Not Just COVID, Rapid Expansion Drove CareMax's Ch. 11
Pressures from rising operational costs, the lingering effects of the COVID pandemic, and inflation have all contributed to CareMax Inc.'s recent filing for Chapter 11, but it also found itself in a challenging healthcare environment that made it difficult for the company specializing in senior care to keep up with its rapid expansion.
Meet The Attorneys Directing Film Finances' Ch. 11 Case
Global movie production services company Film Finances Inc. is using lawyers from boutique insolvency firm Levene Neale Bender Yoo & Golubchik LLP and Wilmington-based Bayard PA to direct its course through bankruptcy in Delaware.
Behind Prison Health Co. Wellpath's Ch. 11
Wellpath Holdings Inc., one of the largest companies that provide healthcare services to incarcerated individuals in the U.S., recently hit Chapter 11 in Texas with more than $1 billion in debt, saying it was dragged down by rising costs, lawsuits brought by its patients and a heavy debt load despite raking in $2 billion in revenue in 2023.
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Lawmakers in the U.S. Senate this week renewed efforts to pass two bankruptcy bills that would bolster rights for employees and crack down on the controversial use of so-called Texas two-step bankruptcies.
The Third Circuit on Thursday affirmed a ruling paving the way for ConocoPhillips' participation in an auction for control of the U.S. oil giant Citgo to enforce an $8.5 billion debt against Venezuela.
A Delaware bankruptcy judge has approved a deal to settle clawback claims by FTX against former Alameda Research Ltd. executive John Samuel Trabucco, who agreed to hand over two San Francisco apartments purcha... (more story)
Company bosses and their insurers could face increased claims next year from a predicted rise in corporate insolvencies and class actions, Allianz warned Thursday.
The Commonwealth of Pennsylvania has until Monday, Dec. 9, to secure additional funding to cover a hospital's operating losses as it seeks to negotiate a sale from bankrupt hospital operator Steward Healthcare... (more story)
The Chapter 11 trustee overseeing Chinese exile Miles Guo's bankruptcy in Connecticut says Boies Schiller Flexner LLP should not be allowed to move a nearly $654,000 clawback action from bankruptcy court to di... (more story)
An investment company on Wednesday found itself before the Fifth Circuit having to justify paying $7.7 million for allegedly undelivered services from an affiliate, as it appeals a $2.6 million bill it got hit... (more story)
The lead Connecticut attorney in Infowars host Alex Jones' Sandy Hook defamation trial should be suspended for 30 days for directing a subordinate to transmit the victims' personal medical records to other Jon... (more story)
A Delaware bankruptcy judge on Wednesday said he would approve a settlement between Avon Products Inc. and Brazilian parent company Natura that clears the way for the beleaguered cosmetics giant to sell itself... (more story)
Brazilian cement supplier InterCement has filed a petition for judicial reorganization in that country's bankruptcy court after more than a year of restructuring efforts and a July Chapter 15 filing in New York.
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A Delaware bankruptcy judge said Thursday he would confirm the Chapter 11 plan from light-sport aircraft producer Icon after the debtor settled with a group of shareholders that sued the company in derivative litigation.
A Delaware bankruptcy judge on Thursday instructed Vintage Wine Estates and its lenders to sit down with a mediator to resolve their differences over the funding for the wine producer's Chapter 11 case.
The former CEO of solar power company iSun is asking a Delaware bankruptcy judge to reject the company's proposed Chapter 11 plan, saying it fails to provide for payment of priority claims, including his own d... (more story)
Lowenstein Sandler LLP has persuaded an Essex County Superior Court judge to recuse himself from the firm's $800,000 fee suit against a cannabis dispensary over social connections to the litigants and their co... (more story)
A Texas bankruptcy judge Wednesday signed off on a timeline to confirm the prepackaged debt-for-equity Chapter 11 plan of oil and gas contractor Independence Contract Drilling, saying he'd save ruling on conce... (more story)
Electric-vehicle technology company Ideanomics Inc. leads a new crop of Chapter 11 cases that hit the Delaware docket over several hours late Tuesday and early Wednesday, joined by debtors in the entertainment... (more story)
A German property owner has said in a new complaint that a Michigan-based automotive seat manufacturer is on the hook for a €4.1 million ($4.3 million at current exchange rates) lease after its European entity... (more story)
The Senate on Tuesday confirmed two federal judges for Pennsylvania and one for the District of Columbia, who came under scrutiny during her confirmation hearing for her work at Jones Day.
A law firm debtor urged a Florida bankruptcy court Tuesday to approve a $645,000 settlement in its Chapter 11 to resolve a proposed fraudulent misrepresentation class action in state court against a former Mia... (more story)
A Texas bankruptcy judge said Tuesday he would allow the U.S. arm of vodka giant Stoli Group to use cash collateral to fund its Chapter 11 case on an interim basis after the debtor reached an agreement on repo... (more story)