Under The Radar: Bankruptcy News You May Have Missed
A judge converted Dormify's Chapter 11 case to a Chapter 7, a Canadian clothier's foreign representative asked to close the U.S. portion of its insolvency proceedings, and the liquidation trustee for Bernie Madoff's estate lost an effort to add $7 million more in claims to a clawback case.
Stranglehold Of Debt, Litigation Drove FAT Brands To Ch. 11
A CEO who once served prison time and was later accused of fraud. A series of acquisitions that left the company sharply overleveraged, ensnared in a knot of debt. This isn't a crypto firm or investment scheme. It's restaurant franchiser FAT Brands, which filed for bankruptcy last week.
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Meet The Attorneys Helping Nine Energy In Its Ch. 11
Oilfield service provider Nine Energy Services has tapped attorneys from Kane Russell Coleman Logan PC and Kirkland & Ellis LLP to lead it through the Chapter 11 case it began in order to address nearly $400 million in debt.
Under The Radar: Bankruptcy News You May Have Missed
A judge converted Dormify's Chapter 11 case to a Chapter 7, a Canadian clothier's foreign representative asked to close the U.S. portion of its insolvency proceedings, and the liquidation trustee for Bernie Madoff's estate lost an effort to add $7 million more in claims to a clawback case.
Stranglehold Of Debt, Litigation Drove FAT Brands To Ch. 11
A CEO who once served prison time and was later accused of fraud. A series of acquisitions that left the company sharply overleveraged, ensnared in a knot of debt. This isn't a crypto firm or investment scheme. It's restaurant franchiser FAT Brands, which filed for bankruptcy last week.
Meet The Attorneys Helping Nine Energy In Its Ch. 11
Oilfield service provider Nine Energy Services has tapped attorneys from Kane Russell Coleman Logan PC and Kirkland & Ellis LLP to lead it through the Chapter 11 case it began in order to address nearly $400 million in debt.
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FAT Brands is asking a Delaware bankruptcy judge for permission to use the proceeds from a sale of new shares in one of its subsidiary restaurant chains, saying it needs the more than $3 million in cash to fun... (more story)
A group of seven former McGlinchey Stafford PLLC attorneys with a mix of practices have found a new home in Kaufman Dolowich LLP.
A $50 million offer from brand manager Iconix International will be the baseline bid for a Chapter 11 auction of licensing rights for golf legend Jack Nicklaus' name, rights holder GBI Services has told a Dela... (more story)
A group of insurers that issued policies to bankrupt auto parts maker First Brands Group notified a Texas bankruptcy judge that they intend to appeal a January ruling on the ability of company executives to ac... (more story)
Ice Miller LLP has opened an office in Delaware by bringing on an experienced bankruptcy attorney from Potter Anderson & Corroon LLP, which the firm's chief managing partner said is a strategic move to give th... (more story)
A Texas bankruptcy judge granted senior living-focused private equity investor Inspired Healthcare Capital interim approval of a $35 million Chapter 11 financing package, allowing the debtor access to $10 million.
Defunct investment platform Linqto closed out a two-day Chapter 11 confirmation hearing Wednesday in Texas bankruptcy court, as supporters touted a plan establishing two recovery options for customers, and obj... (more story)
The Bankruptcy Administration Improvement Act of 2025 that sailed through Congress last month has made it to the desk of President Donald Trump and is awaiting his signature.
Lloyd's Of London and other insurers objected Tuesday to a motion from the bankrupt Roman Catholic Diocese of Albany, New York, seeking to allow an $8 million judgment in favor of an individual abuse claimant,... (more story)
Hartford HealthCare Corp. must hand over internal documents detailing its $86.1 million acquisitions of two hospitals from bankrupt Prospect Medical to a group of plaintiffs who accuse the health system of try... (more story)
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The liquidation trust for Fulcrum Bioenergy proposed a settlement with Spanish energy company Abengoa SA in Delaware bankruptcy court that would resolve years of disputes between the parties over contract perf... (more story)
Chapter 11 trustees will take over liquor brand Stoli and an affiliate under a cash collateral deal approved by a Texas bankruptcy judge Thursday that also diffuses Chapter 7 liquidation conversion motions.
The U.S. Bankruptcy Court for the District of Delaware has held the owners and affiliates of a defunct government contractor in contempt for violating a court-ordered asset freeze, concluding that they imprope... (more story)
Francesca's, a women's clothing boutique, filed for Chapter 11 bankruptcy relief Thursday in New Jersey to support an orderly store closing and wind-down of its business.
The bankrupt American Signature Furniture secured approval late Wednesday to move forward with a nearly $159 million sale to its top creditors — interests of the Schottenstein family of companies — after they ... (more story)
Unsecured creditors of the owner of a Long Island nursing home have asked a New York bankruptcy judge to deny the debtor any more extra time during which it has the exclusive right to file a liquidation plan, ... (more story)
A Delaware bankruptcy judge Wednesday approved the sale of recreational-vehicle fridge distributor Norcold LLC's assets to an insider, finding the sale of litigation claims did not amount to releases for the insiders.
The sentencing of a former executive at rapper Curtis "50 Cent" Jackson's liquor brand came to an 11th-hour halt Tuesday following the prosecution's letter suggesting he violated his agreement in which he pled... (more story)
Insurers for a bankrupt financial services company are not obligated to cover settlement payments and defense costs stemming from a pair of mortgage fee class actions, the Second Circuit affirmed Tuesday, find... (more story)
A Texas bankruptcy judge Tuesday gave oilfield service provider Nine Energy Services interim approval to tap into $56 million in Chapter 11 financing and set an early March hearing for the company's prepackage... (more story)