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Sacramento Bee slashes staff as Gov. Gavin Newsom weighs state aid for news outlets
After a 144-year-old newspaper war, a bankruptcy and the internet gobbling its ad revenue, the Sacramento Bee is deeply cutting its staff, its owners announced.
S.D. counters trend in business bankruptcies
Business bankruptcy filings in the U.S. have surpassed pre-pandemic levels and are rising in many states -- but not in South Dakota.
LIV Golf Bankruptcy: Inside league’s business relationships
A document filed in the LIV Golf bankruptcy case reveals many of the companies the league has done business with since its launch in 2022.
Reports: Kennedy Center warns of bankruptcy unless Trump’s name returns
Officials at the Kennedy Center warn it faces “certain fiscal collapse” within weeks unless President Donald Trump’s name is added back to the building, according to documents obtained by The New York Times and The Washington Post.
Business roundup: Mountain Bike Specialists sells, oyster bar looking for buyer and fine dining spot files for bankruptcy
In this week’s roundup: One Durango business has changed hands, another is for sale and a third is filing for bankruptcy. Saslow said Mountain Bike Specialists “continues under new ownership wi...
Character.AI files for bankruptcy, citing legal headwinds
Character.AI filed for Chapter 11 to pursue a sale, while Disney offered $20 million for a licence to certain assets.
LIV Golf’s Bankruptcy Road Is Unlike Its Predecessors
The troubled golf entity is looking elsewhere across sports for inspiration.
Social Security announces 2027 cost of living boost for recipients
The Social Security Administration projects a 3.6% cost-of-living adjustment for older adults and people with disabilities starting in 2027. Some recipients say it won't offset rising prices. This adjustment means $75 extra per month for the nearly 72 million Social Security beneficiaries and about 7.3 million Supplemental Security Income recipients. Inflation continues to pressure household budgets and savings, and some older Americans feel the increase isn't enough. The Social Security Administration faces a looming bankruptcy date if a funding shortfall isn't addressed by Congress. Lawmakers have proposed measures to replenish the trust funds, including lifting the payroll tax cap to generate substantial revenue.
Raleigh business owner sentenced for concealing bankruptcy assets
RALEIGH, N.C. — The owner of a Raleigh paving company will spend more than a year in federal prison for concealing hundreds of thousands of dollars during bankr
Hughes files for bankruptcy after GEO business loses ground to Starlink
EchoStar’s Hughes geostationary satellite broadband business has filed for bankruptcy in the United States after years of mounting competition from SpaceX’s Starlink constellation.
Business Restructuring Review Vol. 25 No. 4 July-August 2026
In This Issue New York Bankruptcy Court: Premature Allegations of Creditor Mistreatment Insufficient to Deny Chapter 15 Recognition of Foreign Restructuring Proceeding In In re ARD Finance, S.A., No. 25-12794 (MG), 2026 WL 817458 (Bankr. S.D.N.Y. Mar. 25, 2026), the U.S. Bankruptcy Court for the Southern District of New York was presented with a petition seeking chapter 15 recognition of Luxembourg's recently enacted bankruptcy law governing judicial reorganization proceedings. The court granted the petition, turning aside challenges to recognition voiced by a creditor group arguing that recognition should be denied based upon allegations of unfairness to creditors in the Luxembourg proceeding that would make recognition manifestly contrary to U.S. public policy. According to the bankruptcy court, recognition was warranted because: (i) the rules and procedures governing the proceeding under Luxembourg law were fundamentally fair; (ii) the petition otherwise satisfied chapter 15's recognition requirements; and (iii) the creditor group's allegations were premature, given the fact that the Luxembourg court presiding over the debtor's restructuring proceeding had not confirmed a restructuring plan, and all creditors had the right to participate fully and voice their objections in the proceeding (including the right to appeal an order approving a plan). [read more …] Florida Bankruptcy Court Examines Scope of Discovery in Chapter 15 Cases In In re Banco Master, S.A., No. 25-24568-SMG, 2026 WL 931729 (Bankr. S.D. Fla. Apr. 6, 2026), the U.S. Bankruptcy Court for the Southern District of Florida granted in part and denied in part post-recognition motions filed by an insider of a foreign debtor seeking to bar or limit discovery sought by the debtor's foreign representative concerning allegedly voidable transfers involving the debtors' U.S. real property. According to the court: (i) although chapter 15 includes its own discovery provisions among the relief that may be granted to a foreign representative, the expansive discovery available in cases under other chapters of the Bankruptcy Code is also available in chapter 15 cases; (ii) the discovery sought by the foreign representative was permissible; (iii) discovery regarding matters that were the subject of a pending adversary proceeding had to be undertaken under the more restrictive rules applicable to such proceedings; and (iv) a discovery request would be barred to the extent that it sought production of documents or testimony from a subpoenaed entity that exceeded the geographic limitations specified in such rules. [read more …] Delaware District Court Affirms Chapter 15 Recognition Order Enforcing Nonconsensual Third-Party Releases In U.S. Int'l Dev. Fin. Corp. v. Credito Real S.A.B. de C.V. SOFOM, E.N.R. (In re Credito Real S.A.B. de C.V. SOFOM, E.N.R.), 677 B.R. 192 (D. Del. 2026), appeal filed, No. 26-2356 (3d Cir. June 5, 2026), the U.S. District Court for the District of Delaware affirmed a bankruptcy court order granting chapter 15 recognition to a Mexican "concurso mercantile" proceeding and enforcing nonconsensual third-party releases approved by the Mexican court. Agreeing with the bankruptcy court that the releases were not manifestly contrary to U.S. public policy, the district court concluded: "It is well settled that U.S. bankruptcy courts can give effect to foreign orders in recognized foreign proceedings pursuant to the authority granted in Chapter 15, even when those orders contain relief unavailable under U.S. law. [The appellant's] arguments misconstrue the Supreme Court's narrow holding in Purdue, applicable in Chapter 11 cases, as well as the statutory framework of Chapter 15 and its core policy objectives. Accordingly, I will affirm the Enforcement Order." The ruling has been appealed to the U.S. Court of Appeals for the Third Circuit. [read more …] Fifth Circuit: Bankruptcy Court, Not State Court, Had Jurisdiction to Allow or Disallow Administrative Expense Claim In Storey Minerals Ltd. v. EP Energy E&P Co., LP (Matter of EP Energy E&P Co., LP), 169 F.4th 609 (5th Cir. 2026), the U.S. Court of Appeals for the Fifth Circuit affirmed lower courts' rulings disallowing a creditor's administrative expense claim. It also rejected the creditor's argument that, because the claims were predicated on state law, a state court should adjudicate the merits of the state law causes of action before the bankruptcy court could allow or disallow the claim as an administrative expense. According to the Fifth Circuit, even though the causes of action were based on state law, the bankruptcy court had jurisdiction to determine whether the creditor's claims should be conferred with administrative expense priority in the debtors' chapter 11 case. [read more …] New York Bankruptcy Court: Dismissal of Involuntary Chapter 11 Case Filed Prior to Commencement of Foreign Restructuring Proceeding Unwarranted In In re Xinyuan Real Estate Co. Ltd., No. 25-10745 (PB), 2026 WL 592250 (Bankr. S.D.N.Y. Mar. 3. 