U.S. Supreme Court limits bankruptcy power to recoup older tax payments
The U.S. Supreme Court on Wednesday ruled that bankruptcy trustees may not claw back allegedly fraudulent federal tax ...
JD Supra1d
Fifth Circuit Holds that Gatekeeping and Injunction Provisions in Bankruptcy Plans Cannot Shield Non-Debtors From Liability
On March 18, 2025, the United States Court of Appeals for the Fifth Circuit held in In re Highland Capital Mgmt., L.P., that a plan’s gatekeeping ...
JD Supra3d
U.S. Bankruptcy Court Directs Turnover of Chapter 15 Debtor's Assets for Administration in Foreign Bankruptcy Proceeding
Nearing its 20th anniversary, chapter 15 of the Bankruptcy Code is an invaluable framework for coordinating cross-border bankruptcy cases ...
WHYY48m
Trump’s 3rd Circuit: President has power to remake Philly region’s highest federal court
With two vacancies, the 3rd Circuit, a highly influential and powerful court, is evenly split between Democrat- and Republican-appointed judges.
Purdue Pharma files new bankruptcy plan for $7.4 billion opioid settlement
Bankrupt drugmaker Purdue Pharma filed a new bankruptcy plan on Tuesday, a major step toward finalizing a proposed opioid ...
DOGE claims cost savings for Columbus bankruptcy court move planned years ago
DOGE says that they're saving $1.5 million a year on terminating a lease in downtown Columbus. But that office was already ...
Reuters28d
Restrictions on bankruptcy filings can be effective under appropriate facts
N.D. Ill. Jan. 6, 2025), the United States Bankruptcy Court for the Northern District of Illinois (Judge David D. Cleary) granted a secured lender's motion to dismiss a Chapter 11 case for cause ...
ABC News12d
Forever 21 stores could close by May, court filings show
Forever 21 has declared bankruptcy for a second time and expects to close over 350 stores in the United States and Puerto Rico by May 1, unless the business is purchased by a new buyer ...
New York Post25d
Popular Tex-Mex restaurant chain files for bankruptcy
filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Northern District of Georgia earlier this week after reportedly shuttering 40 locations. According to its ...
Fast Company26d
On The Border Tex-Mex chain joins list of bankrupt restaurants after closing locations across 24 states
In the press release announcing the bankruptcy filing ... there are 80 On The Border restaurants across the United States and South Korea. A court filing reveals that the majority of those ...