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Private Lender Moves Risk Extend-and-Pretend Path to Bankruptcy
Private credit lenders are easing loan terms on existing deals in hopes of staving off costly restructurings, at the risk of an extend-and-pretend dynamic that masks deeper economic strains. Read more
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23andMe Clients Navigate Uncertain Future Two Years After Breach
23andMe brought unique privacy issues to bankruptcy. Unlike mass tort bankruptcies—such as Georgia-Pacific unit Bestwall, which faces asbestos claims, or Purdue Pharma opioid lawsuits—the harm mainly involves identity theft or nation-state misuse. Read more
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Bankruptcy Judges Step Up Sanctions on Attorneys Misusing AI
A federal rule requiring lawyers to certify the accuracy of their filings is gaining new traction in bankruptcy courts, where judges are sanctioning attorneys for submitting documents with fake AI-generated citations. Read more
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Acting DOJ Bankruptcy Head Will See Less Staff, More Oversight
As Ramona Elliott steps into her role as acting director of the Justice Department’s bankruptcy watchdog following her predecessor’s firing earlier this year, she inherits an agency with a smaller workforce and greater oversight demands. Read more
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Trucking Bankruptcies Spike as Tariffs Quash Post-Pandemic Boom
Trucking and freight businesses that once thrived on the pandemic e-commerce boom and high spot prices are increasingly seeking bankruptcy protection, with more stress looming as the Trump administration’s tariffs derail business plans. Read more
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Bankruptcy Crime Referrals Rarely Result in Prosecutions
The US Trustee—the Justice Department’s bankruptcy watchdog—made an average of 2,271 referrals annually over the past six years, according to agency reports. Yet only about 40 people were charged with bankruptcy crimes on average annually during that period. Read more
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Budget Bill Injunction Proposal Poses Snag for Bankruptcy Courts
A long shot provision in President Donald Trump’s budget bill raises questions about whether proposed court limits would apply to enforcing contempt citations in bankruptcy cases. Read more
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Universities Eye Bankruptcy Alternatives as Funding Cuts Loom
While bankruptcy offers legal protection and a path to recovery, universities are disincentivized from filing, as doing so would jeopardize their Title IV eligibility under the Higher Education Act, which is critical for student aid, and trigger cuts that lead to further financial strain. Read more
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Solar Panel Bankruptcies Leave Frustrated Homeowners in Limbo
Thousands of homeowners are left without repair services or support for systems installed by solar companies that later went bankrupt. Read more
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Firms Vie for Contract to Advise Puerto Rico on Global Tax Deal (Exclusive)
Four law and consulting firms and a former official of the Organization for Economic Cooperation and Development are competing for a million-dollar contract to advise Puerto Rico on the impact of the global minimum tax in the US territory. Read more
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Angélica Serrano Román 