Mid Cap

  • February 20, 2026

    McGlinchey Stafford Files Ch. 7 With Over $10M In Liabilities

    New Orleans-based firm McGlinchey Stafford PLLC, which announced last month that it's winding down operations after more than half a century, filed for Chapter 7 bankruptcy with more than $10 million in liabilities owed to former staff and attorneys, workplace vendors, financial institutions and other creditors.

  • February 20, 2026

    Clearside Bio Wants Block On $100M Bid That 'Froze' Auction

    Clearside Biomedical has urged a Delaware bankruptcy judge to block a KKR & Co.-owned firm from credit bidding some $100 million in allegedly secured debt in its Chapter 11 auction, saying the last-minute offer amounted to an "ambush" that "froze" competition.

  • February 20, 2026

    PrimaLend Confirms Ch. 11 Plan Folding In Asset Sales

    Auto lender PrimaLend Capital can head toward a Chapter 11 exit after a Texas bankruptcy judge on Friday approved a plan incorporating two credit bid sales of its loan portfolios and establishing a liquidating trust.

  • February 20, 2026

    What's Happening In Bankruptcy Court This Coming Week

    Bankruptcy courts are set to tackle issues ranging from whether Saks Global's Chapter 11 precludes a landlord from reclaiming properties, MMA Law's plan to sell tort claim interests to another law firm, and Tilson Technology Management Inc.'s request to conclude its Chapter 11 case.

  • February 20, 2026

    Norcold Ch. 11 Plan Approved After Trustee Change

    A Delaware bankruptcy judge signed an order confirming the Chapter 11 plan of recreational vehicle refrigerator maker Norcold LLC Friday after the company filed update plan documents reflecting a change to the liquidating trustee.

  • February 20, 2026

    The Rise Of 'Good' Forum Shopping In Global Bankruptcy

    Companies with oppressive levels of debt are increasingly skipping Chapter 11 and restructuring overseas to obtain relief unavailable under U.S. bankruptcy law, using what some foreign courts and experts have called "good forum shopping" to select a preferred venue while keeping their operating business safe at home.

  • February 20, 2026

    Beasley Allen Can't Pause NJ Talc DQ Order, Judge Rules

    The Beasley Allen Law Firm can't delay an order disqualifying it from representing hundreds of women who claim their ovarian cancer was caused by Johnson & Johnson's talcum powder while it seeks review from the New Jersey Supreme Court, a state judge ruled on Friday.

  • February 20, 2026

    Aleon Approved For Ch. 11 Plan Vote Solicitation

    Bankrupt recycler Aleon Metals LLC received conditional approval of its Chapter 11 plan disclosure statement Friday in a Texas court, clearing the way for the company to solicit creditor votes on the joint proposal of the debtor and its official committee of unsecured creditors.

  • February 20, 2026

    Pryor Cashman Appoints Bankruptcy Chair To Exec Committee

    Pryor Cashman LLP announced that an experienced attorney who has served in leadership roles in his nearly 20 years with the firm has been elected to a three-year term as a member of its executive committee.

  • February 20, 2026

    Simpson Thacher Plans Dallas Launch, Adds Capital Practice

    Simpson Thacher & Bartlett LLP is planning to plant a second flag in the Lone Star State with a shop in Dallas after launching a capital structure solutions practice with a New York-based partner who came aboard from Kirkland & Ellis LLP at the helm.

  • February 20, 2026

    Village Roadshow Gets OK For Vote On Liquidation Plan

    A Delaware bankruptcy judge Friday gave Village Roadshow, the film producer behind "The Matrix" and "Ocean's Eleven," permission to send its Chapter 11 liquidation plan out for a creditor vote, overriding objections from the U.S. Trustee's Office to the plan's third-party releases.

  • February 19, 2026

    How The Camden Diocese Reached A $180M Abuse Deal

    In agreeing to pay $180 million to a trust for clergy sexual abuse survivors, the Roman Catholic Diocese of Camden, New Jersey, and its insurers took a big step toward ending a longtime dispute that put bankruptcy proceedings at the center of victim compensation.

  • February 19, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    Two former executives at Mobileum Inc., which went through bankruptcy in 2024, were charged by federal prosecutors with fraud tied to the company's $915 million sale about two years before. Meanwhile, a group of noteholders raised concerns about telecom company Oi SA's sale plans in Brazil, and PosiGen was hit with objections to its Chapter 11 plan ahead of a confirmation hearing next week.

  • February 19, 2026

    Flavored Air Co. Seeks Ch. 15 Nod In Nevada After Settlement

    A Canadian flavored air device company is asking a Nevada bankruptcy judge to recognize the Canadian insolvency proceedings it began earlier this month after falling behind in payments from the settlement of a U.S. trademark infringement suit.

  • February 19, 2026

    Norcold Ch. 11 Plan Approved, But Trustee Pick Causes Delay

    A Delaware bankruptcy judge signaled his intent to confirm the proposed liquidating plan of recreational vehicle refrigerator distributor Norcold LLC on Friday, but raised concerns with the choice of liquidating trustee under that plan that led him to delay signing a confirmation order.

  • February 19, 2026

    Rent-To-Own Retailer Buddy Mac Gets OK For Ch. 11 Sales

    A Texas bankruptcy judge Thursday said she would sign off on rent-to-own retailer Buddy Mac Holdings' two Chapter 11 sales, bringing in $1.1 million in cash and a credit bid from its secured lender.

