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News and information on bankruptcy and bankruptcy law
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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By Monika Gonzalez Mesa | April 5, 2017
In one of the deals, the firm advised two Chilean companies. In the other, it advised the Mexican government.
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By Brian Baxter | April 4, 2017
Armstrong Teasdale, Kirkland & Ellis, Munger, Tolles & Olson and Canada's Osler, Hoskin & Harcourt are advising Payless ShoeSource Inc., as the Topeka, Kansas-based shoe retailer filed for bankruptcy Tuesday in St. Louis and announced plans to shutter 400 stores.
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By Jenna Greene | April 3, 2017
Shouldn't any diocese that turned a blind eye to pedophile priests be punished monetarily? But what if that means that church goes bankrupt, with no assets left to pay the victims? Is that justice? A federal bankruptcy judge in Minnesota wrestles with the issue.
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By Rose Walker | March 16, 2017
CMS UK expected to bill more than £800,000 for advice to administrators on KWM collapse
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By Monika Gonzalez Mesa | March 1, 2017
Six large firms plan to raise billing rates in 2017 like they did last year, but rates for bankruptcy attorneys in 2016 appear to have remained about the same.
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By Rose Walker | February 22, 2017
Former partners asked to help support staff made redundant by firm's collapse
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By Rose Walker | January 26, 2017
Former partners have received a second reminder after client files were left in an unsatisfactory state
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By Rose Walker | January 26, 2017
Six firms signed non-disclosure agreements to consider bids for business, letter reveals
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