Monthly farm-related Chapter 12 filings soared in April to a more than six-year high, with more likely on the horizon, amid an overall increase in all bankruptcies as fuel prices and other costs continue to rise, according to data from Epiq AACER.
Mexico-based marine oil rig service provider Demar is seeking U.S. recognition from a Texas bankruptcy judge for its Mexican restructuring proceeding, assisted by a team from Sequor Law PA.
For small business owners across the country, getting stuck in bankruptcy for years can come down to whether an individual judge thinks a nonvoting creditor class is a mathematical absurdity or a bar to a consensual plan.