuesday secured a Texas bankruptcy judge's approval to sell a company jet for $6 million in the luxury retailer's Chapter 11 case.
Pharmacy services provider Omnicare's choice of a $250 million stalking horse bid for its assets was approved Tuesday by a Texas bankruptcy judge, setting up a possible auction in May.
Biotech investor Apple Tree Life Sciences Inc. asked a Delaware bankruptcy judge to let it use $7 million from a larger funding motion she has yet to rule on, saying it needs the money for operating expenses a... (more story)
Mid Cap More
A New York bankruptcy judge disqualified law firm Jones Day from representing talc producer Vanderbilt Minerals in its Chapter 11 case Wednesday, saying the firm's prior work for the larger Vanderbilt corporat... (more story)
A New York company connected to a local property manager filed a Chapter 11 bankruptcy petition for its five-story, mixed-use building in downtown Manhattan, heading off a foreclosure sale that had been schedu... (more story)
A New York bankruptcy judge allowed creditors of bankrupt talc producer Vanderbilt Minerals to supplement the record with additional evidence related to the debtor's proposed hire of the Jones Day firm as its ... (more story)
A federal judge ruled that a former employee of a bankrupt esports company cannot pursue a Connecticut wage claim against the company's CEO in that state, saying it would impose an "immense burden" on the Cali... (more story)
The co-founders of a defunct online legal adviser failed to block a creditor's demand for a £920,000 ($1.25 million) loan repayment, as a London court on Tuesday rejected their "vague and unparticularized" cla... (more story)
A Florida bankruptcy judge delayed confirming a cosmetic company's reorganization plan Monday after a creditor protested that its claim was inequitably subordinated in favor of a lender, which agreed to conver... (more story)
Rapper Cardi B has urged a Florida bankruptcy judge to sanction Tasha K, alleging the bankrupt YouTuber has been defying the terms of her own Chapter 11 Subchapter V plan by continuing a pattern of disparaging... (more story)
Battery recycling company Ascend Elements has filed a proposed bidding procedures motion in its Texas Chapter 11 case, seeking to hold a hearing for a sale of its assets by May 17.
The Chapter 7 trustee for Aspiration Partners Inc. has sued investors who have alleged in California state court that the company's co-founder and others defrauded them, telling a Delaware bankruptcy court the... (more story)
Lowenstein Sandler LLP expanded its newly launched Wilmington, Delaware, office this week with the addition of a four-attorney bankruptcy team from Polsinelli PC, including the former co-chair of Polsinelli's ... (more story)