A New York bankruptcy judge Thursday authorized personalized mattress retailer Sleep Number to pay down around $154 million of its prepetition debt as part of a Chapter 11 plan support agreement with its unsec... (more story)

The U.S. House of Representatives approved the Bankruptcy Threshold Adjustment Act of 2026 late Wednesday by a voice vote, advancing legislation that would bring back and make permanent higher debt limits for ... (more story)

Personalized mattress retailer Sleep Number Corp. will ask a New York bankruptcy judge to approve a disclosure statement for its proposed Chapter 11 liquidation plan and authorize it to solicit votes from cred... (more story)

The Roman Catholic Diocese of Oakland, its unsecured creditors committee and insurers made their final arguments to a California bankruptcy judge Wednesday, the debtor vying to cinch its proposed Chapter 11 pl... (more story)

A Manhattan federal judge on Wednesday set a new trial date for a crypto-lobbyist/attorney turned Republican congressional candidate who's accused of plotting with her husband, jailed former FTX executive Ryan... (more story)

Bankrupt government defense contractor Noble Supply & Logistics LLC reached a short-term deal with the Defense Logistics Agency on Wednesday in Delaware court that will allow for the agency to make contractual... (more story)

The U.S. Trustee's Office appointed seven members to the official committee of unsecured creditors in the Chapter 11 case of defense contractor Noble Supply & Logistics on Wednesday.

A Nielsen Co. attorney on Wednesday blasted a federal judge's order that he said dictated the terms of the company's sale of nationwide radio ratings to Cumulus Media, telling a Second Circuit panel that the n... (more story)

A New York bankruptcy judge has ordered Reed Smith LLP and financial advisers to turn over records from Eletson Holdings Inc.'s Chapter 11 case to the reorganized shipping group and its new owners, finding the... (more story)

The unsecured creditors committee in the Chapter 11 case of Barretts Minerals has accused the former talc supplier's parent of not delivering on its promises to fund the proceeding, asserting that this has lef... (more story)

A Federal Court justice has ordered the winding up of a company linked to former A-League club Western United, appointing a liquidator nominated by a creditor and the family company of its director of football... (more story)

Texas Supreme Court justices pushed a man who declared bankruptcy to spell out why his share in a limited liability company should get exempt status, asking Wednesday if any states have ruled that interest in ... (more story)

A Texas bankruptcy judge Wednesday confirmed the Chapter 11 liquidation plan of one of the debtors in the bankruptcy of real estate company Lurin LLC after it completed a sale, and conditionally approved the d... (more story)

The IRS appropriately assessed a penalty of almost $4.4 million against an Illinois man the agency said was a tax shelter organizer, the U.S. Tax Court ruled Wednesday, rejecting his claim that the assessment ... (more story)

Several insurers and major retailers objected to the Chapter 11 plan proposed by private-label dry bath products maker Vi-Jon, arguing that it would impermissibly assign away insurance rights and leaves retail... (more story)

A New York bankruptcy judge has granted permission to the owner of a century-old mansion that operates as a hotel and event venue on Long Island to hold an auction for the property in late October and seek the... (more story)

Ashurst Perkins Coie pocketed millions of dollars in legal fees by providing services to clients it knew were operating a Ponzi scheme that ultimately swindled investors out of nearly $230 million, plaintiffs ... (more story)

Soda ash mining business Searles Valley Minerals received court approval Tuesday for a going-concern sale of its assets in Delaware bankruptcy court, following more than a week of negotiations with stakeholders.

A D.C. federal judge rejected the Kennedy Center's latest effort to put President Donald Trump's name on the building's facade Tuesday, saying yet again that the performing arts center's board can't memorializ... (more story)

Before it can make final distributions to unsecured creditors and close up shop, the trustee liquidating the bankruptcy estate of New York & Co.'s former corporate parent has to collect more than $5 million of... (more story)