Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • North Sea oil and gas producers hit back at Sunak’s £5bn windfall tax
    • China builds coalition to counter America’s ‘barbaric and bloody’ leadership
    • Europe plans for risk that Russia cuts gas supply this year
    • Military briefing: Ukraine’s battlefield agility pays off
    • G7 urges Opec to boost output to cool oil market
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • EY plans global audit spin-off in drastic Big Four shake-up
    • Still Top Gun? What Tom Cruise’s new movie tells us about American power
    • China builds coalition to counter America’s ‘barbaric and bloody’ leadership
    • On the waterfront: the political fight over organised crime at the Port of New York
    • US to retain focus on China as greatest threat to international order
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • EY plans global audit spin-off in drastic Big Four shake-up
    • Bankrupt former KPMG partner sues law firm over job loss
    • Forget ESG. Bring on the BS Index
    • JPMorgan collects data on borrowers’ race in push against wealth gap
    • Carl Icahn loses proxy fight with McDonald’s over pig welfare
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
    Most Read
    • Live news: US goods trade deficit narrowed in April as businesses slowed stockpiling
    • Live news updates from May 26: Putin confident Russia can shrug off sanctions impact, UK introduces energy windfall tax
    • Bull market rhymes lead to a turn in the investing cycle
    • Markets have become a minefield
    • The bullwhip effect, redux
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • Hard lessons from the crypto crash
    • Britain isn’t working. That should concern us all
    • Forget ESG. Bring on the BS Index
    • A tariff on Russian oil could pave the way to an embargo
    • Olivier Blanchard: ‘There’s a tendency for markets to focus on the present and extrapolate it forever’
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • Race at work: how hard are companies really trying?
    • Vive la différence between work and play
    • ‘A bonfire of the decencies’: Peter Hennessy on Boris Johnson’s government
    • Why presenteeism is an enduring corporate narcotic
    • The cold call is back and worse than ever
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Still Top Gun? What Tom Cruise’s new movie tells us about American power
    • Hard lessons from the crypto crash
    • ‘It’s not flavourless. It’s delicate and really, really nice’: the UK’s lager revolution
    • Aviva’s Amanda Blanc: ‘You prepare for everything. You do not prepare for comments like that’
    • Why does it feel good to do good?
  • How to Spend It
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
SubscribeSign In

Your guide to a disrupted world

Start a 4-week trial

Bankruptcy

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Tuesday, 1 March, 2022
    Lex
    US bankruptcy/J&J: new turn for Texas two-step Premium content

    Ruling opens a fresh chapter for resolving US tort cases

  • Friday, 25 February, 2022
    Johnson & Johnson Co Inc
    Johnson & Johnson can proceed with controversial bankruptcy strategy, judge rules

    Decision allows group to use the manoeuvre to manage tens of thousands of claims that its baby talc caused cancer

  • Friday, 18 February, 2022
    US opioid epidemic
    Sackler owners offer up to $6bn to settle Purdue Pharma bankruptcy

    Proposal revealed by court mediator comes after a judge rejected earlier deal

  • Friday, 28 January, 2022
    UK business & economy
    Voluntary insolvencies in England and Wales hit record high as state Covid support ends

    Business liquidations reach highest level since 1960, with small companies worst affected

  • Monday, 17 January, 2022
    Inside BusinessSujeet Indap
    Distressed debt titans Anchorage and Oaktree reveal industry shift

    Low levels of debt defaults have forced funds to adapt investing strategies

  • Wednesday, 12 January, 2022
    News in-depth
    Houston becomes a magnet for blockbuster US bankruptcies

    Legislators target ‘forum shopping’ as lawyers steer big cases to select cities

  • Tuesday, 28 December, 2021
    UK business & economy
    UK insolvencies expected to rise in 2022

    Businesses will continue to battle surging costs, supply chain woes and withdrawal of government support, say advisers

  • Friday, 17 December, 2021
    LexPurdue Pharma LP
    Sacklers/opioids: upended bankruptcy will be good for lawyers and perhaps no one else Premium content

    It is unfortunate that critics of the current system have not articulated a better one for the aggrieved