2026), the U.S. Bankruptcy Court for the Southern District of New York considered the bona fides of an involuntary chapter 11 petition filed by certain holders of U.S. dollar-denominated notes against a holding company for a group of Chinese property development companies that filed a restructuring proceeding in the Cayman Islands after the noteholders filed the involuntary chapter 11 petition. The court denied the debtor's motion to dismiss the chapter 11 case. Given the timing of the filing of the Cayman Islands restructuring proceeding, the absence of any progress in the proceeding for seven months, the debtor's need to restructure notes governed by U.S. law, and the debtor's lack of any meaningful contacts to the Cayman Islands, dismissal of the chapter 11 case was unwarranted under the applicable provision of the Bankruptcy Code, international comity, or the doctrine of forum non conveniens. [read more …] Bankruptcy Court Evaluates Trustee's Authority to Sell Avoidance Actions and Right of Target Defendants to Object In In re Law Enf't Officers Sec. Union, No. 24-70277-JAD, 2026 WL 560452 (Bankr. W.D. Pa. Feb. 27, 2026), a chapter 7 trustee sought court approval to sell certain avoidance actions to a creditor of the debtor's estate. Potential targets of the subject avoidance actions objected, arguing that such claims were nontransferable powers of the trustee rather than saleable estate property and urging the court to approve their competing settlement with the trustee. The U.S. Bankruptcy Court for the Western District of Pennsylvania disagreed with the potential defendants, holding that they lacked standing to object to the proposed sale, that avoidance actions are indeed estate property, and that the sale—rather than the settlement—best served the estate's interests. [read more …] U.S. Supreme Court Bankruptcy Roundup in Brief In Keathley v. Buddy Ayers Construction Inc., No. 25-6, 2026 WL 1686028 (U.S. June 11, 2026), the U.S. Supreme Court overturned a Fifth Circuit decision judicially estopping a chapter 13 debtor from asserting a personal injury claim against a construction company because the debtor failed to disclose the claim during his bankruptcy case. In so ruling, the Court held that "[t]he Fifth Circuit erred by artificially narrowing its inquiry to whether the debtor had knowledge of the underlying facts or a potential motive to conceal the claim." It represents the first time that the Court has applied judicial estoppel in the bankruptcy context, although it has suggested in other contexts that it may be inappropriate where an inconsistent legal position resulted from "inadvertence or mistake." Also in June, the Court denied petitions for certiorari in a few notable bankruptcy cases. [read more …] Newsworthy Heather Lennox (Cleveland/New York) (Star Individual), Bruce Bennett (Los Angeles) (Senior Statesperson), Kevyn D. Orr (Washington) (Eminent Practitioner), Gregory M. Gordon (Dallas) (Band 1), Carl E. Black (Cleveland), Corinne Ball (New York) (Senior Statesperson), Brad B. Erens (Chicago), Jeffrey B. Ellman (Atlanta), T. Daniel Reynolds (Cleveland), and Dan T. Moss (Washington/New York) were recognized as leading lawyers in the practice area Bankruptcy/Restructuring in the 2026 edition of Chambers USA: The World's Leading Lawyers for Business. The 2026 edition of Lawdragon 500 Leading Bankruptcy and Restructuring Lawyers ranked the following lawyers: Corinne Ball (New York) (Hall of Fame), Bruce Bennett (Los Angeles), Carl E. Black (Cleveland), Jeffrey B. Ellman (Atlanta), Brad B. Erens (Chicago), Gregory M. Gordon (Dallas), Heather Lennox (Cleveland/New York), Joshua M. Mester (Los Angeles), and Kevyn D. Orr (Washington). Fabienne Beuzit (Paris) and Jasper Berkenbosch (Amsterdam) were among the "Leading Individuals" ranked in the 2026 edition of The Legal 500 EMEA guide in the field of Restructuring and Insolvency or Insolvency. Rodolphe Carrière (Paris) was named a "Next Generation Partner" in the practice area Insolvency. Sid Pepels (Amsterdam) was selected by Global Restructuring Review's 40 under 40 2026. He was identified as a Rising Star within the global cross-border restructuring community. Global Restructuring Review is a leading digital subscription service, news outlet, and information platform dedicated exclusively to cross-border insolvency and corporate restructuring law. Fabienne Beuzit (Paris), Rodolphe Carrière (Paris), and Isabelle Maury (Paris) were recognized in the 2027 edition of The Best Lawyers in France™ in the practice area Insolvency and Reorganization Law. An article written by Corinne Ball (New York) titled "Comity and Fairness are Critical to Granting Additional Assistance under Chapter 15: A Canadian Reverse Vesting Order and Related Releases in Proceedings Involving Canadian and U.S.-Affiliated Companies Are Approved" was published in the June 24, 2026, edition of the New York Law Journal. An article written by Caitlin K. Cahow (Detroit) titled "New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions" was published on June 8, 2026, in Lexis Practical Guidance. An article written by Trisha L. Mowbray (Real Estate; Chicago) and Ryan Sims (Washington) titled "Chapter 11 Plan that Abridged Non-Debtor Lessee's Rights to Remain in Possession After Rejection Unconfirmable as Having Been Proposed in Bad Faith" was published on June 16, 2026, in the Harvard Law School Bankruptcy Roundtable. An article written by Dan T. Moss (Washington/New York), Corinne Ball (New York), Isel M. Perez (Miami), and David S. Torborg (Washington) titled "Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief" was published on June 10, 2026, in Lexis Practical Guidance. An article written by Daniel J. Merrett (Atlanta) and Nathaniel Parr (Atlanta) titled "Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions" was published on June 11, 2026, in Lexis Practical Guidance. An article written by Corinne Ball (New York) titled "LMEs, Sophisticated Investors and Equitable Mootness: The Fifth and Third Circuits Warn Against Testing the Limits of Chapter 11" was published in the June 2026 issue of the American Bankruptcy Institute Journal. Nicholas J. Morin (New York) was quoted in an article titled "Serta Ruling Offers Damages Road Map in Lender-on-Lender Disputes," published by Bloomberg Law on July 7, 2026. The article discussed U.S. Bankruptcy Judge Christopher Lopez's July 7, 2026, ruling that participating lenders in Serta Simmons Bedding's 2020 non-pro rata uptier exchange breached the credit agreement's ratable-sharing provision, and awarding excluded lenders more than $261 million in damages. The opinion resolves six years of litigation related to Serta's 2020 transaction, where it raised $200 million in new financing and exchanged $1.2 billion of term loans for $875 million in superpriority debt. Judge