Affirmative Insurance Holdings, Inc. Section 341 Meeting Continued

In In re Nussbaum Lowinger LLP, the Bankruptcy Court for the Southern District of New York (the Court) dismissed Chapter 11 bankruptcy cases commenced by two law firms and did so in favor of their assignment for the benefit of creditors proceeding already pending in New York state court. This decision provides useful guidance for creditors, assignees, and debtors evaluating whether to move from a state law assignment for the benefit of creditors to a federal bankruptcy case.

When a company enters Chapter 11 bankruptcy, many assume the process will culminate in a lengthy reorganization plan. However, distressed businesses are increasingly being sold through a different mechanism—a sale under Section 363 of the United States Bankruptcy Code. Understanding how Section 363 sales work can help business owners, lenders, investors, and prospective purchasers identify opportunities and avoid costly surprises in bankruptcy asset transactions.

Between 2023-25, venture capital funding for artificial-intelligence (AI) companies surged wellinto the billions.

On June 27, the U.S. Supreme Court announced a 5-4 decision rejecting the nonconsensual releases of the Sackler family in the Purdue Pharma bankruptcy case. The split is an interesting alignment of

The U.S. alcohol industry, long regarded as recession-resistant and reliably profitable, is confronting an unprecedented convergence of headwinds. Tariffs, declining demand, rising interest rates, and novel competitive threats are pressuring businesses across the three-tier system.

Riveron's Q2 2026 Restructuring & Turnaround brief examines how companies across multiple industries are navigating elevated financial distress amid tighter credit conditions, rising debt maturities, and persistent operational pressures. The analysis explores sector-specific challenges from aerospace to retail, highlighting how management teams and lenders are addressing liquidity constraints and restructuring risks in an increasingly selective credit environment.

Brightline's ambitious expansion to Orlando promised a new era of transportation, but nearly three years later, the intercity rail service faces mounting financial pressures as ridership falls short...

Moore & Van Allen attorney Reginald Sainvil examines the governance challenges and litigation risks that emerge when control of financially distressed companies shifts at the board level through "board flips."

A hallmark of bankruptcy law is equal treatment of similarly-situated creditors. The Bankruptcy Code frowns upon a debtor who, while insolvent, pays some creditors but not others in the run-up...

On December 2, 2016, Limitless Mobile, LLC ("Limitless" or the "Debtor") filed a chapter 11 voluntary petition in the United States Bankruptcy Court for the District of Delaware.

Oya Renewables, a Boston and Toronto-based solar infrastructure developer founded in 2009, has initiated Chapter 11 bankruptcy proceedings in Delaware.

On December 2, 2016, Limitless Mobile, LLC ("Limitless" or the "Debtor") filed a chapter 11 voluntary petition in the United States Bankruptcy Court for the District of Delaware.

Vice Chancellor Rennie’s memorandum opinion (by designation) in Shareholder Representative Services LLC v. Astellas Pharma Inc., C.A. No. 2023-0952-SKR (Del. Ch. Mar. 31, 2026) serves...

A Memorandum Opinion issued by Vice Chancellor Lori W. Will on March 17, 2026 in Armaments Research Company, Inc. v. William O'Neil, C.A. No. 2025-0944-LWW (Del. Ch. Mar. 17, 2026)...

In a decision emphasizing the finality of confirmed Chapter 11 plans, the United States Bankruptcy Court for the District of Delaware denied a motion by Virgin Orbit equity holders...

From April 24 to 27, 2015, Charles A. Stanziale, Jr., as the Chapter 7 Trustee of CPI Corp., et al., filed preference complaints seeking to avoid and recover alleged preferential transfers pursuant to Sections 547 and 550 of the Bankruptcy Code, and to disallow claims of the defendants pursuant to Section 502(d).

Does an individual who received a void issuance of stock from a Delaware corporation have standing to bring a books and records action under Section 220 of the Delaware General Corporation Law.

When will your company’s Section 503(b)(9) claim be paid? Section 503(b)(9) claims are paid when the debtor makes a final distribution to creditors.

The U.S. Bankruptcy Court for the Southern District of New York recently rejected arguments that a foreign debtor's incorporation outside the United States and concurrent...

In the recent opinion by Vice Chancellor Glasscock, The Williams Companies, Inc. v. Energy Equity, LP, the Court of Chancery considered a request by plaintiff to enjoin defendant, Energy Equity, LP from attempting to terminate a Merger Agreement.