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.
A Colorado theme park received court approval of its Chapter 11 plan, former talc supplier Whittaker Clark & Daniels Inc. asked for the all-clear on a settlement with an insurer in its bankruptcy and a hospital in Los Angeles got interim access to postpetition financing.
U.S. Bankruptcy Judge Christopher M. Klein will preside over settlement discussions between Cle Elum, Washington, and its creditors, which are hoping the judge's experience in municipal bankruptcy can help them reach an agreement ending the city's Chapter 9 proceeding.