Bankruptcy & Restructuring News & Analysis

Meyer Burger (Holding) Corp. and affiliates have sought bankruptcy court approval for a $1.3 million private sale of residential solar panels to BayWa r.e. Solar Systems LLC. The proposed transaction involves approximately 9 MW of panels stored in Pennsylvania and reflects the company's efforts to monetize inventory and reduce storage costs following its recent bankruptcy filing

The Archdiocese of New Orleans is approaching resolution of its five-year bankruptcy case, filing a joint reorganization plan after reaching settlements with most insurers. The archdiocese seeks to extend mediator appointments to finalize the plan, with a confirmation hearing expected in November 2025

Connecticut bankruptcy court rejects Coral Capital's $1.1M early termination fee claim against ServiCom, ruling the pre-petition factoring agreement was never properly terminated despite the bankruptcy filing. The decision clarifies that contract rejection in bankruptcy constitutes a breach but not termination

LifeScan Global Corporation, the maker of OneTouch diabetes monitoring products, has filed Chapter 11 bankruptcy to eliminate $1.4 billion in debt as it struggles with market shifts toward continuous glucose monitoring technology. With 97% of secured creditors supporting its restructuring plan, the former Johnson & Johnson unit aims to emerge from bankruptcy by year-end with a healthier balance sheet and plans to enter the CGM market

A Delaware bankruptcy judge has ruled that cryptocurrency commingled in omnibus wallets by Prime Core Technologies belongs to the bankruptcy estate, despite arguments about blockchain traceability. The landmark decision allows the funds to be converted to dollars and distributed to creditors, potentially setting an important precedent for how digital assets are treated in future bankruptcy proceedings