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News and information on bankruptcy and bankruptcy law
By Brian Baxter | May 4, 2017
In a move that could dwarf the massive municipal bankruptcy of Detroit, Puerto Rico indicated Wednesday that it would begin a bankruptcy-type process to restructure $70 billion in debt. Proskauer Rose, Quinn Emanuel, Kirkland & Ellis, Dentons and Cleary Gottlieb have been involved in the island's mounting debt crisis in recent years.
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By Rose Walker | May 3, 2017
Around 100 partners contacted in fundraising effort for out-of-pocket former staff
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By Samantha Joseph | May 3, 2017
Two South Florida law firms face allegations of professional negligence in their representation of a property association.
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By Samantha Joseph | May 1, 2017
It was up to a state appellate court to determine who'd won attorneys' fees in a contentious Miami condo association fight that cycled through three judges and multiple receivers.
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By Monika Gonzalez Mesa | April 25, 2017
Greenberg Traurig represented a Hard Rock International led joint-venture in the purchase of the former Trump Taj Mahal.
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By Brian Baxter | April 14, 2017
The bankruptcy filings this week of global IT consultancy Ciber Inc. and a pair of medical device makers have left several big firms holding the bag. Ciber owes thousands in unpaid legal fees to Polinselli, while Duane Morris, Simpson Thacher & Bartlett and two California firms are listed as unsecured creditors another Chapter 11 case.
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By James Booth | April 11, 2017
City partner Mark Knight leaves for in-house role at banking turnaround business
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By P.J. D'Annunzio | April 11, 2017
The Third Circuit ruled a landlord attempted to physically "intimidate" former tenants in an attempt to collect a debt once they filed for bankruptcy.
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By Cogan Schneier | April 7, 2017
The U.S. Judicial Conference is asking Congress to add four new positions and make another 14 temporary positions permanent to deal with case volumes in select districts.
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By Brian Baxter | April 7, 2017
Weil, Gotshal & Manges, no stranger to big bankruptcy fees, has disclosed how much it was paid by Westinghouse Electric prior to the nuclear energy company's recent Chapter 11 filing. The Trump administration and Japanese government are seeking to avert a sale of Westinghouse—owned by Toshiba Corp.—to Chinese buyers.
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