What's Happening In Bankruptcy Court This Coming Week
A Delaware bankruptcy judge will consider US Magnesium's bid for postpetition financing, Genesis Healthcare will go before a Texas judge seeking the all-clear to institute an executive bonus scheme, and another Texas judge will weigh a move to reopen satellite company Speedcast International Ltd.'s Chapter 11.
Rising Defaults, Withdrawal Requests Test Private Credit
With the hike in private credit defaults last year, the surge in private credit fund withdrawal requests in recent weeks, and the more than 50% drop in shares of some private credit firms like Blue Owl Capital, new questions are being raised about the viability of these funds.
Calif. Resort Developer SilverRock Files Ch. 11 Plan
The developer of a California resort project has proposed a new Chapter 11 plan and disclosure statement in Delaware bankruptcy court, seeking permission to solicit votes on a plan that will likely impair most secured creditors.
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Senior living facility investor and operator Inspired Healthcare Capital can access a new $40 million debtor-in-possession loan and hold a June auction for its assets after it resolved a host of objections to ... (more story)
A New York federal judge on Friday permitted Levona Holdings to closely scrutinize declarations provided by attorneys with Greenberg Traurig LLP and Reed Smith LLP as it pursues sanctions against the firms fol... (more story)
The Texas Office of the Attorney General told a New York federal court that a bankruptcy court should have sat out a case the state brought against General Motors LLC over deceptive trade practice allegations ... (more story)
A New Jersey state appeals court has refused to pause its decision disqualifying the Beasley Allen Law Firm from representing plaintiffs in multicounty litigation over Johnson & Johnson's talc-based baby powde... (more story)
The City watchdog said Friday that it has launched an enforcement investigation into Market Financial Solutions Ltd., a U.K. provider of property loans that collapsed in February with debts of more than £1 bil... (more story)
McGlinchey Stafford PLLC shut down earlier this year after more than five decades, but its strong culture left many of the more than 100 former firm attorneys wanting to stick together even after the New Orlea... (more story)
A Texas bankruptcy judge agreed Thursday to give interim approval to a $184 million debtor-in-possession loan in Fat Brands' Chapter 11 case, and also approved a connected stipulation that temporarily removes ... (more story)
The Third Circuit is looking to fill two vacancies on New Jersey's bankruptcy court, which has emerged as a popular complex Chapter 11 venue, the appeals court announced Thursday.
The Office of the U.S. Trustee and law firm Jackson Walker LLP on Wednesday resolved the bankruptcy watchdog's opposition to a series of settlements tied to a romantic relationship between a former Jackson Wal... (more story)
Patent filings in Delaware federal district court were up by roughly 30% in 2025, while the federal bankruptcy court in Wilmington saw a decrease in overall filings for the year that included a major dip in Chapter 11 cases.
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The U.S. Supreme Court will kick off its March oral arguments session by reviewing disputes over the validity of state laws allowing late-arriving mail-in ballots to be counted in federal elections and whether... (more story)
A Texas bankruptcy judge on Friday approved requests by the Chapter 11 trustee for liquor maker Stoli Group USA LLC for permission to transfer some estate claims to a different trust, overruling an objection b... (more story)
The bankruptcy estate of casual dining chain TGI Fridays can seek votes on its Chapter 11 liquidation plan, a Texas bankruptcy judge said Friday, setting up a confirmation hearing for May 1.
Echo Payment Systems Inc. has filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, seeking to liquidate its assets and wind down operations, and the company will not attemp... (more story)
The Fifth Circuit has upheld a Texas bankruptcy judge's ruling on Instant Brands' Chapter 11 plan, finding he correctly held the reorganized appliance group could retain indemnification rights from past orders... (more story)
Oroville Hospital's plan to have its CEO resign and then be rehired as a consultant raised concerns for creditors and a California bankruptcy judge Thursday, as the medical center's Chapter 11 case headed towa... (more story)
Pallet company Palltronics is urging a Michigan federal court to deny a rival firm's request for more discovery in their trade secret dispute, arguing the request is unnecessary, premature and filed in bad faith.
A California luxury real estate investment company has filed for Chapter 11 protection in California with about $155 million in debt a day ahead of a foreclosure sale of its most prominent property, rapper Kan... (more story)
Zynex Inc., a pain management medical device maker, received confirmation Thursday of its Chapter 11 plan, which reduces its debt by about $50 million and turns over the company to its creditors.
Akerman LLP has added a partner in Delaware who previously was at Saul Ewing LLP for more than 15 years to bolster its bankruptcy and reorganization practice group.