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What's Happening In Bankruptcy Court This Coming Week
Kidde-Fenwal is asking to send its Chapter 11 plan to creditors for a vote, despite steadfast objections from states who say the firefighting foam maker hasn't given enough information on releases in its latest disclosure statement.
Meet The Attys Guiding EdTech Co. Anthology's Ch. 11
Anthology, a software company in the educational technology space, has hired attorneys from Kirkland & Ellis LLP and Haynes Boone to help it complete a Chapter 11 case aimed at selling off three lines of business and executing a restructuring agreement.
Some Courts Pause Bankruptcies Amid DOJ Staff Furlough
Several bankruptcy courts nationwide have paused deadlines, hearings and entire cases involving federal agencies after the government shutdown sent thousands of U.S. Department of Justice employees on furlough, including more than half of the staff it uses to oversee the bankruptcy system.
What's Happening In Bankruptcy Court This Coming Week
Kidde-Fenwal is asking to send its Chapter 11 plan to creditors for a vote, despite steadfast objections from states who say the firefighting foam maker hasn't given enough information on releases in its latest disclosure statement.
Meet The Attys Guiding EdTech Co. Anthology's Ch. 11
Anthology, a software company in the educational technology space, has hired attorneys from Kirkland & Ellis LLP and Haynes Boone to help it complete a Chapter 11 case aimed at selling off three lines of business and executing a restructuring agreement.
Some Courts Pause Bankruptcies Amid DOJ Staff Furlough
Several bankruptcy courts nationwide have paused deadlines, hearings and entire cases involving federal agencies after the government shutdown sent thousands of U.S. Department of Justice employees on furlough, including more than half of the staff it uses to oversee the bankruptcy system.
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A Texas bankruptcy judge Friday agreed to give final approval to medical transport company Modivcare's request to borrow $100 million in debtor-in-possession funds, finding that what the unsecured creditors' c... (more story)
A Texas bankruptcy judge Friday extended the authority of the Chapter 7 trustee for subprime car lender and seller Tricolor Holdings to run the debtor's business as she attempts to secure the company's books a... (more story)
Investment platform Linqto received a Texas bankruptcy judge's approval for a novel Chapter 11 settlement with customers that would offer them a version of the exposure to private startups the company purporte... (more story)
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The U.S. Trustee's Office has asked a Delaware bankruptcy judge to reject the proposed debtor-in-possession financing for U.S. Magnesium, saying the terms hand control of the case to the DIP lender and propose... (more story)
Wells Fargo agreed to pay $33 million to resolve allegations it played a supporting role in two "free trial" marketing ploys that pulled $200 million from consumers, schemes that were the subject of since-sett... (more story)
An entity seemingly related to the renovation of a nearly 100-year-old hotel in Long Beach, California, entered Chapter 11 bankruptcy in the Golden State, hauling at least $50 million in debt.
A Texas bankruptcy judge on Friday rejected Stoli Group USA's Chapter 11 plan, saying the vodka maker's proposal to pay off $78 million in secured debt with 35,000 barrels of unfinished bourbon is unfeasible i... (more story)
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Image Locations Inc., a company that helps movie and television productions rent space to film, filed for small-business Chapter 11 in California bankruptcy court, saying it needed protection from lenders whic... (more story)
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A New Jersey bankruptcy judge has approved Atlantic City timeshare business Flagship Resort Development's Chapter 11 liquidation plan, overriding objections to the plan's liability releases.
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The New Jersey Supreme Court has disbarred ex-Sacks Weston attorney Scott Diamond from the practice of law in the Garden State following his conviction for fraudulently resolving cases behind the back of his o... (more story)