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Republic National Gets OK For Liquidation Plan

A Texas bankruptcy judge Tuesday approved alcohol distributor Republic National Distributing's Chapter 11 liquidation plan, overruling arguments from the U.S. Trustee's Office that the plan contained nonconsen... (more story)

Judge OKs Omnicare Asset Sale, Ch. 11 Loan Changes

A Texas bankruptcy judge Tuesday authorized pharmacy services provider Omnicare LLC to tweak its asset purchase agreement and transition services agreement and approved a third amendment to its $110 million de... (more story)

Brazilian Builder Gets Ch. 15 Nod In NY For $555M Reorg

A New York bankruptcy judge Tuesday granted Chapter 15 recognition of the insolvency proceeding for construction conglomerate Andrade Gutierrez Engenharia in its home country of Brazil, clearing the way for a ... (more story)

Leslie's Wins 7-Day Cut To Ch. 11 Disclosure Notice Period

Bankrupt pool supply company Leslie's Inc. on Tuesday received approval to shorten the notice period for objecting to its Chapter 11 plan disclosure statement by seven days as the company works toward securing... (more story)

2nd Circuit Rejects Venezuela's Bid To Void $3B In Bonds

Nearly $3 billion in defaulted Venezuelan bonds should not be blocked from enforcement under the country's domestic law, the Second Circuit ruled Tuesday.

IRS Can't Block Deal Axing Creditor Probe Of SIMAD Bonds

A New Jersey bankruptcy judge Monday signed off on a $13 million settlement between unsecured creditors of former summer camp operator SIMAD Holdings and its biggest secured lender, despite the IRS' objection to the deal.

Del. Bankruptcy Court Makes All First-Day Hearings Remote

The U.S. Bankruptcy Court for the District of Delaware has announced its judges will be conducting remote hearings for all first-day motions.

NYC Archdiocese Reaches $800M Deal On Abuse Claims

The Archdiocese of New York has reached an $800 million settlement to resolve about 1,200 outstanding claims of child sexual abuse.

Papaya Gaming Must Prefund US Payments, Judge Says

Papaya Gaming Ltd. can continue paying its ordinary business expenses in the U.S., but the mobile game company must transfer funds from its Israeli bank accounts in advance to ensure creditors including Skillz... (more story)

State AGs Take Aim At 'Texas Two-Step' In Brief To Justices

Attorneys general for 20 states and the District of Columbia urged the U.S. Supreme Court to take up a challenge to the validity of "Texas Two-Step" bankruptcies, telling the high court a Fourth Circuit ruling... (more story)

Mid Cap More

Vi-Jon Gets Ok For Ch. 11 Plan Disclosures

A Delaware bankruptcy judge Tuesday gave the nod to private-label dry bath products maker Vi-Jon to solicit votes on its Chapter 11 plan, overruling insurer objections that the plan would impermissibly assign ... (more story)

Boutique Gym Operator FitLab Files Ch. 11 With $100M+ Debt

Boutique fitness studio operator and self-described "sport lifestyle" company FitLab Inc. has filed for Chapter 11 protection in Delaware with more than $100 million in liabilities.

Lucky Bucks Ch. 7 Trustee Reaches Dividend Dispute Deal

The Chapter 7 trustee of Lucky Bucks Holdings LLC reached a settlement with the company's former gaming terminal operating subsidiary to split the proceeds of ongoing litigation over $200 million in disputed d... (more story)

Mawson Creditor Says $1.5M Bond Defeats Contempt Bid

An Australian creditor that helped force cryptocurrency miner Mawson Infrastructure Group Inc. into bankruptcy has urged the U.S. Bankruptcy Court for the District of Delaware to reject the company's bid to ho... (more story)

Whiskey Co. CEO Loses Shot At Halting Ch. 11 Asset Sale

A Tennessee federal judge has denied an attempt by the chief executive of a whiskey maker to block asset sale efforts by the company's receiver pending an appeal of the court's decision to keep the receivership in place.

NC Justices Find Bankruptcy Paused Debt Collection Deadline

North Carolina's highest court has ruled that the automatic stay of a man's bankruptcy extended the deadline for a South Carolina real estate rental company to collect a debt he owed it, reversing a lower stat... (more story)

MS Amlin Denies $2.6M Liability In Grounded Ship Row

MS Amlin has denied that it owes $2.6 million to the owner of a vessel that ran aground in the Solomon Islands, saying it's not liable for legal costs linked to a $47 million arbitration award that a now-insol... (more story)

Fla. Popeyes Franchisee Seeks Ch. 11 Exit With Global Deal

A Florida bankruptcy judge said Friday he will approve a global settlement that provides a Chapter 11 exit path for Popeyes Louisiana Kitchen franchisee Sailormen Inc., a deal reached after both the franchisor... (more story)

Grid Operator Defeats American Efficient's Ch. 11 Sanction Bid

A North Carolina bankruptcy judge on Friday denied energy aggregator American Efficient's requested sanctions against PJM Interconnection, saying the power grid operator's refusal to hand over $800,000 in post... (more story)

Rural Broadband Biz Defeats Objection To $10M Ch. 11 Loan

RiverStreet Communications, a provider of broadband, wireless and telephone services in rural Virginia and North Carolina, can access $10 million of an $80 million Chapter 11 financing package, despite an obje... (more story)

Expert Analysis

Balancing Independence And Costs In Ch. 11 Investigations

A dispute in the Hughes Satellite Systems Chapter 11 case, pending in Texas bankruptcy court, raises a recurring i... (more story)

Industry On The Rocks: 5 Options For Distressed Alcohol Cos.

As the U.S. alcohol industry, long regarded as recession-resistant and reliably profitable, confronts an unprecede... (more story)

Bankruptcy Deadlines, Concessions Can Decide Lien Priority

The Fifth Circuit's recent decision in Adler v. Energy Debt Holdings warns buyers of secured claims to watch for b... (more story)