Bankruptcy Law News

Prison Health Company Bankruptcy Poses Hurdles for Inmates

A distressed prison health-care company is forcing complex corporate bankruptcy machinations onto inmates, a group with limited access to legal information.

Fourth Circuit Denies Speedy Appeal for Asbestos ‘Two-Step’ Case

Plaintiffs fighting Trane Technologies Plc’s attempt to use bankruptcy to resolve asbestos liabilities lost their bid for a fast-tracked appeal challenging the legality of the maneuver.

Small Businesses Included in Debt Discharge Limits, Court Says

Company debtors taking advantage of a 2019 federal provision meant to ease small business bankruptcy filings remain subject to an older bankruptcy rule that prohibits certain debts from being discharged, the Fifth Circuit said Wednesday.

IRS Liens Apply to Bankrupt Tax Debtor’s Jointly Owned Residence

A tax debtor can’t exempt the home he owns jointly with his wife from being leveraged in bankruptcy proceedings to pay the IRS, the Fourth Circuit affirmed Wednesday.

Purdue Approved for Up to $7.2 Million in Executive Bonuses

Purdue Pharma won a bankruptcy judge’s approval to pay up to $7.2 million in bonuses to three top executives.

PRACTITIONER INSIGHTS

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

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SEC Attorneys, Even in a Pinch, Must Avoid Misstatements in Court

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Crypto’s Counteroffensive Suits Underscore Need for Regulation

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Rutgers Law School

Latest Stories

Venezuela, Vietnam Sign Oil, Petrochemical Deals

(Updates with Maduro’s comments on April deals in fifth bullet.)

By Fabiola Zerpa

California Sees Two More Property Insurers Exit From Market

California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone state entirely starting in July.

EyeCare Partners Nears Deal for Debt Exchange, New Financing

<-bsp-bb-link state="{"bbHref":"bbg://securities/1669618D%20US%20Equity","_id":"0000018e-f307-d583-afbf-f3dfeae20000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">EyeCare Partners LLCis nearing a deal that would slash its debt load while also providing it with fresh money from a group of creditors, according to people with knowledge of the situation.

Community Health to Sell Tennessee Hospital for $160m

Community Health Systems said it will sell its Tennessee hospital Tennova Healthcare – Cleveland to Hamilton Health Care System for $160m in cash.

Lawmakers Seek Bankruptcy Law Changes for Child Sex Abuse Cases

Childhood victims of sex abuse would be given more tools to navigate the complexity of bankruptcies under a bipartisan proposal from House lawmakers.

Troutman Pepper, Locke Lord Discuss a New $1.5 Billion Firm

Troutman Pepper Hamilton Sanders and Locke Lord are discussing a merger that would place the combined firm among the 30 largest by revenue, boosting the operation’s ability to compete with large rivals.

Rite Aid Delays Key Hearing on Bankruptcy Exit, Deal to Cut Debt

Drug store chain <-rte-company state="{"_id":"0000018e-f247-d583-afbf-f2dfb67e0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Rite Aid Corp. put off a key court hearing in order to complete a deal that would cut $2 billion in debt, resolve lawsuits related to opioid prescriptions and end the company’s six-month-old bankruptcy.