Expert Analysis

NC Rulings Show Bankruptcy Isn't Only For Insolvent Debtors

Two recent rulings from a North Carolina bankruptcy court show that lack of financial distress is not a requiremen... (more story)

Cannabis Ruling Lights Path For Bankruptcy Protection

A recent Massachusetts bankruptcy appellate court ruling in Blumsack v. Harrington leaves the door open for those ... (more story)

What Bankruptcy Deadline Appeal May Mean For Claimants

If the Third Circuit reverses a recent appeal made in In re: Promise Healthcare, litigation claimants within the c... (more story)

Large Cap More

SBF Inks Deal To Help FTX Investors Go After Promoters

Investors who launched multidistrict litigation over cryptocurrency exchange FTX's collapse asked a Florida federal judge Friday to bless their settlement with founder Sam Bankman-Fried, who has agreed to assi... (more story)

Creditor Committee Backs Yellow In Pension Fund Fight

The official committee of unsecured creditors in Yellow Corp.'s Chapter 11 bankruptcy has largely backed an objection from the debtor to several pension plans' claims for retirement-fund withdrawal liability, ... (more story)

NY Diocese Claims Rep Warns Of 'Disaster' If Ch. 11 Scrapped

The future claims representative for sex abuse victims in the bankruptcy case of the Roman Catholic Diocese of Rockville Centre told a New York judge Friday he could not "stand mute while this case barrels on ... (more story)

Bankruptcy Bill Seeks To Aid Sex Abuse Victims

A bill introduced in the U.S. House of Representatives would help sexual abuse victims by limiting the ability of their abusers to shield themselves by filing for bankruptcy, according to the bipartisan pair b... (more story)

9 Ex-Ingram LLP Attorneys Join Tarter Krinsky In New York

Tarter Krinsky & Drogin LLP announced that nine attorneys from the now-defunct firm Ingram LLP joined its New York office, expanding the firm's litigation, real estate, and landlord and tenant practice groups.

Curo Group Gets Final OK For $70M In Ch. 11 Financing

A Texas bankruptcy judge on Friday gave consumer lender Curo Group Holdings Corp. final permission to draw on $70 million in financing to pay its way through its Chapter 11 case.

4th Circ. Vacates Enviro Win In Mining Co. Permit Ruling

The special receiver for a defunct mining company can transfer mining permits for a site formerly owned by Patriot Coal Corp., the Fourth Circuit ruled, finding that a West Virginia federal judge interpreted a... (more story)

Yellow Corp. Likely Able To Keep Some Leases For Later Sales

A Delaware bankruptcy judge said Thursday he would probably approve troubled trucking company Yellow Corp.'s bid to assume more than 70 leases, but told the debtor and its landlords he needed until Friday to m... (more story)

J. Singer Law Group Adds New Bankruptcy Of Counsel

J. Singer Law Group PLLC has announced it hired bankruptcy attorney Ira Reid as the firm's new of counsel who will focus on its Chapter 11 bankruptcy practice.

Amazon Reseller's Ch. 11 Plan Heading For Creditor Vote

A New Jersey bankruptcy judge on Thursday sent the Chapter 11 plan of Amazon reseller Thrasio Holdings out for a creditor vote, with the ballots due a week after a report on potential claims against company insiders is filed.

Mid Cap More

Casino SPAC Can Return Money, Not Shares, Chancery Rules

Stockholders in a blank-check company that failed to merge with a Philippines-based casino are entitled to a distribution from $37.5 million sitting in trust, but the company may not redeem any shares until an... (more story)

Casa Systems Won't Take $18M Rival Bid For Telecom Assets

Troubled communications equipment supplier Casa Systems told a Delaware bankruptcy judge Friday it received a new offer for its cloud and radio access network unit that would fetch more cash than a previously ... (more story)

Life Sciences Biz NanoString Gets OK For $393M Ch. 11 Sale

Insolvent biotech company NanoString can be sold to scientific instrument maker Bruker Corp., a Delaware bankruptcy judge ruled Friday, after the buyer clinched the winning bid during a 14-hour Chapter 11 auction.

US Trustee Balks At 22% Rate On Petersen Health DIP Loan

The U.S. Trustee's Office objected Friday to senior living company Petersen Health Care's proposed bankruptcy financing, telling a Delaware judge that the combined 22% interest rate on the $45 million debtor-i... (more story)

US Trustee Balks At Releases In EV Charging Co.'s Ch. 11 Plan

The U.S. Trustee's Office on Friday objected to electric-vehicle charging company Charge Enterprises Inc.'s proposed Chapter 11 plan, telling a Delaware bankruptcy court it contains an "impermissibly broad" ex... (more story)

Quinn Emanuel Faces Class Action Over Fla. Fee Agreements

The wife of luxury home developer Nir Meir, who was charged with falsifying records and defrauding investors, is hoping to avoid paying more than $360,000 in attorney fees to Quinn Emanuel Urquhart & Sullivan ... (more story)

Tex-Mex Chain Tijuana Flats' New Owner Puts It In Ch. 11

Fast-casual Tex-Mex dining chain Tijuana Flats said Friday it has changed ownership and filed for Chapter 11 protection in Florida bankruptcy court with more than $10 million in debt.

Giuliani Wants To Hire Longtime Friend To Help With Ch. 11

Former New York City Mayor Rudy Giuliani asked a New York bankruptcy judge to hire his friend of 50-some years and former White & Case LLP partner Kenneth Caruso as a special litigation counsel for the $148 mi... (more story)

Careismatic Plans $782M Debt Equity Swap In Ch.11

A New Jersey bankruptcy judge on Thursday approved the disclosure statement of medical scrubs distributor Careismatic Brands LLC, which outlined a plan to wipe out $782 million in secured debt and reflected an... (more story)

Senate Bill Would Extend Small Biz Ch. 11 Debt Cap Increase

A bipartisan group of U.S. senators are pushing new legislation that would prevent the current $7.5 million debt eligibility cap for Subchapter V bankruptcies, a simplified Chapter 11 process for small busines... (more story)