law360.com
A provider of broadband, wireless and telephone services to customers in rural Virginia and North Carolina filed for Chapter 11 protection Wednesday in Norfolk, Virginia, saying it owes $219 million to lenders and has a $92 million offer in hand for the purchase of its assets.
15 days ago
law360.com
A Delaware bankruptcy judge Thursday agreed to expedite a hearing on a summary judgment motion in bankrupt government contractor Noble Supply & Logistics' Chapter 11 adversary lawsuit against the Defense Logistics Agency, setting the hearing for Oct. 28.
28 days ago
law360.com
A Delaware bankruptcy judge terminated the litigation trustee appointed under the confirmed Chapter 11 plan of California resort developer SilverRock Development on Monday after hearing from creditors that more than $2.2 million had been transferred out of trust accounts in recent months.
about 1 month ago
law360.com
Entities that own high-speed rail network Brightline Florida received a New Jersey bankruptcy judge's permission Tuesday to obtain interim access to $190 million of Chapter 11 financing in an unconventional loan package involving a nondebtor that runs the railroad.
about 1 month ago
law360.com
Florida's Brightline rail service will continue operating during the Chapter 11 cases of its parent entities, as they pursue a restructuring of more than $1 billion of bond debt with the support of its creditors.
about 1 month ago
law360.com
Florida's Brightline rail service will continue operating during the Chapter 11 cases of its parent entities, as they pursue a restructuring of more than $1 billion of bond debt with the support of its creditors.
about 1 month ago
law360.com
A Delaware bankruptcy court Thursday agreed to enforce a Canadian court's reverse-vesting order in the Chapter 15 case of government technology company Thentia, finding the rule of comity weighs in favor of recognizing the $19.2 million transaction order even though it includes nonconsensual third-party releases normally barred in U.S. courts.
about 1 month ago
law360.com
A creditor that had joined in an involuntary Chapter 11 petition against cryptocurrency miner Mawson lost its bid for a judgment on the pleadings Tuesday in the former debtor's bankruptcy court lawsuit seeking payments of its fees and costs and damages against the creditor.
about 1 month ago
law360.com
Park Place Partners Development LLC, a real estate developer that formerly proposed building an Islamic community center near the World Trade Center site in Lower Manhattan, filed for Chapter 11 protection Tuesday in New York with about $14 million in debt.
2 months ago
law360.com
Bankrupt microbiome treatment company Finch Therapeutics received court approval for its Chapter 11 plan and disclosure statement Tuesday in Delaware after reaching agreements to resolve opposition to the proposal.
2 months ago
law360.com
Reorganized debtor US Magnesium has objected to the final fee application of its investment banker in Delaware bankruptcy court, saying the adviser miscalculated the fees it is owed by including transaction fees not covered by the parties' engagement agreement.
2 months ago