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How 'Debt's Grip' Shows Up In Consumer Bankruptcies: Part 1
Over the past 40 years, the demographics of who is filing for bankruptcy have shifted significantly, with single women and people over 65 years old making up larger numbers of filers, according to a new book that illuminates fault lines in the U.S. economy.
What's Happening In Bankruptcy Court This Coming Week
A Delaware bankruptcy judge will weigh SilverRock's $65 million proposed sale. A New York bankruptcy judge will hold a pretrial conference on a tax dispute in SVB Financial Group's Chapter 11 case. And a Texas bankruptcy judge will conduct a hearing on fiber network provider Everstream's Chapter 11 plan disclosure statement.
Under The Radar: Bankruptcy News You May Have Missed
Rhodium challenged a $9 million fee request from Lehotsky Keller Cohn LLP for its work as special litigation counsel in a dispute with a landlord. Lenders of the company behind MTV's "Ridiculousness" argued that its bankruptcy should be dismissed. Recovery Law Group asked a court to reconsider a $392,000 fine and a three-year filing ban. And Maverick Gaming defended its sales process.
How 'Debt's Grip' Shows Up In Consumer Bankruptcies: Part 1
Over the past 40 years, the demographics of who is filing for bankruptcy have shifted significantly, with single women and people over 65 years old making up larger numbers of filers, according to a new book that illuminates fault lines in the U.S. economy.
What's Happening In Bankruptcy Court This Coming Week
A Delaware bankruptcy judge will weigh SilverRock's $65 million proposed sale. A New York bankruptcy judge will hold a pretrial conference on a tax dispute in SVB Financial Group's Chapter 11 case. And a Texas bankruptcy judge will conduct a hearing on fiber network provider Everstream's Chapter 11 plan disclosure statement.
Under The Radar: Bankruptcy News You May Have Missed
Rhodium challenged a $9 million fee request from Lehotsky Keller Cohn LLP for its work as special litigation counsel in a dispute with a landlord. Lenders of the company behind MTV's "Ridiculousness" argued that its bankruptcy should be dismissed. Recovery Law Group asked a court to reconsider a $392,000 fine and a three-year filing ban. And Maverick Gaming defended its sales process.
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Large Cap More
Published in August, "Debt's Grip: Risk and Consumer Bankruptcy" looks at a sample of U.S. Chapter 7 and 13 consumer bankruptcies filed between 2013 and 2023, painting a picture of people's debts, demographics... (more story)
The U.S. Supreme Court on Tuesday declined to hear the appeal of right wing conspiracy theorist Alex Jones in connection with a $1.4 billion defamation judgment granted by a Connecticut state court in favor of... (more story)
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney tips for data center approvals, one Big Law partner's perspective on the reinvention of real estate... (more story)
A New Jersey federal judge signed off on a $1.95 million class action settlement resolving claims that the administrators of Bed Bath & Beyond Inc.'s 401(k) savings plan shortchanged employees after the retail... (more story)
A Texas bankruptcy judge Friday approved a $45 million settlement between Yale New Haven Health Services Corp. and Prospect Medical that ends a legal battle over failed hospital sales, as Prospect works toward... (more story)
Nine companies have been named to the official committee of unsecured creditors for auto parts company First Brands, including an affiliate of Raistone Capital, which urged a Texas bankruptcy judge to appoint ... (more story)
A New York bankruptcy judge Friday approved Spirit Airlines' request to borrow $200 million under a Chapter 11 financing deal and enter into a settlement with its largest lessor, letting the budget air carrier... (more story)
A Texas bankruptcy judge Friday rescheduled the Chapter 11 plan confirmation hearing for medical transport company Modivcare Inc. to give parties more time to complete discovery, pushing back the proceedings by three weeks.
Bankrupt drugstore chain Rite Aid Friday defended its decision to not pay for druggist insurance to cover ex-employees at pharmacies it has sold to former competitor CVS, while saying CVS has breached the sale... (more story)
Infowars host Alex Jones has asked the U.S. Supreme Court to stay enforcement of a Connecticut court judgment awarding more than $1 billion to the families of Sandy Hook Elementary School shooting victims, arg... (more story)
Mid Cap More
Humanoids Inc., a comics publisher best known as the originator of the Heavy Metal comic, has filed for Chapter 7 in Delaware bankruptcy court with $10 million to $50 million in debt.
The Chapter 11 liquidation plan from agriculture company Yield10 Bioscience received approval Tuesday from a Delaware bankruptcy judge, setting up general unsecured creditors to receive about 20% recoveries.
The U.S. Supreme Court on Tuesday invited the federal government to weigh in on a gatekeeping mechanism meant to shield restructuring professionals from frivolous litigation in the Texas bankruptcy of defunct ... (more story)
A series of rulings by a Delaware vice chancellor on Friday resolved for now disputes over control of Caribevision TV Network LLC, the self-described media "eyes and ears of the Caribbean" that recently saw po... (more story)
The federal bankruptcy watchdog is asking a New York bankruptcy judge to appoint a trustee to take control of an insolvent New York City hotel operator, saying the abrupt and chaotic shutdown of its businesses... (more story)
A 45-story former ExxonMobil headquarters in downtown Houston has filed for bankruptcy after a failed plan to convert the building into apartments left the property up for sale, and the owner of three apartmen... (more story)
The insolvent operator of The Chariot, a restaurant and event venue business in New Jersey, tried Thursday to fend off attempts from its key lender to collect on its debt and effectively end its bankruptcy, as... (more story)
A Teamsters local asked a Texas bankruptcy judge to rethink his order permitting RunItOneTime LLC to sell assets to a company managed by one of its founders, saying the bankruptcy court lacked jurisdiction to ... (more story)
An Australian hemp manufacturer and its U.S. subsidiaries asked a Delaware federal judge Thursday to dismiss or pause a lawsuit filed by a former executive-turned-whistleblower, arguing the case should be defe... (more story)
Bankrupt California property developer SilverRock Development defended its proposed $65 million property sale, telling a Delaware bankruptcy court that detractors are using speculative property valuations and ... (more story)