 | | Featured Premium Content | | | | | [WSJ Pro]: Talc Claimants to Challenge Barretts Minerals Bankruptcy Case
A defunct talc-mining subsidiary of a global minerals supplier will make its case Monday for remaining in chapter 11 against personal injury claimants who argue it has no right to bankruptcy protection because it has no business to reorganize, WSJ Pro reported. Barretts Minerals has put forward a chapter 11 plan to resolve asbestos-related claims against itself and its parent company, Minerals Technologies, which was spun off from Pfizer in 1992. The U.S. Bankruptcy Court in Houston is scheduled to hear arguments from a committee of asbestos-injury claimants who have asked that the bankruptcy be dismissed. READ MORE | | |  | | Editor's Picks | | | | | Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion
The protracted Synapse Financial Technologies bankruptcy is nearing its final stages with a whimper rather than a bang, pymnts.com reported. On April 10, Trustee Jelena McWilliams filed a status report with the Central California Bankruptcy Court that laid the ground for dismissal or conversion of the case to chapter 7. McWilliams stated in the report that she “will conclude necessary estate administration activities and intends to file a motion seeking dismissal of this Case or, in the alternative, conversion of this Case to Chapter 7, as appropriate.” READ MORE | | U.S. Corporate Bankruptcies Hit Highest Level Since Great Recession
U.S. corporate bankruptcies hit a 14-year high in 2024 and already in 2025, that trend seems to be continuing, Straight Arrow News reported. According to the S&P Global Market Intelligence report, corporate bankruptcies hit their highest level since 2010 in the first quarter of 2025. From the beginning of January to the end of March, 188 companies filed for bankruptcy — up significantly from the 139 filed during the first quarter of 2024 and the highest it’s been since 254 companies filed for bankruptcy in Q1 of 2010 in the wake of the Great Recession financial crisis. READ MORE | | Weekly Bankruptcy Wrap: Seventh Heaven, Prize Checks, and Loo Roll Diplomacy
This week’s bankruptcies feature a 7:1 roll-up, sweepstakes in chapter 11, and Italy trying to corner the U.S. toilet paper market, BankruptcyData.com reported. READ MORE
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May 14-15 | Las Vegas, Nevada | | | | | | |  | | Daily Roundup | | | | | Forever 21 Gift Cards Expire as Company Prepares to Close Retail Locations
If you have a gift card or store credits for Forever 21, you must use them by Tuesday, 6ABC Action News reported. The company filed for bankruptcy this past March and is now preparing to close all of its stores. The clothing store began its liquidation sales a few weeks ago. The company is also no longer accepting returns or exchanges. All retail locations must be vacated by May 1. READ MORE | | Retailer At Home Reportedly Considering Bankruptcy
At Home Group is reportedly on its way to bankruptcy, Retail Wire reported. Sources close to the matter claim the home furnishings chain is looking to hand over operations to creditors. At Home has had a difficult time bringing in enough revenue to keep up with mounting debt payments. The company’s estimated debt is around $2 billion. READ MORE | | Legal Battle Around AAF’s Dissolution Continues in Bankruptcy Court
The legal battle over the Alliance of American Football’s dissolution “continues in federal bankruptcy court” in San Antonio and went to trial yesterday, Sports Business Journal reported. In pre-trial court filings, the trustee representing debtors in the chapter 7 bankruptcy, Randolph Osherow, alleged that Hurricanes owner Tom Dundon, who served as chair of the AAF, “made a ‘definitive oral commitment’ to invest” $250M into the league and then through “operational decisions allowed it to go under financially.” READ MORE | | Drop in Job-Finding Rate, Rise in Time Out of Work Could Signal Recession Ahead, SF Fed Paper Says
Behind the gradual and relatively small rise in the U.S. unemployment rate in recent years are a couple of less-closely followed labor market indicators that are flashing yellow for recession risk, according to research published on Monday by the Federal Reserve Bank of San Francisco, Reuters reported. The analysis suggests a measure of hidden weakness in what has widely been seen as a solid labor market that is now coming under pressure from the Trump administration's massive tariffs, which have raised the twin risks of higher inflation and higher unemployment. READ MORE | | Bankruptcies at Suburban Senior Homes Collectively Cost Residents Millions of Dollars in Entrance Fees
A recent bankruptcy filing by a network of senior-living facilities in Illinois and Indiana highlights the financial risk posed to residents who pay large entry fees to continuing care retirement communities, but get limited government protections, the Chicago Tribune reported. In February, a Lutheran nonprofit that operates several long-term care facilities filed for chapter 11, seeking to continue operations while shedding debt. The latest bankruptcy follows a chapter 11 filing in 2023 by Schaumburg’s Friendship Village, now called Encore Village. READ MORE | | | | |
