HVAC Giant Air Pros Says It Grew Too Fast Before Ch. 11
Florida-based HVAC service provider AFH Air Pros LLC went on a nationwide acquisition spree between 2020 and 2022, only to land in bankruptcy court earlier this month to try to sell those same companies it purchased and clear its debt, court documents showed.
Industry Slump, COVID Led To Brazilian Builder's Ch. 15
A combination of political instability, a prolonged downturn in its home country's building sector and economic fallout from the COVID-19 pandemic has led a Brazil-based construction conglomerate to petition for Chapter 15 recognition in a New York bankruptcy court, as it pursues a reorganization in a São Paulo court.
Bad Faith Dismissal Shows Perils Of Involuntary Filing
A Delaware bankruptcy judge's dismissal of the involuntary Chapter 7 of the defunct subsidiary of an electric vehicle company as a bad faith end-run around a district court ruling is an example of the perils of an involuntary filing, bankruptcy professionals told Law360.
HVAC Giant Air Pros Says It Grew Too Fast Before Ch. 11
Florida-based HVAC service provider AFH Air Pros LLC went on a nationwide acquisition spree between 2020 and 2022, only to land in bankruptcy court earlier this month to try to sell those same companies it purchased and clear its debt, court documents showed.
Industry Slump, COVID Led To Brazilian Builder's Ch. 15
A combination of political instability, a prolonged downturn in its home country's building sector and economic fallout from the COVID-19 pandemic has led a Brazil-based construction conglomerate to petition for Chapter 15 recognition in a New York bankruptcy court, as it pursues a reorganization in a São Paulo court.
Bad Faith Dismissal Shows Perils Of Involuntary Filing
A Delaware bankruptcy judge's dismissal of the involuntary Chapter 7 of the defunct subsidiary of an electric vehicle company as a bad faith end-run around a district court ruling is an example of the perils of an involuntary filing, bankruptcy professionals told Law360.
Expert Analysis
As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to e... (more story)
Whether I’m delivering a punchline on stage or a closing argument in court, balancing stand-up comedy performances... (more story)
As three recent Delaware bankruptcy cases show, debtors who seek approval of a stalking horse bid protections agre... (more story)
Large Cap More
A Delaware vice chancellor refused on Friday to certify a mid-case appeal sought by bankrupt Sears Hometown Stores and its billionaire controller after a Court of Chancery ruling that an investor should get a ... (more story)
Texaco has said it is appealing a New York bankruptcy judge's decision that tens of billions in environmental litigation liabilities weren't discharged in its 37-year-old Chapter 11 reorganization.
A former Alex Jones attorney's two-week suspension from practicing law in Connecticut should not be halted amid an impending appeal, but he should get credit for a previous weeklong suspension he served over t... (more story)
A foreign affiliate of bankrupt talc miner Imerys does not qualify for Chapter 11 protection, a group of insurance carriers have told the Delaware bankruptcy court, urging it to dismiss the subsidiary's recent... (more story)
Counsel for medical implant maker Exactech Friday told a Delaware bankruptcy judge it has reached a $10 million settlement of potential claims against its equity sponsor a week before it will seek approval to ... (more story)
A trio of Western New York credit unions can't get certification for a class of state court consumer debt judgment holders after a lengthy "abusive and tactical" delay in filing their certification bid in a su... (more story)
A Texas bankruptcy judge has rejected a new $8 million cash offer for Free Speech Systems, the publisher of InfoWars, writing he already ruled out a sale of FSS' assets in the Chapter 7 of conspiracy theorist Alex Jones.
New York federal prosecutors Thursday opposed a request from attorney and crypto lobbyist Michelle Bond to extend filing deadlines for pre-trial motions in her criminal case until June, saying Bond's inability... (more story)
Houston's bankrupt MMA Law Firm PLLC has struck a deal to share the proceeds of its mass tort lawsuits with litigation funders Equal Access Justice Fund LP, a key creditor, in exchange for support of its Chapter 11 plan.
The U.S. Trustee's Office has urged a Delaware bankruptcy court to reject fabrics and crafts retailer Joann Inc.'s request to hire professionals from Deloitte in its Chapter 11, unless the debtor can show the ... (more story)
Mid Cap More
A Delaware bankruptcy judge on Friday gave interim approval to a high-protein soybean developer's $11 million debtor-in-possession loan, allowing it to access $3 million as it looks to sell itself within 75 days.
Defunct advertising app maker Unlockd is hoping the Ninth Circuit will revive its antitrust suit accusing Google of allowing the then-up-and-coming business to build a reliance on Google platforms and then cut... (more story)
Plastic alternative maker Danimer Scientific received interim approval Friday for $1 million in Chapter 11 financing, telling a Delaware bankruptcy judge that it is trying to find a buyer for its manufacturing facilities.
The operator of a New Hampshire power plant fueled by scrap wood has asked for court approval to solicit creditor votes for a new version of its Chapter 11 plan, which opts for restructuring the company rather... (more story)
Bankrupt medical technology company UpHealth has extended the voting deadline for its confirmed Chapter 11 reorganization plan and disclosure statement to next week, marking the fifth extension since the origi... (more story)
Nursing home operator Cold Springs told a New York bankruptcy judge Thursday the buyer of its 588-bed facility has quelled a dispute with a healthcare workers' union, clearing the way for a Chapter 11 sale.
Travel app company Mondee Holdings Inc. asked a Delaware bankruptcy judge late Wednesday to convert its Chapter 11 case to a liquidation under Chapter 7, saying after it closes on a sale of its assets to exist... (more story)
The Office of the U.S. Trustee urged a New Jersey federal judge to throw out or convert to a Chapter 7 liquidation the bankruptcy case of event venue The Chariot, saying the debtor's insurance for its $42 mill... (more story)
Benson Hill Inc., a company that develops a high-protein soybean, filed for Chapter 11 protection in Delaware bankruptcy court Thursday with $110.7 million in debt and plans to sell its assets through the case.
Vinson & Elkins LLP has announced the return of a Denver environmental lawyer from Kirkland & Ellis LLP.