 | | Featured Premium Content |
|
|
Debtwire: They’re Not over Until the Court Says They’re Over – Bidding After ‘Final’ Bankruptcy Auctions
|
|
|
In this article, the Debtwire legal analyst team provides an overview of the case law concerning bankruptcy bids submitted after auctions have closed and the controversial Rite Aid and 23andMe sales. READ MORE
|
|
|
SPONSORED CONTENT
Predatory 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 |
|
|
Senator Warren Asks Ratings Firms How They Assess Private Credit
|
|
|
Sen. Elizabeth Warren (D-Mass.) asked U.S. Treasury Secretary Scott Bessent and various ratings agencies for more information on risks posed by the $1.7 trillion private-credit industry, Bloomberg News reported. In the letter to ratings firms including S&P Global Inc., Moody’s Ratings and Fitch Ratings, Warren expressed concern that some companies may be “inflating” ratings of private debt instruments, which could pose risks to the larger financial system. (Subscription required.) READ MORE
|
|
|
Bipartisan Legislation Introduced to Protect Genetic Data In Bankruptcy
|
|
|
Reps. Zoe Lofgren (D-Calif.) and Ben Cline (R-Va.) introduced the bipartisan "Don’t Sell My DNA Act," a bill aimed at strengthening consumer privacy by safeguarding genetic data obtained from individuals through relationships with biotech companies. This legislation looks to update the current Bankruptcy Code to explicitly list genetic information in the definition of “personally identifiable information” and requires companies to provide written notice and obtain consumer consent before selling, leasing, or using their genetic data during bankruptcy proceedings. Additionally, it mandates that any genetic data not part of an approved transaction between entities is to be permanently deleted by the trustee or debtor in possession of this critical data. READ MORE
|
|
|
Connecticut Aims to Get to Front of the Line in Prospect Medical Bankruptcy Case
|
|
|
TThe attorney general’s office on Wednesday filed a lengthy court brief in the ongoing bankruptcy proceedings involving Prospect Medical Holdings, detailing all of the ways Connecticut has been harmed by the California company’s ownership of three hospitals in the state, the Rhode Island Current reported. Attorney General William Tong’s office filed the “proof of claim” in U.S. Bankruptcy Court in Northern Texas, where the bankruptcy claim is pending. READ MORE
|
|
|
 | | Upcoming Events |
|
|
Mergers and Acquisitions Series: Key Considerations in the Current Market
|
|
abiLIVE Webinar sponsored by SC&H Capital
July 24
|
|
|
2025 Southeast Bankruptcy Workshop
|
|
The Ritz-Carlton, Amelia Island
July 24-27 | Amelia Island, Fla.
|
|
|
 | | Daily Roundup |
|
|
Newly Built Kentucky Craft Distillery Files for Bankruptcy Protection
|
|
|
A financially troubled new Kentucky distillery has filed for bankruptcy, the <em>Lexington Herald Leader</em> reported. Luca Mariano Distillery, just recently built in Danville, Ky., filed a petition in the U.S. Bankruptcy Court in the Eastern District of Michigan for chapter 11 reorganization bankruptcy. The small craft distillery, which held its grand opening in June, said in the filing the company, LMD Holdings LLC, estimates its assets and liabilities are between $1 million and $10 million. The company’s owner lives in Michigan, court filings show. READ MORE
|
|
|
Student Loan Repayments Are About to Look Very Different
|
|
|
The safety net for federal student loan borrowers is about to be sharply overhauled, the <em>New York Times</em> reported. The domestic policy bill that was signed into law recently makes radical changes to the way Americans will pay for college, and could make access to higher education more difficult. READ MORE
|
|
|
Massive Entertainment Complex Next to Pro Football Hall of Fame Considered Bankruptcy – But Couldn’t Afford the Filing Fee
|
|
|
A major entertainment complex next to the Pro Football Hall of Fame in Ohio considered filing for bankruptcy, but could not afford the filing fee, the <em>Independent</em> reported. The Hall of Fame Resort & Entertainment Co. was in a “distressed situation” and was “unable to fund ongoing operations,” according to a filing with the Securities and Exchange Commission last week. READ MORE
|
|
|
Stablecoin Bill Clears House After GOP Revolt, Heads to Trump’s Desk
|
|
|
The House on Thursday passed a bill setting up a regulatory framework for payment stablecoins, sending the cryptocurrency bill to President Trump’s desk and marking a major win for the industry, <em>The Hill</em> reported. Lawmakers voted 308-122 to pass the GENIUS Act following a tumultuous “crypto week” in the chamber that saw competing GOP factions bring the House floor to a standstill for two days. READ MORE
|
|
|
|
|
