On November 11, 2022, the world’s second-largest cryptocurrency exchange FTX Trading Ltd. filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 22-11068). The company reports $10 to
Bankruptcy & Restructuring Law
The Bankruptcy & Restructuring Law blog published by Cole Schotz P.C. focuses on legal developments and case updates related to bankruptcy filings, Chapter 11 reorganizations, debtor-in-possession financing, and corporate restructuring. It covers a range of industries and jurisdictions, highlighting significant bankruptcy cases, creditor negotiations, asset sales, and financial restructuring strategies. The blog provides information on legal procedures and outcomes in bankruptcy courts, including details on major filings and the roles of lenders and stakeholders in restructuring processes. It serves as a resource for understanding the practical and legal aspects of bankruptcy and corporate financial reorganization.
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Latest from Bankruptcy & Restructuring Law
New Chapter 11 Filing – Fast Radius Inc.
On November 7, 2022, cloud manufacturing and digital supply chain company Fast Radius, Inc. of Chicago, IL filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No.…
New Chapter 11 Filing – Vesta Holdings, LLC
On October 30, 2022, wealth advisory, risk management services and insurance brokerage services provider Vesta Holdings LLC of Mongomeryville, PA filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of…
New Chapter 11 Filing – Phoenix Services Topco LLC
On September 27, 2022, Phoenix Services Topco LLC, a steel mill service provider with approximately 2,600 employees, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No.…
New Chapter 11 Filing – Packable Holdings, LLC.
On August 28, 2022, Hauppauge, N.Y.-based Packable Holdings, LLC, a privately-owned tech-enabled e-commerce company, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 22-10797). The company…
New Chapter 11 Filing – ExpressJet Airlines LLC
On August 23, 2022, College Park, Georgia-based ExpressJet Airlines LLC, a leading regional airline connecting millions of passengers to North America monthly, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the…
New Chapter 11 Filing – Carestream Health, Inc.
On August 23, 2022 (the “Petition Date”), Rochester, New York-based Carestream Health, Inc. along with several affiliates (the “Debtors”), which provide worldwide X-ray imaging systems for medical, non-destructive testing and precision contract coating services for industrial, medical and electronic applications,…
New Chapter 11 Filing – OSG Group Holdings, Inc.
On August 6, 2022, OSG Group Holdings, Inc., which provides transactional, marketing, and payment solutions to various industries, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case…
New Chapter 11 Filing – GenapSys Inc.
On July 11, 2022, genomic sequencing company GenapSys Inc. of Redwood City, CA filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 22-10621). The company reports $10…
New Chapter 11 Filing – Voyager Digital
On July 5, 2022, New York-based cryptocurrency exchange, Voyager Digital Holdings, Inc. along with its publicly traded Canadian affiliate, Voyager Digital Ltd., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the…