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Union Jacked, Founders Keepers, Cold Comfort, and Little Appeal

International Longshore and Warehouse Union files for bankruptcy | Reuters - The International Longshore and Warehouse Union (ILWU) has filed for a Chapter 11 bankruptcy protection to fend off long standing litigation...more

Deep Cuts, Bankruptcy Aid, Aearo-Plan, and Unfair Deal?

Mallinckrodt's opioid creditors support fast-track second bankruptcy | Reuters - Drugmaker Mallinckrodt, who previously emerged from its initial Chapter 11 in June 2022, filed for its second bankruptcy this week. The...more

MNK Double Dip, Crazy Like a Foxconn, and Up in Smoke

Below is our initial take on recent bankruptcy-related developments: This week Mallinckrodt said that they expect to file for their second bankruptcy in the coming days after coming to an agreement with its creditors to...more

Building Blocks, LTL 2.0 DOA, FTX First Try, and UST Last Chance Saloon

BlockFi’s Chapter 11 plan progresses with conditional court approval | Cointelegraph - United States Bankruptcy Court for the District of New Jersey recently conditionally approved Blockfi’s disclosure statement. If the...more

LTL Take Two, EV Manufacturer DOA, Bridal Revival, and It Was All Yellow

J&J's $8.9 billion talc settlement faces US bankruptcy test | Reuters - A U.S. bankruptcy judge has started to hear evidence and arguments on J&J subsidiary, LTL Management’s second bankruptcy filing. LTL’s bankruptcy...more

Genesis of a Lawsuit, Head in a Vice, Not the First Bank Seized, and Talcing Settlement?

Below is our initial take on recent bankruptcy-related developments: In a court filing on Wednesday, bankrupt crypto exchange FTX said that it wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis...more

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