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News and information on bankruptcy and bankruptcy law
Delaware Business Court Insider
By Ellen Bardash | April 26, 2024
The Boy Scouts of America, which filed for Chapter 11 in the District of Delaware in February 2020 and has since had a reorganization plan confirmed, faced more abuse claims than had been brought in any bankruptcy case before. A new bill in Congress would address such cases.
4 minute read
By Amanda O'Brien | April 25, 2024
"The debtor is not a going concern, and its proposed plan will not maximize the value of the estate," U.S. Bankruptcy Judge Patricia Mayer said in an opinion.
4 minute read
By Amanda O'Brien | April 24, 2024
The firm acknowledged expected difficulties in convincing creditors to confirm its bankruptcy plan.
3 minute read
By Corinne Ball | April 24, 2024
In March, the Seventh Circuit held that the same safe harbor provisions in the Bankruptcy Code may also extend to leveraged acquisitions structured as a purchase of privately held stock.
10 minute read
Delaware Business Court Insider
By Lawrence J. Kotler | April 24, 2024
The equity owner asserted that the confirmation order that was previously entered by the court should be revoked based on the equity owner's claim that value was lost due to improper sale and marketing efforts by the debtors and its professionals both pre- and post-bankruptcy and, as such, they should have been "in the money" and entitled to a distribution under the confirmed plan.
11 minute read
By Amanda Bronstad | April 22, 2024
Friday's verdict against Johnson & Johnson, in Chicago's Cook County Circuit Court, is the first for a mesothelioma victim since two failed talc bankruptcies last year—and a groundbreaking win for Dallas-based Dean Omar Branham Shirley.
5 minute read
By Dan Roe | April 22, 2024
No Big Law firm has dominated the cash-strapped sector of retail like Kirkland & Ellis.
3 minute read
Delaware Business Court Insider
By Dan Roe | April 22, 2024
No Big Law firm has dominated the cash-strapped sector of retail like Kirkland & Ellis.
3 minute read
By Victoria Pfefferle-Gillot | April 22, 2024
The elder law and bankruptcy sections of the Delaware State Bar Association (DSBA) are scheduled to hold a live CLE on Wednesday, titled "Senior Citizens, Incompetents, and Bankruptcy."
1 minute read
By Dan Roe | April 22, 2024
As more large corporations go bust, lenders are jockeying for the position to get repaid first.
6 minute read
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MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS