Closing a Business Through Chapter 7 Bankruptcy: A Guide for Owners
Short Answer Business owners who can no longer pay company debts, or who are already being sued or pursued by creditors, including the SBA, after shutting down, often have a safer and more orderly path through Chapter 7 bankruptcy than through an informal closure. Filing puts the automatic stay in place, halting lawsuits and collection […]
FTX Distribution Record Date June 16, 2026 and Distribution Date July 31, 2026: What Creditors Need to Know — and What to Do If You’re Locked Out of the Portal
The FTX Recovery Trust has confirmed that the next distribution date is July 31, 2026 — and the record date to qualify is June 16, 2026. If you hold an FTX claim and have not yet completed the required pre-distribution steps, time is critically short. At Bankruptcy Attorney Co., we recently helped a creditor who […]
Preference Adversary Claims Filed in F21 OpCo, LLC, et al. (Forever 21) Case Number: 25-10469
The bankruptcy of F21 OpCo, LLC, et al and its debtor affiliates in the District of New Jersey (Case No. 25-10469 has triggered an extensive wave of preference-adversary claims under §547 of the Bankruptcy Code. If your company is a trade creditor, vendor, supplier or other contract counterparty that did business with the F21 OpCo, […]
Preference Adversary Lawsuits Filed in Rite Aid Corporation, et al. Chapter 11 Case no. 23-18993 MBK
The bankruptcy of Rite Aid Corporation and its debtor affiliates in the District of New Jersey (Case No. 23-18993 (MBK)) has triggered an extensive wave of preference-adversary lawsuits under §547 of the Bankruptcy Code. If your company is a trade creditor, vendor, supplier or other contract counterparty that did business with the Rite Aid debtors […]