Chanel and Kering are among the largest unsecured creditors in Saks Global’s bankruptcy, according to court filings.

PREPA bondholders say they are due a portion of the money allocated for payment to unsecured creditors in the Puerto Rico central government bankruptcy. The Puerto Rico Oversight Board said Puerto ...

ATLANTA — Delta Air Lines Inc., the nation's No. 3 carrier, said Monday it has agreed to give its retired pilots an extra $719 million in unsecured claims in its bankruptcy case to help them recoup ...

A handful of recent high-profile court rulings have considered whether a chapter 11 debtor is obligated to pay postpetition, pre-effective date interest ("pendency interest") to unsecured creditors to ...

In a recent decision in In re Harvest Sherwood Food, the U.S. Bankruptcy Court for the Northern District of Texas addressed all of these issues, and held a litigation funder that advanced $35 million ...

More than 270 people who filed claims for damages stemming from the Hayden smelter will receive a $4.8 million unsecured claim under a settlement with Tucson-based copper producer Asarco LLC. In all, ...

In its decision, the court maintained that the equitable powers of bankruptcy courts were sufficiently broad to subordinate a claim (even a claim that arose under 502(h)) on equitable grounds under ...

The number of corporate bankruptcy filings has increased significantly over the past several years. In 2024, there were 688 chapter 11 filings by private companies with either assets or liabilities ...