Spirit Airlines said Saturday that it is shutting down and will immediately start to liquidate its business after failing to secure the funding it needed to continue operating while under bankruptcy protection.

QVC told a Texas bankruptcy judge on Friday that granting shareholders' request to appoint an official equity committee in its Chapter 11 case would waste estate resources for the exclusive benefit of out-of-t... (more story)

The Archdiocese of New York and a committee representing most of the claimants alleging they were sexually abused by clergy and lay employees of the organization said they have reached terms on a settlement th... (more story)

Restaurant group Fat Brands has asked a Texas bankruptcy judge for more time to file a Chapter 11 plan as it continues to negotiate with creditors on a wind-down framework.

President Donald Trump said Friday the federal government had given Spirit Airlines a "final proposal" for a financing package that could help rescue the bankrupt budget airline amid reports that Spirit is pre... (more story)

McDermott Will & Schulte announced Friday the firm has scaled up its restructuring practice with a new partner based in New York, who has come aboard from Ropes & Gray LLP.

A Texas bankruptcy judge Friday approved Saks Global's Chapter 11 plan disclosure statement after hearing the retailer had struck a deal to split future litigation proceeds between the providers of its bankrup... (more story)

The U.S. Trustee and two groups of minority lenders filed objections to the proposed Chapter 11 plan of Del Monte Foods in New Jersey court, taking aim at the plan's release provisions and the treatment of minority claims.

Former shareholders of Eletson Holdings on Thursday joined with their ex-Eletson counsel at Reed Smith to ask a New York bankruptcy judge to dismiss a suit claiming they had schemed to seize control of Eletson... (more story)

Victims of the Sandy Hook Elementary School massacre have asked the Texas Supreme Court to let a court-appointed receiver lease Alex Jones' website Infowars to a company linked to satire publication The Onion,... (more story)

A Texas bankruptcy judge said Friday she would approve $2.5 million in additional Chapter 11 financing for two debtors that mine and process sand for fracking from an entity that is also pursuing a $21 million... (more story)

The U.S. trustee is pushing for the nearly three-year-long Chapter 11 case of a 207-bed Texas hospital to be converted to a Chapter 7 liquidation, saying the case has dragged on without a resolution in sight w... (more story)

Food kit and meal service provider FreshRealm filed proposed bidding and sale procedures late Thursday in New Jersey bankruptcy court seeking to get approval for an asset sale transaction by mid-June.

Phelps Dunbar LLP has expanded its presence in Texas with the addition of five attorneys from Johnston Clem Gifford PLLC and an office in Uptown Dallas, the firm announced Friday.

The New York Attorney General objected to the proposed automatic stay in the Chapter 11 plan of nursing home group Cold Spring Acquisition LLC, saying it improperly purports to extend bankruptcy protections af... (more story)

A creditor of three ProPhase Labs entities that provided COVID-19 testing services objected to the debtors' motion to extend the exclusive right to file a Chapter 11 reorganization plan, arguing that the debto... (more story)

Carbon Health Technologies said it needs another $11 million in debtor-in-possession financing to bring its loan total to $30.5 million, as it is on the verge of running out of money to continue operating its ... (more story)

Lone Star State law firm Kane Russell Coleman Logan PC has bulked up its litigation, labor and employment, bankruptcy and emergency response offerings with new attorney hires across its offices in Austin, Dallas and Houston.

Smith Gambrell & Russell LLP has hired three corporate partners in New York from Archer & Greiner PC who have worked together for more than a decade at their own boutique restructuring firm and in private practice.

A New Jersey bankruptcy judge has ordered the Chapter 11 case of Nostrum Laboratories Inc. to be converted to Chapter 7, after the debtor failed to file operating reports and declared its assets were liquidated.