In the 45 years since the enactment of the Bankruptcy Code, the Chapter 11 process has been successfully used by companies to address and resolve mass tort liabilities. However, what were once ...

July 09, 2024 - The benefits afforded debtors in bankruptcy are so compelling that businesses have initiated bankruptcy proceedings without experiencing insolvency or imminent financial distress. But ...

An analysis of the recent decisions in Bestwall and Multi-Color which offer important guidance on good faith requirements and ...

NEW YORK, Dec 28 (Reuters) - A U.S. bankruptcy judge ruled Thursday that two Trane Technologies subsidiaries, Aldrich Pump and Murray Boiler, may remain in bankruptcy despite asbestos plaintiffs' ...

More than 1,200 workers are affected by recent logistics layoffs as several small freight operators file for bankruptcy. The ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The furniture retail sector has faced economic issues that have caused retailers to have financial distress, leading to closed stores and bankruptcy filings. A slowdown in the real estate market in ...

An analysis from WalletHub found that Chicago, Houston and Las Vegas had the highest levels of financial distress among the nation's 100 largest cities. Higher levels of financial stress can create ...

Bankruptcy is often treated as a last resort or as a sign of failure for businesses and individuals, but New Orleans attorney Jenny Abshier says that point of view misses what the legal process is ...