Pharmacy services provider Omnicare told a Texas bankruptcy judge that it has selected a $250 million offer from stalking horse bidder GenieRx Holdings LLC as the winning bid in a sale process for its assets, ... (more story)

Spirit Airlines asked a New York bankruptcy judge Monday to sign off on the wind-down of its operations, including either selling the company's remaining 28 aircraft or leaving them on the tarmac for creditors to repossess.

Spirit Airlines said Saturday that it is shutting down and will immediately start to liquidate its business after failing to secure the funding it needed to continue operating while under bankruptcy protection.

QVC told a Texas bankruptcy judge on Friday that granting shareholders' request to appoint an official equity committee in its Chapter 11 case would waste estate resources for the exclusive benefit of out-of-t... (more story)

The Archdiocese of New York and a committee representing most of the claimants alleging they were sexually abused by clergy and lay employees of the organization said they have reached terms on a settlement th... (more story)

Restaurant group Fat Brands has asked a Texas bankruptcy judge for more time to file a Chapter 11 plan as it continues to negotiate with creditors on a wind-down framework.

President Donald Trump said Friday the federal government had given Spirit Airlines a "final proposal" for a financing package that could help rescue the bankrupt budget airline amid reports that Spirit is pre... (more story)

McDermott Will & Schulte announced Friday the firm has scaled up its restructuring practice with a new partner based in New York, who has come aboard from Ropes & Gray LLP.

A Texas bankruptcy judge Friday approved Saks Global's Chapter 11 plan disclosure statement after hearing the retailer had struck a deal to split future litigation proceeds between the providers of its bankrup... (more story)

The U.S. Trustee and two groups of minority lenders filed objections to the proposed Chapter 11 plan of Del Monte Foods in New Jersey court, taking aim at the plan's release provisions and the treatment of minority claims.

A secured creditor of The Cannabist Co. Holdings Inc. has objected to the debtor's bid for Chapter 15 recognition of its Canadian insolvency proceeding, arguing that doing so would is contrary to U.S. public p... (more story)

The U.S. Trustee's Office has urged a Texas bankruptcy judge to dismiss or convert the Chapter 11 case of trucking company Balkan Express, saying the debtor has failed to file operating reports and pay required fees.

The U.S. Securities and Exchange Commission has finalized a $25.6 million disgorgement judgment against the former CEO of investment firm Vesta Advisors LLC, which a Pennsylvania federal court said had been sa... (more story)

A Texas bankruptcy judge said Friday she would approve $2.5 million in additional Chapter 11 financing for two debtors that mine and process sand for fracking from an entity that is also pursuing a $21 million... (more story)

The U.S. trustee is pushing for the nearly three-year-long Chapter 11 case of a 207-bed Texas hospital to be converted to a Chapter 7 liquidation, saying the case has dragged on without a resolution in sight w... (more story)

Food kit and meal service provider FreshRealm filed proposed bidding and sale procedures late Thursday in New Jersey bankruptcy court seeking to get approval for an asset sale transaction by mid-June.

Phelps Dunbar LLP has expanded its presence in Texas with the addition of five attorneys from Johnston Clem Gifford PLLC and an office in Uptown Dallas, the firm announced Friday.

The New York Attorney General objected to the proposed automatic stay in the Chapter 11 plan of nursing home group Cold Spring Acquisition LLC, saying it improperly purports to extend bankruptcy protections af... (more story)

Victims of the Sandy Hook Elementary School massacre have asked the Texas Supreme Court to let a court-appointed receiver lease Alex Jones' website Infowars to a company linked to satire publication The Onion,... (more story)

A creditor of three ProPhase Labs entities that provided COVID-19 testing services objected to the debtors' motion to extend the exclusive right to file a Chapter 11 reorganization plan, arguing that the debto... (more story)