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Chinese Developer Sunac Seeks Chapter 15 Protection in New York Court

Chinese developer Sunac China Holdings has filed for chapter 15 protection from creditors in a U.S. bankruptcy court, court documents showed, Reuters reported. Creditors of Sunac China Holdings

Scaramucci Emerges as a Leading Bidder for SVB Financial’s Venture-Capital Arm

SVB Financial Group, the former parent of Silicon Valley Bank, is closing in on a deal to sell its venture-capital and credit-investment arm out of bankruptcy, the Wall Street Journal reported. Two

Fashion District Tenant Files for Chapter 7 Bankruptcy, Citing Lack of Shoppers at Center City Mall

A retailer in the Fashion District has shuttered and filed for bankruptcy protection as the Center City mall and its tenants struggle to recover from the effects of the pandemic, the Philadelphia

Crypto Funds See Almost $500 Million in Outflows Over Nine Weeks

Despite wins against the US Securities and Exchange Commission and new Bitcoin ETF filings, investors withdrew nearly half a billion dollars from cryptocurrency products over the last nine weeks

Genesis Halts All Digital Asset Trading Activities Across Business Units

Genesis has ceased trading services across all its business units, including GGC International, citing voluntary business reasons. Amid spiraling financial woes and regulatory scrutiny from the U.S

UAW to Strike at More U.S. Auto Plants If No Progress Made by Friday

The United Auto Workers union said it would announce on Friday more plants to strike if no serious progress was made in talks with Ford, General Motors and Chrysler-parent Stellantis, adding to

Commentary: How’s This for a Fascinating Hybrid Case? Highlighting the Absurdity of Congress’s Artificial Distinctions in Third-Party Release Cases*

Just when you think the debate about the legal, ethical or practical implications surrounding third-party releases in mass tort chapter 11 cases cannot get any more convoluted, another real-world

Bankrupt Trucking Company Yellow Eyes October Sale of Vehicle Fleet

Yellow Corp. received U.S. bankruptcy court approval on Friday to sell its vehicle fleet by October, while continuing to market its real estate assets, which have already received a $1.525 billion bid

Lordstown Motors Extends Bidding Deadline for Assets

Lordstown Motor Company has extended the deadline for bids to purchase its assets in the bankruptcy court, wfmj.com reported. The company quietly filed the motion on September 12th, extending the

Bel Air Mansion Developer Enters Chapter 11 Bankruptcy

Los Angeles developer Elite Investment Management Group has filed for chapter 11 protection about a month after it was sued for fraud involving an unfinished Bel Air mansion, the Real Deal reported