Trust But Verify: Bankruptcy Court Issues First Published Opinion on Limits on Use of AI

In a decision of first impression, the U.S. Bankruptcy Court for the Northern District of Illinois (the court) imposed ...

A.I. Abuse Is Reinventing the Law

More lawyers are using artificial intelligence to write legal briefs. Some vigilantes are publicizing the A.I.-generated ...

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 ...

23andMe Approved to Expunge 157,000 Suspicious Bankruptcy Claims

Me’s bankruptcy estate won court approval to remove about 157,000 potentially fraudulent claims for compensation from the DNA testing firm over a 2023 data breach that exposed private customer data.

More Minnesotans file for bankruptcy than U.S. average, a recession red flag

As high prices persist and wages fail to keep up, consumers are dealing with mounting debt in an already slowing economy.

First Brands Races to Secure Lifeline and Avoid ‘Game Over’ Liquidation

The bankrupt auto-parts seller said it would shut down if it can’t access fresh capital.

Major Overhaul Expected In Insolvency And Bankruptcy Code Before Winter Session Of Parliament

Major changes to the Insolvency and Bankruptcy Code (IBC), focusing on Section 29A's "blood relation" rules, are anticipated ...
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CT hospital owner's bankruptcy fees top $77M as RI facilities teeter

Gov. Ned Lamont promises that a UConn Health bid for Waterbury Hospital will come 'very soon' as Prospect's finances worsen.

First Brands’ messy day in bankruptcy court

Plus, a new insurance-funded private capital group emerges and how to make money getting cash out of Hong Kong ...

First Brands says it needs $780 million or ‘It’s game over’

Its Malaysian-born founder has been accused of looting the bankrupt auto parts company of $915 million. Read more at ...

First Brands says it needs US$600 million or ‘it’s game over’

FIRST Brands Group lawyers said the company needs access to its roughly US$600 million of remaining bankruptcy financing to ...

Wall Street lenders clash in Houston court over $1.1bn First Brands rescue

Financing deal prompts fight between creditors over terms that could reward some while leaving others with little ...