Bankrupt solar power company Freedom Forever on Thursday canceled a sale hearing for its assets after its CEO's bid failed to pass muster with the creditors committee, leaving the debtor's future uncertain as ... (more story)

A group of former Yellow Corp. workers on Thursday sued the defunct trucking giant and its liquidating trustee, alleging their personal information was exposed in a data breach last year and that the debtor wa... (more story)

A Florida executive who once tried to buy England's Everton soccer club on Thursday denied new charges accusing him of engaging in a $500 million fraud on lenders, before the judge hearing his case declined to... (more story)

Bankrupt budget air carrier Spirit Airlines has announced it has secured an $88 million baseline bid for its corporate campus in Florida.

An attorney who is an expert in private investment in public equity transactions told a Florida jury hearing a malpractice case against Simpson Thacher & Bartlett LLP Thursday that companies who enter into an ... (more story)

Robert Drain, the former Southern District of New York bankruptcy judge who oversaw Purdue Pharma's Chapter 11 case, will serve as a senior adviser and head of fiduciary services at M3 Partners, the restructur... (more story)

A Delaware bankruptcy judge on Thursday approved biotechnology investor Apple Tree Life Sciences Inc.'s bid to deploy another $4 million in Chapter 11 to support its portfolio companies, after the debtor and i... (more story)

A federal grand jury is investigating the bankrupt summer camp operator SIMAD Holdings, its controlling shareholders and related entities, and the company has received a demand to produce documents as part of ... (more story)

Reorganized commodities brokerage MF Global proposed a multistep restructuring process that it says will help speed up and increase recoveries due to unsecured creditors nearly 13 years after a New York bankru... (more story)

Objecting noteholders have told a New York bankruptcy judge that the Chapter 15 cases of U.S. affiliates of Spanish auto parts maker Grupo Antolin violate U.S. bankruptcy principles and should be thrown out, w... (more story)

A Texas federal judge has ordered the appointment of a Chapter 11 trustee to clean up "weeks of chaos" in the bankruptcy case of Louis Investments, a real estate management company that borrowed a 7,000% inter... (more story)

Bankrupt prison healthcare company YesCare will have a Chapter 11 trustee take over administration of its insolvency case after a Florida judge approved a deal with the official committee of unsecured creditors Thursday.

A Delaware bankruptcy judge signed off on Omnis Pleasants LLC's package of first day motions Wednesday, rejecting calls by the West Virginia power plant's parent company to toss the Chapter 11 as a bad faith filing.

Simry Realty Corp. and members of the Haruvi family who placed it into Chapter 11 have balked at a request by another member of the family to scrap the bankruptcy, saying the case was properly authorized and f... (more story)

A New Jersey federal judge allowed cosmetics company Glamour Dolls Inc. to pursue claims against an investor who the company claims promised to barter consulting services for a stake in the business, but then ... (more story)

The U.S. Securities and Exchange Commission claimed two real estate investment trust executives raised $152 million in a fraudulent securities offering and misrepresented the company's bleak outlook in an exte... (more story)

Buchalter PC announced that a longtime bankruptcy attorney who previously served on the firm's board of directors has been named managing partner of its San Francisco office.

Baker Donelson Bearman Caldwell & Berkowitz PC has fortified its bankruptcy practice with a Houston-based shareholder who came aboard from Winstead PC.

Future Legends LLC, the owner of a sports complex in Colorado, has filed for Chapter 11 protection in California with $100 million to $500 million in liabilities following legal battles with a local government... (more story)

The Third Circuit affirmed Tuesday that hospital owner Alecto Healthcare Services' streamlined Chapter 11 and the resulting plan confirmation withstood an appeal by a creditors' group.