Bankruptcy & Restructuring News & Analysis
FlexShopper Files for Bankruptcy After Financial Issues, Improper Borrowing
FlexShopper, a fintech lease-to-own platform, filed for Chapter 11 bankruptcy after uncovering financial issues and over $140 million in overborrowing, with a pre-negotiated sale agreement already in place
Secured Creditor Seeks Emergency Conversion of Buddy Mac Holdings Bankruptcy to Liquidation
Secured creditor Phonix RBS LLC seeks emergency conversion of Buddy Mac Holdings' Chapter 11 bankruptcy to liquidation, alleging bad faith filing and operational failures including purchasing zero inventory in the second week of the case
Judge Confirms $230 Million Bankruptcy Plan for Archdiocese of New Orleans, Rejects Insurer's Objections
Federal bankruptcy court confirms $230 million reorganization plan for the Archdiocese of New Orleans, rejecting Travelers Insurance objections and establishing settlement trust for hundreds of clergy abuse survivors
Bravo Brio Restaurants Proposes Reorganization Plan with Senior Lender Taking Control
Bravo Brio Restaurants files disclosure statement for reorganization plan that transfers ownership to senior lender GPEE while providing $750,000 to unsecured creditors through liquor license sale
Investment Platform Linqto Seeks $510,000 to Retain Key Employees Through Bankruptcy Exit
Linqto Texas seeks bankruptcy court approval for a $510,034 retention plan covering 12 key employees needed to complete its liquidating Chapter 11 case