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Celsius Gets U.S. Court Approval to Pay Shareholders $25 Million in Bankruptcy Case

Celsius Network LLC has received court approval for a settlement that puts an end to a lengthy bankruptcy dispute with preferred shareholders, ABP News reported. The agreement involves Celsius Network

Rockville Diocese Granted More Time in Bankruptcy

A bankruptcy judge blocked sex-abuse victims’ request to throw out the Diocese of Rockville Centre’s chapter 11 case, granting the diocese until the end of October to file a new reorganization plan to

Beloved Baby Retailer Emerges from Bankruptcy, Opens Only U.S. Store After Closing All Locations for Good Five Years Ago

One of America's most iconic baby brands has launched its comeback just five years after bankruptcy filings forced every location to shutter, the U.S. Sun reported. Babies “R” Us opened its sole U.S

IRS Steps Toward a New Free-File Tax Return System Have Both Supporters and Critics Mobilizing

An IRS plan to test drive a new electronic free-file tax return system next year has got supporters and critics of the idea mobilizing to sway the public and Congress over whether the government

Hundreds Invested $63M in Real Estate Deals, but Where’s the Cash?

Hundreds of regular investors who together put up $63 million to buy pieces of Atlanta and Miami commercial real estate have allegedly seen their funds disappear, InvestmentNews reported. Two deals

Rocking M Remains at Loggerheads with Creditors as It Looks for Path Out of Chapter 11

More than a year after Rocking M Media filed for chapter 11 protection, the company told a bankruptcy court that it is working on a new plan for how it will emerge from the process, InsideRadio

Bron Files for Creditor Protection in Canada, Chapter 15 of Bankruptcy Code in U.S.

Bron, the Canadian producer and co-financier of studio titles like Joker, House of Gucci and Licorice Pizza, has filed for protection from its Canadian creditors, Screen Daily reported. The company

Opioid Victims Object to Supreme Court Review of Purdue Pharma’s $6 Billion Settlement

Victims of opioid addiction are objecting to the U.S. government’s request to send Purdue Pharma’s pending bankruptcy plan for review before the Supreme Court, which would delay long-awaited

The Architect of Detroit’s Bankruptcy Filing 10 Years Ago Says It Was the Best Fix for a Broken City

Detroit’s newly hired emergency manager, Kevyn Orr, stood before reporters in March 2013 and issued a warning to city creditors, unions, vendors and others: “Don’t make me go to bankruptcy court. You

U.S. Banks' Residential Mortgages Face Mandates Exceeding Global Standards

U.S. bank regulators are set to release their plans next week for a sweeping overhaul of capital rules, with the latest draft including requirements for large lenders' residential mortgages that go