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Finance Execs Taking A Strict Line On Late Pay Penalties
Almost two-thirds of U.S. finance leaders are unwilling to wait longer than 60 days before imposing penalties for late payments on invoices, with those creditors likely to enforce payment discipline amid rising bankruptcies and squeezed cash flow, a new survey found.
Catching Up With New Bankruptcy Case Action
A Nevada solar project and a Texas wind farm both sought bankruptcy protection, as did three Brooklyn apartment complexes and a cryotherapy chain headquartered in the Lone Star State.
Genesis' $1B Sale Approved, Roomba Maker Ch. 11 Plan OK'd
Nursing home operator Genesis Healthcare secured approval of a $1 billion asset sale, Roomba-maker iRobot received confirmation of its bankruptcy plan, and Saks got the go-ahead to begin liquidating online inventory.
Finance Execs Taking A Strict Line On Late Pay Penalties
Almost two-thirds of U.S. finance leaders are unwilling to wait longer than 60 days before imposing penalties for late payments on invoices, with those creditors likely to enforce payment discipline amid rising bankruptcies and squeezed cash flow, a new survey found.
Catching Up With New Bankruptcy Case Action
A Nevada solar project and a Texas wind farm both sought bankruptcy protection, as did three Brooklyn apartment complexes and a cryotherapy chain headquartered in the Lone Star State.
Genesis' $1B Sale Approved, Roomba Maker Ch. 11 Plan OK'd
Nursing home operator Genesis Healthcare secured approval of a $1 billion asset sale, Roomba-maker iRobot received confirmation of its bankruptcy plan, and Saks got the go-ahead to begin liquidating online inventory.
Expert Analysis
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Large Cap More
A New York bankruptcy judge approved more than $32 million in professional fees for firms working on the latest bankruptcy from Spirit Airlines, including about $13 million for restructuring adviser FTI Consul... (more story)
Quinn Emanuel Urquhart & Sullivan LLP in 2025 notched wins in novel bankruptcy issues, fending off a Brazilian telecommunication group's bid to ditch its Chapter 15 for Chapter 11 and representing the successf... (more story)
The U.S. Trustee's Office announced a 10-member creditor's committee including Amazon in the bankruptcy of luxury department store chain Saks Fifth Avenue and proposed an organizational meeting to take place Thursday.
Bankrupt self-driving vehicle technology development company Luminar Technologies can move forward with a pair of asset sales that will net the Chapter 11 estate $142.54 million in proceeds after a Texas bankr... (more story)
Bank of New York Mellon and a mortgage servicing company no longer face class action claims that they unfairly sought to collect on second mortgages following a bankruptcy discharge, a Boston federal judge has... (more story)
A Delaware bankruptcy judge ruled Tuesday that Viasat unit Inmarsat Global Ltd. violated the automatic stay of telecommunications group Ligado Networks LLC's Chapter 11 case when it sued Ligado and AST SpaceMo... (more story)
Otterbourg's bankruptcy attorneys spent 2025 pushing the frontiers of their practice, helping secure the dismissal of Johnson & Johnson's talc unit's bankruptcy plan and achieving confirmation of Purdue Pharma... (more story)
Both the managing partner and chair of Fox Rothschild LLP will start new terms in those positions in the spring, when a firm co-chair will join the leadership team to prepare for a possible transition to servi... (more story)
FAT Brands Inc., the owner of Fatburger and Johnny Rockets, and its affiliates have filed for Chapter 11 protection in a Texas bankruptcy court with $1.45 billion in funded debt, felled by an unsustainable deb... (more story)
A minority group of secured lenders of bankrupt fruit company Del Monte Foods Corp. said in a Friday adversary complaint that other lenders benefited from the company's Chapter 11 financing package without sha... (more story)
Mid Cap More
A Texas bankruptcy judge Wednesday allowed a wind farm owner in North Texas to access cash collateral, which would enable the company to operate during Chapter 11 proceedings and move to pursue an asset sale a... (more story)
The Missouri judge overseeing former DNA testing company 23andMe's bankruptcy agreed to give final approval to two class action settlements totaling $53.25 million on Wednesday, overruling a handful of objecti... (more story)
A bankrupt Alaska-based airline landed its first Chapter 11 motion approvals in Delaware on Wednesday, with a U.S. Trustee's Office attorney noting that "this case has some unusual qualities to it," including ... (more story)
Shannon Wind LLC, the owner of a wind farm in North Texas, has tapped Bradley Arant Boult Cummings LLP to oversee the bankruptcy it began Sunday with $108 million in debt, ailing from the long-term consequence... (more story)
Aiding and abetting and breaches of fiduciary duty claims went forward in Delaware Chancery Court on Tuesday against Jefferies LLC in connection with the $1.4 billion take-public blank check company merger of ... (more story)
Two Seventh Circuit judges on Tuesday pressed a Ballard Spahr LLP attorney to address why his firm didn't secure in writing that an investment fund would foot the legal bills of one of its officers, as the law... (more story)
A Delaware bankruptcy judge said Tuesday he was prepared to approve the sale of most of defunct mineral supplier US Magnesium's assets to the state of Utah, overruling an objection that the $30 million transac... (more story)
The Pennsylvania Superior Court has ruled that a lower court properly granted summary judgment in favor of Offit Kurman and two of its lawyers in a legal malpractice case.
The parent company of New Pacific Airlines filed for Chapter 11 protection in Delaware on Monday along with several affiliates, listing about $65.7 million of debt and saying its regional Alaskan flight routes... (more story)
The Chapter 7 trustee overseeing the bankruptcy of pump manufacturer Nash Engineering Co. has demanded a $59.7 million placeholder payment from a sprawling array of family members and trusts connected to the c... (more story)