Meet The Attorneys Guiding IPic Theaters Through Ch. 11
Dine-in movie theater chain iPic filed for Chapter 11 protection Feb. 25 in Southern Florida, electing to proceed under the Subchapter V designation reserved for small-business debtors whose liabilities are under a threshold of about $3 million. The company has enlisted Burr & Forman LLP as bankruptcy counsel.
Catching Up With New Bankruptcy Case Action
A radio station operator filed its second bankruptcy in less than 10 years; a Chicago hotel operator entered Chapter 11 with nearly $150 million in debt; and a chemical technology company sought bankruptcy protection in Texas.
Meet The Committee Counsel In Eddie Bauer Stores' Ch. 11
A committee of trade creditors is asking permission from a New Jersey bankruptcy judge to hire a trio of Pachulski Stang Ziehl & Jones LLP attorneys to represent the unsecured creditors in the Chapter 11 case of the retailer of the Eddie Bauer brand.
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A Delaware federal judge has overruled jilted Citgo bidder Gold Reserve's objection to a special master's bid for $15.3 million in attorney fees, rejecting its argument that the request was unreasonable in def... (more story)
A New York bankruptcy judge on Wednesday gave bankrupt air carrier Spirit Airlines permission to put 20 of the 48 aircraft its owns on the auction block next month with a baseline bid set at more than half a billion dollars.
A Virginia federal judge on Tuesday issued sanctions against a doctor being sued by a Johnson & Johnson unit over an article linking mesothelioma with talc products, saying that a jury will be told that he del... (more story)
The auction for telecommunications company Oi's equity stake in a Latin American fiber internet provider did not attract a qualified bid, an attorney representing the debtor told a New York bankruptcy judge Tuesday.
The Roman Catholic Diocese of Oakland on Tuesday told a California bankruptcy judge that a committee representing sexual abuse claimants is making unreasonable demands for cash and oversight in its newly propo... (more story)
A Texas appellate court Tuesday rejected two insurance companies' bid to stop a group of shareholders of now-bankrupt Cobalt International Energy from pursuing claims on behalf of thousands of other investors,... (more story)
Bankrupt car parts giant First Brands Group has asked a Texas judge to approve the $50 million sale of its small engine component business Walbro, the first in a series of anticipated business unit sales.
The Second Circuit on Monday revived a $5.5 million contractual dispute against Argentina, ruling that a New York state COVID-19 policy saved some bondholder claims from being time-barred.
A Florida federal judge Monday sanctioned a businessman and his attorney for submitting fraudulent documents in a $500 million dispute over ownership of the Miss America pageant and using the documents to put ... (more story)
Financially troubled auto parts maker First Brands Group told a Texas bankruptcy judge Monday that a third-party factoring lender is protected by cash in segregated bank accounts that the debtor said provide a... (more story)
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Avenger Flight Group, an insolvent flight training provider, told a Delaware bankruptcy judge Wednesday it has reached a global settlement with creditors that will allow the debtor to complete an asset sale, s... (more story)
The Catholic Diocese of El Paso filed for Chapter 11 relief in Texas as it faces 12 pending sexual abuse lawsuits from 18 plaintiffs involving allegations from 1956 to 1982.
Southdown Properties Inc., a Pennsylvania developer, has filed for Chapter 11 protections with between $1 million and $10 million in estimated liabilities and assets.
A Delaware bankruptcy judge has ordered the Chapter 11 case of vegan restaurant group Planta to be converted to a Chapter 7 liquidation, after the debtor said it has no other option.
A New York bankruptcy court Tuesday pushed back the disclosure statement hearing in the Chapter 11 case of Long Island nursing home operator Cold Spring Acquisition, after the debtor said it is continuing to n... (more story)
Barnes & Thornburg LLP and former board members for cryptocurrency miner Rhodium Encore LLC balked at Lehotsky Keller Cohn LLP's bid for sanctions in Rhodium's Chapter 11 case, saying they had done nothing wro... (more story)
Cheese producer Rizo-Lopez Foods Inc. told a California bankruptcy judge Monday that it has reached a sale agreement, delaying a motion to convert its case from a Chapter 11 reorganization to a Chapter 7 liquidation.
The owner of two Chicago hotels has filed for Chapter 11 protection in Delaware bankruptcy court with $146.7 million in mortgage debt, saying it's at an impasse with its senior lenders.
Bio-based chemical technology company Viridis has filed for Chapter 11 relief in Texas with more than $17 million in debt, citing cost overruns related to moving its manufacturing plant from Nebraska to Illinois.
A Delaware federal bankruptcy judge approved a $35.7 million sale of assets Monday in the Chapter 11 case of sports gear and golf course design enterprise Nicklaus Cos. LLC, agreeing to a deal that will see af... (more story)