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Commercial Bankruptcy

Bradley Arant Boult Cummings LLP

Insurance – Texas Style, Part 2: Stowers Liability and Bankruptcy

This is the second in a series of discussions about insurance issues unique to the Lone Star State. Both bankruptcy and the ability for a policyholder to assign its first-party, bad-faith claim against its insurer can be...more

Lowenstein Sandler LLP

Azul Provides Some Color on Opt-Out Releases and Indenture Trustee Fees in the Southern District of New York

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Since the 2024 ruling in Harrington v. Purdue Pharma (Purdue), where the Supreme Court held that the Bankruptcy Code does not authorize nonconsensual third-party releases, courts around the country have grappled with whether...more

Mintz - Bankruptcy & Restructuring Viewpoints

2025 Bankruptcy Roundup: Rising Filings and Evolving Dynamics

Bankruptcy activity across the United States increased noticeably in 2025, marking one of the sharpest rises in more than a decade and reflecting mounting financial pressure on businesses and individuals alike. While the...more

Buchalter

Saks Global Seeks Chapter 11 Protection a Year After Neiman Marcus Deal

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On Tuesday, January 13, 2026, Saks Global Enterprises LLC and Luxury Outlets USA, LLC, along with approximately 113 corporate affiliates, filed chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the...more

Ropes & Gray LLP

Distressed Debt Legal Insights - STG Logistics' LMT Litigation

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Welcome to Distressed Debt Legal Insights, Ropes & Gray’s source of timely insights for professionals navigating the complex world of liability management and special situations finance. In this issue we discuss the first...more

Stark & Stark

Bankruptcy Watch List - Ten (10) Retailers to Watch for a Possible Bankruptcy in 2026Retailers to Watch for a Possible Bankruptcy...

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With a quarter of this century behind us, we enter 2026 with hope and optimism for the new year. However, there are a variety of issues many retailers are grappling with, including a high debt load, how to use AI, shrink,...more

Cadwalader, Wickersham & Taft LLP

Cooperation Agreements Under Fire: Two New Lawsuits Allege Creditor Coordination Violates Antitrust Laws & Breach Contractual...

Case Law on Joint Negotiation by Creditors and General Antitrust Principles Provide Guidance for the Development of Cooperation Agreements...more

ArentFox Schiff

Determining ‘Termination’: Calculating Lease Rejection Damages in Bankruptcy

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Bankruptcy law provides special treatment for landlord claims arising from termination of a lease, using a calculation set forth in Section 502(b)(6) of the Bankruptcy Code. The starting point for the calculation is to...more

Benesch

The Cloud Over Third-Party Releases in the Southern District of New York

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Third-party releases are a common and important component of plans of reorganizations. Key bankruptcy case constituencies have historically relied upon third-party releases as a way to mitigate the risk of post-bankruptcy...more

Cadwalader, Wickersham & Taft LLP

Not All Things Are Sacred: District Court Finds Wecso Aircraft Uptier Transaction is Lawful

On December 8, 2025, Judge Randy Crane of the U.S. District Court for the Southern District of Texas reversed the bankruptcy court’s decision in Wesco Aircraft, and held that a pre-bankruptcy uptier transaction did not...more

Patterson Belknap Webb & Tyler LLP

Judge Blasts Defendant For Ignoring Discovery Obligations and More (UPDATED)

A recent decision by Bankruptcy Judge Brendan Shannon was peppered with some harsh words for a defendant in an adversary proceeding. Judge Shannon said the party’s “failure to perform basic discovery responses and...more

Morrison & Foerster LLP

2025 Year in Review: Key Trends in Cross-border Restructuring and What’s Next in 2026

When Texas-based McDermott International obtained chapter 15 recognition (in the Southern District of Texas, no less) of UK and Dutch plans to restructure both its funded debt as well as trade and litigation claims—in what...more

Bennett Jones LLP

Alberta Court of Appeal Clarifies PPSA Priorities in Insolvency Sales

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When a professional corporation operates with equipment owned personally by its director, how do secured creditors assert priority over proceeds from a receivership sale? A recent Alberta Court of Appeal decision in Royal...more

Smith Debnam Narron Drake Saintsing & Myers,...

Navigating the High-Stakes Terrain of Commercial Bankruptcy Litigation: Common Pitfalls and How to Avoid Them

There are two (2) main procedural avenues for the resolution of disputes in a bankruptcy case: contested matters and adversary proceedings. Contested matters are typically resolved through motions practice in the main...more

Troutman Pepper Locke

Selling a Distressed Asset — PE Pathways Podcast

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This is the second episode in our series on private equity and distressed assets with attorneys from our Bankruptcy + Restructuring and Private Equity practice groups. In this episode, Private Equity Partner Thao Le is...more

Offit Kurman

2025 WRAPPED

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2025 is nearly in the books, but before we turn the page, we’re taking a step back to reflect on some overlooked lessons from the bankruptcy courts. We’ve combed through the year’s rulings and selected three cases that merit...more

Seward & Kissel LLP

The What’s News Top Ten of 2025

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In 2025, we offered our takes on the most newsworthy stories in bankruptcy law. Here are the ten posts that got the most attention from our readers. ...more

ArentFox Schiff

Saks Bankruptcy Watch: Holiday Retail Surge, Luxury Vendor Risks, and a 2026 Survival Guide

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The 2025 holiday retail shopping season is nearly a wrap. Consumers will be on the hunt for year-end discounts, and gift card purchases likely will surge over the coming days....more

Arnall Golden Gregory LLP

Restructuring Roundup - December 2025

AGG’s Restructuring Roundup newsletter is a monthly update of legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a curation of published articles and news, and contains...more

Patterson Belknap Webb & Tyler LLP

Federal District Court Ruling Upholds Uptier Transactions

Federal District Judge Randy Crane recently issued a written decision in Wesco Aircraft Holdings, Inc. v. SSD Invs. Ltd., validating Wesco’s 2022 uptier exchange transactions and reversing a ruling by Bankruptcy Judge Marvin...more

Kaufman & Canoles

K&C Sports & Entertainment Law Weekly Roundup - December 2025 #4

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DraftKings’ prediction markets went live on Friday, bringing sports event contracts to 17 states that haven’t legalized sports betting, including California, Texas, and Florida....more

Fox Rothschild LLP

Christmas Tree Shops: Unwrapping the Delaware Court’s Gift for Pleading the Preference Due Diligence Requirement

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If your holiday to‑do list includes lights, cocoa, and some year‑end legal news, here’s a little stocking stuffer for you. In a recent decision from the United States Bankruptcy Court for the District of Delaware, Judge...more

McDermott Will & Schulte

Transatlantic restructuring trends: What to expect in 2026

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It has been a tumultuous year, with modest economic growth with a continuing steady flow rather than a new wave of restructurings. Tariffs, layoffs, and industry-specific structural weaknesses are projected to constrain US...more

Ropes & Gray LLP

Distressed Debt Legal Insights - District Court Reverses Wesco Ruling

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Welcome back to Distressed Debt Legal Insights, Ropes & Gray’s source of timely insights for professionals navigating the complex world of liability management and special situations finance....more

Seward & Kissel LLP

Release Stress, Maximizing Value (City), and More Color

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Azul wins court nod for debt restructuring, American and United to invest | Reuters - Last Friday, a U.S. bankruptcy judge approved the Brazilian airline’s restructuring plan, which includes an equity rights offering as...more

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