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Daily Bankruptcy and Restructuring Headlines

August 05, 2022
Art to Wagyu beef: A look into the latest on Iron Horse’s Chapter 11 bankruptcy

As Iron Horse owner Tim Dixon works to emerge from a foreclosure and voluntary Chapter 11 bankruptcy filing, he is reporting that the hotel’s operations are improving as it gets further from the start of the Covid-19 pandemic in 2020.


Space infrastructure Company Masten Space Systems filed chapter 11 in Delaware, reporting $10 million to $50 million in both assets and liabilities. Learn more:

Space infrastructure Company Masten Space Systems filed chapter 11 in Delaware, reporting $10 million to $50 million in both assets and liabilities. Learn more: ow.ly/BOFj50KbARM - Reorg (@Reorg)08:01 - Aug 04, 2022


FERC Turf War With Bankruptcy Courts Persists Despite Losses

Despite legal challenges brought by FERC, courts are ruling that energy industry players can reject their federally regulated contracts through bankruptcy without the agency's approval. Andrew Harrer/Bloomberg FERC Turf War With Bankruptcy Co...


DNA Tech Firm Bankruptcy Loan on Hold Pending Call for Dismissal

Gene sequencing startup Genapsys Inc. will have to show it had genuine authority to file for bankruptcy before it can fully access a $4 million Chapter 11 loan or auction its business, a judge said. “It would not be appropriate” to grant the bio-t...


GenapSys Founders Win Delay On Bankruptcy Sale, Loan

By Leslie A. Pappas (August 4, 2022, 2:08 PM EDT) -- GenapSys Inc. may not finalize a sale process or bankruptcy financing until its founders have a chance to argue why the gene sequencing company's Chapter 11 case should be dismissed, a ...


Baker Donelson Announces New Bankruptcy Group Chair

By Tracey Read (August 4, 2022, 2:34 PM EDT) -- Baker Donelson Bearman Caldwell & Berkowitz PC has a new chair for its corporate restructuring and bankruptcy group. Eric L. Pruitt, a shareholder in Baker Donelson's Birmingham, Alabam...


Bankrupt Brazos Loses Bid to Recoup $92 Million for Gas Gouging

Brazos Electric Power Cooperative lost its bid to claw back about $91.9 million of alleged overpayments for natural gas during the February 2021 winter storm in Texas after a bankruptcy judge partially sustained gas suppliers’ motions to dismiss. ...


Bankruptcy Code § 363(m) is now up for interpretation at the U.S. Supreme Court

On June 27, 2022, the U.S. Supreme Court granted certiorari in MOAC Mall Holdings LLC v. Transform Holdco LLC (21-1270) to resolve a Circuit split over whether section 363(m) of the Bankruptcy Code limits appellate jurisdiction over bankruptcy s...


Saving the Iron Horse: Why the prominent hotel filed for bankruptcy

“We are the best of the best,” Iron Horse developer and majority owner Tim Dixon said of the downtown Milwaukee hotel’s performance this summer as the Covid-19 pandemic loosened its grip on the hospitality industry.


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