Hedge fund Mars FX has filed a Chapter 11 liquidation plan in New York bankruptcy court that would transfer its assets and legal claims tied to a roughly $567 million trading platform balance it alleged was missing to a litigation trust, which would pursue recoveries and distribute the proceeds to creditors and investors.
The Senate moved to reinstall a higher debt limit for Subchapter V, food distributor Harvest Sherwood confirmed its Chapter 11 plan and TPx Communications acquired access to nearly $74 million in postpetition financing.
A group of attorneys from Kutak Rock LLP is representing Puerco Valley Fire District, Arizona's largest fire district, as it seeks to address its $3 million negative balance through Chapter 9 bankruptcy proceedings.