Bankruptcy

Mega Bankruptcies Grew 33% Over Past Year, Above Historical Rate

More corporate bankruptcies involving over $1 billion in assets were filed in the first half of 2025 than any other six-month period since the outset of the Covid-19 pandemic, with some distressed companies blaming decreased consumer demand and inflation, according to a new report.

First Brands’ Loans Drop After Finance Units File Bankruptcy

A bankruptcy filing from a group of companies related to ailing First Brands Group LLC triggered another drop in the value of the auto-parts suppliers’ loans.

Genesis Healthcare Flags Legal Fees as Threat to Bankruptcy Case

Genesis Healthcare warned that mounting fees from law firms working for an unsecured creditors’ committee and patient care representatives could push its Chapter 11 bankruptcy into administrative insolvency.

Tricolor Interest Payouts Clawed Back From Bondholder Accounts

Some Tricolor Holdingsasset-backed bond holders who received interest payments last week have seen those funds clawed back in recent days, according to people with knowledge of the matter, after the subprime auto lender’s abrupt bankruptcy upended collections on the underlying loans.

Wind Blade Maker TPI Shifts to Sell Assets as Cash Dwindles

Wind turbine manufacturer TPI Composites Inc. is seeking to sell its assets in bankruptcy, a pivot from its original strategy to restructure its balance sheet and exit as a viable business.

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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

Sex, Secrets Trigger Downfall of Star Texas Bankruptcy Judge

How Four Judges Kept Romance Allegations Quiet for Two Years

Bankruptcy Judge Tasked With Scandal Cleanup of ‘Adopted Son’

Bankruptcy Rules for Disclosing Relationships: Explained

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

S. Korea to Start 24-Hour Won Trading in Globalization Push

South Korea is moving to open its foreign-exchange market on a 24-hour basis and ease restrictions on won trading between non-residents, the Finance Ministry said.

By Eunkyung Seo, Susie Kang and Daedo Kim

S&P 500 Set for Longest Losing Streak in a Month: Markets Wrap

Stocks fell as valuation worries overshadowed data showing the economy is holding up. The figures didn’t have much of an impact on Federal Reserve bets, but bond yieldsrose. Bitcoin sank.

Milei’s Treasury Set to Snap Up Large Dollar Sales in Argentina

Argentina’s Treasury is moving to scoop up large amounts of foreign currency in block trades just as $7 billion from grain exports enters the market, according to three people with direct knowledge of the matter.

Baltimore Orioles Sell Minority Stake to Investor Mark Ein

Investor Mark Ein has expanded his portfolio of sports investments by acquiring a minority stake in Major League Baseball’s Baltimore Orioles, the team confirmed on Thursday.

Nexstar Must Immediately Restore Kimmel Show, Sen. Sanders Says

Independent Senator Bernie Sanders urges Nexstar to “immediately restore Jimmy Kimmel Live!” in his home state of Vermont and other parts of the US, according to a letter he shared in a post on X.

Jackson Walker to Pay $1 Million in Latest Bankruptcy Fee Deals

Jackson Walker LLP reached two settlements totaling nearly $1 million to resolve disputes stemming from the Texas law firm’s failure to disclose an intimate relationship between a former partner and a now-resigned bankruptcy judge.

Ambipar Gets Emergency Court Protection as Creditors Pounce

Brazilian waste-management company Ambipar Participações e Empreendimentos SA was granted emergency protection against creditors after telling a court it was at risk of financial collapse — capping a bruising month that drove its bonds to record lows.