Lopez found that the debt-for-debt exchange constituted a "payment" under the credit agreement, requiring proportional sharing among lenders, and dismissed various defenses raised by the participating lenders. The case is Serta Simmons Bedding LLC v. AG Centre Street Partnership (In re Serta Simmons Bedding LLC), 2026 WL 1968535 (Bankr. S.D. Tex. Jul. 7, 2026). The New York Law Journal has recognized Andrew M. Butler (New York) as a 2026 "Rising Star" in Restructuring/Bankruptcy as part of the New York Legal Awards. The Rising Star category recognizes New York's most promising lawyers age 40 and under who have distinguished themselves through exceptional legal work, leadership, and contributions to the profession. Lawyer Spotlight: Daniel J. Merrett Dan Merrett, a partner in the Atlanta Office, has spent nearly 20 years representing all manner of stakeholders in complex corporate restructurings and chapter 11 reorganizations. His practice extends to related transactions and disputes involving acquisitions; divestitures; credit facilities; securities; environmental obligations; and vendor, employee, and governance matters. Dan has substantial experience managing mass tort liabilities, including the restructurings and related chapter 11 cases of affiliates of Georgia Pacific and Johnson & Johnson, implemented to resolve asbestos and talc liabilities. He also represents key parties in energy and infrastructure matters, including facility owners, EPC contractors, and joint-venture parties. Dan was a key player in the restructuring teams in the historic bankruptcies of the City of Detroit and Chrysler. His other significant representations in chapter 11 cases include AFA Foods, Alpha Natural Resources, Dana Corporation, M&G Chemicals, McDermott International, Monster/CareerBuilder, Transtar Industries, and Westinghouse. He is licensed in both the United States and England & Wales and recognized in restructuring by Chambers USA and Best Lawyers.
True Food Kitchen Initiates Voluntary Chapter 11 Proceedings to Position Business for Long-Term Success
True Food Kitchen (the "Company") today announced that it and certain affiliates have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas (the "Court").
LIV Golf files bankruptcy with post-Saudi Future uncertain
LIV Golf filed for bankruptcy protection Tuesday, a dramatic fall for the Saudi-backed league that had big ambitions to challenge the supremacy of the PGA Tour. Saudi Arabia’s Public Investment
Can AI solve our mental health access problem?
Last week I asked you what worries you most about AI in health. It was close, but your top answer was “AI giving bad health advice.” Last week’s poll results: You’re in good company. This concern was top of mind at a conference I joined at Stanford last week, where researchers, clinicians, and people who build AI systems spent a day debating trust and safety in health AI. Stepping back, I’m also hearing your emerging concerns about AI’s impact on our well-being generally. I see this as a matter of public health, and we’ll take it in pieces as we learn together. Today we’ll focus on AI chatbots used for therapy for mental health. Early this month, Governor Newsom vetoed Senate Bill 903, California’s most ambitious attempt to regulate AI use for mental health. It’s at the center of active debate, and raises the questions patients, family members, citizens, and voters will face as AI moves deeper into health care. Let’s work through it. What is “AI-based therapy”? It’s really two things: purpose-built mental health apps designed to deliver structured support, and general chatbots like ChatGPT, Claude, and Gemini that people increasingly use for emotional support—even if they weren’t built for it. Spoiler alert: I don’t know whether the shift toward AI therapy is good or bad. The evidence isn’t there yet. But I do know it’s already happening, and I have some ideas about how we can roll it out with safety in mind. The therapy dilemma, in a nutshell Mental health challenges are common, and strain health and well-being across populations. Therapy (interactive dialogue with a trained, empathetic practitioner) helps many people heal. The demand for licensed therapists far exceeds the supply in California, and AI-based therapy can narrow that gap. AI-based therapy remains novel, unproven, and not well tested. Right off the bat, we can see we’re dealing with trade-offs here. Since the main driver of demand for therapy from a robot is lack of access to therapy from a human, we’ll start there. It’s too hard to find and afford a human therapist California is short roughly 55,000 licensed, non-prescribing therapists and counselors, about 40% of what we need. Psychiatrists, who rely on talk therapy as a complement to prescribed medications, are even more scarce. Eight counties have none, and density ranges from 1.7 per 100,000 residents in San Benito County, to 68.1 in Marin County. My wife is a psychiatrist in Marin, and even here access is tight. If it’s hard in the best-supplied county, imagine rural Sierra County, or the San Joaquin Valley. In 2024, more than half of Californians who tried to make a mental health appointment struggled to find a provider who took their insurance, compared with 14% for physical health care. When Senate staff posed as “secret shopper” patients and called 120 mental health providers in Medicare Advantage networks, they landed an appointment less than once for every five tries. Insurers pay behavioral health clinicians about 22% less than medical and surgical clinicians for comparable office visits. On top of that, billing denials and prior authorizations hit hardest at the solo and small practices common in mental health. Psychiatrists opt out of Medicare at the highest rate of any specialty. In many places, a cash practice for therapy fills quickly with patients paying $250 or more an hour, with no insurance paperwork at all. Families who can pay cash find providers more easily. Those who rely on insurance, including Medi-Cal enrollees, older adults, rural residents, and non-English speakers, compete for what’s left. So we can’t pretend the human system works, and we can’t blame people for turning to AI for support when they’re in distress. AI is filling the gap It’s estimated that roughly a quarter of AI users use it for mental health support. If you have internet, it’s available 24/7, it’s cheap, and it speaks your language. Uninsured adults are about twice as likely as insured adults to do it (30% vs. 14%). It feels anonymous in ways that may enable people to ask things they’re unsure or embarrassed about. The largely hidden, personal use makes it hard to study whether it’s actually helping people with their mental health issues, but researchers are trying. Does AI therapy work? A 2026 analysis of nearly 40 randomized trials found chatbots showed a real but small reduction in depression symptoms. But most of these trials were compared to an alternative of no therapy, not a human therapist. So the benefit of AI therapy is probably real, but modest, and mostly untested against the alternative of human contact. We need more studies. Serious concerns OpenAI’s own estimate is that more than a million ChatGPT users each week show signs of suicidal planning or intent. These are high stakes encounters, and AI doesn’t always get it right. That’s partly because a chatbot can sound like a