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Bankruptcy Law News

Small-Business Bankruptcy Rules Offer Creditors a Boost, Too

A popular bankruptcy law meant as a boon to small businesses is also helping their creditors.

WeWork Creditors Demand Company Negotiate with Potential Buyers

Coworking giant <-rte-company state="{"_id":"0000018f-0673-d583-afbf-c6ff3dbc0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">WeWork Inc. should be forced to negotiate with potential buyers, possibly including co-founder Adam Neumann, as well as given a 30-day deadline to come up with a plan to exit bankruptcy, a panel of lower-ranking creditors said in a court filing.

Senate-Passed Bill on Judgeships Aims to Help Overworked Courts

Bipartisan legislation passed by the Senate to make all existing temporary trial court judgeships permanent amid judicial staffing concerns would help stabilize the judiciary in several states, lawmakers supporting the bill said.

Chambers’ Revenue Model Tests Law Firms’ Appetite for Exposure

Chambers & Partners faces the challenge of delivering revenue growth that justifies the lofty price its private-equity owner paid to acquire it in November. That largely revolves around selling advertising and research products to the same lawyers it reviews.

Alex Jones-Tied Vendor Says Infowars Owes It Another $6 Million

An Alex Jones-related company that sold dietary supplements he promoted to his Infowars audience asked a bankruptcy court for a judgment saying that $6.3 million in debt is secured and can’t be voided via bankruptcy.

Latest Stories

Silver Point Hires Goldman’s Brockett for Private Credit Push

<-bsp-bb-link state="{"bbHref":"bbg://securities/700428Z%20US%20Equity","_id":"0000018f-0c4c-d583-afbf-cedc1eb50000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Silver Point Capital has recruited <-bsp-person state="{"_id":"0000018f-0c4c-d583-afbf-cedc1eb50001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Charles Brockett from Goldman Sachs Group Inc. as a managing director on its capital markets team.

Goldman Talks With Private Credit for Beyond Meat Capital

Goldman Sachs Group Inc. has held conversations with private credit lenders to help shore up <-rte-company state="{"_id":"0000018f-0bf9-d583-afbf-cbfdbab30001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Beyond Meat Inc.’s liquidity, according to people with knowledge of the matter.

PE Hospital Leasebacks Raise Antitrust Issues, FTC’s Khan Says

The common practice by private equity firms of buying hospitals only to sell off the real estate and lease it back to the facility raises potential competition concerns, <-bsp-bb-link state="{"bbHref":"bbg://securities/13362Z%20US%20Equity","_id":"0000018f-0bd9-d583-afbf-cbddad4c0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Federal Trade Commission Chair <-bsp-person state="{"_id":"0000018f-0bd9-d583-afbf-cbddad4c0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Lina Khan said Tuesday.

JetBlue Tumbles Most Since 2020 on Latin America Misstep

<-bsp-bb-link state="{"bbHref":"bbg://securities/JBLU%20US%20Equity/BICO","_id":"0000018f-0b39-d583-afbf-cbfd81d70000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">JetBlue Airways Corp.’s shares fell the most since the early days of the pandemic after the carrier forecast worse-than-expected sales this quarter, blaming excess flying capacity in the critical Latin America market.

JetBlue Shares Sink, Look to Test Bottom of Range Support

Potential support zone today at bottom of range ($6.28-$6.45); <-bsp-bb-link state="{"bbHref":"bbg://screens/G%20NEWS4%2032213.","_id":"0000018f-0b1e-d583-afbf-cbde00740000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">chart

Ecuador Examining New Debt-for-Nature Swaps: Reuters

Ecuador is considering two possible options for debt swaps, including one tied to protecting parts of the Amazon rain forest, Reuters <-bsp-bb-link state="{"bbDocId":"SCEAP0MB2SJO","_id":"0000018f-0b07-d583-afbf-cbdf1b4e0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">reports, citing people familiar with the matter.

Shale Producer EQT Boosts Texas LNG Project With New Supply Deal

Shale producer <-bsp-bb-link state="{"bbHref":"bbg://securities/EQT%20US%20Equity/CN%20BN","_id":"0000018f-0af0-d583-afbf-cafc465d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">EQT Corp. has signed a supply agreement with a proposed Texas liquefied natural gas export project that would see it take half of the plant’s capacity.

Venezuela Hires Rothschild as Adviser on Defaulted Debt Pile

<-rte-company state="{"_id":"0000018f-0b2b-d583-afbf-cbffc8b80000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Venezuela’s government has hired <-rte-company state="{"_id":"0000018f-0b2b-d583-afbf-cbffc8b80001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Rothschild & Co. as a financial adviser to provide an overview of its foreign debt obligations, according to people familiar with the matter.

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