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Kramer Levin Naftalis & Frankel LLP
Insurers with unwanted runoff blocks of business should consider the latest guidance from insurance regulators on potential transactional structures that could mitigate this issue.
Manatt, Phelps & Phillips LLP
Steward Health Care filed Chapter 11 on Monday May 6, 2024. Steward operates over 30 hospitals across Arizona, Arkansas, Florida, Louisiana, Massachusetts, Ohio, Pennsylvania and Texas...
Holland & Knight
Once a mortgage loan default occurs, the lender must decide remedies to pursue, which may include selling the note or suing the borrower and/or the guarantor(s).
Schulte Roth & Zabel LLP
In his latest article for The Bankruptcy Strategist titled, "Delaware District Court Could Guide Supreme Court Purdue Pharma Decision," Schulte Roth & Zabel of counsel Michael L. Cook...
Butler Snow LLP
With the COVID pandemic, remote video depositions and trial testimony very quickly went from rare to routine. Remote testimony, for the most part, is viewed as a convenience...
Seyfarth Shaw LLP
Corporate structures in commercial real estate transactions can often be very complex and involve layers of entities. Special purpose entities that are bankruptcy remote ("SPEs") are frequently used in commercial...
Schulte Roth & Zabel LLP
In an opinion issued on April 22, 2024, Judge Martin Glenn of the Bankruptcy Court for the Southern District of New York rejected the debtors' efforts to "lock up" plan ...
Katten Muchin Rosenman LLP
In this episode of the TMA Chicago Midwest Podcast, host Paul Musser speaks with Jim Keane and Greg Milligan from Harney Partners.
Lowenstein Sandler
A trade creditor can protect itself against collection risk by obtaining a security interest in its customer's assets to secure obligations owing to the creditor.
Katten Muchin Rosenman LLP
In the May episode of the TMA Chicago Midwest Podcast, I sat down with Jim Keane and Greg Milligan from Harney Partners to talk about the increased importance of receiverships...
Steptoe LLP
Chapter 15 of the US Bankruptcy Code is a powerful tool for foreign companies seeking to protect their US assets while undergoing foreign insolvency proceedings.
Dickinson Wright PLLC
Aleanna Siacon recently co-authored an article, "On Using Collateral Estoppel to Deny Discharge," published in the Michigan Business Law Journal.
Proskauer Rose LLP
As you know from our prior alerts, creditors of borrowers formed as Delaware LLCs (as opposed to corporations) lack standing under Delaware law to sue directors for breaching fiduciary...
Goulston & Storrs
Corporate restructurings are on the rise in 2024, as a slow burn of delayed insolvency from the COVID-19 pandemic works its way into bankruptcy court.
Seyfarth Shaw LLP
In a recent legal development that underscores the intricate interplay between federal bankruptcy law and the cannabis industry, a court case has emerged involving a bankruptcy filing by an employee of a cannabis company.
Ward and Smith, P.A.
A bankruptcy discharge relieves a debtor of their legal obligation to repay most debts. The Bankruptcy Code begins with a presumption of dischargeability for the honest but unfortunate debtor...
Lowenstein Sandler
In January 2024, the United States Bankruptcy Court for the Southern District of New York issued an opinion in the The Great Atlantic & Pacific Tea Company, Inc. bankruptcy case that tackled three fascinating preference-related issues.
Holland & Knight
In In re Pack Liquidating, LLC (Pack Liquidating), the U.S. Bankruptcy Court for the District of Delaware held that bankruptcy courts have authority to grant creditors...
Ward and Smith, P.A.
The North Carolina Commercial Receivership Act celebrated its three-year anniversary in January, and we are beginning to see how it can be a powerful weapon for creditors who need to take control...
A recent decision the Supreme Court of the State of New York has determined that the beneficial owners of bonds have standing to bring claims against the bond issuer and guarantors.
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