The ousted CEO of an aquatic park operator made a bid to block an asset sale, real estate company Simry contended with a motion to dismiss its Chapter 11 from one of the business' controlling family members, and Burger King sued a bankrupt ex-franchisee for allegedly continuing to operate rogue locations without paying for intellectual property.
Brazilian energy company Raizen SA is preparing to seek a New York bankruptcy judge's approval of its more than $12 billion restructuring, saying in a motion this week that the Shell-supported plan will let it remain in business and preserve thousands of jobs across multiple countries.
The trust created by FTX's Chapter 11 plan has reported it further winnowed down the onetime cryptocurrency giant's debts by about $600 million during the second quarter, leaving it with less than $12 billion of liabilities to go against $6.5 billion in assets.