therapist, but it has no license, no duty of care, and it’s not clear who to hold accountable when it gets things wrong. AI is also designed to help users in whatever task they’re seeking to accomplish. People may feel like they’re getting therapy, but they’re mainly getting a convincing conversation. It’s easy for an AI companion to wander into gray areas, like playing along with “creative writing” that may be about the user’s own suicidal intent. Courts are driving safety conversations A wave of lawsuits have been filed on behalf of families claiming that chatbots pushed people they loved toward self-harm, including teens who died by suicide. The first settlements came this year. OpenAI is headquartered in San Francisco, and dozens of cases alleging that ChatGPT drove users to suicide or self-harm are now before a San Francisco judge. Character.ai has filed for bankruptcy after several states brought lawsuits accusing the chatbot of pushing dangerous content to kids. But the technology seems to be improving. Last month, an independent evaluation found that newer AI models “almost never endorse suicide.” That’s progress, but our societal appetite for even one preventable death is very low. So how do we move forward? Finding a middle ground Earlier this month the governor vetoed Senate Bill 903, a bill designed to place guardrails on the use of AI for therapy. The bill would have prohibited any AI-based platform from being advertised as psychotherapy, and would have required a licensed professional to review and approve each encounter where AI was used to support therapeutic decisions. Newsom called it overly broad, since even routine screening questions would have needed clinician sign-off. Knowing we’re already short on mental health providers, requiring human review of AI encounters may not relieve our access problems. Still, the answer isn’t no oversight. Here’s one feasible short term solution. Rather than reviewing each encounter, a licensed clinician can design the guardrails: what counts as a crisis, what triggers an immediate handoff to a human, and what gets sampled for audit each month. The AI runs inside that structure. Conversations get checked, failures get reported, and a real clinician owns the framework. Medicine already has models to learn from. The FDA process for rolling out newly approved medications is an example. After a product reaches patients, we keep watching for adverse events. Patient-facing AI needs the same “digital pharmacovigilance”: systematic tracking of harms, near misses, and the types of groups that get hurt and why. It’s also critical that users know that they can reach a human if they’re in crisis. Most chatbots now include messages like these: Bottom line The rush to use unproven AI tools for mental health support is mostly a workaround, a sign of a health system people can’t get into. We need better access to proven care from licensed clinicians. That takes reimbursement that makes accepting insurance viable, and a bigger workforce. But, built and tested well, AI could be part of the answer. It could be the 2 a.m. check-in when no one else is awake, or a way for patients to practice skills their therapist taught them. It could be the first step to get someone the right level of care, and take paperwork off clinicians’ plates so they spend more time with patients. None of this is simple. The SB 903 veto doesn’t end the debate, and the legislature will be back. In the meantime, those of us using these tools need to stay informed, ask hard questions, and hold the companies building them accountable. I’ll try to do my part, and we’ll keep learning together. Love,Matt P.S. If you or someone you know is struggling with mental health challenges, emotional distress, substance use problems, or just needs to talk, call or text 988- you’ll reach a real person— or chat at 988lifeline.org 24/7. Dr. Matt Willis is the author of Your Local Epidemiologist in California. A California native, he’s served as a primary care physician, CDC epidemiologist, and public health officer for Marin County, where he guided the pandemic response. He lives in Marin with his family and their dogs, Teddy and Ramona. Thank you Cynthia He, MD, PhD, and Parnika Saxena, MD, for their guidance in preparing this article. Cynthia works in an outpatient mental health clinic, treating patients who have Medi-Cal or, sometimes, no insurance. Parnika works in an inpatient psychiatric unit, treating patients with public or private insurance or self-pay ability. All opinions are their own and do not represent their employers.
‘CoCo’ would take taxpayers for a ride
Colorado wants taxpayers to spend another $4.73 billion on passenger rail. Don’t worry. They have a plan. Which is a little like your brother-in-law announcing he’s launching another exciting restaurant venture after his last three restaurants ended in bankruptcy. Please. Tell me where to send the check. This week the Front Range Passenger Rail District […]
Chasen bankruptcy: Baltimore developer grilled by lawyers on business associates
Former Baltimore real estate mogul Brandon Chasen distanced himself from irregularities that appeared in his business empire’s finances during the lead-up to its collapse.
The Picklr files for bankruptcy, plans reorganization
Pickleball facility franchisor The Picklr has filed for Chapter 11 bankruptcy, with committed financing from a group led by former MLS team exec Tom Neale.
Caryn Seidman Becker Bought Clear Out Of Bankruptcy. Now She’s A Billionaire.
After conquering airport security checkpoints, Clear’s billionaire CEO Caryn Seidman Becker wants to use your biometrics to unlock doctors’ appointments, baseball games and the rest of your life.
North Star Health Alliance cuts nearly 600 jobs, job center reports few seeking help
North Star Health Alliance has cut nearly 600 jobs in the past year, according to information revealed last week in U.S. Bankruptcy Court.
California trucking business files for bankruptcy
Commodity Transporters initiated the Chapter 11 petition.
Zygi Kamasa’s U.K. Film Distributor True Brit Entertainment Files for Administration Due to ‘Extremely Challenging Market Conditions’
True Brit Entertainment, the U.K. theatrical distributor that launched less than three years ago, has filed for administration, a British legal process similar to Chapter 11 bankruptcy. The company, w...
LIV Golf Secures $14 Million To Stay Alive
LIV Golf gets court approval for $14 million in bankruptcy cash to keep paying players and staff while it restructures for 2027.
UK Indie Distributor True Brit Entertainment Files for Administration
True Brit Entertainment, the UK theatrical distributor founded by Zygi Kamasa in 2023, has filed for the U.K. equivalent of Chapter 11 bankruptcy
South Dakota business bankruptcies down, but closures and farm reorgs up
While post-pandemic Chapter 11 business bankruptcy filings in South Dakota are down, the number of business closures and Chapter 12 filings, common with farmers, have risen.
2064: Read Only Memories Studio Files For Bankruptcy
2064: Read Only Memories dev MidBoss' filing was made by former and now-current CEO Matt Conn
Their Family Business Went From Bankruptcy to a $4 Billion Snack Empire: Inside Jack Link’s Wild Entrepreneurial Ride
Meat, risk, and NASCAR — here's how Jack Link's CEO Troy Link has grown his family business into a global phenomenon.
