A recent decision from the U.S. Bankruptcy Court for the Northern District of Texas illustrates that aggressive lender action can lead to “lender liability” in a loan workout.

The long-running bankruptcy reorganization filed by the Archdiocese of Santa Fe to deal with clergy abuse claims has reached a pivotal stage, with all parties' sides entering what could be a final mediation session this week.

The Russian stock market opened Thursday for limited trading under heavy restrictions for the first time since Moscow invaded Ukraine, coming almost a month after prices plunged and the market was shut down as a way to insulate the economy.

In October 2019, several contractors claimed that GenCanna, a hemp processor and CBD product manufacturer based in Winchester, Kentucky, owed them $13 million. Creditors filed claims against GenCanna and multiple lawsuits followed, which led to the company's bankruptcy filing.

Harm Reduction Therapeutics (HRT) will receive up to $11 million of additional financial support from Purdue Pharma L.P. to advance its development of a low-cost, over-the-counter (OTC) naloxone nasal spray in the United States. Naloxone is an opioid antagonist rescue medication used to reverse the effects of a life-threatening opioid overdose.

Jekyll & Hyde Club, a New York restaurant popular with tourists for its horror-themed food and shows, filed for bankruptcy.

A Fort Myers woman was sentenced to five years probation in a case involving bankruptcy fraud and embezzlement. Heather Lynn Pratt, 32, was sentenced Tuesday in the U.S. District Court for the Northern District of West Virginia after she pleaded guilty in April 2021 to one count of “fraudulent concealment of bankruptcy assets.”

A trustee for the federal bankruptcy court is attempting to claw back more than $105 million from the family behind shuttered metro Detroit furniture empire Art Van Furniture — and the estate of late founder Art Van Elslander.

Firefly Aerospace’s roller coaster ride could soon send the rocket startup to the public market via a merger with a special purpose acquisition company, a recent filing with the FCC suggests.

A bankruptcy court judge approved the sale of a Los Angeles mega-mansion for $141 million, after objections that the price wasn’t high enough to compensate creditors.

AGG's Bankruptcy, Creditors' Rights, & Financial Restructuring team provides valuable knowledge and experience in the areas of commercial debt restructuring, settlements, bankruptcy trusteeships, fiduciary work, and bankruptcy and creditors’ rights litigation. The group represents debtors, secured and unsecured creditors, equity security holders, indenture trustees, creditors’ committees, purchasers of insolvent companies, bankruptcy trustees, and examiners.