News

Specialty finance company J.G. Wentworth Co. filed for Chapter 11 protection in Delaware on Tuesday with a prepackaged plan already accepted by many creditors in hand to restructure its nearly $450 million in debt in a deal that hands over control to read more

The state's highest court has suspended an attorney from practicing law in New Jersey for three years over a series of ethics violations that include lying to disciplinary authorities and a federal bankruptcy court and abusing his attorney trust read more

An indirect effective owner of online foreign exchange broker FXCM filed for bankruptcy in New York on Monday with prenegotiated plans to push out the maturity date for $172.5 million in senior notes following the company’s delisting from publi read more

Maurice Sporting Goods Inc. received court approval Tuesday in Delaware for its proposed sale and auction plan as well as a $500,000 breakup fee for its stalking horse bidder that initially drew objections from the U.S. trustee. read more

Bankrupt global plastics supplier M&G USA Corp. secured final Delaware court approval Tuesday for a $100 million debtor-in-possession loan needed to keep its sale plan alive, over objections from Texas plant construction lienholders and the U.S. read more