LIV Golf New Investor Shares Business, Golfer Recruitment Strategy
After losing PIF funding and filing for bankruptcy, LIV Golf has a new investor and plans to retain top golfers for global play. Here's their vision.
Getty Images to restructure via bankruptcy; no Seattle layoffs planned
Seattle-based Getty Images is filing for bankruptcy and going private through a restructuring deal with financial backing from the Getty and Koch families.
Bitcoin Depot declares bankruptcy, lays off more than 100 staff at corporate office
The company said it will undertake an "orderly wind-down" and sell off its assets.
Bangor to buy back Penobscot Community Health Care building, putting city in a tough spot
The health center could file bankruptcy if it doesn't come up with $3 million this fall.
Fitzgibbon Hospital in Marshall transitions to new management
Fitzgibbon Hospital in Marshall has transitioned to new management following the U.S. Bankruptcy Court's approval of the transaction.
Philadelphia correctional health workers go weeks without pay after YesCare bankruptcy
Medical staff at six Philadelphia correctional facilities have gone nearly a month without pay after their employer, YesCare, filed for bankruptcy, prompting the city to step in with emergency support.
Rodney Scott's former business partner files for bankruptcy; over $44M in liabilities
Nick Pihakis, the founder of Pijakis restuarant group and who partnered with pitmaster Rodney Scott to open the acclaimed Rodney Scott's Whole Hog BBQ in Charl
Private Equity-Backed IT Business TPx Files for Bankruptcy to Sell Assets
The managed information-technology services company has a restructuring agreement with its sponsor and the majority of creditors.
Gundlach Bundschu declares bankruptcy as the wine industry struggles
California's oldest family-run winery has filed for bankruptcy protection, another sign of the struggles in the wine industry.
iRobot announces eight smaller and better Roomba bots after bankruptcy
It’s only a few months since iRobot filed for bankruptcy, but it has now re-emerged under new ownership and announced...
Bed Bath & Beyond reopens in Washington
After filing for bankruptcy and closing all its physical stores in 2023, Bed Bath & Beyond will return to Bellevue as part of a partnership with The Container Store.
High fuel costs to trigger airline failures and consolidation, industry chief says
Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday.
Chicago Teachers Union wants $8.5 million dues hike to fund politics
“Has your brand become toxic?” This was a pointed question from WGN Political Editor Tahman Bradley, posed to Chicago Teachers Union President Stacy Davis Gates in a recent interview. Her immediate response: “I don’t understand the question.” When pressed, Gates added, “The Chicago Teachers Union is not a political party, it is a labor union.” But internal union documents show CTU leadership is trying to skim $8.5 million more from teacher paychecks explicitly for politics, while trying to silence union members critical of Gates’ leadership. Under the proposed dues hike, Chicago teachers would see up to $800 more per year flow from their paychecks to union coffers. The union already takes in more than $40 million a year, mostly from dues. And it spends less than 18 cents of every dollar on teacher representation. The No. 1 reason for the proposed dues hike? Politics. “We must win a majority of the first 21 person fully elected school board in November,” reads the first point in CTU’s member FAQ document.1 This directly contradicts CTU’s promise to members about how leadership uses dues money. The official CTU handbook tells members that the union does not use dues money for politics, so if they are interested in funding political activity, they should consider voluntary donations to CTU’s political action committee. “Our dues are not used for political purposes,” according to the handbook. “So our PAC relies on extra contributions from our members to support progressive candidates and to impact elected officials at the city, county and state levels.” This kind of double-speak is one reason members are concerned about another constitutional change slipped into the dues hike vote, which will take place on May 20-21: an attempt to stop members from holding the union accountable. A proposed amendment to the union constitution tries to place limits on when members may bring a lawsuit against the union for violating members’ rights.2 This provision is clearly a response to members’ lawsuit against union leadership regarding Gates’ years-long refusal to publish audited financial statements. The judge in that case has repeatedly denied the union’s attempts to dismiss it. Teachers opposed to these changes have been circulating this flier, urging members to vote no. What will CTU members get in return for millions of dollars in additional dues? If the 2024 school board elections are any indication—not much. CTU leadership’s record on school board races may not inspire confidence among members. A Chicago Policy Center analysis of a dozen affiliated PACs found CTU spent nearly $2.9 million on school board races in 2024. Of that spending, more than $2.1 million (75%) went to losing candidates. And while CTU-backed candidates lost six of the nine competitive seats overall, they fared worse in their biggest-spending races, losing five of six contests in which the union and its affiliates put up more than $250,000 for their candidate. The Chicago school board elections take place Nov. 3.3 Is another $8.5 million enough to clean up a toxic reputation? Not likely. Update on federal tax credit scholarship: Last week, Democratic New York Gov. Kathy Hochul said she plans to opt into the federal tax credit scholarship program. If Illinois Gov. JB Pritzker follows suit, Illinois could unlock $1 billion in donor money statewide for both public- and private-school students. If Illinois does not opt in, that money will flow to other states. The Last Ward reported in February on how Illinois Democrats could unlock at least $100 million in new resources for Chicago public-school students by opting in. Update on the investigation into how Chicagoans learned about a meeting to hike their property taxes: The Last Ward reported in January on an absurd, taxpayer-funded investigation into how local media learned of a planned Chicago school board meeting to hike the district’s property tax levy. That investigation is now complete. Lawyers interviewed two dozen witnesses, and found nothing. Update on Illinois’ muni debt crisis: My colleague Joe Tabor last week published a must-read piece in Crain’s Chicago Business about how Illinois recently rejected south suburban Harvey’s request to be designated a “distressed city.” The saga shows why the state must implement a better structure to assist insolvent local governments, including allowing for the option to pursue debt relief via Chapter 9 bankruptcy. The Last Ward reported in October on how Harvey is tipping the first domino in Illinois’ municipal debt crisis. Mincing Rascals: I joined the Mincing Rascals podcast to discuss the SAFE-T Act, the millionaires tax, and more. My “green light” recommendation: Force Majeure (2014). 1 Notably, the No. 2 reason cited is “resources to fund a state-wide millionaires tax campaign in order to fully fund the state’s school funding formula.” The constitutional amendment necessary to implement a progressive income tax in Illinois recently died in the Illinois House, meaning this question would not appear on the ballot until 2028 at the earliest. 2 There is seemingly no single-subject rule for CTU constitutional amendments. So members only get one vote on the full package. One cannot vote “yes” on the dues hike and “no” on the restriction of members’ rights, for example. 3 Illinois law grants far too much power over local government to unelected officials like Gates. State lawmakers should fix that.
