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.
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.
Holding companies in the corporate structure of privately owned high-speed rail system Brightline Florida are funding their Chapter 11 debt restructuring with what experts say is an unusual, but elegant, debtor-in-possession facility that could streamline the cases.
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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.
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.
Holding companies in the corporate structure of privately owned high-speed rail system Brightline Florida are funding their Chapter 11 debt restructuring with what experts say is an unusual, but elegant, debtor-in-possession facility that could streamline the cases.
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October 09, 2026
The U.S. Trustee's Office asked a California bankruptcy judge to reject the Archdiocese of San Francisco's Chapter 11 plan disclosure unless it explains why sexual abuse claimants must waive their claims to benefit from the plan.
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October 09, 2026
The U.S. Trustee's Office has urged a New York bankruptcy judge to reject what it described as a bid by the Diocese of Buffalo to shield insurance carriers from third-party legal claims through a $177 million settlement, a deal underpinning the debtor's plan to compensate sexual abuse survivors by creating a roughly $327 million trust.
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October 09, 2026
An organization of Franciscan Friars in California has asked a bankruptcy judge to approve a $25.7 million settlement with its insurance carriers that the debtor said will help fund a trust with a total value of $45 million to compensate victims of sexual abuse.
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October 09, 2026
The past week in London has seen PrivatBank sue its former oligarch owner, building materials' provider Kingspan face a €100 million ($112 million) claim over Grenfell Tower cladding, and energy giants VaroPreem and Viaro Energy become embroiled in an intellectual property row.
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October 08, 2026
More than 120 mostly Democratic lawmakers raised concerns Thursday about the proposed $10 million sale of Spirit Airlines' internal data to Google for artificial intelligence training, saying the sale would involve an "extraordinary volume" of internal records containing individuals' sensitive information.
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October 08, 2026
Hughes Satellite locked horns with its noteholders in Texas bankruptcy court Thursday, urging a judge to strike a motion with an attached Chapter 11 plan term sheet that the telecommunications group argued violated its rights in its case.
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October 08, 2026
A Delaware bankruptcy judge Thursday agreed to expedite a hearing on a summary judgment motion in bankrupt government contractor Noble Supply & Logistics' Chapter 11 adversary lawsuit against the Defense Logistics Agency, setting the hearing for Oct. 28.
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October 08, 2026
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.
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October 08, 2026
A Texas bankruptcy judge Thursday approved the sale of Genesis Healthcare's 175 care facilities after being told that the debtor had reached an amended deal with the buyer that will add $15 million in cash to the $1 billion Genesis was already slated to receive.
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October 08, 2026
The U.S. Trustee's Office has called on a New York bankruptcy judge to curb third-party releases and exculpations in personalized mattress retailer Sleep Number's Chapter 11 plan, saying creditors need more information and taking issue with proposed voting procedures.
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October 08, 2026
The entity that manages self-help book publisher Chicken Soup for the Soul Holdings LLC should be ordered to pay $25 million after a sale of most of an affiliate's assets never materialized, according to an investor seeking to recover some of its alleged $50 million in losses.
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October 07, 2026
Military contractor Noble Supply & Logistics has brought a Chapter 11 adversary case against the Defense Logistics Agency in Delaware bankruptcy court, demanding payment of nearly $19 million for equipment that the company says it delivered.
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October 07, 2026
Revlon told a New York bankruptcy court that one of its insurers has reneged on a deal incorporated into the reorganized cosmetics company's Chapter 11 plan, saying the carrier is refusing to pay defense costs for thousands of bodily injury claims over the company's hair straightening products.
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October 07, 2026
Bankrupt professional golf league LIV Golf said it would allow tour member Sergio Garcia to terminate his player participation contract with the debtor Wednesday rather than have it subject to rejection, telling a New Jersey court that it would review the deals of other golfers seeking the same relief.
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October 07, 2026
The trust responsible for liquidating assets of the Silicon Valley Bank, which went into receivership in 2023, owes none of $41 million in assessed tax deficiencies and is due a $21.7 million refund, the IRS and the trust agreed.
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October 07, 2026
WilmerHale announced Wednesday that it has appointed a former Latham & Watkins LLP partner to chair the firm's transactional bankruptcy and financial restructuring practice.
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October 07, 2026
Polsinelli PC has two new leaders for its restructuring and strategic capital practice, the firm announced Wednesday.
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October 06, 2026
The founder of defunct "anti-woke" fintech group GloriFi has asked to intervene in a Chapter 7 malpractice lawsuit against Winston Taylor's predecessor firm, saying the Texas lawsuit is centered on him.
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October 06, 2026
Unsecured creditors of bankrupt telecommunications company Hughes Satellite Systems Corp. are joining with its noteholders to advance a competing plan in the debtor's contested Chapter 11 case.
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October 06, 2026
LIV Golf is asking a New Jersey bankruptcy judge to approve a restructuring support agreement it reached with private equity firm BC Partners, which would provide a $300 million investment in the league as it exits Chapter 11.
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October 06, 2026
A pool supplier hit Chapter 11 with a $685 million debt-for-equity swap plan, Brazilian construction conglomerate Andrade Gutierrez Engenharia asked for Chapter 15 recognition, and a spa in the Catskills sought bankruptcy protection.
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October 06, 2026
Miss America CEO Robin Fleming is asking a Florida federal court to require Carlton Fields to provide more specific information about a charging lien the firm has asserted over unpaid legal fees in litigation over the ownership of the Miss America competition.
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October 05, 2026
Spirit Airlines and Google have taken "consequential steps" to protect the privacy of millions of consumers whose data is being sold as part of the airline's bankruptcy, a consumer privacy ombudsman said in a report lodged in New York federal bankruptcy court Monday.
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October 05, 2026
The U.S. Trustee's Office told a Texas federal judge that its settlement with Jackson Walker LLP to disgorge fees from cases touched by scandal is on ice while a bankruptcy judge examines the watchdog's standing to seek such relief.
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October 05, 2026
The Roman Catholic Diocese of Oakland, California, has failed to get a $180 million Chapter 11 plan confirmed, with a bankruptcy judge saying the religious organization failed to show that sexual abuse survivors would be better off under its proposal than in a liquidation.