/bankruptcy?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Copyright 2026 sa¹ú¼Ê´«Ã½. en-US Mon, 12 Jan 2026 17:51:37 +0000 /bankruptcy/articles/2429005?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2429005 The unsecured creditors committee in the U.S. Magnesium bankruptcy has urged a Delaware bankruptcy judge to not give the company permission to sell its assets to its parent company, accusing the parent of manipulating the transaction to grab the assets while leaving other creditors behind. Mon, 12 Jan 2026 17:38:46 +0000 /bankruptcy/articles/2429094?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2429094 A group of debtors affiliated with New York City landlord Pinnacle Group named stalking horse bidder Summit Gold Inc. the winner in an asset auction opposed by the city's new mayor. Mon, 12 Jan 2026 17:02:03 +0000 /bankruptcy/articles/2427934?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2427934 With the passage of a bill fundamentally narrowing the federal definition of "hemp," there are practical and business considerations that brands, manufacturers and other parties should heed over the next year, including operational strategies, evaluating contract and counterparty risk, and tax implications, say attorneys at Foley Hoag. Mon, 12 Jan 2026 15:14:25 +0000 /bankruptcy/articles/2428128?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2428128 Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways. Mon, 12 Jan 2026 12:19:11 +0000 /bankruptcy/articles/2429091?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2429091 STG Logistics Inc. and several affiliates filed for Chapter 11 protection in New Jersey bankruptcy court Monday with up to $10 billion in liabilities and an agreement with lenders to significantly trim the company's debt load. Mon, 12 Jan 2026 10:37:59 +0000 /bankruptcy/articles/2428143?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2428143 The U.S. Supreme Court on Monday declined to hear arguments from the founder of hedge fund Highland Capital Management that the judge who presided over Highland's bankruptcy case was biased, and that two novels she has published prove it. Mon, 12 Jan 2026 10:31:47 +0000 /bankruptcy/articles/2428026?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2428026 The U.S. Supreme Court said Monday it will not hear an appeal by reorganized rental car giant Hertz Corp. of a Third Circuit decision that it owes $272 million to unsecured creditors from its 2020 bankruptcy. Mon, 12 Jan 2026 10:27:55 +0000 /bankruptcy/articles/2428147?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2428147 The U.S. Supreme Court will not hear an appeal by sexual abuse claimants in the Boy Scouts of America's bankruptcy case arguing the Third Circuit got it wrong when it said it can't undo transactions in the organization's Chapter 11 plan. Fri, 09 Jan 2026 17:52:35 +0000 /bankruptcy/articles/2428364?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2428364 The Roman Catholic Diocese of Buffalo on Friday told a New York bankruptcy judge that a U.S. Trustee's Office proposal that it be required to obtain affirmative consent for claims releases in its Chapter 11 plan would doom more than $200 million in settlements. Fri, 09 Jan 2026 17:50:43 +0000 /bankruptcy/articles/2428563?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2428563 Smart Communications, which provides phone and messaging services for inmates in prisons across the country, has filed for Chapter 11 protection in Florida bankruptcy court facing an at least $42 million judgment tied to a dispute with a family trust over ownership of the company. Fri, 09 Jan 2026 17:09:47 +0000 /bankruptcy/articles/2428411?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2428411 First Brands sued former board member Edward James and Utah-based company Onset Financial Inc. in Texas bankruptcy court Friday, alleging he operated as Onset's "secret partner" to rig contracts between First Brands and Onset that let them reap triple-digit returns and $2.9 billion in cash. Fri, 09 Jan 2026 16:59:44 +0000 /bankruptcy/articles/2428558?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2428558 A business owner has filed a lawsuit accusing five attorneys from five different small California law firms of conspiring with his ex-business partner to steal assets from a company the two had jointly owned. Fri, 09 Jan 2026 16:59:22 +0000 /bankruptcy/articles/2428491?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2428491 The owners of the reorganized equity in oil driller Sanchez Energy proposed a deal Friday in Texas bankruptcy court that will end lien-related litigation with unsecured creditors by paying $8.5 million of legal fees incurred by representatives for those creditors in the fight over rights to equity recoveries in the Chapter 11 case. Fri, 09 Jan 2026 16:38:39 +0000 /bankruptcy/articles/2427109?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2427109 Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace. Thu, 08 Jan 2026 22:14:45 +0000 /bankruptcy/articles/2428198?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2428198 Venezuela pressed the Third Circuit Thursday to overturn an order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of the country's debt, arguing that the underlying attachment orders are void and that the proceeding was marred by "obvious" conflicts of interest. Thu, 08 Jan 2026 18:42:36 +0000 /bankruptcy/articles/2427979?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2427979 A securities class action case against chipmaker Wolfspeed Inc. was transferred to North Carolina federal court Wednesday following a New York judge's order directing the movement of the consolidated investor suits over alleged misrepresentations about the company's financial projections. Thu, 08 Jan 2026 16:56:43 +0000 /bankruptcy/articles/2428134?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2428134 A Connecticut bankruptcy judge Thursday allowed a steel company to replace its counsel at Pullman & Comley LLC after failing to pay the firm more than $389,000 in fees and expenses, avoiding a possible dismissal of the Chapter 11 case. Thu, 08 Jan 2026 14:15:46 +0000 /bankruptcy/articles/2427950?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2427950 Brazilian airline Azul SA secured a New York bankruptcy judge's approval Thursday to hire investment banks to help search for alternatives to $1.2 billion in exit financing offered by its Chapter 11 lenders, about one month after the judge confirmed Azul's bankruptcy plan. Thu, 08 Jan 2026 13:51:08 +0000 /bankruptcy/articles/2427851?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2427851 A Delaware bankruptcy judge said Thursday that he will approve the Chapter 11 liquidation plan for electric vehicle technology company Ideanomics Inc. once an injunction barring future claims in the plan is narrowed in scope. Thu, 08 Jan 2026 12:50:02 +0000 /bankruptcy/articles/2427864?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2427864 The Delaware Chancery Court has refused to let either side bypass an upcoming trial in a dispute between autonomous-robotics company Seegrid Corp. and former employees over the forced repurchase of stock options, concluding that the case is too fact-intensive for summary judgment and should instead be resolved through live testimony.