 | | Featured Premium Content | | | | | WSJ Pro Bankruptcy: EchoStar Prepares Potential Bankruptcy Filing Amid FCC Review
EchoStar is considering a chapter 11 bankruptcy filing as the company vies to shield its cache of wireless spectrum licenses from the threat of revocation by federal regulators, WSJ Pro Bankruptcy reported. Pressure on the satellite-and-wireless company co-founded by telecom mogul Charlie Ergen mounted last month after Federal Communications Commission Chairman Brendan Carr told the company that certain of its wireless and satellite spectrum rights were under review. READ MORE | | | | | SPONSORED CONTENTPredatory Uptiering: Three Steps to Protect Against Being Primed While uptiering disputes are not new, the loan market has seen an uptick in recent years. If not careful, lenders can lose their lien claim positions to a newer, senior lender. SRS Acquiom explains the primary mechanisms of predatory uptiering and identifies steps lenders can take to protect against it—all in one easy-to-reference page. Download the Guide | | |  | | Editor's Picks | | | | | Budget Bill Injunction Proposal Poses Snag for Bankruptcy Courts
A long shot provision in President Donald Trump’s budget bill raises questions about whether proposed court limits would apply to enforcing contempt citations in bankruptcy cases, according to a Bloomberg Law analysis. The measure, part of the president’s “big beautiful bill,” would bar federal courts from holding a party in contempt for failing to comply with an injunction or temporary restraining order unless the party seeking the order provides a security bond. But the broad language doesn’t account for a bankruptcy rule that explicitly exempts certain parties from posting security. Because the measure would apply retroactively, it could affect pending bankruptcy proceedings. READ MORE | | Sunnova Files for Bankruptcy on Residential Solar Woes
Sunnova Energy said on Sunday that it had filed for chapter 11 protection in the United States, as the residential solar panel installer buckled under the pressure of mounting debt and weakening demand, Reuters reported. Sunnova filed for protection in the U.S. Bankruptcy Court for the Southern District of Texas after warning in March that that it might not be able to continue as a going concern. The company listed its estimated assets and liabilities in the range of $10 billion to $50 billion and has a total debt of $10.67 billion as of December 31, according to a court filing. READ MORE | | Solar Mosaic Plans Bankruptcy Filing
Solar Mosaic LLC, a provider of home solar loans backed by Jared Kushner’s investment firm, is planning to file for bankruptcy in the face of market uncertainty over federal support of clean energy, Bloomberg News reported. The Oakland, Calif.-based company recently stopped issuing loans after a new round of financing fell through due to the U.S. House advancing President Donald Trump’s massive tax and spending bill. The tax bill would end generous tax incentives for residential solar systems and is now being debated in the Senate. READ MORE
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June 11-13 | Park City, Utah | | | | | | |  | | Daily Roundup | | | | | Effort to Regulate Connecticut Private Equity Hospital Ownership Fails Again Amid Prospect Bankruptcy Auction
A renewed push to regulate private equity ownership of hospitals in Connecticut succumbed to the same knotty complications that frustrated last year's first attempt to reach a consensus at the state Capitol, CTInsider.com reported. The second setback leaves the state legislature and Gov. Ned Lamont to try a third time to forge some agreement on how to better manage private equity's role in the health care sector in Connecticut in the 2026 legislative session. READ MORE | | Gol Exits Chapter 11 with Plans to Add New Routes and Expand Fleet
Brazilian airline Gol formally exited its bankruptcy proceedings in the U.S. on Friday, setting the stage for fleet expansion and new flights and routes within Brazil and other countries, Chief Executive Officer Celso Ferrer said, Reuters reported. In 2024, Gol became the second Brazilian airline, after Latam in 2020, to seek chapter 11 bankruptcy protection in the United States as the sector grappled with debt burdens, a steep decline in passenger numbers during the COVID-19 pandemic, and aircraft delivery delays. Azul, a Gol competitor, filed for chapter 11 last month. READ MORE | | Franchise Group Exits Chapter 11 Process
Franchise Group said it has completed its financial restructuring under the chapter 11 bankruptcy process in the U.S., WSJ Pro Bankruptcy reported. The company on Friday said that it has simplified its portfolio of brands, winding down American Freight and selling the Vitamin Shoppe, to strengthen its core franchise-based businesses and focus on pet supplies. (Subscription required.) READ MORE | | Alex Jones’ Unresolved Bankruptcy Case Needs to End, Judge Says
Alex Jones’ long running bankruptcy case must come to a conclusion, a Houston bankruptcy judge told lawyers for the right-wing conspiracy theorist, the trustee of his estate, and families of Sandy Hook Elementary School shooting victims, Bloomberg Law reported. The bankruptcy has racked up hefty legal expenses and become complex due to an array of litigation in state and federal courts, Judge Christopher M. Lopez of the U.S. Bankruptcy Court for the Southern District of Texas said at a status hearing Thursday. READ MORE | | Marelli Considering Filing for Chapter 11 in U.S., Kyodo Reports
Marelli Holdings, a Japanese auto parts supplier owned by private equity firm KKR, is considering filing for chapter 11 bankruptcy protection in the United States, Kyodo news agency reported on Saturday, according to Reuters. Marelli, a key supplier to embattled Japanese automaker Nissan Motor, is looking into the chapter 11 option to ensure its business operations won't be halted even if its restructuring talks with creditors fall through. READ MORE | | Michaels Completes Acquisition of Joann's Intellectual Property, Fan-Favorite Labels
Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels, the Associated Press reported. The Michaels Companies announced on Thursday that it had completed its purchase of Joann's intellectual property and private label brands — in an acquisition that arrives as the Texas-based arts and crafting chain works to expand its own fabric, sewing and yarn offerings. READ MORE | | | | |
