Brazilian airline Gol Linhas on Friday announced it overshot its goal of finding buyers for all $1.9 billion in exit financing notes it will issue under its proposed Chapter 11 plan, causing it to trim back th... (more story)

The Office of the U.S. Trustee has appointed a nine-member committee of unsecured creditors in the Chapter 11 case of retail pharmacy Rite Aid, including the federal entity tasked with protecting pension plans... (more story)

Prosecutors urged a Virginia federal judge Thursday to sentence a disbarred, former senior McKinsey & Co. partner to one year in prison for obstructing an investigation into the consulting giant's work with op... (more story)

Rite Aid Corp. has entered into sale and transition agreements subject to approval from a New Jersey bankruptcy judge that would see pharmacy assets and services transition to new operators, according to an an... (more story)

Jackson Walker LLP wants out of a fee suit brought by former client J.C. Penney, arguing that the bankrupt department store's wind-down debtors entered claims as a "leverage play and a money grab" after learni... (more story)

Milbank LLP has hired Colleen Roh Sinzdak, a former assistant to the U.S. solicitor general, as a partner in the firm's Washington, D.C., office.

Troutman Pepper Locke LLP on Thursday announced it has hired Christopher J. Fernandez from K&L Gates LLP as a partner in its bankruptcy and restructuring practice group in Charlotte, North Carolina.

A New York bankruptcy judge Thursday said international shipping group Eletson Holdings can collect legal fees for its long-running fight against former board members and that he would consider new sanctions a... (more story)

Failed cryptocurrency lender Genesis Global has asked a New York bankruptcy judge to throw out investment bank Jefferies' request for an order forcing the wind-down debtor to take back money it paid Jefferies ... (more story)

Whiteford Taylor & Preston LLP has added a Montgomery McCracken Walker & Rhoads LLP bankruptcy attorney in Delaware to bolster its capacity to handle Chapter 11 and other bankruptcy proceedings.

Bankrupt Nuvo Group and an Israeli court-appointed trustee tasked with liquidating it will try to align their competing insolvency cases to end a heated tussle for control of the pregnancy technology firm, att... (more story)

The U.S. Trustee's Office objected to the proposed Chapter 11 plan of Creativemass, a wealth management app developer that is pursuing prepackaged liquidation, arguing that the plan would lock in prepetition n... (more story)

Waterford Bank NA has objected to New Jersey drugmaker Nostrum Laboratories Inc.'s plan to sell an Ohio property, saying the bank doesn't want to be left to pay for the disposal of large quantities of controll... (more story)

Citing an emergency need for a shot of cash, an insolvent Oregon whiskey distiller sought a Delaware bankruptcy judge's approval for an up-to $1.55 million Chapter 11 loan in part to assure vendors that it wil... (more story)

Toronto-based geothermal energy company STS Renewables Ltd. and affiliates have filed for Chapter 15 protection in Delaware bankruptcy court seeking recognition of a Canadian insolvency proceeding designed to ... (more story)

A Louisiana doctor claims a New Jersey law firm and one of its principals failed in their representation of him in a deal he wasn't fully informed of and which led to an involuntary bankruptcy, according to a ... (more story)

A New Jersey-based former CEO of a medical billing company has pled guilty to conspiring to commit securities fraud in connection with government claims he was part of a $212.5 million scheme to inflate the va... (more story)

A Florida bankruptcy judge on Thursday granted final approval for Silver Airways LLC's $5.5 million debtor-in-possession financing and bidding procedures for the sale of all its assets to the DIP lender, follo... (more story)

Unsecured creditors in Azzur Group's Chapter 11 case have urged a Delaware bankruptcy judge to reject the debtor's Chapter 11 plan, arguing that the proposal would "gratuitously and broadly" release potential ... (more story)

A Delaware bankruptcy judge expressed doubts Thursday about the viability of a Chapter 11 settlement proposed by Heritage Coal that would resolve a foreclosure action undertaken by secured lenders, saying that... (more story)