Thomas Braziel invested some funds but also spent on jewellery, luxury hotel stays and ‘other fineries’, court finds
Federal judge points to conflict in relationships with financial sponsor and debtor in Chapter 11 case
Move is part of a restructuring plan to be put to creditors in an effort to slash costs
New York judge dismisses six-year old legal action accusing consulting firm of conflicts of interest in bankruptcy cases
Big companies that sought Chapter 11 to manage settlements will be forced to reconsider strategy after Purdue decision
Members of OxyContin maker’s founding family had fought to uphold protections in $6bn opioid settlement
US start-up becomes latest to succumb to difficulties hitting the sector
Struggling retailer says approval is ‘crucial step’ for its survival
Landmark ruling finds two individuals liable in lawsuit brought by liquidators to collapsed retailer
Plus, the UK taxman comes for private equity and a Trump donor gatecrashes a charged deal
Examiner had investigated questions over law firm’s ties to bankrupt crypto exchange and founder Sam Bankman-Fried
Reorganisation plan for Sam Bankman-Fried’s failed crypto exchange will pay 118 cents on the dollar
Drugmaker could fast track subsidiary’s bankruptcy process if 75% of claimants vote in favour of new plan
Real progress comes when both sides accept the other has something valuable to exchange
Loosening credit agreements mean traditional investors who once could avoid messy legal battles are having to evolve
Sales of yacht, ranch and LNG company shares fail to satisfy UBS in multiyear stand-off
Some of this is just getting silly
Two academics surface renewed concerns about the role Sullivan & Cromwell has played in the crypto exchange’s saga
Financier fails in effort to block Victor Restis from pursuing bankruptcy proceedings against her after judge rules demand is valid
US pellet supplier to power plants brought down by debt, higher costs and a trading loss
Alvarez & Marsal duo face more complex case with troubled property developer
Dust-up over use of PO box near Houston will signal how much flexibility corporates have in choosing venue for proceedings
Colorado case claims assets once owned by Chevron escaped decommissioning after new owner filed for bankruptcy
Situation raises concerns for tens of thousands of Sipp holders across the market
The co-working entrepreneur has made a late entry into an already complex bankruptcy process