News

A former bank to the Woodbridge Group of Companies LLC and its affiliates sued in Delaware Bankruptcy Court Thursday to block a California lawsuit seeking the release of $133,000 remaining from a disputed consulting agreement filed by accused Ponzi s read more

U.S. bankruptcy filings have continued to decline year-over-year, according to a report released Thursday, with the number of new bankruptcies dropping 1.8 percent in a recent 12-month period though that rate of decline has been slowing since 2014. read more

Erin Energy Corp., an oil and gas exploration outfit focused on energy resources in sub-Saharan Africa, filed for Chapter 11 bankruptcy in Texas on Wednesday, just a month after reporting it was at risk of defaulting on its funded liabilities, saying read more

The U.S. Securities and Exchange Commission objected Thursday in Delaware to the releases included in the proposed Chapter 11 plan of bankrupt arms maker Remington Outdoor Co. Inc., saying they include third-party releases to nondebtors without the c read more

A handful of nonprofits and labor unions have hit Puerto Rico’s embattled federal oversight board with a lawsuit that seeks to disband it, calling the board a “reckless, dictatorial and racist” entity that’s unconstitutional a read more