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Wave Of Defaults Looms For Fed's Main Street Loans
Some businesses that took out big loans backed by American taxpayers during the COVID-19 pandemic have gone bankrupt, and the stage is set for a wall of similar debt to start crashing later this year when large payments come due.
Meet The Attys Helping Liberated Brands Through Ch. 11
Outdoor apparel retailer Liberated Brands LLC has assembled a team of attorneys from Klehr Harrison Harvey Branzburg LLP and Kirkland & Ellis LLP to guide the company through a Chapter 11 case aimed at winding down and selling parts of its business.
Catching Up With New Bankruptcy Case Action
A company that sells Volcom, RVCA and Billabong-branded clothes is seeking Chapter 11 protection after losing its key brand licensing agreements. Meanwhile, the owner of one of the world's largest cobalt processing plants entered bankruptcy with hopes of restructuring under a lender-backed plan.
Wave Of Defaults Looms For Fed's Main Street Loans
Some businesses that took out big loans backed by American taxpayers during the COVID-19 pandemic have gone bankrupt, and the stage is set for a wall of similar debt to start crashing later this year when large payments come due.
Meet The Attys Helping Liberated Brands Through Ch. 11
Outdoor apparel retailer Liberated Brands LLC has assembled a team of attorneys from Klehr Harrison Harvey Branzburg LLP and Kirkland & Ellis LLP to guide the company through a Chapter 11 case aimed at winding down and selling parts of its business.
Catching Up With New Bankruptcy Case Action
A company that sells Volcom, RVCA and Billabong-branded clothes is seeking Chapter 11 protection after losing its key brand licensing agreements. Meanwhile, the owner of one of the world's largest cobalt processing plants entered bankruptcy with hopes of restructuring under a lender-backed plan.
Expert Analysis
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Large Cap More
Party City received court approval Wednesday to continue using cash collateral as the bankrupt retailer continues to liquidate its assets, after agreeing to a deal with its unsecured creditors committee and se... (more story)
The U.S. Trustee's Office Tuesday asked a Delaware bankruptcy judge to reject the opt-out third-party releases in True Value Co.'s proposed Chapter 11 plan.
A deal proposed by the Chapter 7 trustee in the bankruptcy case of right-wing conspiracy peddler Alex Jones that would have resolved the nearly $1.5 billion in claims held by the families of Sandy Hook school ... (more story)
The bankruptcy trustee for disgraced California attorney Tom Girardi's defunct law firm is suing to prevent New York attorney Joseph DiNardo from discharging $7.5 million in his own bankruptcy, claiming DiNard... (more story)
Purdue Pharma LP has asked a New York bankruptcy judge for permission to terminate a pension plan that has more than 3,000 participants, arguing the present value of the plan's assets and favorable economic co... (more story)
Commercial Chapter 11 filings rose by 16% in January compared to the same month a year before, exceeding the increase in consumer bankruptcy filings over the same period, according to data provided by legal te... (more story)
Paul Hastings LLP spent 2024 representing renowned bankruptcy cases, including FTX, Core Scientific, WeWork and Diamond Sports Group's Chapter 11, helping various creditors recover billions of dollars and over... (more story)
A Delaware bankruptcy judge on Tuesday rejected medical implant maker Exactech Inc.'s bid to send its Chapter 11 plan out for voting, saying a disclosure statement attached to the proposal lacked critical info... (more story)
King & Spalding LLP said it has hired away two Alston & Bird partners for the firm's bankruptcy stable.
A Texas bankruptcy judge on Monday asked a law firm why it didn't disclose previous work it did for the Chapter 7 trustee liquidating SmileDirectClub when it applied to be special litigation counsel, saying he... (more story)
Mid Cap More
The Eleventh Circuit said a mortgage servicing company illegally charged borrowers fees for online and phone payments, upholding a Florida federal court's decision that it improperly collected so-called pay-to... (more story)
The Office of the U.S. Trustee asked a Delaware bankruptcy judge to reject the Chapter 11 plan disclosure from bankrupt electric-engine developer First Mode Holdings Inc., arguing that it provides too little i... (more story)
Lowenstein Sandler LLP has moved in New Jersey state court to consolidate its $800,000 legal fee case against a cannabis dispensary with a malpractice suit that the dispensary recently filed against it and han... (more story)
A Delaware bankruptcy judge on Tuesday agreed to give interim approval for outdoors and athletic clothing retailer Liberated Brands LLC to access $25 million of its $35 million debtor-in-possession financing.
Discount retailer Bargain Hunt Stores, which operates almost 100 outlets, has entered bankruptcy in Tennessee with plans to shut its doors through Chapter 11.
The U.S. Trustee's Office asked a Texas bankruptcy judge to put The Container Store's Chapter 11 plan on hold while it appeals his decision that a creditor's failure to opt out of the plan's third-party releas... (more story)
A Mondee shareholder has alleged the insolvent travel app company's proposed debtor-in-possession financing and bidding procedures would violate the Bankruptcy Code by allowing the transfer of "substantially a... (more story)
The Chapter 11 trustee overseeing convicted Chinese fraudster Miles Guo's bankruptcy estate can keep secret for 180 days an adversary proceeding settlement with a New York law firm because similar clawback cas... (more story)
A Delaware bankruptcy judge Tuesday rejected Blink Fitness' request to shield the administrator of its Chapter 11 wind-down plan from legal liability, saying she can't release claims for future acts.
A Houston federal judge on Monday recommended closing an ethics case against Jackson Walker LLP over its supposed knowledge of a firm attorney's relationship with a judge, finding the court lacked the authorit... (more story)