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U.S. Bankruptcy Judge Stacey Jernigan approved Mt. Gox’s filing for protection under Chapter 15 of the bankruptcy law in Dallas on June 17, according to Bidness Etc. The beleaguered bitcoin exchange closed down earlier this year after losing over $300 million worth of the cryptocurrency. Under its Chapter 15 filing, Mt. Gox will be able to commence […]

The Supreme Court clarified a prior ruling on June 9 that put limits on bankruptcy judges’ powers, according to The Wall Street Journal. The unanimous ruling in the case of Executive Benefits Insurance Agency v. Peter H. Arkison clarifies a 2011 ruling as to on which claims the bankruptcy may give a final ruling and […]

The Atlantic Club Casino Hotel recently announced that it has filed for protection under Chapter 11 of the bankruptcy law, and that it plans to seek bids from potential buyers over the coming weeks. The company, which filed bankruptcy proceedings in the U.S. Bankruptcy Court in Camden, N.J., hopes to be sold at a bankruptcy auction […]

Rural/Metro, an ambulance and fire protection services company, announced it has filed for Chapter 11 bankruptcy protection. The company has already established a reorganization plan following an agreement with its lenders to reduce debt liabilities by half. The company filed paperwork with the U.S. Bankruptcy Court in Wilmington, Delaware, and cited “significant challenges and disruptions operating its […]

Endicott Interconnect Technologies has filed for bankruptcy protection with the U.S. Bankruptcy Court in Utica, and says that layoffs may quickly follow. The company, which was recently spun off from IBM in 2002 in the hopes of saving thousands of jobs, announced its plans to file for Chapter 11 protection and sell its assets to meet […]