Bankruptcy
Chasen Cos. Collapse Highlights Executive Pay and Financial Mismanagement
The bankruptcy of Chasen Cos. reveals excessive executive pay and questionable financial decisions, including a missing $5 million jet, amid $39.5 million in debt.
Design Group Americas Seeks Chapter 11 Protection to Facilitate Business Sale
IG Design Group Americas, Inc. files for chapter 11 bankruptcy to maximize asset value through a court-supervised sale process, amid operational challenges and liquidity constraints.
Bankruptcy Offers Lifeline to Workers Facing Wage Garnishment and Housing Loss
Many workers are unaware that filing for bankruptcy can immediately stop wage garnishments, preventing the loss of homes and transportation, a critical oversight that exacerbates financial distress.
Leading Restructuring Lawyers Join Herbert Smith Freehills Kramer, Strengthening Its Bankruptcy and Restructuring Group
Kyle Ortiz and Brian Shaughnessy, two top restructuring attorneys, have joined Herbert Smith Freehills Kramer in New York, enhancing the firm's capabilities in handling complex restructurings and distressed situations.
Whistleblower Challenges Wellpath Holdings Bankruptcy, Alleging Procedural Misconduct
A federal whistleblower has filed an unprecedented 75-motion legal challenge against Wellpath Holdings' bankruptcy proceedings, claiming systematic suppression of objections and constitutional violations by private equity firm H.I.G. Capital.