Tricolor Downfall Is Rare Straight-to-Chapter 7 for Big Business

The evidence of Tricolor’s high-speed collapse could be seen clearly inside the vehicles its customers entrusted it to repair—children’s backpacks and work laptops.

Bankrupt George Weiss to Sell Monet Painting for $36.5 Million

Bankrupt hedge fund founder George Allen Weiss is seeking court approval to sell an original Claude Monet painting to an undisclosed buyer for $36.5 million.

FTX Trust Sues Crypto Miner Genesis Digital Over $1.15 Billion

An FTX trust sued Bitcoin mining company Genesis Digital Assets Ltd. to claw back $1.15 billion it says was fraudulently transferred by the fallen cryptocurrency exchange’s co-founder, Sam Bankman-Fried.

Mark Perlbinder’s Trustee Moves to Dismiss Developer Bankruptcy

The trustee of New York real estate developer Mark Perlbinder’s irrevocable trust asked a bankruptcy court to dismiss his Chapter 11 case, arguing he filed it to obstruct state court proceedings.

Spirit Airlines Cuts Deal to Gain Cash, Reduce Fleet Size

Spirit Aviation Holdings Inc. signed a tentative deal with its biggest aircraft lessor to give back planes it is not flying, reduce an order it previously placed for new aircraft and collect cash the bankrupt airline can use to reorganize.

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.

Latest Stories

US Readies $20 Billion Rescue to Help Milei Win in Argentina

The US plans to extend a $20 billion swap line to Argentina and is ready to buy the country’s foreign bonds, providing much-needed financial support to President Javier Milei as he tries to regain investor confidence and stem a run on the peso.

Aleon Asset Sale to Lenders Opposed by Texas Environmental Unit

Bankrupt Aleon Metals LLC’s proposed sale of its assets to a group of its lenders should be rejected because it includes key environmental permits and rights to a crucial conservation trust that can’t be purchased, a Texas environmental agency said.

Letitia James Mortgage Fraud Probe Is Moving Ahead at DOJ

The US Justice Department is pushing ahead with its investigation of New York Attorney General Letitia James over mortgage fraud allegations after President Donald Trump demanded the case move forward, according to people familiar with the matter.

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