Statute
Chapter 11 Bankruptcy Code
54 published works
Louisiana Law Blog
The Recent Change to Small Business Bankruptcy Rules Will Hurt Banks and Other Secured Lenders
Banks and other secured lenders are going to experience more losses, and larger losses, on small and mid-market loans because fewer businesses are eligible to be a “small business debtor”…
The CLS Blue Sky Blog
The Beauty of Belk’s Sixteen-Hour Banrkuptcy Case
By Robert K. Rasmussen, Roye Zur
In recent years, Chapter 11 of the Bankruptcy Code has prompted critics to claim that, at least when it comes to large companies, it has become a lawless forum where…
Credit Report
Are Unmatured Lease Obligations Considered Noncontingent Debt for Purposes of Calculating Eligibility to File a Subchapter V Bankruptcy?
By Joseph Orbach, Henry B. Thomas
Congress passed the Small Business Reorganization Act of 2019 (the "SBRA") to benefit small businesses. The SBRA established a new framework within Chapter 11 of the Bankruptcy Code, known as…
Credit Chronometer
Law360 | Long Before FTX, Criminal Cases Have Complicated CH. 11
The FTX bankruptcy proceeding has become tangled with the criminal trial of Sam Bankman-Fried, following a path forged by some of the largest bankruptcies and frauds of the past such…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Packable Holdings, LLC.
By Cole Schotz
On August 28, 2022, Hauppauge, N.Y.-based Packable Holdings, LLC, a privately-owned tech-enabled e-commerce company, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court…
FinTalk
Cryptocurrency Hedge Fund Three Arrows Capital and Platform Voyager Digital Resort to Bankruptcy for Relief
The first week of July has brought with it a flurry of activity in the digital asset markets – but not the type of activity that investors in the space…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Voyager Digital
By Cole Schotz
On July 5, 2022, New York-based cryptocurrency exchange, Voyager Digital Holdings, Inc. along with its publicly traded Canadian affiliate, Voyager Digital Ltd., filed a petition for relief under Chapter 11…
FinTalk
Foreign Debtors and Chapter 11 – Seeking Relief from Turbulent Skies
By Cathryn Williams, Paul Muscutt, Frederick (Rick) Hyman
Foreign companies seeking to protect their overseas assets from their creditors have often turned to the United States for immediate relief under Chapter 11 of the Bankruptcy Code. Establishing jurisdiction…
FinTalk
Plan Support Covenants Survive Attack in Aeromexico’s Bankruptcy Proceeding
By Frederick (Rick) Hyman, Frank P. Jaklitsch, Andrew Martin
Earlier this year, Mexican airline, Grupo Aeromexico, S.A.B. de C.V. (together with its affiliates, the “Debtors”) announced that their creditor body had overwhelmingly voted to approve their proposed Chapter 11…
The CLS Blue Sky Blog
How Holdouts Put Restructuring at Risk
Corporate creditors, perhaps like Americans generally, like to think of themselves as rugged individuals who also work within a communal system. The fundamental tension is clearest at the point of…