  • Friday, 17 December, 2021
    US opioid epidemic
    Judge overturns $4.5bn opioid-related settlement in Purdue Pharma bankruptcy

    Sackler family was to make multibillion-dollar contribution in exchange for protection from lawsuits

  • Monday, 29 November, 2021
    News in-depthPrivate equity
    Striking US coal miners say windfall for private equity forced pay to be cut

    Unions argue dividends taken by Apollo, Blackstone and KKR when Warrior exited bankruptcy came at workers’ expense

  • Tuesday, 16 November, 2021
    Oneweb Global Ltd
    OneWeb paid almost $50m in investors’ fees for bankruptcy deal

    Satellite internet group has raised $2.7bn since rescue by UK government and India’s Bharti

  • Thursday, 28 October, 2021
    Johnson & Johnson Co Inc
    J&J’s ‘Texas-two-step’ sparks outcry over US bankruptcy regime

    World’s largest healthcare company uses unusual legal manoeuvre to contain talc-based baby powder liabilities

  • Thursday, 21 October, 2021
    The FT ViewThe editorial board
    J&J’s Texas two-step waltzes over its liabilities

    Abusive deployment of Chapter 11 protection can erode consumer confidence

  • Tuesday, 19 October, 2021
    News in-depthHNA Group Co Ltd
    HNA creditors rebel against Chinese conglomerate’s restructuring plan

    Collapse is a critical test of Beijing’s handling of ‘too big to fail’ entities

  • Thursday, 14 October, 2021
    The FT ViewThe editorial board
    Policing the ‘wild west’ of UK insolvencies

    A forecast wave of post-pandemic business failures should prompt an overhaul

  • Monday, 27 September, 2021
    Coronavirus pandemic
    Coronavirus: Harvard moves first-year MBA students online amid rise in breakthrough cases - as it happened
  • Wednesday, 1 September, 2021
    Purdue Pharma LP
    Sacklers shielded from future lawsuits in Purdue settlement

    Judge approves bankruptcy plan for opioid maker in which family will pay $4.5bn

  • Sunday, 15 August, 2021
    FT InvestigationsInside Wirecard
    Top German asset manager takes Wirecard administrator to court over losses

    Landmark lawsuit will be closely watched by payments group’s former shareholders, bondholders and lenders

  • Thursday, 12 August, 2021
    Coronavirus pandemic
    Coronavirus: Supreme Court’s Barrett rejects challenge to Indiana University’s vaccination mandate - as it happened
  • Thursday, 12 August, 2021
    Lex
    US bankruptcy: delayed filings store up future trouble Premium content

    Financial engineering will make workouts trickier than usual

  • Sunday, 8 August, 2021
    News in-depthUS opioid epidemic
    Purdue’s bankruptcy deal shields Sackler family owners from future opioid liability

    Critics say concessions in case regarding the company diminishes accountability in overdose scandal

  • Tuesday, 22 June, 2021
    UK business & economy
    HMRC to go easy on struggling UK companies to help with Covid debt

    Business secretary promises ‘cautious approach’ on collection of tax arrears built up during pandemic

  • Monday, 14 June, 2021
    LexUS retail
    US mall bankruptcy: an opportunity to catch a consumer rally Premium content

    Washington Prime’s shares sank, but its bonds traded up — a sign of first-mover advantage

  • Monday, 14 June, 2021
    Coronavirus economic impact
    End of government Covid support set to cause further corporate distress

    Restructuring experts predict another wave of problems for many businesses that took government support

  • Monday, 7 June, 2021
    SoftBank-backed Katerra files for bankruptcy

    Construction start-up had borrowed from collapsed Greensill Capital

Previous page You are on page 1 Next page

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT TransactSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

Community & Events

FT CommunityFT LiveFT ForumsFT Board DirectorBoard Director Programme

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2022. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

Subscribe for full access
  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
  • US
    • US Economy
    • US Companies
    • US Politics & Policy
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • How to Spend It
  • Special Reports
  • FT recommends
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • FT Community
    • FT Live
    • FT Forums
    • Board Director Programme
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In