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Archdiocese of New Orleans Plans Sales of Vast Real Estate Holdings to Pay Abuse Claims

More than three years after filing for bankruptcy protection amid mounting claims of child sex abuse by local clergy, the Archdiocese of New Orleans is preparing to sell off seven properties —

Dutch E-Bike Brand VanMoof Bought Out of Bankruptcy by Scooter Maker

VanMoof, the Dutch e-bike maker that gained a zealous following but declared bankruptcy last month, has been acquired by Lavoie, an upscale electric scooter company, the firms announced on Thursday

U.S. Offers $12 Billion for Automakers, Suppliers for Advanced Vehicles

The Biden administration is offering $12 billion in grants and loans for automakers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer

Nursing Homes Must Boost Staffing Under First-Ever National Standards

Nursing homes will have to maintain minimum staffing levels under a Biden administration proposal despite furious lobbying from the industry, which says it will be too onerous amid a continuing labor

Mallinckrodt's Opioid Creditors Support Fast-Track Second Bankruptcy

Drugmaker Mallinckrodt's opioid creditors will support an expedited second bankruptcy, despite a "gruesome" $1 billion reduction in settlement money for victims of the U.S. opioid crisis, attorneys

Judge Blocks Camden Diocese’s Bankruptcy Plan for Sex-Abuse Victims

A bankruptcy judge rejected a sex-abuse compensation plan for the Diocese of Camden, N.J., saying that it would violate the rights of insurance companies on the hook for payment to abuse survivors

Puerto Rico Utility Bankruptcy Plan Faces Growing Opposition

An increasing number of creditors are pushing back against a plan to cut the debt load of Puerto Rico’s bankrupt power utility by 75%, with investors and insurers accounting for $3.6 billion of the

Texas Hospital’s Missteps Lead to Bankruptcy Two Years After Opening

Trinity Regional Hospital Sachse borrowed $68 million just three years ago to build a new, state-of-the-art facility in a fast-growing area northeast of Dallas, Bloomberg News reported. Since opening

Trustee Objects to UI’s Plans for a Speedy Purchase of Mercy Hospital

A federal bankruptcy trustee has objected to plans by the University of Iowa to fast-track its planned $20 million purchase of Mercy Hospital-Iowa City, the Iowa Capital Dispatch reported. Faced with

Louisville-Based Restaurant Green District Salads Files for Bankruptcy

Louisville-based Green District Salads has filed for chapter 11 bankruptcy protection, according to court documents, the Louisville Courier-Journal reported. Green District, led by Green District