Saint Augustine's University in Raleigh, North Carolina, filed for Chapter 11 protection as it works to regain accreditation following declining enrollment and financial woes. Guiding it through bankruptcy is a team of attorneys at North Carolina-based business firm Waldrep Wall Babcock & Bailey PLLC.
A one-time Jackson Walker LLP sought to exit a lawsuit asserting she, a former Texas bankruptcy judge and law firms fomented "mass corruption," textile developer Lycra confirmed its restructuring plan, and a police union received approval to modify its Chapter 11 stay to appeal a state court judgment.
Saks will seek the all-clear to sell leases, cannabis products purveyor Cannabist will look for Chapter 15 recognition and solar project Tonopah Solar Energy LLC will ask for interim approval of its plan and disclosure.
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Saint Augustine's University in Raleigh, North Carolina, filed for Chapter 11 protection as it works to regain accreditation following declining enrollment and financial woes. Guiding it through bankruptcy is a team of attorneys at North Carolina-based business firm Waldrep Wall Babcock & Bailey PLLC.
A one-time Jackson Walker LLP sought to exit a lawsuit asserting she, a former Texas bankruptcy judge and law firms fomented "mass corruption," textile developer Lycra confirmed its restructuring plan, and a police union received approval to modify its Chapter 11 stay to appeal a state court judgment.
Saks will seek the all-clear to sell leases, cannabis products purveyor Cannabist will look for Chapter 15 recognition and solar project Tonopah Solar Energy LLC will ask for interim approval of its plan and disclosure.
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May 12, 2026
A bankrupt furniture retailer told a Delaware bankruptcy judge Tuesday it needed to delay its proposed sale of tariff refund rights because the potential buyer has not been able to access a government database it needs to complete its diligence efforts.
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May 12, 2026
A Delaware bankruptcy judge on Tuesday gave radio station operator Spanish Broadcasting System Inc. interim access to $7 million of its proposed $30 million postpetition financing package and set a confirmation hearing for June.
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May 12, 2026
A New York bankruptcy judge Tuesday gave the owner of a Manhattan loft permission to hand the property over to its mortgage lender and wind down its business, and congratulated the parties for concluding a contentious Chapter 11.
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May 12, 2026
A New York bankruptcy judge Tuesday ordered a two-week standstill to litigation in the Chapter 11 case of nursing home group Cold Spring Acquisition LLC to give the debtor and unsecured creditors time to negotiate a potential path forward in the proceeding, saying he would order mediation if they cannot reach a resolution.
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May 12, 2026
YesCare, the bankrupt affiliate of prison healthcare company Tehum Care Services, is facing a lawsuit seeking to transfer its case from Florida to Texas, with a wind-down officer of Tehum, who is a trustee for general unsecured creditors, alleging the affiliate is attempting to avoid its responsibilities under Tehum's confirmed Chapter 11 plan.
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May 12, 2026
Fox Rothschild LLP has expanded its litigation department in West Palm Beach, Florida, with a new partner from Nelson Mullins Riley & Scarborough LLP.
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May 12, 2026
A prison healthcare company filed for Chapter 11 in light of up to $400 million in litigation liabilities, a Mexico-based marine oil rig service company sought U.S. recognition of a foreign insolvency and a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings also filed for Chapter 15 protection.
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May 11, 2026
Radio station operator Spanish Broadcasting System Inc. filed for Chapter 11 protection Monday in Delaware bankruptcy court with a plan to hand control of the company to its noteholders and trim $240 million in debt.
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May 11, 2026
A Texas bankruptcy judge on Monday agreed to grant a stay to a Mexico-based marine oil rig service company, freezing two pending lawsuits against its U.S. assets until a Chapter 15 recognition hearing next month.
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May 11, 2026
A California federal judge Monday tossed a proposed class action accusing beauty technology firm Cutera and its executives of misleading investors about its acne treatment launch and financial results, finding the legal claims against the company were abandoned and discharged under its Chapter 11 plan.
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May 11, 2026
A New York bankruptcy judge Monday blocked a South Carolina state court evidentiary hearing in two personal injury lawsuits against Asbestos Corp. Ltd., finding the automatic stay of the company's bankruptcy case applies to the state court hearing that had been scheduled for Tuesday.
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May 11, 2026
A Delaware bankruptcy judge said Monday he will send the Chapter 11 case of student housing owner Element Student Living to California because that is where the debtor's sole asset is located, finding there are no compelling reasons to keep the case in Delaware.
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May 11, 2026
A Pennsylvania-based gun building kit retailer and a connected gun show operator have filed Chapter 7 papers in Pennsylvania, in the wake of litigation looking to hold the business on the hook for violence committed using so-called ghost guns.
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May 11, 2026
The Cannabist Co. Holdings Inc. received Chapter 15 recognition from a Delaware bankruptcy judge of its Canadian insolvency proceeding after reserving the rights of a secured creditor who had argued the proceeding would be contrary to U.S. public policy.
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May 11, 2026
The Delaware Chancery Court this past week handled a varied mix of settlement approvals, political office disputes, transaction fights, emergency injunction bids and questions over how far the court can go to preserve records for litigation outside Delaware.
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May 11, 2026
Prison healthcare company YesCare has filed for Chapter 11 protection, citing "extraordinary financial and operational burden imposed by extensive litigation" from incarcerated tort claimants.
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May 11, 2026
Insurers could face challenges in gathering data under new regulation that will require them to document how they would leave the market in an orderly way, a trade body said Monday.
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May 08, 2026
A Texas federal judge on Friday probed whether assets belonging to Infowars operator Free Speech Systems LLC are part of Alex Jones' bankruptcy estate, a finding that could block the families of victims of the Sandy Hook Elementary School shooting from pursuing the assets through state-court collection efforts.
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May 08, 2026
A New York City condominium board that's connected to a Midtown Manhattan hotel and a 57-unit condominium building told a New York federal bankruptcy court to not dismiss its Chapter 11 bankruptcy case, arguing that the board was allowed to start the proceedings and it can fix any problems with the petition.
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May 08, 2026
A Texas bankruptcy judge Friday approved $11 million in additional Chapter 11 financing for urgent care facility operator Carbon Health Technologies as talks continue between parties in the case.
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May 08, 2026
The Roman Catholic Diocese of Buffalo, New York, has asked for a bankruptcy court's permission to accept a $4.6 million offer for its headquarters, after its stalking horse bidder was outbid.
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May 08, 2026
Parker Group Inc., a Valar Ventures-backed digital banking service for online businesses, has filed for Chapter 7 in Delaware bankruptcy court with $50 million to $100 million each in assets and liabilities.
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May 08, 2026
A New Jersey federal judge closed the books on a years-long severance dispute between A360 Media LLC, Bauer Media Group USA LLC and a former executive, after entering a sealed opinion and order terminating the case.
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May 07, 2026
The bankrupt Norwich Roman Catholic Diocesan Corp. has reached a settlement with its insurer in a Connecticut state court lawsuit alleging the insurer improperly bailed on defense coverage for a sexual abuse case just days before the start of a trial.
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May 07, 2026
A New York bankruptcy judge Thursday told former talc miner Vanderbilt Minerals it can accept a $64 million bid for its mines and said she will give interim approval for $15 million in new Chapter 11 financing from the buyer.