/bankruptcy?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Copyright 2025 Â鶹´«Ã½. en-US Fri, 06 Jun 2025 23:42:40 +0000 /bankruptcy/articles/2350684?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2350684 An "apparent software malfunction" caused the U.S. Supreme Court's order list to be issued early Friday, orders in which the justices granted certiorari in four cases and refused to take up a long list of other ones, including cases centered on Pennsylvania's election system and the Obama Presidential Center. Fri, 06 Jun 2025 20:35:50 +0000 /bankruptcy/articles/2350161?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2350161 Catch up on this past week's key developments by state from Â鶹´«Ã½360 Real Estate Authority — including where the hotel sector stands at the midyear, which states are trying to curb healthcare investment models and what is fueling the surge in the real estate secondaries market. Fri, 06 Jun 2025 19:52:39 +0000 /bankruptcy/articles/2350480?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2350480 The twice-bankrupt drug store chain Rite Aid is seeking to reassure landlords who filed a spate of objections in recent days that it intends to continue meeting lease obligations despite its move to close some locations. Fri, 06 Jun 2025 19:51:03 +0000 /bankruptcy/articles/2350673?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2350673 The court-appointed trustee overseeing the Chapter 11 of fintech middleware firm Synapse Financial Technologies Inc. is asking a California bankruptcy judge to convert the case to a Chapter 7 liquidation, despite some customer funds remaining unaccounted for. Fri, 06 Jun 2025 19:16:20 +0000 /bankruptcy/articles/2350418?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2350418 General Motors asked a New York bankruptcy court to enforce a 2009 Chapter 11 sale order, saying a recently amended consumer data privacy complaint from the Texas attorney general effectively includes successor liability claims it didn't inherit. Fri, 06 Jun 2025 18:42:18 +0000 /bankruptcy/articles/2350145?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2350145 Yotta Technologies Inc., a fintech company caught in the implosion of now-bankrupt middleware company Synapse Financial Technologies Inc., has renewed claims it tossed earlier against its former partner Evolve Bank & Trust, accusing the bank of "running a Ponzi scheme" in connection with its alleged loss of millions of dollars in customer funds. Fri, 06 Jun 2025 16:12:43 +0000 /bankruptcy/articles/2350532?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2350532 New Jersey-based Porzio Bromberg & Newman PC asked a Louisiana federal judge to dismiss a doctor's suit accusing the firm of driving him into bankruptcy, arguing that there's no jurisdiction that would justify continued litigation in the state. Fri, 06 Jun 2025 16:04:00 +0000 /bankruptcy/articles/2342370?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2342370 As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Â鶹´«Ã½ School. Thu, 05 Jun 2025 19:09:05 +0000 /bankruptcy/articles/2350040?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2350040 The receiver for the bankrupt city of Chester, Pennsylvania, told a state court Thursday that the city-created stormwater authority and its board of directors violated their charter and state law by expanding the board and paying the elected officials who were on it. Thu, 05 Jun 2025 17:38:47 +0000 /bankruptcy/articles/2349817?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2349817 Citing critical unknowns in Ligado Networks LLC's proposed Chapter 11 plan, Boeing Satellite Systems has asked a Delaware bankruptcy judge to order Ligado to choose whether to accept or reject a key Boeing contract, and to escrow at least $37.8 million to cure existing defaults before confirmation. Thu, 05 Jun 2025 16:57:33 +0000 /bankruptcy/articles/2349861?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2349861 Bankrupt casual dining chain Hooters of America began shuttering dozens of restaurant locations throughout the United States Wednesday as it pursues a Chapter 11 restructuring that will see its plan disclosure statement up for approval next week. Thu, 05 Jun 2025 16:52:25 +0000 /bankruptcy/articles/2349862?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2349862 Engineer.ai, the parent of an artificial intelligence-supported coding app maker, Builder.ai, has filed papers for a Chapter 7 liquidation in Delaware with more than $50 million in liabilities, following litigation regarding claims about its technology and the recent appointment of a new CEO. Thu, 05 Jun 2025 14:39:56 +0000 /bankruptcy/articles/2349569?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2349569 President Donald Trump's pick to lead the U.S. Department of Labor's employee benefits division told a Senate panel Thursday to prepare for an overhaul of the subagency if he's confirmed, vowing to change the direction of enforcement, regulation and more. Thu, 05 Jun 2025 13:56:10 +0000 /bankruptcy/articles/2328074?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2328074 After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie. Thu, 05 Jun 2025 11:51:59 +0000 /bankruptcy/articles/2349842?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2349842 The founder of the bankrupt Weiss Multi-Strategy Advisers has himself sought Chapter 11 protection in Florida after a New York judge granted a nearly $113.5 million judgment against him in favor of his firm's largest creditor. Wed, 04 Jun 2025 23:28:17 +0000 /bankruptcy/articles/2349245?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2349245 The winner of 23andMe's Chapter 11 auction and a nonprofit started by its co-founder can improve their offers to acquire the DNA testing company under procedures agreed to Wednesday in Missouri bankruptcy court, despite disruptions from a tornado warning and an attorney letting slip nonpublic details of an offer. Wed, 04 Jun 2025 21:00:06 +0000 /bankruptcy/articles/2349403?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2349403 A Delaware bankruptcy judge Wednesday questioned why firefighting foam maker Kidde-Fenwal did not include in plan disclosures details about the recoveries its creditors can expect under its Chapter 11 proposal, as the debtor prepares to send its reorganization plan out for a vote. Wed, 04 Jun 2025 20:43:09 +0000 /bankruptcy/articles/2349293?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2349293 An Illinois attorney who was sanctioned $1 million alongside his client for frivolously litigating a condominium governance fight and later helped that client engage in knowingly improper bankruptcy conduct should be suspended for a year and complete a professionalism seminar, a state disciplinary watchdog says. Wed, 04 Jun 2025 19:07:58 +0000 /bankruptcy/articles/2349330?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2349330 California's Department of Financial Protection and Innovation said Wednesday that the Consumer Financial Protection Bureau is now making good on a $4.2 million redress plan for former students of a shuttered sales-training firm, following agency delays and subsequent pressure from various states. Wed, 04 Jun 2025 18:33:35 +0000 /bankruptcy/articles/2349173?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2349173 A Pittsburgh-area business owner currently jailed for insurance and bankruptcy fraud is also accused of defrauding his former partner in a brewery and restaurant, including hiding the fact that the building the partner was renovating and living in was actually condemned, according to a lawsuit filed in state court.