/bankruptcy-authority/mid-cap?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Authority Mid Cap Copyright 2025 sa¹ú¼Ê´«Ã½. en-US Wed, 25 Jun 2025 20:10:10 +0000 /bankruptcy-authority/mid-cap/articles/2357408?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2357408 Cle Elum, a city in central Washington at the foothills of the Cascade Mountains, filed for Chapter 9 municipal bankruptcy on Tuesday facing garnishment from a real estate developer to whom it owes $26 million. Wed, 25 Jun 2025 17:48:35 +0000 /bankruptcy-authority/mid-cap/articles/2357459?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2357459 The official committee of unsecured creditors for restaurant chain Hooters of America objected to a proposed break-up fee payable to a buyers' group, telling a Texas bankruptcy judge break up fees are meant to spur bidding in a way that is unnecessary in this Chapter 11 case. Wed, 25 Jun 2025 17:07:47 +0000 /bankruptcy-authority/mid-cap/articles/2357642?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2357642 Fiber optic network builder Tilson Technology has blamed its contract with a joint venture of AT&T and BlackRock for a liquidity crunch that pushed the company to launch a Chapter 11 case. Wed, 25 Jun 2025 16:28:38 +0000 /bankruptcy-authority/mid-cap/articles/2357070?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2357070 O'Melveny & Meyers LLP has launched a special credit and liability management group, announcing the move Tuesday as a reflection of "growing client demand for integrated, end-to-end support across the credit cycle, particularly as capital solutions become increasingly complex and bespoke." Wed, 25 Jun 2025 16:24:28 +0000 /bankruptcy-authority/mid-cap/articles/2357506?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2357506 Federal Reserve Chairman Jerome Powell told senators Wednesday that Congress might want to consider permitting greater dischargeability of student loans, questioning whether it is a "wise national policy" to treat such debt differently under the federal bankruptcy laws. Wed, 25 Jun 2025 15:03:28 +0000 /bankruptcy-authority/mid-cap/articles/2357363?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2357363 The opportunity to join a strong team at Klehr Harrison Harvey Branzburg LLP's Philadelphia office was music to the ears of an attorney who moved his litigation practice after 22 years with McElroy Deutsch Mulvaney & Carpenter LLP. Wed, 25 Jun 2025 13:25:23 +0000 /bankruptcy-authority/mid-cap/articles/2348925?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2348925 Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein. Wed, 25 Jun 2025 11:58:35 +0000 /bankruptcy-authority/mid-cap/articles/2356973?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356973 A former McDermott Will & Emery LLP restructuring partner has returned to Winston & Strawn LLP after more than two decades away, becoming the latest member of its transactions department in New York. Tue, 24 Jun 2025 21:07:55 +0000 /bankruptcy-authority/mid-cap/articles/2356496?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356496 A Florida federal grand jury has charged the founder of a special needs nonprofit and its accountant with multiple counts of fraud stemming from a scheme to steal $100 million from the organization, alleging they diverted money through a slush fund used to pay for personal expenses. Tue, 24 Jun 2025 18:49:55 +0000 /bankruptcy-authority/mid-cap/articles/2357016?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2357016 A New Jersey development agency pushed back against a move in bankruptcy court by the owner of a former tire factory site to collect a $25.6 million jury verdict stemming from the agency's decision to condemn the property and make way for housing. Tue, 24 Jun 2025 18:37:07 +0000 /bankruptcy-authority/mid-cap/articles/2356258?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356258 A group of current and former Maryland prison inmates asked a Texas bankruptcy judge to find the Chapter 11 plan of prison healthcare provider Tehum Care Services does not put a stop to lawsuits against the company that spun off from it prior to bankruptcy. Tue, 24 Jun 2025 18:09:33 +0000 /bankruptcy-authority/mid-cap/articles/2356834?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356834 France's second-largest telecommunications group petitioned for Chapter 15 recognition in the U.S. as it looks to restructure some $22 billion in debt in its home country. Slumping sales in the aftermath of the COVID-19 pandemic led a Vermont-based garden supplier to launch Chapter 11 proceedings to sell the business. And the operator of online job search board Monster.com hit bankruptcy with multiple purchase agreements in hand. Tue, 24 Jun 2025 18:02:16 +0000 /bankruptcy-authority/mid-cap/articles/2356326?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356326 A Texas mass tort attorney who filed for bankruptcy allegedly owing hundreds of millions of dollars to litigation funders agreed to shift his Chapter 11 case to a Chapter 7 liquidation, putting to rest the U.S. Trustee's bid to convert or dismiss his case. Tue, 24 Jun 2025 17:33:51 +0000 /bankruptcy-authority/mid-cap/articles/2356977?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356977 Attorneys representing consulting firm Berkeley Research Group told a Vermont bankruptcy judge Tuesday that the company is continuing its internal investigation and analysis of information stolen in a March cyber attack to determine if claimant data tied to a dozen Catholic diocese bankruptcy cases was included in the breach. Tue, 24 Jun 2025 16:46:56 +0000 /bankruptcy-authority/mid-cap/articles/2356432?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356432 Boeing is urging a Washington federal court to compel a defunct South African airline to turn over documents about its financial state and the effects of the COVID-19 pandemic on its business from 2019 to 2021, as the plane maker fights a suit alleging it hid the flaws of its 737 Max line. Tue, 24 Jun 2025 15:27:58 +0000 /bankruptcy-authority/mid-cap/articles/2356758?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356758 A Florida bankruptcy judge said Tuesday he will turn over management of Silver Airways' Chapter 11 to a court-appointed trustee, finding the airline's abrupt shutdown earlier this month and the handling of the sale of its remaining assets show that current management is not up to the task, but declined to dismiss the proceedings or convert the case to a Chapter 7. Tue, 24 Jun 2025 14:59:09 +0000 /bankruptcy-authority/mid-cap/articles/2356792?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356792 A Texas bankruptcy judge on Tuesday conditionally approved Stoli Group USA's disclosure statement for its Chapter 11 plan, letting the U.S. arm of vodka maker Stoli take votes on a reorganization deal after the company resolved a dispute with unsecured creditors. Tue, 24 Jun 2025 11:46:40 +0000 /bankruptcy-authority/mid-cap/articles/2356885?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356885 The company behind job search website Monster.com filed for bankruptcy Tuesday, listing over $100 million in liabilities and saying in a news release that it has three stalking horse bidders for various assets lined up. Mon, 23 Jun 2025 23:02:30 +0000 /bankruptcy-authority/mid-cap/articles/2356594?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356594 The FTX bankruptcy recovery trust on Friday objected to a $1.53 billion claim made by the now-liquidated cryptocurrency hedge fund Three Arrows Capital Ltd., saying the "illogical and baseless" claim grossly inflates the actual value of assets associated with its customers' FTX accounts, while offering zero supporting evidence. Mon, 23 Jun 2025 20:06:37 +0000 /bankruptcy-authority/mid-cap/articles/2356208?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2356208 A Delaware bankruptcy judge said Monday she will grant insolvent mining operation Heritage Coal permission ahead of a follow-up hearing to sell its assets to bidders collectively offering more than $21 million if the debtor can submit final versions of its proposed sale documents beforehand.