Stoli Group Files to Convert Two Chapter 11 Bankruptcy Cases to Chapter 7

Stoli Group filed to convert two of its U.S. companies from chapter 11 to chapter 7 bankruptcy after the company could not reach a restructuring agreement with its senior lender.

What assets do you lose in Chapter 7?

Filing for Chapter 7 can wipe out your debt quickly, but some property may be on the line if it isn't protected.
JD Supra

Filing of Adversary Proceeding Against Chapter 15 Debtor Violated Automatic Stay, and "Home Court" Rule Does Not Apply in Chapter 15 Cases

It is generally well understood that an order of a U.S. bankruptcy court recognizing a debtor's foreign bankruptcy case as a "main" proceeding under chapter 15 of the Bankruptcy Code triggers the ...
JD Supra

Chapter 15 Case Demonstrates Its Effectiveness as an Expedient Judicial Solution for Singaporean Insolvencies in the United States

Chapter 15 of the Bankruptcy Code (which is based upon the UNCITRAL Model Law on Cross-Border Insolvency) is designed to facilitate cross-border cooperation and coordination among courts during a ...
Nasdaq

Minerals Technologies Inc. Updates on BMI OldCo Chapter 11 Case, First Quarter 2025 Financial Results, and Cost Savings Program

Minerals Technologies Inc. updates on BMI OldCo's Chapter 11 case, announces Q1 2025 financial results, and initiates cost-saving measures. Minerals Technologies Inc. (MTI) provided an update ...