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Bankruptcy Law News

Big Law Confronts Tail Risk Threat to Private Equity Bankruptcy

Big Law partners are looking at a ruling that sent shock waves through the bankruptcy world as a lesson rather than a serious threat to their model of representing both private equity sponsors and their distressed portfolio companies.

US Machine Maker Files Bankruptcy, Blaming Chinese Regulators

Hardinge Inc., which makes metal-working machines for the automotive and aerospace industries, filed bankruptcy, blaming Chinese regulators who stalled the company’s plans to sell its operations in the country.

Country Garden Gets Six-Month Respite for Restructuring Talks

Chinese builder Country Garden Holdings Co.’s liquidation hearing in Hong Kong was adjourned until late January to give it more time to work on an offshore debt restructuring plan.

Apollo, Banks Discuss Restructuring for Hung Brightspeed Debt

Apollo Global Management Inc. and a group of banks led by Bank of America Corp and Barclays Plc have been holding restructuring talks for a slug of Brightspeed debt that could see the banks take a loss, according to people with knowledge of the matter.

AmEx, Girardi Keese Bankruptcy Trustee Settle Stolen Money Suit

American Express has settled for $3 million claims brought by a bankruptcy trustee that it enabled the defunct Girardi Keese law firm to siphon $50.25 million in fraudulent transfers as part of the insolvent firm’s scheme to cheat creditors.

Spotlight on Judge David R. Jones

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

Latest Stories

Buy Venezuelan Bonds as Debt Recast Under Maduro Possible: Citi

Citigroup strategists reiterated their recommendation to go long bonds from Venezuela and its state-oil company as a debt restructuring led by Nicolas Maduro’s government is still possible, noting the US position on the results and on the legitimacy of Maduro’s next term are key.

Bankruptcy Judge Worried About Broad Ex-Judge Romance Questions

A Houston bankruptcy judge has raised concerns over the breadth of questions that a Justice Department arm seeks to ask a former court employee about an ex-bankruptcy judge tied up in an ethics debacle over his once-secret relationship with a local attorney.

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