Expert Analysis

NC Rulings Show Bankruptcy Isn't Only For Insolvent Debtors

Two recent rulings from a North Carolina bankruptcy court show that lack of financial distress is not a requiremen... (more story)

Cannabis Ruling Lights Path For Bankruptcy Protection

A recent Massachusetts bankruptcy appellate court ruling in Blumsack v. Harrington leaves the door open for those ... (more story)

What Bankruptcy Deadline Appeal May Mean For Claimants

If the Third Circuit reverses a recent appeal made in In re: Promise Healthcare, litigation claimants within the c... (more story)

Large Cap More

Curo Group Gets Final OK For $70M In Ch. 11 Financing

A Texas bankruptcy judge on Friday gave consumer lender Curo Group Holdings Corp. final permission to draw on $70 million in financing to pay its way through its Chapter 11 case.

4th Circ. Vacates Enviro Win In Mining Co. Permit Ruling

The special receiver for a defunct mining company can transfer mining permits for a site formerly owned by Patriot Coal Corp., the Fourth Circuit ruled, finding that a West Virginia federal judge interpreted a... (more story)

Yellow Corp. Likely Able To Keep Some Leases For Later Sales

A Delaware bankruptcy judge said Thursday he would probably approve troubled trucking company Yellow Corp.'s bid to assume more than 70 leases, but told the debtor and its landlords he needed until Friday to m... (more story)

J. Singer Law Group Adds New Bankruptcy Of Counsel

J. Singer Law Group PLLC has announced it hired bankruptcy attorney Ira Reid as the firm's new of counsel who will focus on its Chapter 11 bankruptcy practice.

Amazon Reseller's Ch. 11 Plan Heading For Creditor Vote

A New Jersey bankruptcy judge on Thursday sent the Chapter 11 plan of Amazon reseller Thrasio Holdings out for a creditor vote, with the ballots due a week after a report on potential claims against company insiders is filed.

2nd Circ. Won't Revive Investor Fight Over Honeywell Spinoff

The Second Circuit affirmed Wednesday the dismissal of a proposed securities class action accusing a bankrupt Honeywell transportation business spinoff of misleading investors about significant risks it faced ... (more story)

Rite Aid's Ch. 11 Plan Called An 'Unmitigated Disaster'

An array of Rite Aid creditors, including a whistleblower, a former employee, and rivals Walmart, Walgreens and CVS, are fighting the insolvent drugstore chain's second amended Chapter 11 plan in New Jersey ba... (more story)

NY Court OKs Purdue Pharma's 5th KEIP For $7.2M

A New York bankruptcy judge on Wednesday approved bankrupt drug manufacturer Purdue Pharma LP's plan to pay out $7.2 million to three executives and agreed to seal some of the specifics of how the executives' ... (more story)

Missouri Moves To Block Biden's Student Loan Relief Plan

A Missouri-led state alliance wants a federal court to block further student loan relief planned by the Biden administration, claiming the president's lending forgiveness scheme will cost them hundreds of mill... (more story)

99 Cents Seeks Quick Ch. 11 Auction For IP, Real Estate

Bankrupt discount retail chain 99 Cents Only hopes to sell its real estate, store leases and intellectual property by May 21 as part of its speedy Chapter 11 winding down, according to an auction procedures mo... (more story)

Mid Cap More

Small Business Ch. 11 Is Cheaper, More Efficient, Report Finds

Small businesses that seek protection under a new subchapter of the U.S. Bankruptcy Code spend less money on their cases and approve reorganization plans both more often and more quickly, according to an Ameri... (more story)

Giuliani Wants To Hire Longtime Friend To Help With Ch. 11

Former New York City Mayor Rudy Giuliani asked a New York bankruptcy judge to hire his friend of 50-some years and former White & Case LLP partner Kenneth Caruso as a special litigation counsel for the $148 mi... (more story)

Careismatic Plans $782M Debt Equity Swap In Ch.11

A New Jersey bankruptcy judge on Thursday approved the disclosure statement of medical scrubs distributor Careismatic Brands LLC, which outlined a plan to wipe out $782 million in secured debt and reflected an... (more story)

Senate Bill Would Extend Small Biz Ch. 11 Debt Cap Increase

A bipartisan group of U.S. senators are pushing new legislation that would prevent the current $7.5 million debt eligibility cap for Subchapter V bankruptcies, a simplified Chapter 11 process for small busines... (more story)

5th Circ. Says Subchapter V Limits Apply To Businesses

The Fifth Circuit has ruled that corporations are subject to the same restrictions on what debts they can have discharged through Subchapter V of the Bankruptcy Code's Chapter 11 as individuals using the strea... (more story)

Bank Wants To Exit Suit Over $100M Of Special Needs Trusts

American Momentum Bank has for the second time asked a Florida federal judge to let it get out of a lawsuit from the parents of a disabled child claiming it abetted a predatory scheme to misappropriate more th... (more story)

Bankrupt Oberweis Dairy Receives $20M Stalking Horse Bid

Oberweis Dairy Inc. has received a $20 million stalking horse bid for its assets and hopes to attract other potential buyers, its attorneys said at a bankruptcy hearing Thursday in Chicago, where it also recei... (more story)

Biotech Co. NanoString Lands $393M Bid At Ch. 11 Auction

Scientific instrument maker Bruker Corp. is set to acquire insolvent biotechnology company NanoString for roughly $393 million in cash that would be used to repay creditors under the debtor's recently proposed... (more story)

Ga. High Court Urged To Broaden Atty Malpractice Time Limit

Counsel for an Atlanta restaurateur urged the Supreme Court of Georgia on Wednesday to revive a malpractice claim against his former lawyer by allowing for a more expansive statute of limitations when breach o... (more story)

Chancery Orders Invictus Fund Manager To Hand Over Docs

A distressed credit and special situations fund that has battled its general partner and investment manager for months to hand over key records and documents won a partial victory in Delaware's Court of Chance... (more story)