NEW: Rudy W. Giuliani's bankruptcy bears striking similarities to that of right-wing conspiracy theorist Alex Jones, who recently learned that filing for bankruptcy won’t necessarily eliminate debts stemming from defamation rulings. news.bloomberglaw.com/bankruptcy-law…

the SPAC boom went bust in 2023 with at least 21 bankruptcies representing $46 billion in shareholder losses. this is what happens to mom and pop investors when Wall Street moves-on from a finance fad it hyped, w/Amelia Pollard

The resumption of student loan payments is off to a rocky start, the CFPB reports today. I'm reminded by this that anyone trying to discharge student loan debts in bankruptcy has a stronger case by first entering an income-driven repayment plan.

NEW: A bipartisan group of US senators called on the Supreme Court to reject a tactic used by a bankrupt Georgia-Pacific LLC affiliate that they said is causing delays to asbestos victims’ lawsuits. news.bloomberglaw.com/bankruptcy-law…

WALKOUT: Today, me & my Daily News Union coworkers are walking off the job for 24 hours because we love the Daily News & are fed up with Alden Global Capital's constant cuts. Please support us by not engaging with Daily News stories or content in any way today. #defendtheNYDN 1/4

DO NOT CROSS THE (CLICK-IT) LINE

Rudy Giuliani, in bankruptcy court Wednesday, said he believes he’s owed about $2 million in unpaid legal fees by the Trump campaign and RNC. The former mayor is caught in an odd situation - owing and being owed money related to his 2020 campaign work. news.bloomberglaw.com/bankruptcy-law…

Former mayor Giuliani outside of bankruptcy court yesterday evening talking about the US Trustee examination of his financial statements, and clarifying that the Trump campaign, not the former president, owes him an estimated $2 million in unpaid legal fees.

Today at Law360, our parent company announced record profits for 2023, and then our EIC laid off 10% of the newsroom. Horrendous.

NEWS: In an application attempting to halt the Boy Scouts bankruptcy plan from being implemented (essentially until the Purdue Pharma case is resolved), Justice Alito issues an administrative stay while the court considers the request. Docket: supremecourt.gov/docket/docketf…

NEW: The families of Sandy Hook school shooting victims voted overwhelmingly in favor of a plan to wrap up Alex Jones’ bankruptcy proceedings by liquidating the right wing talk show host’s assets. From Alex Wolf news.bloomberglaw.com/bankruptcy-law…

Sometimes you need the help of others to get eyeballs to an important story. Thanks, Brian Allen

BREAKING: The US Supreme Court vacated an administrative stay that temporarily halted the Boy Scouts of America’s bankruptcy plan, allowing the resumption of payments from the largest sex abuse settlement in US history. From Alex Wolf news.bloomberglaw.com/bankruptcy-law…

The bankrupt shell company of a prison health care provider is seeking approval of a deal that could release hundreds of legal claims over wrongful deaths and poor care. The case is expected to shed more light on a controversial corporate legal trick being used in mass torts.

NEW: The lead lawyer for the bankrupt parent of Alex Jones’ Infowars moved to withdraw from the right-wing media company’s Chapter 11 case, saying his relationship with the chief officer is “fundamentally broken.” From Alex Wolf news.bloomberglaw.com/bankruptcy-law…

The bankrupt parent to Alex Jones' Infowars says it supports a request by its lead attorney to withdraw from the bankruptcy case. The company chief accused the lawyer of breaching confidentiality by mentioning a dispute over a yet-to-be filed legal action. news.bloomberglaw.com/bankruptcy-law…

Rudy Giuliani's creditors are preparing to apply pressure over uncollected legal payments that Donald Trump may owe his former lawyer. The creditors are prepared to take matters into their own hands in Giuliani's bankruptcy, according to sources. news.bloomberglaw.com/bankruptcy-law…

1/ Even though Rite Aid's bankrupt, its CEO is making $300,000 a month. Its lawyers are making $2,000 an hour. Lenders are making millions. But thousands of opioid victims who have sued the company are expected to get nothing at all. Gift link --> bloomberg.com/news/features/…

NEW: Johnson & Johnson announces a claimant voting deadline of July 26 at 4 p.m. CT for a proposed THIRD proposed Chapter 11 plan for its talc subsidiary.

A judge has dismissed Rudy Giuliani's bankruptcy case following several months of "uncooperative conduct" and failures to provide full financial records. The former mayor faces more than $150 million in legal liabilities. news.bloomberglaw.com/bankruptcy-law…