News

Reorganized debtor Paragon Offshore PLC asked a Delaware judge late Thursday to impose sanctions on a former shareholder of the company for filing motions making the same arguments that have been repeatedly denied by the court and causing the company read more

Construction lienholders with $250 million or more in claims against bankrupt M&G USA Corp.’s $1.7 billion case dismissed the debtor’s proposed Chapter 11 claim settlement process as an “abject failure” late Thursday, and read more

The U.S. Supreme Court on Friday said it will hear the appeal of an unusual two-judge Fifth Circuit panel decision that ordered a former trucking company CEO to pay about $5 million in legal fees that General Electric Capital Corp. incurred in the ba read more

GST AutoLeather Inc. and its top lender pushed the Delaware bankruptcy court late Thursday to shut down unsecured creditors’ bid to challenge senior liens, arguing that such a fight would only disrupt the auto upholstery supplier’s Chapte read more

The U.S. Supreme Court agreed Friday to consider a circuit split over the dischargeability of debt in bankruptcy, taking up an appeal launched by an Atlanta-based law firm trying to preserve a claim against an individual debtor. read more