With rising interest rates, corporate and personal borrower defaults are at an all-time high. The rising interest rates coupled with...
Bankruptcy News
Lordstown Motors files for bankruptcy and sues former partner Foxconn | CNN Business
Lordstown Motors, the electric vehicle manufacturer, filed for Chapter 11 in a Delaware court while pursuing legal action...
Bed Bath & Beyond lives on!(line). Overstock.com buys rights to bankrupt retailer and changes name | ABC News
Overstock.com has acquired the intellectual property assets of bankrupt retail chain Bed Bath & Beyond for $21.5 million. The...
Instant Brands, maker of Instant Pot and Pyrex, files for bankruptcy | CNN Business
Instant Brands, the creators of Instant Pot, Pyrex, and many more kitchen products, filed for Chapter 11 Bankruptcy at the beginning of...
Supreme Court Finds Bankruptcy Code Abrogates Tribal Sovereign Immunity | LexBlog
Case: Lac du Flambeau Band of Lake Superior Chippewa Indians, et al. v. Coughlin (June 15, 2023) The recent 8-1 decision, the Supreme...
SDNY Bankruptcy Court Prohibits a Court Appointed Claims Agent from Selling Direct Access to Creditor Claims Register Data to XClaim – LexBlog
Case: In re Madison Square Boys & Girls Club, Inc. bankruptcy proceeding, Case No. 22-10910-shl. A New York Bankruptcy Judge was...
Hess creditors seek dismissal of Virgin Islands bankruptcy | Reuters
Creditors of Hess subsidiary HONX claim that the company is merely using its bankruptcy filing as a way to put a pause on the company’s...
Three Arrows liquidators asks U.S. court to force crypto founders to cooperate | Reuters
Representatives for Three Arrows Capital (3AC) have asked a U.S. bankruptcy court in Manhattan to force the cryptocurrency hedge fund's...
How a bankruptcy innovation halted sick plaintiffs’ lawsuits
Attorney Greg Gordon’s new strategy for dodging expensive lawsuits called the “Texas two-step” has been receiving polarizing This...
U.S. judge rejects parts of Boy Scouts’ $2.7 billion sex abuse deal | Reuters
Boy Scouts of America filed for chapter 11 bankruptcy in February 2020 after being hit by a flood of sexual abuse lawsuits. On July 29,...
Produce delivery debts not exempted from bankruptcy discharge – 11th Circuit | Reuters
Last month a federal appeals court ruled in favor of Central Market of Florida, Inc., holding that bankrupt Florida grocery store owners...
Endo seeks to block government opioid lawsuits during its bankruptcy | Reuters
Usually, a petition for Chapter 11 bankruptcy will protect a company from being sued during the process of restructuring and completing...
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