Law: Chapter 11, US Bankruptcy Code

“What a long, strange trip it’s been”: Crédito Real strikes creditor deal

After sparring for months in a saga that has seen rival Chapter 11 and 15 proceedings filed in New York and Delaware, troubled Mexican shadow bank Crédito Real has reached a global restructuring agreement with an ad hoc group of unsecured creditors.

22 May 2023

Former IWIRC chair joins Eversheds Sutherland

Eversheds Sutherland has hired the immediate past chair of the International Women’s Insolvency and Restructuring Confederation from Lowenstein Sandler in New York.

18 May 2023

UK chemicals group Venator files Ch11 pre-pack in Texas

A British chemicals manufacturer has filed for bankruptcy in Texas, a day after it agreed a deal with most of its creditors to wipe out nearly US$1 billion in debt.

15 May 2023

David’s Bridal files bankruptcy in US and UK, seeks recognition in Canada

Partners from Moorfields Advisory have been appointed as joint administrators of the UK arm of America’s largest bridal retailer, David’s Bridal, which has itself filed Chapter 11 proceedings in New Jersey and secured authority to seek recognition in Canada.

18 April 2023

Judge Drain returns to private practice with Skadden

Less than a year after stepping down from the bench in New York, former bankruptcy judge Robert Drain has joined Skadden Arps Slate Meagher & Flom as of counsel.

13 April 2023

Former law firm partner charged with bankruptcy fraud

A former partner at several well-known US law firms has been charged with making false statements in Chapter 11 bankruptcy proceedings.

31 March 2023

US sports network owner plans US$8bn restructuring

Paul Weiss and WilmerHale are advising the largest owner of regional sports networks in the US after it filed for Chapter 11 protection in Texas while it finalises an US$8 billion restructuring.

15 March 2023

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