/bankruptcy?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Copyright 2025 À¶Ý®ÊÓƵ. en-US Tue, 19 Aug 2025 22:30:09 +0000 /bankruptcy/articles/2378891?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378891 A magistrate in the Delaware Chancery Court has entered an order for contempt and sanctions, as well as a receivership, against private equity firm 777 Partners in its former chief financial officer's suit seeking advancement of legal fees in connection with a fraud investigation and multiple lawsuits related to the company's business. Tue, 19 Aug 2025 19:22:04 +0000 /bankruptcy/articles/2378861?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378861 A Los Angeles judge Tuesday denied a family's motion seeking judgment on declaratory relief claims in a $1.8 million malpractice lawsuit against a firm that represented it in recovering millions lost in Girardi Keese's embezzlement scandal, saying disputed facts remain in the "unusual" case. Tue, 19 Aug 2025 19:01:23 +0000 /bankruptcy/articles/2378564?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378564 A Texas bankruptcy judge on Tuesday conditionally confirmed the Chapter 11 plan of hydrocarbon driller Scanrock Oil & Gas, after the debtor resolved objections from parties including an ad hoc group, certain creditors and the U.S. Small Business Administration. Tue, 19 Aug 2025 18:47:18 +0000 /bankruptcy/articles/2378803?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378803 Hospital operator Prospect Medical Holdings Inc. has asked to assume a $435 million pre-bankruptcy agreement to sell its three Connecticut hospitals to Yale New Haven Health Services Corp., arguing it contains the "highest possible recovery" for its creditors. Tue, 19 Aug 2025 16:55:10 +0000 /bankruptcy/articles/2378578?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378578 A Texas bankruptcy judge on Tuesday suggested he would approve more postpetition financing for a bankrupt broadcaster co-founded by Dr. Phil once an agreed upon order was before him, while also denying Sidley Austin's bid to stop representing the debtor and refusing to dismiss the case. Tue, 19 Aug 2025 15:23:56 +0000 /bankruptcy/articles/2376835?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2376835 Residential mortgage lenders and servicers should prepare for significant amendments to Bankruptcy Rule 3002.1 taking effect this December that will impose new filing requirements, codify how creditors handle untimely payment change notices and allow debtors to request status updates, say attorneys at Bradley Arant. Tue, 19 Aug 2025 15:14:37 +0000 /bankruptcy/articles/2378800?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378800 A Texas bankruptcy judge Tuesday declined to undo a $118 million sale of almost all the assets of solar panel business Sunnova Energy International Inc., rejecting a St. Louis-area bank's argument that the debtor failed to disclose that nondebtor assets would be part of the transaction. Tue, 19 Aug 2025 14:38:42 +0000 /bankruptcy/articles/2376960?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2376960 After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School. Tue, 19 Aug 2025 13:15:15 +0000 /bankruptcy/articles/2378600?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378600 Linqto and its unsecured creditors committee told a Texas bankruptcy judge Tuesday that they have come to an agreement to give customers the chance for in-kind payment in the investment platform's Chapter 11 plan. Tue, 19 Aug 2025 10:59:15 +0000 /bankruptcy/articles/2376188?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2376188 Recent antitrust developments from red state attorneys general continue a trend of environmental, social and governance scrutiny, and businesses exposed to these areas should conduct close examinations of strategy and potential material risk, say attorneys at Morgan Lewis. Mon, 18 Aug 2025 20:01:21 +0000 /bankruptcy/articles/2378397?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378397 Executives and board members of Cencora Corp. tentatively settled a stockholder derivative suit for $111.25 million, VectoIQ board members reached a $6.3 million deal on stockholder claims over electric carmaker Nikola's prospects, and class attorneys who secured a $50 million derivative suit settlement saw their proposed 25% attorney fee cut by almost half. Here's the latest from the Delaware Chancery Court. Mon, 18 Aug 2025 18:03:23 +0000 /bankruptcy/articles/2378255?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378255 A New York federal bankruptcy judge expressed concerns about a Brazilian telecommunications company's novel plans to undo Chapter 15 recognition of a restructuring proceeding in its home country so it can file for Chapter 11 protection in the U.S. Mon, 18 Aug 2025 17:13:46 +0000 /bankruptcy/articles/2378395?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378395 An Internal Revenue Service settlement officer didn't abuse her discretion by sustaining a tax levy against a Texas couple's abandoned assets, because the couple failed to file the correct paperwork, the U.S. Tax Court ruled Monday.  Mon, 18 Aug 2025 16:24:56 +0000 /bankruptcy/articles/2378256?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378256 The IRS can go after a woman's unpaid taxes more than 20 years later because her return preparer committed fraud on her filings, even though the woman did not mean to evade taxes, the Third Circuit ruled Monday. Mon, 18 Aug 2025 16:14:06 +0000 /bankruptcy/articles/2378115?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378115 A Georgia federal judge has denied Burr & Forman LLP's bid to escape a lawsuit accusing the firm of being party to a massive healthcare fraud scheme, ruling that it must largely face malpractice and breach of fiduciary claims from a pair of bankruptcy trustees. Mon, 18 Aug 2025 15:43:50 +0000 /bankruptcy/articles/2378270?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378270 A Texas company that recycles chemicals used in petroleum refining has filed for Chapter 11 in Texas, blaming equipment failures and unstable prices for the metals it recovers and seeking a sale by October to deal more than $403 million in debt. Mon, 18 Aug 2025 15:04:58 +0000 /bankruptcy/articles/2375324?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2375324 A recent À¶Ý®ÊÓƵ op-ed argued that loosening law firm funding restrictions would make BigLaw firms less inclined to settle with the Trump administration, but deregulating legal financing ethics may well prove to be not merely ineffective, but counterproductive, says Laurel Kilgour at the American Economic Liberties Project. Mon, 18 Aug 2025 14:26:06 +0000 /bankruptcy/articles/2378161?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2378161 Massachusetts' highest court on Monday affirmed a three-year license suspension for a Boston bankruptcy attorney over a series of rules violations, including misrepresentations to federal and state courts, since 2014. Fri, 15 Aug 2025 23:37:26 +0000 /bankruptcy/articles/2377931?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2377931 The U.S. trustee for the Southern District of Texas on Friday objected to Jackson Walker LLP's proposed settlements with former bankruptcy clients meant to resolve fee disputes related to the concealed romance of a former lawyer with the firm and a former bankruptcy judge, arguing they should be denied or considered at trial. Fri, 15 Aug 2025 22:54:24 +0000 /bankruptcy/articles/2377919?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2377919 The Second Circuit on Friday paused a New York federal judge's order requiring Argentina to give up its 51% equity stake in the nationalized oil company YPF SA to partially pay off a $16.1 billion judgment in investor litigation, while the country appeals.