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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.

PRACTITIONER INSIGHTS

View More Insights

Bitcoin Halving Arrives in Murky Legal and Regulatory Waters

Dan Gibbons
Davis Polk

Guarding Trade Secrets During Layoffs Requires Quick Thinking

Melinda Haag
Paul Weiss

Microsoft’s Out-of-Box Thinking on AI Demands Full FTC Scrutiny

David Balto

Latest Stories

FTX to Auction Off More Solana This Week, Potential Bidders Say

The bankruptcy estate of the failed <-bsp-bb-link state="{"bbHref":"bbg://securities/1821506D%20US%20Equity","_id":"0000018f-0cb8-d583-afbf-cefc4a0d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">FTX cryptocurrency exchange plans to auction off another unspecified amount of <-rte-company state="{"_id":"0000018f-0cb8-d583-afbf-cefc4a0d0001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Solana tokens this week, according to people familiar with the sale.

By Olga Kharif

Uniti Group, Windstream Said to Near $15 Billion Combination

Uniti Group Inc. is in advanced talks to reunite with telecommunications provider <-rte-company state="{"_id":"0000018f-0cc7-d583-afbf-cedfb97a0001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Windstream in a merger that could be valued at up to $15 billion, including debt, according to people familiar with the matter. Uniti rose as much as 13%.

Perelman’s Vericast Tussles With Lenders Over Debt Terms of Sale

Ronald Perelman’s <-bsp-bb-link state="{"bbHref":"bbg://securities/664088Z%20US%20Equity","_id":"0000018f-0ca3-d583-afbf-ceff19c70002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Vericast Corp. is facing pushback from lenders over debt terms tied to plans to sell its digital and print marketing division to R.R. Donnelley & Sons Co., according to people with knowledge of the matter.

Venezuela Hires Rothschild as Adviser on Defaulted Debt Pile

<-rte-company state="{"_id":"0000018f-0c75-d583-afbf-cefd8fb50001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Venezuela’s government has hired <-rte-company state="{"_id":"0000018f-0c75-d583-afbf-cefd8fb50002","_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.

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.

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