Bloomberg Law

Healthcare Bankruptcy Spike Underscores Unique Vulnerabilities

Healthcare bankruptcies have recently spiked as labor shortages and rising interest rates neutralize an industry boost once fueled by the government’s pandemic aid.

Slot Machine Operator Lucky Bucks Files for Chapter 11 in US

Gaming operator Lucky Bucks LLC filed for Chapter 11 bankruptcy in Delaware, listing liabilities up to ten times the amount of its assets.

Virgin Orbit Moves Closer to Winding Down With Bankruptcy Plan

Virgin Orbit Holdings Inc. has received conditional approval to solicit votes for its bankruptcy plan, bringing it one step closer to winding down operations through the court process.

Bittrex’s Customer Account Withdrawal Bid Is Opposed by Justice

The Justice Department challenged bankrupt crypto exchange Bittrex Inc.'s court request to honor customer withdrawals of cash and digital assets, saying the move would lead to premature creditor distributions while harming the government’s ability to recover $29.3 million in settlement funds.

FTX’s US Judge Vows to Keep Control of Crypto in Blow to Bahamas

The federal judge overseeing the bankrupt crypto firm FTX vowed to retain control over $7.3 billion in disputed assets, a potential setback for liquidators in the Bahamas seeking to claim to some of the money as part of a separate insolvency case on the island nation.

Latest Stories

Crestview Partners-Backed Accuride Sees Earnings Surge in 1Q

Accuride Corp. posted a nearly 2% revenue jump and more than tripled its adjusted earnings in the first quarter, after lenders consented to an amendment to extend maturity of its term loan last month, according to people with knowledge of the situation.