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Bankruptcy Law News

Insurers Take on Victim Payouts in Supreme Court Bankruptcy Case

The Supreme Court on Tuesday will hear oral arguments in a dispute with significant implications for thousands of tort victims and hundreds of millions of dollars proposed settlements across several cases.

Crafts Retailer Joann Goes Bankrupt as Consumers Retreat

Fabric and crafts retailer <-rte-company state="{"_id":"0000018e-51eb-d509-adee-59fb774d0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Joann Inc. filed for bankruptcy, unable to sustain its debt load after a sales boom during pandemic lockdowns faded.

FTX Bankruptcy Trade Mints 200% Windfall and Sparks Legal Battle

Betting on the remains of FTX is lucrative—and complicated.

Fisker Pauses Production and Warns It May Seek Bankruptcy

<-rte-company state="{"_id":"0000018e-51cf-d509-adee-59dff57d0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Fisker Inc. is pausing production for the next six weeks as the electric-vehicle maker looks to rein in inventory and avoid possibly having to file for bankruptcy.

Kirkland Seeks Sanctions, Dismissal of Judge Romance Suit

Kirkland & Ellis moved to toss a lawsuit alleging it knew of a former Texas bankruptcy judge’s secret romantic relationship with a local attorney and wants its accuser and his lawyers slapped with sanctions.

Latest Stories

Warren Urges Powell to Cut Rates to Help Struggling Clean Energy

Senator Elizabeth Warren urged <-bsp-bb-link state="{"bbHref":"bbg://securities/13598Z%20US%20Equity","_id":"0000018e-5663-d509-adee-5ff3df570000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Federal Reserve Chair Jerome Powell to cut interest rates, saying the hikes have “completely tanked major renewable infrastructure projects across the country.”

Gol Says Management Has Opted to Withdraw Its 2024 Guidance

Management has opted to withdraw the disclosures of guidance for the year 2024 due to “the current scenario of the Company” which, on January 25, 2024, announced that it had voluntarily filed for Chapter 11 in the United States, Gol says in <-bsp-bb-link state="{"bbDocId":"SAKIG9BMTNUO","_id":"0000018e-560c-d509-adee-5fdddbca0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">filing.

DISTRESS WATCH: China Developers Face Investors; Altice Earnings

Editor’s Note: Welcome to Distress Watch, an exclusive, data-driven look at the most important events in the world of troubled credits. Each week, we’ll show you where stress is building or easing within credit markets worldwide as well as the emerging situations that are worth watching. Please send feedback to

Xplore Mulls Spinoff to Raise Cash for Fiber Network Projects

Canadian high-speed internet service provider <-bsp-bb-link state="{"bbHref":"bbg://securities/1994620D%20US%20Equity","_id":"0000018e-5390-d509-adee-5bd190bb0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Xplore Inc. has held talks about a possible breakup as it looks to raise cash to support fiber network projects, according to people familiar with the situation.

Oaktree-Backed STG Logistics Lenders Bring in Legal Counsel

Lenders to Oaktree Capital-backed <-bsp-bb-link state="{"bbHref":"bbg://securities/0517476D%20US%20Equity","_id":"0000018e-537f-d509-adee-5bff4d2a0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">STG Logistics organized with law firm <-bsp-bb-link state="{"bbHref":"bbg://securities/1128L%20US%20Equity","_id":"0000018e-537f-d509-adee-5bff4d2a0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Gibson Dunn & Crutcher for upcoming balance sheet talks, according to people with knowledge of the matter.

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