Looking Back As Boy Scouts Asks To Close 6-Year Ch. 11
The Boy Scouts of America has asked the Delaware bankruptcy court to officially close its main insolvency proceeding with a final decree, six years to the day since the nationwide youth organization said it would seek a fast exit from Chapter 11.
Meet The Team Taking The Reins Of Hawthorne's Ch. 11
A team of Saul Ewing LLP attorneys is guiding Hawthorne Race Course Inc. through Chapter 11 in Illinois as it seeks a buyer for the Chicago-area track.
Catching Up With New Bankruptcy Case Action
The iPic movie theater chain hit Chapter 11 in Florida, a Chicago racetrack entered bankruptcy protection in the Prairie State and a real estate investment trust accused of being a Ponzi scheme began its own insolvency.
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The Third Circuit has allowed a Delaware bankruptcy judge to make Inmarsat Global Ltd. support a spectrum-rights application filed by telecommunications group Ligado Networks LLC and AST SpaceMobile Inc.
Data is an increasingly important component of the real estate business, informing operations and helping to shape expansion strategy and acquisitions. Its custodianship, legal structure, licensing agreements ... (more story)
Office Properties Income Trust, the national office space owner and leasing company, has tentatively agreed to pay $60 million to a group of secured noteholders over roughly seven months as part of a settlemen... (more story)
Emails that Ligado accidentally provided to Boeing are privileged, and it can demand their return, a Delaware bankruptcy judge ruled Wednesday, as the reorganized telecommunications group and aerospace giant g... (more story)
Bankrupt clothing retailer Eddie Bauer LLC has spiked a planned auction for its assets, saying it received zero qualified bids.
BakerHostetler, along with one of its Atlanta-based attorneys, is the latest law firm to be accused of legal malpractice related to an illegal scheme that sold health insurance-like products.
A lawyer for the special master overseeing the auction of Citgo to satisfy billions of dollars' worth of Venezuelan debt has defended his request for more than $15.3 million in fees on top of nearly $63 millio... (more story)
A third-party factor lender to embattled auto parts-maker First Brands Group wants the debtor to set aside $60.5 million in cash to ensure the lender is adequately protected, saying First Brands is relying on ... (more story)
The Roman Catholic Diocese of Buffalo must redesign ballots for its Chapter 11 plan after a New York bankruptcy judge held opt-out boxes could not be used to tally creditor consent to third party releases.
Reorganized shipping company Eletson Holdings Inc. has told a New York bankruptcy judge that arrest warrants for ex-officials of the company are an appropriate, incremental action in a months-long quest to obt... (more story)
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Groups of investors from multiple states have filed a series of lawsuits against Norada Capital Management LLC in Wyoming federal court, alleging the private equity fund defrauded them out of millions of dolla... (more story)
The founder of bankrupt apparel technology company CaaStle Inc. pled guilty Wednesday to one count of securities fraud in connection with a scheme to defraud hundreds of investors out of $300 million by using ... (more story)
Lab-grown gemstone jewelry maker Charles & Colvard Ltd. has filed for Chapter 11 bankruptcy protection in North Carolina, declaring $19.2M in assets and $10.5M in liabilities.
A New York bankruptcy judge Wednesday told mining company Vanderbilt Minerals it will have to delay its Chapter 11 sale timeline by a month to give creditors a chance to look at a proposed deal with corporate ... (more story)
A Chicago-area horse track on Wednesday reached an agreement with its lenders on emergency Chapter 11 financing until the parties return to court next week to consider interim approval of Hawthorne Race Course... (more story)
A Texas bankruptcy judge on Wednesday signed off on oil services company Nine Energy's Chapter 11 plan, allowing the debtor to trim $320 million in debt and emerge from bankruptcy just over a month after launching its case.
The official committee of unsecured creditors in the Chapter 11 case of Long Island, New York, nursing home operator Cold Spring Acquisition objected late Tuesday to the debtor's motion to retain special litig... (more story)
A Chicago-area racecourse will return Wednesday to Illinois bankruptcy court as it continues to wrangle with its senior lender over the terms of its Chapter 11 financing.
A panel of the Ninth Circuit Court of Appeals ruled Tuesday that disputed corporate authority to file a Chapter 11 petition doesn't affect a bankruptcy court's subject matter jurisdiction over the case, resolv... (more story)
The former president of a defunct Iowa telecommunications and infrastructure business has been convicted by a jury of concealing assets and making false statements in his personal bankruptcy proceeding, federa... (more story)