Lumio files for Chapter 11 to complete sales process: Just three years after forming, residential solar installer Lumio has filed for Chapter 11 bankruptcy
Bankruptcy Sparks Wine Asset Rush: Jay Adair, a Dallas-based entrepreneur known for his success in the online used car market, has made a $35 million offer for two Napa Valley wineries, Clos Pegase and Girard
Rule to Curb Judge Shopping in Big Bankruptcies Should Be Delayed, Panel Says - WSJ: A group of judges and lawyers asked the Judicial Conference’s bankruptcy rules advisory committee to hold off discussing a proposal to create a federal rule that would randomly assign large chapter 11 cases to bankruptcy judges
‘Good Faith’ Bankruptcy Filings Get Fresh Look Ahead of J&J Move: The Third Circuit’s July decision upholding a New Jersey bankruptcy court’s dismissal of the J&J unit’s second case focused on the financial status of the J&J unit, LTL Management LLC. That was a “bit of a new horizon,” said Douglas Mintz, a partner at Schulte Roth & Zabel who represents creditors in financial restructuring.
NYC Risks Taxi, Uber Meltdown as Biggest Insurer Faces Huge Losses - Bloomberg: American Transit, also known as ATIC, insures roughly 60% of New York City’s more than 117,000 commercial taxis, livery cabs, black cars and rideshare vehicles.
Big Lots talking to suitors ahead of potential bankruptcy filing - ION Analytics: Big Lots and its investment bank Guggenheim Securities are running a competitive process to secure the best terms from suitors ahead of a potential bankruptcy filing, said two sources familiar with the matter
Foxtrot Will Reopen First Store This Week, Nearly Five Months Since Sudden Closures - Eater Chicago: The first store is scheduled to open on Thursday, September 5 at 23 W. Maple Street in Gold Coast, according to a news release
