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ABI Journal: COMI Chameleon: Is “COMI Manipulation” in Chapter 15 a Ballooning Problem?
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Both courts and commentators have expressed increasing concern that a company could manipulate its center of main interest (COMI) to manufacture a foreign main proceeding in a specific country, thereby availing itself of the unique tools of a specific country’s insolvency regime and circumventing perceived restrictions of the Bankruptcy Code. READ MORE
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 | | Editor's Picks |
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Beyond Meat Denies Bankruptcy Rumors
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Beyond Meat issued a statement to the website Plant Based News denying reports that it filed for chapter 11 bankruptcy as "unequivocally false" on Friday, iHeart.com reported. “We have not filed, nor are we planning to file, for bankruptcy.” a Beyond Meat spokesperson said. The denial came after several reports claiming the plant-based meat substitute company was planning to file for chapter 11 bankruptcy amid financial struggles. Beyond Meat, which played a key role in the hyper-realistic meat analogues market since its launch in 2009, has seen sales decline amid a more competitive market. READ MORE
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U.S. Court Reopens Citgo Parent Auction for Bids, Winner to be Recommended This Month
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A U.S. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before confirming or changing the winner recommendation he made last month, Reuters reported. A final winner recommendation in the complex court-organized auction is expected to be submitted by the end of this month, Judge Leonard Stark said in a hearing. READ MORE
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China Live Owner to File Bankruptcy Following Judge’s Ruling over Disputed Rent Payments
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One of the most prominent restaurateurs in San Francisco’s Chinatown is reorganizing his business after losing a lengthy legal battle over rent payments, the San Francisco Chronicle reported. Entrepreneur George Chen, the owner of China Live at 644 Broadway St., confirmed yesterday that he plans to modify his business through a chapter 11 reorganization. The decision comes after a San Francisco judge ruled on Friday that Chen is liable for over $6.6 million in rent, common area maintenance charges, taxes and fees owed in connection to the restaurant’s lease for the building. READ MORE
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abiLIVE: Current “Hot Button” Issues in Mediation and Settlement Conferences
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Online Networking
September 9
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Bankruptcy 2025: Views from the Bench
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The National Press Club
September26 | Washington, D.C.
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 | | Daily Roundup |
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Facing Bankruptcy, Will Isleton Disincorporate? It Hasn’t Ruled Out Ending Cityhood
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Isleton’s interim City Manager Jon Kennedy paused a chaotic council meeting Tuesday night to hold up a black credit card — the only thing, he said, that was keeping the city afloat, the Sacramento Bee reported. Isleton, Sacramento County’s smallest city with about 800 residents, currently doesn’t have a credit card of its own because, according to Finance Director Jessica Bigby, no bank will give them one after a series of poor financial decisions have the city $4.7 million in debt and not much in terms of a viable way out. READ MORE
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Third Company Sues Wohali Days After Company Files for Bankruptcy
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A third contracting company filed a lawsuit against Wohali Land Estates for unpaid debts just days after the luxury real estate developer filed for bankruptcy in federal court, the Park Record reported. Sierra Pacific Windows last week submitted a notice in Summit County’s Third District Court alleging Wohali Builders, the construction arm of the development enterprise, ordered and received $162,574 in materials and has yet to pay the cost. READ MORE
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What Student Loan Repayment Will Look Like After Trump's Budget Bill
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As of 2025, 42.5 million people have outstanding federal student loans. Of those, approximately 12.3 million — about 29% of borrowers — are currently enrolled in an income-driven repayment (IDR) plan. These plans provide significant relief, giving borrowers more affordable monthly payments, YahooFinance.com reported. However, President Trump's One Big Beautiful Bill (OBBB) overhauled federal student loans and their repayment options. The changes will have a major impact on both current and future student loan borrowers. And, depending on what loans you have, you may have a limited amount of time to take action — or risk losing repayment options permanently. READ MORE
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