Del Monte Foods files for bankruptcy and will search for buyer | CBSNews -
Del Monte Foods, a nearly 140-year-old staple in canned produce, has filed for Chapter 11 bankruptcy and is seeking a buyer as part of a...more
Sunnova files for bankruptcy on residential solar woes | Reuters -
On Sunday, June 12, the residential solar panel installer announced that it had filed for Chapter 11 bankruptcy, making it the second company of its kind...more
Publishers Clearing House files for bankruptcy | Law360 -
Publishers Clearing House filed for Chapter 11 bankruptcy and plans to reorganize its capital structure and improve its long-term growth trajectory....more
Spirit Airlines recently emerged from Chapter 11 bankruptcy and announced it plans to rebrand itself as a premium airline. S&K Take: The Spirit case was obviously a significant undertaking, and the plan was confirmed by Judge...more
Dolan’s MSG Networks nears bankruptcy as cord-cutting surges | Front Office Sports -
MSG Networks, the Dolan-controlled regional sports networks, face imminent bankruptcy because of $804 million in debt that is currently...more
3/10/2025
/ Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Creditors ,
Debt Restructuring ,
Debtors ,
Healthcare ,
Insurance Industry ,
Johnson & Johnson ,
Reorganizations ,
Sports
Forever 21 plans nearly 200 store closures in second bankruptcy, Bloomberg News reports | Reuters -
The U.S.-based operator of clothing retail chain Forever 21 is planning to shut down at least 200 additional locations as...more
2/24/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Class Action ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Cryptocurrency ,
Debt Restructuring ,
Johnson & Johnson ,
Liquidation ,
Settlement
Spirit Airlines rejects Frontier's bid, aims to exit bankruptcy in first quarter | Reuters -
On Wednesday, low-cost carrier Spirit Airlines denied a bid of about $2.16 billion from rival Frontier Group as it was not...more
2/3/2025
/ Acquisitions ,
Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Chapter 7 ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Debt Restructuring ,
Mergers ,
WARN Act
On December 31, 2024, the Fifth Circuit Court of Appeals overturned the Bankruptcy Court for the Southern District of Texas’ (the “Bankruptcy Court”) decision that the exchange by certain lenders of Serta Simmons Bedding, LLC...more
1/24/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Credit Agreements ,
Creditors ,
Debt Restructuring ,
Debtors ,
Lenders ,
Loans ,
Reorganizations ,
Reversal
Purdue's Sackler family offers to increase contribution in new opioid settlement, WSJ reports | Reuters -
The Sackler family, owners of Purdue Pharma, is offering to increase their contribution to the opioid lawsuit...more
1/20/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Debt Restructuring ,
Debtors ,
Liquidation ,
Mediation ,
Settlement ,
Stays
5th Circuit rejects Serta Simmons' controversial 2020 debt deal | Reuters -
The 5th U.S. Circuit Court of Appeals ruled Tuesday that mattress maker Serta Simmons did not treat its lenders equally in a controversial 2020...more
Celsius pushes back on FTX customer payback plan | Bloomberg Law -
The Celsius administrator and liquidators of Three Arrows Capital objected to FTX's Chapter 11 plan, arguing it aims to compensate people who had accounts...more
Below is our initial take on recent bankruptcy-related developments: Bankrupt cryptocurrency lender Celsius Network LLC announced this week that it has chosen the proposal from Fahrenheit to exit bankruptcy. Fahrenheit, a...more
$55B CLO/ Loan Facilities Represented several financial institutions in connection with CLOs (including middle-market CLOs), multi-currency loan facilities and warehouse transactions, as well as redemptions, re-pricings,...more
Revlon Bankruptcy Complicated by Citi’s $900 Million Error | Financial Times -
As Revlon prepares for restructuring negotiations following its bankruptcy filing last week, it faces complications with identifying its...more
6/27/2022
/ Bankruptcy Code ,
Bankruptcy Court ,
Bankruptcy Reform ,
Biden Administration ,
Chapter 11 ,
Citibank ,
Commercial Bankruptcy ,
Creditors ,
Debt Restructuring ,
Debtors ,
New Legislation ,
Retail Market ,
Revlon
Key bankruptcy issues, including the propriety of third-party releases and the so-called "Texas Two-Step," as well as determination of proper case venue, have recently drawn the attention of mainstream media, the public at...more