A group of attorneys from Willkie Farr & Gallagher LLP is representing the official committee of unsecured creditors of Latvian carrier airBaltic, as the company seeks to maintain its operations while pursuing a balance sheet restructuring by next June.
Filings for Chapter 7 protection jumped 15.7% year over year and outpaced other types of bankruptcy filings in the first half of 2026, reflecting increased financial stress in spite of an ostensibly prosperous economy, according to new data released by G2 Risk Solutions.
A New York bankruptcy judge has allowed an $18.9 million claim against Tribeca Mews over construction problems at a troubled Manhattan condominium project, raising questions about the developer's ability to reorganize under Chapter 11.