Bankruptcy Law News

Judge Kaplan on NJ Bankruptcy Court Getting Its Due: Q&A

Chief New Jersey bankruptcy judge Michael B. Kaplan talks about why he thinks his state is finally getting its due in the corporate bankruptcy world, how he approaches his job, and how the district is grappling with an ongoing rise in Chapter 11 cases.

Old Dominion Freight Line Bids $1.5 Billion for Yellow Terminals

Trucking company Old Dominion Freight Line Inc. has offered $1.5 billion to acquire Yellow Corp.’s portfolio of terminals out of bankruptcy, more than a previous offer from Estes Express Lines.

Insys Founder Should Repay $5.9 Million, Bankruptcy Judge Says

Insys Therapeutics founder John Kapoor should repay the nearly $6 million that the company advanced to him for his criminal defense, a federal bankruptcy judge said.

Senior-Living Operator Files for Bankruptcy Due to Pandemic

A senior-living company filed for bankruptcy this week after it exhausted an emergency loan, the latest to falter because of Covid-19.

Party City’s Anagram Skips Interest Payment on Secured Notes

Anagram, Party City Holdco Inc.’s balloon manufacturing affiliate, skipped an interest payment on its first-lien notes and entered into a forbearance agreement with creditors, according to a regulatory filing.

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Latest Stories

Sinclair Wants to Speed-Up Separation From Diamond Sports

Sinclair Broadcast Group Inc. told a court it wants a faster breakup from its bankrupt sports broadcasting unit after the company was accused of draining more than $1.5 billion from the subsidiary.

By Jonathan Randles

Kenvue to Replace Advance Auto Parts in S&P 500

Kenvue will replace Advance Auto Parts in the S&P 500, S&P Dow Jones Indices said in a statement.

Proxy Firms Urge Vote Against DHC, OPI Merger

Flat Footed, owner of about 9.8% of Diversified Healthcare Trust (DHC), said independent proxy advisory firms ISS, Glass Lewis, and Egan-Joneshave recommended DHC holders vote against the proposed merger with Office Properties Income Trust at the August 30 special meeting.

San Francisco Archbishop Goes Bankrupt to Settle Sex Abuse Suits

The Roman Catholic Archbishop of San Francisco has filed for bankruptcy in an effort to settle more than 500 child sex abuse lawsuits, becoming the latest religious organization driven to bankruptcy by a wave of sex abuse ligation.

Roman Catholic Archbishop of San Francisco Files for Chapter 11

The Roman Catholic Archbishop of San Francisco said it filed a voluntary petition for bankruptcy relief under chapter 11 of the U.S. Bankruptcy Code.

LibreMax’s Main Fund Gains 6% After Volatile First Half of 2023

LibreMax Capital’s main fund notched returns of roughly 6% through July this year, according to a person familiar with the matter, after betting on asset-backed securities and rotating out of commercial and residential mortgage debt and collateralized loan obligations.