/bankruptcy?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Copyright 2025 sa¹ú¼Ê´«Ã½. en-US Mon, 29 Dec 2025 12:03:28 +0000 /bankruptcy/articles/2420165?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2420165 As artificial intelligence becomes an increasingly integral part of legal practice, Law360 guest commentary this year examined evolving ethical obligations, how the plaintiffs bar is using AI to level the playing field against corporate defense teams, and the attendant risks of adoption. Tue, 23 Dec 2025 18:01:28 +0000 /bankruptcy/articles/2425194?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2425194 Two attorneys who were licensed in Connecticut were convicted in 2025 on charges that either did or could result in prison time, including a longtime real estate attorney who fatally shot a man in his law firm's parking lot. And the state's largest healthcare system said it would pay $45 million to exit an agreement to buy three ailing hospitals that were in much worse condition than previously known. Here's a look back at three of the top cases of 2025. Tue, 23 Dec 2025 17:29:29 +0000 /bankruptcy/articles/2425204?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2425204 The developers behind the former Hudson Hotel in Manhattan have asked a Delaware bankruptcy judge to recharacterize a long-term "ground lease" tied to the property as a disguised financing arrangement, arguing the structure functions economically as a high-cost loan rather than a true lease and should not receive favorable treatment under the Bankruptcy Code. Tue, 23 Dec 2025 17:20:38 +0000 /bankruptcy/articles/2425258?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2425258 A Texas bankruptcy judge approved the $18 million sale of Cajun chain Razzoo's Inc.'s assets to a subsidiary of a Dallas-based restaurant developer, which plans to keep operating 11 of Razzoo's 20 remaining locations. Tue, 23 Dec 2025 16:59:42 +0000 /bankruptcy/articles/2425189?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2425189 A New Jersey bankruptcy judge on Tuesday dismissed the Chapter 11 case of plus-size clothing retailer Ashley Stewart, saying it had been filed without proper authority by board members appointed in violation of a state court order. Tue, 23 Dec 2025 13:46:58 +0000 /bankruptcy/articles/2425170?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2425170 FlexShopper, a company offering lease-to-own services for appliances and electronics, has filed for Chapter 11 protection in the Delaware bankruptcy court, listing more than $100 million in debt and alleging its former CEO used forged documents to secure financing for the firm before its collapse. Mon, 22 Dec 2025 21:39:26 +0000 /bankruptcy/articles/2424765?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2424765 Delaware's justices threw the Court of Chancery in reverse big time last week, rescinding a decision by the state's chancellor that last year effectively canceled tech tycoon Elon Musk's multi-year, then-$56 billion stock-based compensation package. It was a decision that lit up the court's relatively low-key, pre-holiday wind-up. It also highlighted the endless, 3D tug of war over Delaware-chartered companies and the interests of boards, officers, controllers, stockholders and the corporate bar. Mon, 22 Dec 2025 21:22:46 +0000 /bankruptcy/articles/2424355?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2424355 A360 Media LLC and Bauer Media Group USA LLC are urging a New Jersey federal judge to award them more than $520,000 in attorney fees and costs after defeating a former executive's ERISA severance suit, arguing they prevailed over a bad-faith claim by the exec and he should be saddled with the legal fees to deter others. Mon, 22 Dec 2025 19:48:06 +0000 /bankruptcy/articles/2424802?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2424802 A Texas bankruptcy judge said Monday that auto-parts maker First Brands Group can access about $60 million in cash held by customers or stuck in segregated accounts, while setting up a January hearing to handle the debtor's proposed process to reconcile $3 billion in third-party factoring agreements with pending invoices. Mon, 22 Dec 2025 18:12:39 +0000 /bankruptcy/articles/2424810?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2424810 The battle for plus size fashion retailer Ashley Stewart is continuing in a Delaware bankruptcy court, with one director seeking to dismiss the case while others are calling for a court-appointed trustee to investigate the company's November asset sale. Mon, 22 Dec 2025 15:49:54 +0000 /bankruptcy/articles/2424710?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2424710 A south Texas concrete company has faulted a reduction in residential construction projects caused by increased immigration enforcement actions for its Chapter 11 filing, saying its recent growth was stalled by the drop in demand. Mon, 22 Dec 2025 15:04:46 +0000 /bankruptcy/articles/2424792?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2424792 A Delaware bankruptcy judge Monday declined to grant final approval of US Magnesium's $11.5 million in Chapter 11 financing, saying it was too early to authorize that relief as parties in the case continue to challenge the viability of the debtor's restructuring plans. Fri, 19 Dec 2025 20:24:27 +0000 /bankruptcy/articles/2423265?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2423265 A Boies Schiller Flexner LLP partner with experience in matters spanning from asset recovery to international investigations and high-wire global matters has been tapped to probe the bankruptcy of auto parts maker First Brands Group as a Chapter 11 examiner. Fri, 19 Dec 2025 17:47:06 +0000 /bankruptcy/articles/2423888?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2423888 Sporting gear and golf course design firm Nicklaus Cos. has asked the Delaware bankruptcy court to invalidate the liens of its largest creditor and to provide clarity on its claim status ahead of a proposed asset sale in February. Fri, 19 Dec 2025 16:29:49 +0000 /bankruptcy/articles/2424178?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2424178 The escrow agent holding $1.6 million related to the developer of the former Hudson Hotel near Manhattan's Columbus Circle has sued the debtor in Delaware bankruptcy court in an effort to resolve conflicting instructions on what to do with the funds.  Fri, 19 Dec 2025 15:09:51 +0000 /bankruptcy/articles/2422026?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2422026 As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller. Fri, 19 Dec 2025 13:07:07 +0000 /bankruptcy/articles/2424089?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2424089 Eye disease treatment developer Clearside Biomedical on Friday got permission from a Delaware bankruptcy judge for a January auction of its assets after saying it had resolved objections from shareholders and the U.S. Trustee's Office. Fri, 19 Dec 2025 12:28:37 +0000 /bankruptcy/articles/2423716?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2423716 Most counts have gone forward in a Delaware Court of Chancery suit alleging an unfair "blank check" company take-public merger with a since-reorganized electric vehicle company that faced allegedly undisclosed supply chain problems. Thu, 18 Dec 2025 19:03:08 +0000 /bankruptcy/articles/2423885?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2423885 A Texas bankruptcy judge agreed Thursday to approve bankrupt subprime car loan lender Tricolor's procedures for a quick sale of about 10,000 cars in its inventory, saying the debtor appeared to have earned its speedy timeline. Thu, 18 Dec 2025 18:28:35 +0000 /bankruptcy/articles/2423671?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2423671 A Delaware bankruptcy judge Thursday denied a request from Yellow Corp.'s creditors committee to pay its investment banker an additional $3.75 million, finding the adviser knew the former trucking company's Chapter 11 would be complicated when it agreed to a fixed payment structure.