Expert Analysis

Ch. 11 Case Shows Why Plan Acceptance Procedures Are Key

Sunland Medical's recent liquidation plan proposal is an important example of how top-notch judges and attorneys p... (more story)

Risks Of Rejecting Hotel Mgmt. Agreements Via Bankruptcy

In recent years, hotel owners have paid a high price when they attempted to use bankruptcy proceedings to prematur... (more story)

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)

Large Cap More

WeWork Urged To Add Info Ahead Of Ch. 11 Plan Doc Hearing

Bankrupt flexible office space company WeWork Inc. will present its Chapter 11 plan disclosure statement for court approval April 29 in New Jersey, but a judge there urged the debtor to add significant informa... (more story)

Retailer Express Inc. Gets OK To Tap $35M In DIP Financing

A Delaware bankruptcy judge on Tuesday said she would approve Express Inc.'s request to borrow $35 million in debtor-in-possession financing and to roll up other debt so that the apparel retailer can stay aflo... (more story)

ABI Names Christopher Ward President, Elects New Directors

Christopher A. Ward of Polsinelli LLP will lead the American Bankruptcy Institute as president for a one-year term, the organization said Tuesday, and U.S. Bankruptcy Judge Bruce Harwood will succeed him next April.

DOJ Unveils $139M Deal For Larry Nassar Victims

The U.S. Department of Justice will pay $138.7 million to settle 139 tort claims accusing the Federal Bureau of Investigation of not doing enough to stop the sprawling, decades-long sexual abuse of hundreds of... (more story)

Alex Jones' InfoWars To Have Key Ch. 11 Plan Hearing In June

A Texas bankruptcy judge on Monday rescheduled to June 14 a key hearing on how the court should handle Alex Jones' media company Free Speech Systems LLC's Chapter 11, adding that he plans to keep the separate ... (more story)

Endo Creditor Trust Asks For $50M In Litigation Financing

The committee of unsecured creditors in the Chapter 11 case of pharmaceutical company Endo International asked a New York bankruptcy judge Monday for permission to enter into a $50 million secondary financing ... (more story)

Ebix Can Use Proceeds Of $386M Sale To Pay Down Debt

A Texas bankruptcy judge on Monday agreed to grant insurance software provider Ebix's request to tap a portion of the $386 million sale of its North American life and annuity assets to repay its prepetition le... (more story)

Westinghouse Estate Can Sue US Trustee For $5M Fee Refund

Westinghouse's wind-down entity won permission Monday to reopen the nuclear energy giant's reorganization case and file an adversary lawsuit against the U.S. Trustee's Office, which, it alleges, overcharged th... (more story)

Clothing Retailer Express Inc. Hits Ch. 11 With Sale Offer

Fashion retailer Express Inc. filed for Chapter 11 protection Monday in Delaware to help tame roughly $1.2 billion in debt, saying it has an offer from a group of buyers for the majority of its assets, includi... (more story)

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)

Mid Cap More

DOJ Says 2 Bankruptcy Preparers Banned In Fla., Ore.

A disbarred lawyer and a nonattorney who separately helped clients fill out bankruptcy petitions in Florida and Oregon can no longer offer their services after courts in those states recently found they engage... (more story)

US Trustee Wary Of Shoes For Crews Ch. 11 Loan And Sale

The U.S. Trustee's Office has objected to final approval of a debtor-in-possession loan and bidding procedures for Shoes For Crews, saying the motions would take away the right of creditors to challenge prepet... (more story)

Judge Agrees To OK EV Charging Co.'s Ch. 11 Plan

A Delaware bankruptcy judge said Tuesday he will sign off on electric-vehicle charging company Charge Enterprises' proposed Chapter 11 plan once it modifies the time frame for exculpation.

Israeli Biotech Files Ch. 15 To Implement Take-Private Deal

Gamida Cell Ltd., an Israeli biotechnology company developing immunotherapy products, filed for Chapter 15 protection Monday in Delaware seeking the American court's approval of its foreign take-private propos... (more story)

NC Justices Urged To Reject Greg Lindberg Co.'s Review Bid

North Carolina's insurance commissioner urged the state's supreme court to prevent a company controlled by insurance mogul Greg Lindberg from intervening in the liquidation proceedings of two of his life insur... (more story)

Biotech Eiger Can Sell Rare-Disease Drug For $46M In Ch. 11

Insolvent biotechnology company Eiger BioPharmaceuticals Inc. received approval Tuesday at a hearing in Texas to sell its drug treatment for a rare genetic disorder to Sentynl Therapeutics, a subsidiary of Ind... (more story)

NY Panel Partially Revives Chubb, Archdiocese Abuse Row

A New York state appeals court partially revived Chubb's coverage dispute stemming from sexual abuse claims brought against the Archdiocese of New York, finding Tuesday that a trial court incorrectly based its... (more story)

Downtown Chicago Hotel Hits Ch. 11 With Up To $50M In Debt

A defunct hotel near Chicago's commercial center has applied for Chapter 11 protection in Delaware bankruptcy court, disclosing between $10 million and $50 million in debt, a few months after the city governme... (more story)

Petersen Health Shouldn't Get LLCs Back, Creditor Says

A loan servicer of bankrupt senior-living company Petersen Health Care has asked a Delaware bankruptcy court to dismiss the Chapter 11 cases of 16 of Petersen's affiliates, saying they could not file for bankr... (more story)

Atty Says Class Bid Over Bankrupt Firm's Hurricane Ads Fails

A proposed class action against troubled Houston law firm MMA Law Firm, a former partner and others accused of participating in an illegal scheme to scare up profitable litigation following a hurricane doesn't... (more story)