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 […]

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

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.

A nonconsensual third-party release approved by a Mexican court can be enforced in the United States under Chapter 15 of the Bankruptcy Code.

DIP financing is a specialized form of lending that allows a bankrupt company to borrow money after filing for bankruptcy protection.

When financial distress emerges and a bankruptcy filing follows, insider lease agreements are subject to close review and scrutiny by the court.

Receivers are faced with the usual obstacles of a cannabis receivership often paired with very large professional fees for lawyers and accountants.

In a ‘prepack bankruptcy’ the debtor negotiates a plan, solicits votes, and obtains the necessary votes in favor of the plan before the case is filed.

A Chapter 11 plan is often described as the heart of a bankruptcy case. A confirmed plan determines what the business looks like when the case is over.