Focused Behavior Solutions Files for Bankruptcy Citing Reimbursement Delays as Key Cause
Focused Behavior Solutions, an applied behavior analysis (ABA) therapy provider based in Walla Walla, Washington, has filed for Chapter 11 bankruptcy,
Leslie's Pool Supplies, in bankruptcy, shutters many California stores
Leslie's Pool Supplies filed for Chapter 11 bankruptcy and closed 76 stores nationwide as part of its restructuring plan.
Change to bankruptcy law may help speed up, give relief to small biz
Small businesses may get an easier path to restructure their debt faster while offering greater flexibility in negotiating with creditors under a change in law waiting President Trump's approval.
The Political Economy Of Water Bankruptcy—Who Benefits And Who Pays
The architect of the water bankruptcy concept explains why the problem is so difficult to solve politically, even when the solutions are known.
Brightline Files for Chapter 11 Bankruptcy Protection
Florida rail line says move will not impact operations with new funding committed
Yacht entrepreneur meets demand for high-end water access
After building a charter business, Brian Crotty has founded two additional boating companies and acquired a sailing and boating school out of bankruptcy.
For GLP-1 users, the in-store clothes shopping trip is back
Nora Nye, 58, is refreshing her wardrobe as she sizes down for the first time in over three decades after losing 80 pounds on weight-loss drug Mounjaro. Earlier this year, the Denver bankruptcy lawyer walked into a Macy's and found herself overwhelmed.
Fresno, Madera businesses among latest Chapter 7 bankruptcy filings
Five business-related Chapter 7 bankruptcies report millions in liabilities across the region. See who filed and review the latest case details.
Arkansas farm bankruptcies on the rise, most in the nation
Recent reports point to a rise in Arkansas farmers struggling with finances following steep gains in fuel and fertilizer prices. The state led the nation in farm-related Chapter 12 bankruptcy...
August Small Business Filings Increase 63% Year Over Year
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Delaware, Texas have highest business bankruptcy filings in U.S.
Business bankruptcy filings have increased nationwide by nearly 12% in one year. That's after they increased by nearly 15% the previous year.
A bankruptcy and big business takeover signal change in Washington's apple industry
A historic changing of the guard in Washington’s troubled apple business is underway in a Spokane bankruptcy court.
Penobscot Community Health Care needs $3M to avoid bankruptcy
Maine's largest federally qualified health center, Penobscot Community Health Care, faces a $3 million deficit that could force it into bankruptcy.
Garden County Health Services files for Chapter 9 bankruptcy
CEO says patients will not see any change in care.
Character.ai files for bankruptcy, citing legal and operational woes
Maker of ice cream sold at grocery stores nationwide files for bankruptcy as it appeals $23.8M judgment
Rebel Creamery reported $13.78 million in assets and $23.85 million in liabilities as it appeals a $23.785 million Van Leeuwen judgment.
Financial struggles at Camden medical center reflect closure risks for Arkansas’ rural hospitals
It has been a difficult year for Ouachita County Medical Center. In January, the Camden hospital became the latest in the state to close its labor and delivery unit. In March, it filed for Chapter 11 bankruptcy. In August, the hospital furloughed dozens of employees as it struggled under the budget constraints of bankruptcy.
Business bankruptcies down but closures and farm reorgs up
Between 2019 to 2026, 292 businesses in South Dakota filed for bankruptcy.
Community Non-Profit Comprehensive Behavioral Health Files for Chapter 11 Bankruptcy
Hackensack, New Jersey-based Comprehensive Behavioral Health Care Inc. (CBH Care) has filed for Chapter 11 bankruptcy protections. The nonprofit
The Roman Space Telescope: The power of science and the bankruptcy of capitalism
The extended international effort to probe the history of the Universe of which the Roman telescope is a part conflicts directly with the continued existence of the profit motive and the nation-state system.
Bidder emerges for bankrupt Triangle startup
Apani Systems, a Raleigh textile recycler, offers $250,000 for Keel Labs' assets in bankruptcy auction, potentially acquiring seaweed fiber technology.
How a 40-year-old father launched a $1.6 billion-a-year meat snacks empire from a bankrupt Wisconsin business
Jack Link turned a bankruptcy into an opportunity to build a beef jerky empire. Four decades later, Link Snacks brings in more than $1 billion in annual sales.
South Florida bankruptcy filings see uptick as consumers, businesses seek relief amid war, rising prices
Amid rising inflation and surges in energy prices, South Florida many consumers and businesses are turning to bankruptcy filings for relief.
QVC shareholders fight bankruptcy plan they say favors creditors
QVC shareholders are challenging the retailer’s bankruptcy plan, arguing the company is improperly shifting valuable assets to creditors.
Window business at center of investigation files for bankruptcy
Window Depot of the Gulf Coast has filed for Chapter 7 bankruptcy. This business is one of two at the center of a FOX10 Investigation since late May.
Detroit city airport aims to anchor an east side revival as traffic climbs
The Coleman A. Young Airport survived Detroit's bankruptcy. Now it's expanding fast, with new hangars, a helicopter HQ and plans to anchor the east side's revival.
Beloved Sarasota business closes after 50 years
A beloved Sarasota business has closed after 50 years and filed for bankruptcy, while the building that housed it is listed for nearly $4 million.
Developer behind collapsed recreation complex plan in Johnston files bankruptcy
Ignit Johnston LLC, the group behind the failed proposal to build a youth sports and recreation complex in Johnston, has filed for Chapter 11 bankruptcy, just weeks after a judge ordered the developer to pay more than $4.2 million in damages to Lincoln Savings Bank in a foreclosure case filed by the bank. Lincoln Savings…
New owners of One Canal Place declare bankruptcy just over 2 months after $28M acquisition
The New York brothers behind a network of for-profit summer camps and a complex web of corporations and are now under investigation by Israeli authorities.
Beloved California brunch chain files for bankruptcy after 36 years in business
Marmalade Cafe, a Southern California restaurant fixture founded in 1990, has filed for Chapter 11 protection amid rent disputes, supplier obligations and broader losses affecting the dining industry.
Kennedy Center reportedly on brink of bankruptcy and could close as early as Tuesday
Center’s Trump-installed leaders claim putting president’s name on its facade may be only way to avoid ‘fiscal collapse’
Pickleball company files for bankruptcy as founder acknowledges business mistake: 'I own it'
Jamie Carragher: HMRC files bankruptcy petition against Sky Sports, CBS pundit
The petition against the former Liverpool and England defender was filed over an unpaid tax bill.
Operator of 314 Wendy's locations in the U.S. files for bankruptcy protection
Dublin, Ohio-based Wendy’s has been struggling for several years with outdated stores, high beef prices and stiff competition.
