bankruptcy News

Insurers in Delaware Diocese Bankruptcy Balk at $15M Payout

A dispute over insurance payments is threatening to blow up the Catholic Diocese of Wilmington’s bankruptcy reorganization plan. Under the plan, the diocese, its parishes and affiliated entities would be released from legal claims related to priest sex abuse in …

GM Says Bankruptcy Excuses It from Impala Repairs

General Motors Co is seeking to dismiss a lawsuit over a suspension problem on more than 400,000 Chevrolet Impalas from the 2007 and 2008 model years, saying it should not be responsible for repairs because the flaw predated its bankruptcy. …