Business Bankruptcy

Editors’ Note: In March 2026, the Chapter 7 trustee for Polished.com sued former chief executive Albert Fouerti and 12 other former officers and directors in the United States Bankruptcy Court for the District of Delaware, seeking more than $200 million. At the center of the complaint is one payment: the $180 million Polished sent to Fouerti when it closed its $222 million acquisition of Appliances Connection in June 2021. The trustee says the company did not get anywhere near what it paid for. This article traces the full record behind […]

If you sold goods or services to a customer that filed Chapter 11 in the last two years, the window to prepare is right now. It closes the day the demand letter arrives.

Contract law is about holding people to their promises. Bankruptcy law does just the opposite.

A bipartisan bill would raise debt limits for Subchapter V and Chapter 13 bankruptcies, expanding access to lower-cost reorganization options.

CCHI’s restructuring is emblematic of broader industry challenges and provides a potential new roadmap for cannabis enterprises navigating similar distress.

Understanding bankruptcy avoidance actions and the defenses available can make a significant difference for companies facing litigation exposure.

The post-Purdue lesson is that the enforceability of a third-party release may depend not only on what the release says, but on where and how it was approved.

A recent Fourth Circuit decision is instructive for multiemployer plans and the employers that contribute to them when there is a bankruptcy filing.

The Supreme Court’s recent decision in the Hertz case underscores that a solvent debtor cannot have it both ways.

Understanding SARE cases requires an appreciation for how financial pressure, timing, and professional judgment come together in real-world scenarios.