Penobscot Community Health Care faces cash crisis, possible bankruptcy
CEO email to employees details financial pressures and contingency plans
How a family business went from bankrupt to $1.6 billion a year in sales
Jack Link turned a bankruptcy into an opportunity to build a beef jerky empire. Four decades later, Link Snacks brings in more than $1 billion in annual sales.
Texas ranks No. 3 for business bankruptcy filings in U.S.
Higher interest rates and lingering inflation are forcing businesses into a tough spot.
Penobscot Community Health Care avoids bankruptcy with $2.8 million from rural health program
PCHC says the funding will help with a transition to a new electronic medical records system and alternative payment models.
Health provider announces RRH partnership prematurely
WATERTOWN — After months of Chapter 11 bankruptcy hearings, closures and the ending of services at several of its facilities, North Star Health Alliance on Thursday announced that it would
Jamie Carragher: Judge dismisses bankruptcy petition filed against Sky Sports pundit
The petition, concerning an unpaid tax bill, was filed in August by HMRC but dismissed on Tuesday after a payment was made.
Painted Tree vendors to host free pop-up after abrupt closure
Vendors are hosting a free pop-up event to recover lost income after Painted Tree Boutiques declared bankruptcy. Here's how to shop on Saturday.
UConn Researcher’s Insight on Small-Business Bankruptcy Recovery Draws the Attention of Congress
'Small businesses are an important part of the economy, but financial distress does not necessarily mean that the underlying business isn’t worthwhile& ...
Control Without Ownership: How China's Party-Business Networks Dominate Indonesia's Mineral Supply Chains
In 2024, when Jiangsu Delong, the world’s second-largest stainless-steel producer, filed for bankruptcy, several Chinese firms and state-owned enterprises
Clients, employees left hanging as NH wedding photography business files for bankruptcy
Kasey Fedorchuk and her fiancé Joshua Logan are set to tie the knot on Halloween, but just weeks before the couple will say, "I do," an unexpected email hit their inbox.
Spirit, Google ensure passenger privacy will be protected in bankruptcy sale of airline’s business data
A court-appointed ombudsman has concluded that the proposed $10 million sale of Spirit Airlines business data to Google can proceed since privacy concerns have been addressed.
Higher Debt Caps to Boost Small Business, Personal Bankruptcies
Federal lawmakers’ move to permanently raise debt limits for bankruptcy relief will give more small businesses and individuals access to options that were previously out of reach under current economic pressures and persistent inflation.
How one desperate phone call saved a failing creamery
Facing bankruptcy, Homestead Creamery’s founders committed to listening and making tough changes — and thus built a $15 million business.
Trucking industry hit by string of bankruptcy filings as diesel costs surge
At least eight transportation-related companies sought Chapter 11 protection in September as the trucking industry grapples with higher fuel costs.
This Utah ice cream looks too much like a popular New York competitor, a court says. You can still buy it while it fights a $23 million judgment.
The Utah-based Rebel Creamery, which specialized in keto diet-friendly pints, recently lost a court battle against another brand that said it copied its packaging. Now, Rebel has filed for bankruptcy as its fights the ruling.
Pickleball facility franchisor files for bankruptcy as founder acknowledges business mistake: 'I own it'
The Picklr's Chapter 11 filing stems from costly lease guarantees on about 40 franchise locations as an investor group commits millions for restructuring.
Zygi Kamasa's True Brit Entertainment Files For Administration
True Brit Entertainment, the UK distributor founded by former Lionsgate executive Zygi Kamasa, has effectively filed for Chapter 11 bankruptcy.
Business Restructuring Review Vol. 25 No. 3 May-June 2026
In This Issue Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief In In re Siu-Fung Ceramics Holdings Limited, No. 24-33299, 2026 WL 382424 (Bankr. S.D. Tex. Feb. 10, 2026), the court denied petitions for chapter 15 recognition of Hong Kong bankruptcy and liquidation proceedings commenced on behalf of an individual debtor and a group of companies that he owned or controlled. According to the court: (i) the corporate debtors' Hong Kong liquidation proceeding was not eligible for chapter 15 recognition because the attorney retainer upon which such relief was based was not funded until nine months after the chapter 15 petition date; and (ii) the individual debtor's Hong Kong bankruptcy case could not be recognized because the debtor's "center of main interests" on the chapter 15 petition date was not in Hong Kong, and he did not even maintain an "establishment" there. [read more …] Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions In In re Container Store Group, Inc., 676 B.R. 356 (S.D. Tex. 2026), appeal filed, No. 26-20166 (5th Cir. Apr. 14, 2026), cross appeal filed, No. 26-20166 (5th Cir. Apr. 24, 2026), the U.S. District Court for the Southern District of Texas addressed consensual third-party releases and gatekeeping provisions in the aftermath of the U.S. Supreme Court's ruling in Harrington v. Purdue Pharma L.P., 603 U.S. 204 (2024). Consistent with existing Fifth Circuit precedent, the court confirmed that, in appropriate circumstances, consent for third-party releases may be obtained through a creditor's failure to opt out of granting that consent. But, the court ruled, consent through an opt-out mechanism essentially can never be inferred for creditor classes that stand to receive no recovery under a chapter 11 plan and that are deemed to reject the plan by operation of applicable bankruptcy law. Instead, those classes must affirmatively opt in to any release. The court also narrowed and remanded the bankruptcy court's acceptance of a broad gatekeeping provision, ruling that such provisions must correspond to the restrictions established by Fifth Circuit precedent. [read more …] Delaware Bankruptcy Court: Initial Transferee Need Not Be Defendant in Fraudulent Transfer Avoidance and Recovery Litigation The Bankruptcy Code gives a bankruptcy trustee the power to avoid asset transfers that are either made with the intent to defraud creditors or that are "constructively" fraudulent because an insolvent debtor did not receive adequate value in exchange. The Bankruptcy Code also permits recovery of an avoided transfer from not only the initial recipient, but also from subsequent transferees. Courts disagree over whether a transfer must actually be avoided before the trustee can seek recovery from a subsequent transferee and whether the initial transferee must also be a defendant in the recovery litigation against a subsequent transferee. The U.S. Bankruptcy Court for the District of Delaware weighed in on this debate in Phillips v. SS Associates LLC (In re ONH AFC CS Investors, LLC), No. 23-10931 (CTG), 2026 WL 312892 (Bankr. D. Del. Feb. 4, 2026). The court adopted the majority