  • February 19, 2026

    Warren Seeks Treasury, Fed Pledge Of No Bitcoin Bailout

    Sen. Elizabeth Warren, D-Mass., is asking the U.S. Treasury and Federal Reserve to provide a written pledge not to bail out cryptocurrency markets in the face of sliding bitcoin prices, saying such a move would disproportionately benefit billionaires.

  • February 19, 2026

    Pashman Stein Adds Ballard Spahr Bankruptcy Duo In Philly

    Pashman Stein Walder Hayden PC announced this week two new Philadelphia-based attorneys on its bankruptcy team who came aboard from Ballard Spahr LLP, pushing the group up to 17 members.

  • February 19, 2026

    Woman Asks Justices For Relief From Tax Preparer's Fraud

    A woman facing more than $300,000 in tax bills because her return preparer committed fraud on her filings decades ago asked the U.S. Supreme Court to overturn the Third Circuit's finding that she is responsible, saying it unfairly allows the IRS to bypass the statute of limitations.

  • February 19, 2026

    McElroy Deutsch Adds Ex-Del. DOJ Atty To Bankruptcy Group

    McElroy Deutsch Mulvaney & Carpenter LLP has added a former Delaware Department of Justice attorney to its Wilmington office to bolster its capacity to handle business bankruptcy and insolvency matters.

  • February 18, 2026

    Bang Energy's Founder Denied Stay Of Adversary Suit

    A Florida bankruptcy judge denied a bid to halt an adversary lawsuit alleging that misconduct from the founder of Bang Energy drinks left his company insolvent, saying on Wednesday that no irreparable harm was shown without a stay and that a request for a stay is overly broad. 

  • February 18, 2026

    CarePoint Says Cigna Underpaid Hospitals By $115M

    The litigation trust established by the bankrupt operator of three New Jersey hospitals on Wednesday filed a suit against Cigna in Delaware bankruptcy court, accusing the health insurer of underpaying the hospitals by nearly $115 million.

  • February 18, 2026

    Catching Up With New Bankruptcy Case Action

    A Colorado theme park that is facing a wrongful death judgment, a Florida-based flight simulator company and a Pennsylvania cookie shop chain were among the latest new debtors to seek Chapter 11 relief.

  • February 18, 2026

    State Law Matters More For Bankruptcy Tolling, NC Justices Told

    A real estate rental agency told North Carolina's high court Wednesday that it didn't miss its chance to collect a $507,000 debt because a decade-long statute of limitations period for judgment renewal was tolled by the debtor's bankruptcy.

  • February 18, 2026

    Buddy Mac Cancels Auction After Two Bids Received

    Rent-to-own furniture and appliance retailer Buddy Mac Holdings said it had received two offers for its assets, but that its stalking horse bidder decided not to bid on the assets being sought by new bidder SKC Enterprises, making an auction unnecessary.

Expert Analysis

  • Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal

    Author Photo

    A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio.

  • Litigation Inspiration: Reframing Document Review

    Author Photo

    For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.

  • The Challenges Of Abandoned Retirement Plans In Ch. 7

    Author Photo

    The Department of Labor's rule for unwinding retirement accounts when plan sponsors file for Chapter 7 bankruptcy was intended to alleviate trustees' administration issues, but practical challenges, like unresolved fee and identification matters, could hinder its implementation, say David Goodrich at Golden Goodrich and Nancy Simons at Stretto.

  • Circus Arts Make Me A Better Lawyer

    Author Photo

    Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson.

  • When Investigating An Adversary, Be Wary Of Forged Records

    Author Photo

    Warnings against the use of investigators who tout their ability to find an adversary’s private documents generally emphasize the risk of illegal activity and attorney discipline, but a string of recent cases shows an additional danger — investigators might be fabricating records altogether, says Brian Asher at Asher Research.

  • 3 Ways To Train Junior Lawyers In 30 Minutes Or Less

    Author Photo

    Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.

  • The Bar Needs More Clarity On The Discovery Objection Rule

    Author Photo

    Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.

  • So You Want To Move Your Law Practice To Canada, Eh?

    Author Photo

    Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.

  • A Strategic Checklist For Bankruptcy Motion Objections

    Excerpt from Practical Guidance
    Author Photo

    Hewing to a set of best practices for objecting to a motion in bankruptcy cases can help creditors’ counsel stay on track as they juggle deadlines and jurisdictions, determine whether filing will help or harm the client, and negotiate with the debtor.

  • The 3rd-Party Bankruptcy Release Landscape After Purdue

    Author Photo

    In its Purdue Pharma ruling prohibiting nonconsensual third-party releases, the U.S. Supreme Court did not comment on criteria to render a third-party release consensual, opening a debate in the bankruptcy courts on the permissibility of opt-out versus opt-in releases, say attorneys at Morgan Lewis.

  • Striking A Balance Between AI Use And Attorney Well-Being

    Author Photo

    As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.

  • Being An Artist Makes Me A Better Lawyer

    Author Photo

    My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.

  • Bankruptcy Decision Exemplifies Venue Issue For Franchisees

    Author Photo

    A California bankruptcy court's decision earlier this month in Pinnacle Foods and a lingering circuit split on assumption of executory franchise contracts highlights the issue of whether franchisee debtors can qualify for case venue in friendlier circuits, says David Gamble at Parkins Rubio.

Can't find the article you're looking for? Click here to search the Bankruptcy Authority Mid Cap archive.