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Bankruptcy Law Insights
Second Circuit Split Resolved: No PPP Loans for Debtors in Bankruptcy
By Robert L. LeHane, Ravi Vohra
In March, the U.S. Court of Appeals for the Second Circuit joined a growing majority of courts with Springfield Hospital, Inc. v. Administrator for the U.S. SBA, holding that no…
In The (Red)®
Official Bankruptcy Forms Revised To Reflect April 1, 2022 Dollar Amount Adjustments Now In Effect
As discussed in an earlier post called “Moving Up: Bankruptcy Code Dollar Amounts Will Increase On April 1, 2022,” various dollar amounts in the Bankruptcy Code and related statutory provisions were…
Nebraska Debt & Bankruptcy Blog
Zoom 341 Meetings Coming Soon
By Sam Turco
The Covid/19 pandemic has changed how we work forever, and bankruptcy practice is no exception. Just two years ago this is what we did: We met most new clients in…
In Solvency
When values become stale: valuation of collateral in bankruptcy proceedings – In re S-Tek 1, LLC, a case study
The Bankruptcy Code contemplates the valuation of a secured creditor’s collateral for a variety of purposes at different stages of a bankruptcy case. While title 11 of the United States…
Real Bankruptcy Intel
Opinion of Interest – In re Wolfson: A Potential Re-Evaluation of the “Undue Hardship” Test for Student Loan Borrowers
By Ashley Anglade, Aaron Gavant, Sean T. Scott
In its January 14, 2022 decision in In re Wolfson, the United States Bankruptcy Court for the District of Delaware discharged Chapter 7 debtor Ryan K. Wolfson of nearly $100,000…
Restructuring Matters
Foreign Debtors and Chapter 11 – Seeking Relief from Turbulent Skies
By Frederick (Rick) Hyman, Paul Muscutt, Cathryn Williams
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…
Bankruptcy Law Insights
Driving While Unimpaired – Delaware Judge Issues Important Ruling in Hertz Chapter 11 Case on Allowance of Make-Whole Premiums, Treatment of Unimpaired Creditors, and Postpetition Interest (Part 2)
By Ben Feder
The allowance of postpetition interest in solvent debtor chapter 11 cases has become an important issue in recent years for corporate issuers, bondholders and other creditors. This post will examine…
Restructuring Matters
Plan Support Covenants Survive Attack in Aeromexico’s Bankruptcy Proceeding
By Andrew Martin, Frederick (Rick) Hyman, Frank P. Jaklitsch
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…
Kent Anderson Law Blog
2022 Increases in Filing and Exemption Limits for Bankruptcy Cases
The Bankruptcy Code is full of specific dollar limitations and allowances. These figures include dollar limits on eligibility for use of Chapter 13 and many other amounts, such as the…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Tracer Filing LLC
By Cole Schotz
On February 3, 2022, Tracer Roofing of Humble, TX filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of…