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Trade War Likely To Swell Already Rising Insolvency Forecast
Sticky inflation and elevated interest rates were already expected to drive more businesses into bankruptcy this year, but even more could become insolvent if the United States' new tariff regime sparks an all-out global trade war, experts told Law360.
Meet The Attys Helping Zips Car Wash Through Ch. 11
Zips Car Wash LLC has put together a roster of attorneys from Gray Reed and Kirkland & Ellis LLP to help steer it through Chapter 11 as it seeks votes on a restructuring plan that would involve a debt for equity trade.
Meet The Attorneys Guiding Telefonica Del Peru In Ch. 15
The former national phone company of Peru, advised by lawyers from White & Case LLP, is navigating a Chapter 15 case in Texas to obtain recognition of its Peruvian insolvency proceedings, which the company launched after authorities in its home country imposed a $372 million tax bill.
Trade War Likely To Swell Already Rising Insolvency Forecast
Sticky inflation and elevated interest rates were already expected to drive more businesses into bankruptcy this year, but even more could become insolvent if the United States' new tariff regime sparks an all-out global trade war, experts told Law360.
Meet The Attys Helping Zips Car Wash Through Ch. 11
Zips Car Wash LLC has put together a roster of attorneys from Gray Reed and Kirkland & Ellis LLP to help steer it through Chapter 11 as it seeks votes on a restructuring plan that would involve a debt for equity trade.
Meet The Attorneys Guiding Telefonica Del Peru In Ch. 15
The former national phone company of Peru, advised by lawyers from White & Case LLP, is navigating a Chapter 15 case in Texas to obtain recognition of its Peruvian insolvency proceedings, which the company launched after authorities in its home country imposed a $372 million tax bill.
Expert Analysis
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Large Cap More
A former SunEdison Inc. executive scored a record-breaking $34.5 million settlement with SunEdison-sponsored yieldcos he once ran following a nearly decadelong legal battle and a finding that he was fired as r... (more story)
The U.S. Trustee's Office has renewed its call for a district court trial over whether Jackson Walker LLP should return millions in fees for failing to disclose an ex-partner's romance with a bankruptcy judge,... (more story)
A Delaware bankruptcy judge said Thursday she would soon decide whether retail-chain owner Franchise Group Inc. can keep exclusive control over its efforts to confirm a reorganization deal, as a group of lende... (more story)
An attorney from Reed Smith LLP asked a New York bankruptcy judge Thursday to let the firm withdraw its representation of one of two parties vying to control international shipping group Eletson Holdings, noti... (more story)
With 37 years in bankruptcy law under his belt, Florida State University College of Law adjunct professor Michael Markham has launched a bankruptcy pro bono clinic to connect future attorneys with the much-nee... (more story)
Berger Singerman LLP announced that a pair of bankruptcy and restructuring attorneys from Johnson Pope Bokor Ruppel & Burns LLP have joined the firm's Tampa, Florida, office as part of its business reorganization team.
When a high-profile piece of property lands in the middle of a court case in Florida, there's a good chance the phone will soon be ringing in global real estate advisory firm Avison Young's Miami office.
Private equity firm TPG Capital is seeking the dismissal of a lawsuit that aims to claw back billions of dollars reaped in an allegedly unfair deal with Endo International PLC before the drugmaker went bankrupt.
Childhood sex abuse claimants are suing the bankrupt Archdiocese of Baltimore in a bid to stop the Catholic organization from using a charitable immunity defense to avoid paying claims that aren't covered by t... (more story)
Following more than a decade at Morgan Lewis & Bockius LLP, the firm's former bankruptcy, restructuring and insolvency co-head has joined Moore & Van Allen PLLC as a member.
Mid Cap More
Bankrupt youth mental health provider St. Christopher's Inc. is asking a New York bankruptcy court to approve the private sale of a 22.1 acre property for up a $9 million.
A former bankruptcy judge and five law professors have asked the U.S. Supreme Court to review a Ninth Circuit opinion protecting the state of Montana from a real estate mogul and Montana ski resort founder's b... (more story)
An Indiana plastic recycling plant can move forward with an auction next month after a Delaware bankruptcy judge said that a quick timeline was appropriate.
Customer loyalty platform Kognitiv US LLC filed for Chapter 11 on Wednesday in Delaware bankruptcy court, citing more than $10 million in liabilities with a plan to sell its assets to another loyalty platform.
The Office of the U.S. Trustee appointed the unsecured creditors committee in high-protein soybean developer Benson Hill Inc.'s Chapter 11 case, composing a three-member group of American Natural Processors In... (more story)
Bankrupt restaurant chain Hooters of America LLC can access $5 million in interim financing from a $40 million debtor-in-possession package from its prepetition lenders as it transitions to a franchise-only mo... (more story)
Sustainability-focused financial services provider Aspiration Partners Inc. on Wednesday secured the Delaware bankruptcy court's interim approval to tap $2.2 million of an $18 million Chapter 11 financing faci... (more story)
California trucking group Kal Freight Inc. is looking to bump out its Chapter 11 plan effective date as it works to return trucks and trailers to lenders, its attorneys told a Texas bankruptcy judge Wednesday.
A Ninth Circuit panel expressed skepticism Wednesday about an attempt to undo Monster Beverage Corp.'s $272 million false advertising trial win against the founder of Vital Pharmaceuticals Inc., the now-defunc... (more story)
A New Jersey bankruptcy judge on Wednesday declined to throw out or convert the bankruptcy case of a restaurant and event venue business called The Chariot, after the debtor said in a recent pleading that its ... (more story)