Bankruptcy & Restructuring News & Analysis

A federal bankruptcy judge denied a liquidation trustee's motion to force Mercy Hospital's former manager MercyOne to accept payment of a disputed $31,524.63 claim, ruling the unilateral payment attempt violated plan terms and equal treatment requirements

New Rite Aid entities are seeking emergency bankruptcy court approval to sell preference claims to a litigation trust before an October 15 statute of limitations deadline expires. The motion, filed just five days before the deadline, represents the latest development in Rite Aid's complex two-year bankruptcy saga involving multiple Chapter 11 proceedings

CTL-Aerospace is seeking court approval for an expedited asset sale process, with major aerospace companies GE and Kawasaki involved as consultation parties

The plan addresses an estimated $300 million in unsecured debt and includes a proposed settlement of WARN Act claims from former employees

Gordon Brothers Retail Partners has asked a Delaware bankruptcy court to compel PayPal to turn over approximately $600,000 in reserve funds from the Big Lots bankruptcy case