Bankruptcy & Restructuring News & Analysis

Mondee Holdings is seeking to convert its Chapter 11 bankruptcy to Chapter 7 liquidation after securing a buyer that will preserve over 1,000 jobs. The travel technology company cited inability to fund post-sale administrative expenses, including a $1 million tax liability, despite having previously solicited votes on a reorganization plan

First Citizens Bank has filed a complaint in bankruptcy court seeking declaration of ownership over Silicon Valley Bank's trademark portfolio following its 2023 acquisition of the failed bank. This dispute highlights the complex aftermath of one of the most significant bank failures in recent history, with both parties claiming ownership of valuable intellectual property assets