Dr. Phil Media Venture Will Shift to Trustee-Run Liquidation

The bankruptcy of Dr. Phil McGraw’s fallen media venture will be taken over by an independent trustee after a judge found the daytime television host intentionally destroyed a key text message, then denied it under oath in court.

New Fortress Energy Mulls UK Restructuring Over Chapter 11

Wes EdensNew Fortress Energy Inc. is considering restructuring its debt through a UK process known as a scheme of arrangement, according to people familiar with the situation.

Bankrupt ModivCare’s Junior Creditors Object to $25 Million Deal

Bankrupt ModivCare Inc.'s junior creditors oppose a $25 million settlement between the medical transportation company and its largest customer, saying it isn’t clear whether the termination of their relationship will be final, which could disadvantage creditors.

Brooklyn Mirage Lenders Sue Axar Over Alleged Financial Omission

Merchant cash advance lenders for bankrupt New York City live music venue owner Avant Gardner sued three board members and distressed debt fund Axar Capital Management LLC over alleged misrepresentations of the company’s financial condition.

Bankruptcy Judge to Rule Soon on Gordon Rees AI Sanctions Case

An Alabama judge overseeing Jackson Hospital & Clinic’s bankruptcy said he’ll soon rule on possible sanctions against Gordon Rees Scully Mansukhani and attorney Cassie Preston over violations tied to court filings with fabricated AI-generated citations.

Spotlight on Judge David R. Jones

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

Texas Two-Step: Jones Day's Tactic to Evade Mass Tort Liability Through Bankruptcy

Through the legal tactic, known as the Texas Two-Step, corporations have been able to use bankruptcy to avoid mass tort liability. In this video we look at how it works, the reasons why plaintiffs' attorneys hate it, the reasons that companies and their lawyers use it, and how courts have ruled on it so far.

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