Steel tube maker Tubos Reunidos has asked a Texas bankruptcy judge to recognize its Spanish insolvency case as it eyes a potential sale that would include U.S.-based assets. Guiding it through Chapter 15 are a team of BakerHostetler bankruptcy lawyers.
Unsecured creditors in Dish Network's Chapter 11 case have challenged the company's restructuring plans for six Dish Wireless debtors, while the Madoff estate reached a $25 million settlement with Banco Itaú and Steward Health's litigation trust settled with former owner Cerberus Capital Management.
The U.S. Senate this week passed a bill to restore, permanently, a Subchapter V debt eligibility threshold raised during the pandemic, which bankruptcy practitioners say would open up the streamlined Chapter 11 process to more small and medium-sized businesses at an economically critical time.