Shareholders, Lenders, Debtors

Mayday, Mav’s in Trouble and Missing Linq

Seward & Kissel LLP on 7/21/2025

Maverick Gaming, which owns 5 Nevada casinos, files for bankruptcy | The Nevada Independent - The Washington-based casino and card-room operator filed for Chapter 11 bankruptcy in the Southern District of Texas on Monday....more

Debtor Corp’s S Election: “Property” in Bankruptcy?

Rivkin Radler LLP on 10/23/2023

Uncertain Future- The Congressional Budget Office (“CBO”) recently released some data for the federal government’s 2023 fiscal year. According to the CBO, the federal budget deficit for the year was $1.7 trillion, or...more

Pocket Full of Crypto-Volatility: Stakeholders in Bankrupt Crypto Firms Must be Flexible, Agile & Educated

ArentFox Schiff on 3/23/2023

Valuation is a key element in bankruptcies. Generally, a higher valuation of a bankrupt firm means larger creditor recoveries, and a higher valuation of pre-petition collateral means a smaller “adequate protection” package...more

Bankruptcy Blockers in Governance Documents May Not Prevent Real Estate or Other Bankruptcies

Pillsbury Winthrop Shaw Pittman LLP on 5/8/2020

In a recent Delaware ruling, Judge Mary F. Walrath declines to follow the Fifth Circuit and holds that “a minority shareholder has [no] more right to block a bankruptcy… than a creditor does.” Real estate and other lenders...more

Congress Opens Streamlined Reorganization Process to More Debtors

Perkins Coie on 4/13/2020

An important improvement aimed at ensuring a faster, less expensive, and more tailored approach to reorganizations involving smaller businesses was embedded in the recent $2 trillion recovery package known as the Coronavirus...more

Focus on Health Care Provider Bankruptcies

Jones Day on 10/3/2017

The next few years are expected to see a significant increase in the volume of bankruptcy cases filed by health care providers. Thus far in 2017, the number of bankruptcies in health care-related sectors, including hospitals,...more