Deputy team lead//editing bankruptcy news @Blaw via @ReutersLegal, @Debtwire and @Law360. Chutch rhymes with hutch. [email protected]
Brooklyn
Joined February 2009
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Maria Chutchian retweeted
A US court’s recognition of Cannabist Co.’s Canadian proceedings could create a new bankruptcy path for cannabis companies with foreign operations. The industry faces losses, limited banking access, and restrictions tied to marijuana’s status under US law. news.bloomberglaw.com/bankru…
In its wind-down plan, Spirit laid out plans to pay millions in bonuses. by @awolf86
news.bloomberglaw.com/bankru…
Good reporting on the hurdles and risks immigrants tangled up in the Tricolor bankruptcy mess face if they try to pursue help on their loans
When you think of Tricolor, you think of defrauded banks like JPMorgan, not borrowers like Liliana. Immigrants say they were pushed into inflated loans. Getting relief won’t be easy, and some fear deportation if they show up in court. Our story on @BW: bloomberg.com/news/articles/…
Maria Chutchian retweeted
NEW: Defunct prison health-care company Tehum Care Services Inc.'s former insiders and affiliates, including YesCare Corp., have allegedly failed to make months of settlement payments to creditor trusts, risking renewed litigation.
news.bloomberglaw.com/bankru…
Maria Chutchian retweeted
NEW: The Pennsylvania Supreme Court ruled that the city of Chester, Pa. can’t unilaterally control the city’s water authority, reversing a lower court’s decision and making it harder for the city to exit bankruptcy. news.bloomberglaw.com/bankru…
Maria Chutchian retweeted
I really enjoyed working on this story about how foreign airlines turn to Chapter 11 in the US to access legal protections and tools that are often unavailable in their home countries. It was nice to include both US and LatAm voices. (No paywall!) @blaw
news.bloomberglaw.com/bankru…
not @JamesJNani stumbling into an early aughts rap beef
Maria Chutchian retweeted
Yellow Corp., once a US transportation leader, won court approval of its bankruptcy plan following two years of contentious litigation and pension disputes. news.bloomberglaw.com/bankru…
Maria Chutchian retweeted
NEW: Purdue Pharma gets bankruptcy plan/opioid liability settlement approved. The $7.4 billion plan, which was renegotiated after a 2024 Supreme Court ruling, gives creditors the option to keep their rights to sue the company's Sackler family owners. news.bloomberglaw.com/bankru…
Maria Chutchian retweeted
Have you ever wondered how much MTV pays Rob Dyrdek for Ridiculousness? I figured it out for @business: it’s at least $32 million for 336 episodes per year bloomberg.com/news/articles/…
Maria Chutchian retweeted
BREAKING: The bankruptcy of @DrPhil McGraw’s fallen media venture will be taken over by an independent trustee after a judge found the daytime television host intentionally destroyed a key text message, then denied it under oath in court.
news.bloomberglaw.com/bankru…
Maria Chutchian retweeted
Gordon Rees Scully Mansukhani admitted that one of its attorneys lied to a bankruptcy court when she denied that generative artificial intelligence was used in filings that contained fabricated citations. The law firm said it is “profoundly embarrassed.” news.bloomberglaw.com/bankru…
Maria Chutchian retweeted
Yellow's failed bid to slash around $6.5 billion in pension withdrawal liabilities is a significant win for one federal regulator, even as the underlying legal issue is up for a possible revisit by the Trump administration and other courts. Our analysis: news.bloomberglaw.com/bankru…
Maria Chutchian retweeted
A $2.5 billion settlement set up through the Boy Scouts bankruptcy to compensate child sex abuse victims is causing heartache for many. Mostly elderly former scouts are getting a fraction of what they anticipated through a process that could take years. news.bloomberglaw.com/bankru…
Really great work by @awolf86 on how people who say they were sexually abused as Boy Scouts may only see a fraction of settlement they thought they'd get.
“I’d like to live to see some of it,” Mickey, 82, said. “But at this rate you just don’t know.”
news.bloomberglaw.com/bankru…
Maria Chutchian retweeted
Spirit Airlines’ second bankruptcy in under a year lays bare the limits of Chapter 11’s feasibility test, which is intended to keep companies from returning to court for further restructuring. My latest story with colleague @JamesJNani: news.bloomberglaw.com/bankru…
Maria Chutchian retweeted
As Ramona Elliott steps into her role as acting director of the Justice Department’s bankruptcy watchdog following her predecessor’s firing earlier this year, she inherits an agency with a smaller workforce and greater oversight demands. My latest: news.bloomberglaw.com/bankru…
Maria Chutchian retweeted
As Congress returns from its August recess, the Senate is expected to consider raising Chapter 13 debt limits—a move that practitioners say would ease pressure on consumers from housing costs and student loans. My latest: news.bloomberglaw.com/bankru…
Maria Chutchian retweeted
After reviewing transportation bankruptcies and speaking with experts, I understood why trucking is the “canary in the coal mine.” Tariffs are slowing recovery, and immigration plans could further strain driver availability. My latest story for @Blaw: news.bloomberglaw.com/bankru…
Tax fraud and asset concealment are some of the most common types of suspected crimes in bankruptcies.
But unless there's "sex appeal," charges are highly unlikely, @angelicaserran0 reports for @bloomberglaw
I wanted to know what happens to criminal referrals in bankruptcy. Short answer: most go nowhere. Long answer: when they do lead to prosecutions, cases take years, resources are limited, enforcement priorities shift—and sometimes losses aren’t big enough. news.bloomberglaw.com/bankru…