view, ruling that the initial transferee need not be a defendant in avoidance and recovery litigation against a subsequent transferee, but that the trustee must establish the elements necessary to avoid the initial transfer as part of the recovery litigation. [read more …] New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions In order to assume and assign an executory contract or unexpired lease, a bankruptcy trustee must cure most defaults under the agreement and provide "adequate assurance" of the assignee's future performance. However, the Bankruptcy Code provides no guidance as to the meaning of "adequate assurance" other than with respect to shopping center leases. In In re Broadway Realty I Co. LLC, No. 25-11050, 2026 WL 147505 (Bankr. S.D.N.Y. Jan. 19, 2026), the U.S. Bankruptcy Court for the Southern District of New York examined this issue in connection with a proposed assignment of thousands of residential leases as part of a free-and-clear sale of debtors' properties. The court held that "adequate assurance" does not mean a guarantee of the assignee's future performance, but merely demonstration that the assignee has the ability to satisfy the underlying obligations. The bankruptcy court also ruled that an exculpation provision in the debtors' chapter 11 plan exonerating non-estate fiduciaries from liability for actions taken in connection with the chapter 11 case was unobjectionable, provided it was limited in scope to postpetition conduct and actions taken in connection with implementation of the plan after its effective date. [read more …] Newsworthy Corinne Ball (New York) (Hall of Fame), Bruce Bennett (Los Angeles), Carl E. Black (Cleveland), Jeffrey B. Ellman (Atlanta), Brad B. Erens (Chicago), Gregory M. Gordon (Dallas), Heather Lennox (Cleveland/New York), Joshua M. Mester (Los Angeles), and Kevyn D. Orr (Washington) were included in the 2026 edition of Lawdragon 500 Leading Bankruptcy and Restructuring Lawyers. The Daily Business Review selected Isel M. Perez (Miami) as an "On the Rise" winner for the Florida Legal Awards. The Florida Legal Awards annually recognize those who have made significant contributions to the legal industry in Florida. Dan T. Moss (Washington/New York) was inducted as a Fellow in the 37th Class of the American College of Bankruptcy at its Annual Meeting in March 2026 in San Antonio, Texas. Christine Borries (Munich) was ranked in the practice area Restructuring/Insolvency in the 2026 edition of Chambers Germany. The 2027 edition of The Best Lawyers in Singapore™ recognized Sushma Jobanputra (Singapore) in the practice area Insolvency & Reorganization. The restructuring transaction involving Eissmann Automotive North America, Inc. received the "2025 Turnaround of the Year (Large Company)" at the Turnaround Management Association (Detroit) Annual Awards Reception. T. Daniel Reynolds (Cleveland) and Nick Buchta (Cleveland) represented subsidiaries of Eissmann Group Automotive in connection with the parent company's German insolvency proceedings. Roger Dobson (Sydney) is among 40 Jones Day lawyers recognized by The Best Lawyers in Australia 2027 for his contributions in Banking and Finance Law; Distressed Investing & Debt Trading; Insolvency and Reorganization Law; Litigation. An article written by Corinne Ball (New York) titled "Ard Finance—A Global Enterprise Combining an LME With a Foreign Insolvency Proceeding and Chapter 15" was published in the April 21, 2026, edition of the New York Law Journal. An article written by Alex Sapp (New York) titled "Recent Developments in Section 510—Subordination" was published in the 2025 edition of the Norton Annual Survey on Bankruptcy Law. An article written by Brad B. Erens (Chicago) titled "New York Bankruptcy Court Approves Insider DIP Litigation Financing" was published on April 6, 2026, by Lexis Practical Guidance. An article written by Corinne Ball (New York), Dan T. Moss (Washington/New York), David S. Torborg (Washington), and Isel M. Perez (Miami) titled "New York District Court Affirms Narrow Scope of 'Public Policy Exception' in Chapter 15 Cases" was published on April 6, 2026, by Lexis Practical Guidance. An article written by Jeffrey B. Ellman (Atlanta) titled "Statutory Cap on Lease Rejection Damage Claims in Bankruptcy Applies to Solvent Debtors" was published on April 6, 2026, by Lexis Practical Guidance. An article written by Trisha L. Mowbray (Real Estate; Chicago) and Ryan Sims (Washington) titled "Chapter 11 Plan that Abridged Non-Debtor Lessee's Rights to Remain in Possession After Rejection Unconfirmable as Having Been Proposed in Bad Faith" was published on April 6, 2026, by Lexis Practical Guidance. Lawyer Spotlight: Ben Rosenblum Ben Rosenblum, a partner in the New York Office, represents debtors, creditors, and other parties in out-of-court restructurings and court-supervised proceedings, including chapter 11 cases, municipal bankruptcies, international insolvency matters, and stockbroker liquidations. His experience spans industries such as manufacturing, shipping, mining, aviation, energy, real estate, and telecommunications. Ben's notable debtor representations include Peabody Energy, the City of Detroit, Chrysler LLC, Spansion Japan, and Dana Corporation. Significant creditor representations include General Maritime Corporation, Calpine Corporation, American Home Mortgage, and Murray Energy. He currently represents creditors in Puerto Rico's restructuring. He also has extensive experience advising financial institutions on bankruptcy law as applied to derivatives.
LIV Golf to pitch new business model amid bankruptcy report
LIV Golf is moving forward with its plan to take a new business model to potential investors despite a report that the league is laying groundwork for potential bankruptcy in the U.S.
West Marine files for bankruptcy, plans to close 5 WA stores
The boating supply chain West Marine plans to close five of its Washington stores. The stores are expected to have sales before they shut down.
Standlee to pay $16.9 million for Anderson Hay's business
Company seeks permission for sale from bankruptcy court Anderson Hay has struck a deal to sell most of its operational assets, except its real estate, to the Standee forage company […]
The curious case of Sam Bankman-Fried's friends' Anthropic shares
Sam Bankman-Fried's Anthropic stake was liquidated in bankruptcy court two years ago. His friends' shares went down a different path.
US Congress moves closer to restoring access to popular small business bankruptcy program
Congress is moving to restore expanded access to a popular bankruptcy option for small businesses, with the US House of Representatives and Senate both passing bills to restore the program's debt-eligibility limit to $7.5 million after the higher threshold expired in 2024.
Distressed Marmalade Cafe Files for Chapter 11
Los Angeles’ volatile fast-casual dining scene has lost another native when Encino-based Marmalade Cafe filed for Chapter 11 bankruptcy Sept. 2. The Santa
Meritage files Chapter 11 bankruptcy after Wendy’s traffic hits 30-year low
Wendy's franchisee Meritage has filed for Chapter 11 bankruptcy after a year of financial difficulty.