Vince Sullivan

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.

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.

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.

Real Estate Holding Co. Gets 3-Member Creditors Committee

DAMIS Holdings LLC, the bankrupt real estate holding company tied to a summer camp empire at the center of a complex Chapter 11 proceeding, will have a three-member official committee of unsecured creditors, according to the U.S. Trustee's Office.

Bankrupt soda ash miner Searles Valley Minerals received a favorable ruling Wednesday from a Delaware bankruptcy judge, who said the company can move forward with an all-asset sale process that would allow it to satisfy its air quality regulation obligations monetarily.

The owner of an Oklahoma apartment complex asked a bankruptcy judge on Tuesday to appoint a Chapter 11 trustee in the insolvency case of YSA Investments 1 LLC, saying ongoing litigation and questions about the debtor's prepetition conduct would benefit from an independent overseer.

The U.S. Senate passed the Bankruptcy Threshold Adjustment Act of 2026 by unanimous consent, taking steps to make permanent the higher debt limits that apply to small business and consumer debtors first implemented during the early days of the COVID-19 pandemic.

Insolvent solar panel installation company Freedom Forever told a Delaware bankruptcy court Friday it will seek conversion of its Chapter 11 case to a Chapter 7 liquidation and terminate most of its employees, after a proposed sale of assets to its CEO did not gain the approval of unsecured creditors.

Insolvent solar panel installation company Freedom Forever told a Delaware bankruptcy court Friday it will seek conversion of its Chapter 11 case to a Chapter 7 liquidation and terminate most of its employees, after a proposed sale of assets to its CEO did not gain the approval of unsecured creditors.