Texas boutique firm Vartabedian Katz Hester & Haynes is serving as debtor's counsel for summer camp operator Camp Mystic LLC, which has filed for Chapter 11 protection almost a year after extreme floods killed 28 people at the camp.
A battery recycler will seek a Texas bankruptcy court's permission to sell residual assets. A bankruptcy judge in Delaware is slated to issue a bench ruling in bankrupt cryptocurrency company Terraform Labs' Chapter 11 case. And a New York bankruptcy court will consider the Sleep Number mattress maker's bidding procedures motion.
As the 10th anniversary of a law meant to restructure Puerto Rico’s more than $70 billion in government debt approaches, experts say it remains to be seen if reform efforts stick — and what the long-term economic situation for the island will be.
Yellow Corp. suffered a major loss in its bankruptcy proceedings Monday when the U.S. Supreme Court preserved a finding that it owes billions in retirement payments, but the defunct trucking company notched a ... (more story)
A New York bankruptcy judge granted Chapter 15 recognition of New Fortress Energy affiliates' English restructuring plan, and dozens of U.S. summer camps gained permission to launch a sale process. Meanwhile, ... (more story)
A vice chair of financial services holding company Hilco Global has joined Paul Weiss Rifkind Wharton & Garrison LLP to co-head the restructuring and debt capital solutions practice, the firm has announced.
King & Spalding LLP has hired another former practice leader from Proskauer Rose LLP amid its ongoing efforts to build out its fund finance capabilities, the firm announced Monday.
Information technology services provider TPx Communications filed for Chapter 11 protection in a Texas bankruptcy court with a restructuring support agreement backed by the holders of the majority of its $1.1 billion in debt.
The U.S. Supreme Court said Monday that it will not hear Highland Capital's arguments for reversing a Fifth Circuit decision narrowing the claims releases and so-called gatekeeper provision in the bankrupt Tex... (more story)
The U.S. Supreme Court on Monday rejected defunct trucking giant Yellow Corp.'s appeal of a bankruptcy court decision that it owes billions of dollars in retirement fund withdrawal liability, despite a pandemi... (more story)
The federal judiciary announced Friday it will temporarily increase the fees for electronic access to court records to pay for a potential $800 million upgrade that will modernize and strengthen court records ... (more story)
Dozens of U.S. summer camps can race toward a sale after their bankrupt owner SIMAD Holdings won approval on Friday to solicit bids by July 17, over the strenuous objection of the largest unsecured creditor in... (more story)
A former executive for the bankrupt cryptocurrency firm Celsius Network has told a New York federal court that he is entitled to directors and officers liability coverage for his costs defending a criminal cas... (more story)
A Texas bankruptcy judge on Monday gave the all-clear for battery recycler Ascend Elements to close a sale of assets in Georgia as well as rules for selling off minor remaining items.
Sysorex Government Services on Monday told a New York bankruptcy judge that it will be seeking permission to borrow up to $6 million a year after getting approval to sell all its assets, saying it still finds ... (more story)
A team of Gray Reed & McGraw LLP attorneys is guiding insurance underwriter Hallmark Financial Services through a Chapter 11 case in Texas, as it hopes to get a prepackaged plan confirmed by the end of August.
A subsidiary of Rock Creek Advisors LLC created to administer the liquidation of an asthma drug developer to pay creditors notified Delaware's chancery court that the company turned to a wind-down after clinic... (more story)
The Chapter 7 trustee for Colombian consumer lender Credivalores-Crediservicios is accusing its U.S. shareholders of transferring tens of millions of dollars in cash and loan portfolios just before and after i... (more story)
A California federal judge has paused Sorrento Therapeutics shareholders' litigation after a Texas bankruptcy court ruled they lacked standing to pursue racketeering claims over a former Jackson Walker attorne... (more story)
The Federal Deposit Insurance Corp. on Thursday floated new rules that would significantly scale back its resolution-planning requirements for large banks and slash the banking industry's annual deposit insura... (more story)
SIMAD Holdings Ltd., the bankrupt owner of 30 U.S. summer camps and other real estate, says that it has secured up to $180 million of debtor-in-possession financing from its prepetition bondholders, as it seek... (more story)
Goldman Sachs wants the U.S. Supreme Court to take another look at a Fourth Circuit ruling shutting down the bank's attempt to arbitrate disputes over alleged automatic stay violations with a pair of debtors w... (more story)
Entities tied to the former owners of liquidating coal company Heritage Coal told a Delaware bankruptcy judge it is owed a $335,000 refund for equipment it purchased out of the company's Chapter 11 case severa... (more story)
Robert Foss
With every major upstream oil and gas consolidation in recent years having resulted in minimum volume commitment d... (more story)
William Butler and Hillary Crabtree
The evolving lending landscape, particularly the private credit boom, has heightened lenders' exposure to fraud, b... (more story)
Robert Charbonneau
The reported creditor negotiations and mounting debt obligations of Florida railroad Brightline arrive at a moment... (more story)
A Lender's Guide To Fraud: Identifying Risks