Searles Valley will vie for conditional approval of a plan and disclosure, a restaurant chain will seek the all-clear for its bidding procedures and a judge will contemplate Genesis Healthcare's bid for plan confirmation.
A recent federal court ruling affirming a five-year pause on litigation for the owner of a bankrupt theatrical production company is likely to lead even more small businesses to try the same kind of maneuver, experts told Law360.
Filings of large corporate bankruptcies were 22% higher than the historical average in the 12 months through June, with debtors citing a mercurial regulatory environment exacerbated by consumer uncertainty, according to a new report released Thursday.