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News and information on bankruptcy and bankruptcy law
By Dan Roe | February 6, 2024
The crypto lender emerged from Chapter 11 at the end of January, with former customers receiving bitcoin, stock in a bitcoin mining operation and the rights to legal claims against founder Alex Mashinsky.
5 minute read
By Jay Steinman and Karina Leiter | February 6, 2024
Anticipating the fallout from potentially billions of dollars in distressed loans, lenders must be on high alert. Drawing from lessons learned in the last two historical downturns, where we witnessed unprepared lenders face severe consequences, it is imperative for lenders and financial institutions to act now.
7 minute read
By Alexander Lugo | February 5, 2024
"It has taken some education or orientation by the bankruptcy legal community to see the value of it, but it caught on fast," said Soneet Kapila, president of the American Bankruptcy Institute.
3 minute read
By Lawrence J. Kotler and Ryan Spengler | February 2, 2024
In In re Kojima, the U.S. District Court for the Central District of California (the court) affirmed a bankruptcy court's order approving a Chapter 7 trustee's proposed settlement of cannabis-related state court claims held by creditors of the estate.
7 minute read
By Ellen Bardash | February 2, 2024
Bankruptcy experts are now expecting to see a steady stream of Chapter 11 filings continue throughout 2024, though not with a year-over-year jump like 2023's.
3 minute read
By Ellen Bardash | February 1, 2024
Bankruptcy experts are now expecting to see a steady stream of Chapter 11 filings continue throughout 2024, though not with a year-over-year jump like 2023's.
3 minute read
By Dan Roe | January 31, 2024
The average Am Law 50 firm upped its rates by 8% to 10% in 2024, according to bankruptcy records.
3 minute read
By Patrick Smith | January 29, 2024
The firm continues to be bullish on restructuring, almost two years after its raid of Stroock.
2 minute read
By Andrew Maloney | January 24, 2024
The move comes as Am Law 100 firms saw billable hours in bankruptcy grow by nearly 7% last year.
5 minute read
By Andrew Maloney | January 24, 2024
The move comes as Am Law 100 firms saw billable hours in bankruptcy grow by nearly 7% last year.
5 minute read
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