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On September 13th, the Liquidating Trustee (the “Trustee”) in the Graceway Pharmaceuticals (“Graceway”) bankruptcy filed preference complaints against approximately 25 different defendants. The Trustee is seeking to avoid and recover what he contends are avoidable preferences under section 547 of the United States Bankruptcy Code. 

After Hostess Brands’ bankruptcy liquidation, Twinkies made their return to store shelves this summer.

Capitol Bancorp has gone to court seeking to protect its remaining community banks from potential closure, arguing that the Federal Deposit Insurance Corp. is improperly pressuring state regulators and that closure would cost the government agency more than if the banks are sold at auction.

Unhinged from their dream of running a museum crowded with tourists who are eager to learn about young America’s Westward expansion, officials at the Great Platte River Road Archway Monument in Nebraska will settle for mediocre attendance and no more bond debt.

Officials at the oddball museum, which sits atop stilts that straddle Interstate 80 near Kearney, Neb., are proposing to pay a mere $50,000 to bondholders who are owed $20 million, according to the bankruptcy-exit plan they’ve proposed to a judge.

Before the first spectator set foot inside a courtroom for the city’s debut bankruptcy hearing Wednesday morning, the judge in charge of Detroit’s historic Chapter 9 case laid out some ground rule