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A New York bankruptcy court Tuesday gave Seadrill Ltd. another four months to file a Chapter 11 plan after the offshore oil rig operator begged for more time to finalize its proposed $8 billion restructuring. read more

The Renco Group sued its former attorneys from Kaye Scholer in New York state court Monday, blaming the counsel for an “inconsistent” jury verdict that cost the company and its billionaire owner Ira Rennert $214 million in damages over fr read more

Bankrupt women’s accessory retailer Charming Charlie Inc. filed a reply Tuesday in Delaware to objections from its official committee of unsecured creditors over the company’s proposed post-petition financing, saying it had resolved conce read more

Cancer treatment center chain 21st Century Oncology won approval from a New York bankruptcy court for its $500 million prepackaged restructuring plan on Tuesday, with the company saying the plan has won the support of nearly all of its creditors. read more

As the economic situation in Venezuela continues to deteriorate and the number of bond defaults continues to mount, the Third Circuit's recent ruling against Crystallex is a poignant reminder about the challenges of recovering on claims against a de read more