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Commercial Bankruptcy Chapter 7

Holland & Knight LLP

2025 Aviation Bankruptcy Update

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In keeping with the past five years, 2025 has continued to be an active time for airline restructurings and liquidations. The two largest U.S. aviation Chapter 11 proceedings that commenced during 2024, Spirit Airlines and...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

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

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

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

Bradley Arant Boult Cummings LLP

The Impact of Jarkesy on the Right to a Jury in Bankruptcy Proceedings

A recent Supreme Court case has brought a long-standing question in bankruptcy practice back to the fore: When do parties have the right to a jury trial? In the summer of 2024, the Supreme Court decided Securities and...more

Jones Day

Iowa District Court: Avoidance Claims Cannot Be Encumbered by Pre-Bankruptcy Liens

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Causes of action for avoidance and recovery of preferential, fraudulent, or unauthorized transfers often are a means of generating value for the benefit of the estate and creditors in a bankruptcy case. For this reason, many...more

Foley Hoag LLP - Cannabis and the Law

Intoxicating Hemp Companies Facing the Ban Should Consider Federal Bankruptcy Relief Early

The “loophole” that for years exempted intoxicating hemp from the prohibitions of the Controlled Substances Act (“CSA”) is set to close on November 13, 2026, following the federal ban enacted earlier this month. Companies...more

Seward & Kissel LLP

Bonvoy-age Sonder and Purdue Conphirmation

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Airbnb rival Sonder Holdings to file for bankruptcy after Marriott ends partnership | Business Insider - Guests were ejected from ongoing bookings as Marriott made the announcement on Sunday....more

Falcon Rappaport & Berkman LLP

Bankruptcy Court Grants In Rem Relief to Creditor, Strengthening Protections Against Serial Bankruptcy Filers

In a recent decision that reinforces creditor protections against serial bankruptcy filers, the United States Bankruptcy Court for the Eastern District of California granted in rem stay relief under Section 362(d)(4) of the...more

Seward & Kissel LLP

Lacking Merit and First Watch

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Dr. Phil Loses Trial Over His Media Startup’s Bankruptcy | The Hollywood Reporter - The case will proceed as a Chapter 7 liquidation after a U.S. bankruptcy judge rejected McGraw’s bid to keep it in Chapter 11....more

Falcon Rappaport & Berkman LLP

Commercial Bankruptcy Filings Surge in July 2025

Newly released data shows a significant rise in bankruptcy filings across the U.S., with commercial businesses seeing some of the steepest increases....more

Seward & Kissel LLP

Sub-Prima Lender, The Heritage Club, and Big Headache

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Subprime lender PrimaLend Capital Partners files for bankruptcy protection | Reuters - Reports from Bloomberg News had revealed that the company’s creditors were going unpaid for months....more

Nelson Mullins Riley & Scarborough LLP

Post-Purdue Clarity: Narrow Readings of Settlement Bar Orders Under Section 105(a)

In Harrington v. Purdue Pharma L.P., the Supreme Court issued a landmark ruling holding that “the bankruptcy code does not authorize a release and injunction that, as part of a plan of reorganization under Chapter 11,...more

Nelson Mullins Riley & Scarborough LLP

Small Wonder: AI and Common Bankruptcy Questions

As a kid growing up in the 1980s, I was exposed to legendary, cutting-edge artificial intelligence, such as KITT from Knight Rider, C-3PO and R2-D2 from Star Wars, Vicki from Small Wonder, and, of course, the unforgettable...more

Ward and Smith, P.A.

Depositor's Remorse: How a Million-Dollar Deposit Became Bankruptcy Estate Property

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In Chapter 7, more money in the estate means more money for creditors. In a decision this year by the Fourth Circuit Court of Appeals, In re Star Development Group, LLC, a debtor tangled with a Chapter 7 Trustee over a $1...more

J.S. Held

The Case for Out-of-Court Winddowns

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When a business faces insolvency, the path forward is rarely straightforward. Should the company file Chapter 11 in hopes of reorganizing? Should it liquidate under Chapter 7? Would an assignment for the benefit of creditors...more

McDermott Will & Schulte

When insureds and intermediaries file for bankruptcy: What insurers should know

Recent economic news reports have highlighted increasing inflation rates, rising unemployment numbers, and growing consumer credit delinquencies. Other factors, including medical and student loan debt, may add to the...more

Offit Kurman

When the Subsidiary Fails: Litigation Risks for Officers and Directors of Parent Companies

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A recent decision in an adversary proceeding in Delaware, arising from the Chapter 7 liquidation of Rosetta Genomics, Inc., serves as a cautionary tale for corporate officers and directors — especially those of parent...more

Cadwalader, Wickersham & Taft LLP

Seeing Red Flags in Tricolor: A Colorful Lesson on Collateral Interests

Tricolor Situation Overview - Tricolor Auto Acceptance, LLC (“Tricolor”), founded in 2007, is a “buy here-pay here” (“BHPH”) subprime auto finance company. This means that it is both an auto dealer and an auto finance...more

Cornerstone Research

Mega Bankruptcies Surge in First Half of 2025 with Inflation, Interest Rates, and Public Policy Uncertainty Cited as Key Drivers

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Large corporate bankruptcy filings increase for third consecutive year as out-of-court restructurings through liability management transactions reach record highs. The elevated pace of large corporate bankruptcy filings that...more

Schwabe, Williamson & Wyatt PC

Bankruptcy Overview and Best Practices

In light of current economic indicators and the potential for an increase in financial distress, this article is intended to serve as a general resource regarding financial restructurings, workouts, insolvency, and...more

Troutman Pepper Locke

What Happens to My Unpaid Wages if My Employer Files for Bankruptcy? - Creditor’s Rights Toolkit

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When a company files for bankruptcy, it can be an unsettling time for the company's employees who may worry about job and financial security, including unpaid wages and employee benefits. While these concerns are legitimate,...more

Arnall Golden Gregory LLP

Restructuring Roundup - July 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

Troutman Pepper Locke

How Are Stakeholders Affected When a Case Converts From Chapter 11 to Chapter 7?

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The Bankruptcy Code provides that a debtor may voluntarily convert its case from Chapter 11 to Chapter 7 unless a Chapter 11 trustee has been appointed, the case was commenced involuntarily, or the case had previously been...more

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