Bankruptcy & Restructuring News & Analysis

A managed IT services business enters Chapter 11 to shed roughly $1 billion of funded debt through a pre-negotiated plan, while a sale process runs alongside it

In Genesis Healthcare, a Texas bankruptcy court overruled a minority partner's effort to invoke a right of first refusal and carve a single 120-bed nursing home out of a Section 363 sale of roughly 175 facilities. The court rejected every argument the partner raised and rested on independent alternative grounds

Four memorandum opinions, issued together, show why mechanical payments survive a preference attack and why payments touched by creditor pressure do not

Two months after a decline in solar financing pushed one of the nation's largest residential solar installers into Chapter 11, the debtors have asked the Delaware court to approve a compressed, dual-path sale process. No stalking horse has been selected as of the filing date

A Delaware bankruptcy court enforces a Section 363 sale after a contract counterparty argued that the debtor holding nearly all of the sold receivables was never a seller at all