Chapter 11 plans that propose to extinguish existing equity interests because the estate does not have any value remaining after the payment ...

A recent decision from U.S. District Court Judge David Cleary for the Northern District of Illinois addresses this issue head ...

# Baha Mar’s contractor is accusing Sarkis Izmirlian of seeking to “circumvent” the Bahamian courts by using its US Chapter 11 protection as a “springboard” to pursue the winding-up of its two Nassau ...

The financial drain from these issues cuts deep into revenues and impacts the thin margins pizza restaurants already face, ...

The brand owner’s junior creditors say Willkie Farr & Gallagher can’t serve as an unbiased adviser because of its connections ...

The latest development sees Eletson’s incumbent owners appeal an order from US bankruptcy judge John Mastando in New York.

Latham & Watkins LLP said the Justice Department’s bankruptcy watchdog has “no valid basis” to oppose its retention in ...

The Worker Adjustment Retraining Notification Act (“WARN Act”), as well as certain state statutes, require employers to ...

J.C. Penney’s bankruptcy administrators argue that fees should be returned after Jackson Walker didn’t disclose the romantic ...

Nikola (NKLA) stock plunged over 24% to 75 cents in after-hours trading yesterday on news of nearing a bankruptcy filing. The ...

Arlington Heights-based Lutheran Life Communities, which operates Lutheran Home in the Northwest suburb and other retirement ...