The Story Behind Vroom's Chapter 11 Case
A few years ago, used-car seller Vroom Inc. was expanding rapidly and beating sales records quarter after quarter, spurred on by customers shopping online for vehicles during the COVID-19 pandemic. Now, Vroom is in bankruptcy court as a shell of its former self, seeking to turn over what remains of its business to investors.
Meet The Attorneys Directing CareMax's Ch. 11
A team of lawyers from Sidley Austin LLP is guiding medical services company CareMax Inc. as it plans to sell its assets during its Chapter 11 case in Delaware.
Meet The New US Trustee For Northern And Eastern Texas
The incoming U.S. trustee for the Northern and Eastern Districts of Texas is known as a stalwart defender of the bankruptcy process, a trait that helped her win the dismissal of the National Rifle Association's controversial Chapter 11 case.
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The special master overseeing the sale of Citgo's parent company in a proceeding aimed at satisfying billions of dollars in Venezuelan debt has agreed to abandon his proposed sales plan after it became clear h... (more story)
The Chapter 11 trustee for three U.S.-based subsidiaries of Indian educational technology giant Byju's has urged a Delaware bankruptcy judge to sanction a handful of parties that she alleged have violated an a... (more story)
The trustee handling the Chapter 11 of exiled Chinese businessman and convicted fraudster Miles Guo asked the Connecticut bankruptcy court to let him hire four agents with residential real estate firm Compass ... (more story)
The U.S. Supreme Court will return to the bench Monday for its December arguments session, which will include blockbuster questions about the constitutionality of state laws banning gender-affirming care for t... (more story)
A Delaware bankruptcy judge said she would recognize the Bermuda insolvency proceedings of software company Afiniti Ltd. as it seeks to restructure more than $500 million in debt.
The England and Wales-based subsidiary of a Mexican industrial equipment leasing and financing group has asked a New York bankruptcy court to grant Chapter 15 recognition of insolvency proceedings it launched ... (more story)
A New York bankruptcy judge on Tuesday granted Purdue Pharma LP more time to negotiate a new settlement with certain members of the Sackler family who own the bankrupt OxyContin maker, as mediators say they ha... (more story)
A Texas bankruptcy judge on Tuesday laid ground rules for documents and communications to be shared in a messy discovery phase of the Chapter 11 of Red River Talc, Johnson & Johnson's latest liability spinoff,... (more story)
A New York bankruptcy judge on Tuesday blessed the sale of five Spirit Airlines planes to aerospace company GA Telesis as part of a larger $518.9 million deal for 23 of Spirit's Airbus jets.
The parent company that owns X, the social media platform formerly known as Twitter, told a Texas bankruptcy judge that the Chapter 7 trustee in the case of right-wing conspiracy theorist Alex Jones can't sell... (more story)
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The bankrupt developer of a housing project that was beset by landslides has settled with a construction company and a Western Pennsylvania township in exchange for finishing some of its remaining cleanup work... (more story)
A hearing on a motion to dismiss the Chapter 11 case of an entity tied to the Miss America pageant will wait until after the competition wraps up in January, a Florida bankruptcy judge ruled Wednesday, allowin... (more story)
The owners of a San Jose, California, hotel on its second trip through Chapter 11 asked a Delaware bankruptcy judge not to dismiss its California bankruptcy case it filed in early November, saying it's not an ... (more story)
Five banks holding funds for customers of fintech platforms face proposed class action claims of gross mismanagement after "significant ledger irregularities" totaling $85 million were discovered in the wake o... (more story)
A Canadian charter bus company that provides buses for Los Angeles airports is asking a California bankruptcy judge to grant U.S. recognition to its efforts to sell the company in a Canadian insolvency proceeding.
Paul Hastings LLP has called on a California court to compel the founder and former CEO of GenapSys to sit for a deposition in a legal malpractice suit alleging that the firm improperly drafted board documents... (more story)
A Texas bankruptcy judge on Tuesday agreed to approve bitcoin mining company Rhodium Encore's $55 million sale of the lease for its Temple, Texas, facility to data center company Temple Green Data LLC.
The parent company for a troubled Western Pennsylvania nursing home asked a federal court to postpone a sentencing for defrauding state and federal healthcare programs so the company can keep trying to sell th... (more story)
A Manhattan federal judge declined Tuesday to delay a January trial over whether Rudy Giuliani must turn over his Florida condo and World Series rings to fund a $148 million defamation judgment, after the form... (more story)
A Texas judge asked the Chapter 7 trustee in right-wing fabulist Alex Jones' bankruptcy to preserve the status quo until a sale hearing sometime in December that will determine whether the parent company of sa... (more story)