August 05, 2022
The Boy Scouts of America got a court's nod for the linchpin of its $2.7 billion Chapter 11 plan, the defamation damages trial of conspiracy theorist Alex Jones and his bankrupt media enterprise resulted in nearly $50 million in damages, and customers of cryptocurrency platform Voyager Digital can withdraw their cash from custodial accounts. This is the week in bankruptcy.
August 02, 2022
A Delaware bankruptcy judge on Tuesday approved $147 million in Chapter 11 financing for mortgage lender First Guaranty Mortgage Corp. after the company reached a deal with its unsecured creditors on the terms of the loan.
July 07, 2022
The global collapse of cryptocurrency prices tipped two firms into bankruptcy, a New York youth club is seeking a quick mediation of sex abuse claims, and a pilot strike caused a Scandinavian airline to file for Chapter 11 earlier than expected. This is the week in bankruptcy.
July 01, 2022
Mortgage lender First Guaranty Mortgage Corp. got court permission Friday to access $11 million of a bankruptcy financing package after resolving multiple objections from its banking partners and unsecured creditors at a virtual first day hearing.
July 01, 2022
Residential mortgage lender First Guaranty Mortgage Corp. filed for Chapter 11 protection in Delaware bankruptcy court in the midst of cash flow problems arising from a downturn in the mortgage origination and refinancing business.
June 30, 2022
Mortgage lender First Guaranty Mortgage Corp. filed for Chapter 11 protection in Delaware on Thursday just days after laying off hundreds of employees, listing $500 million or more in debt in its initial filings.