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The Banker’s Suit
Chief Bankruptcy Judge for the Northern District of Iowa Reduces Oversecured Creditor’s Attorney Fees by 30%
In my blog post from November 2020 I discussed disgorgement of debtor attorney fees under 11 U.S.C. § 329 for excessiveness. The main objective was to remind debtor attorneys that…
Global Trade Policy Blog
Coronavirus Relief Package Provides Bankruptcy Protection to US Customs Brokers to Help Keep Trade Flowing
Buried inside the Consolidated Appropriations Act, 2021, which the President signed into law on December 27, 2020, is a critical provision that will help keep US trade flowing during the…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – 203 W 107th Street LLC
By Cole Schotz
On December 28, 2020, 203 W 107th Street LLC filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New…
In Solvency
Subchapter V, Not a Moment Too Soon
Although enacted before the COVID-19 pandemic, the new Subchapter V of Chapter 11 of the Bankruptcy Code seems almost prescient now and could be a game-changer for small businesses looking…
Real Bankruptcy Intel
Opinion of Interest – In re CEC Entertainment Inc.: COVID Disruptions Do Not Justify Additional Rent Deferrals Beyond Initial 60-Day Period Expressly Permitted by Bankruptcy Code
By Alexander F. Berk, Samuel R. Rabuck, Sean T. Scott, Aaron Gavant
In a new opinion issued in the Chuck E. Cheese bankruptcy cases, In re CEC Entertainment, Inc., Case No. 20-33163 (Bankr. S.D. Tex.),1 Judge Marvin Isgur of the U.S. Bankruptcy…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Francesca’s Holding Corporation
By Cole Schotz
On December 3, 2020, Francesca’s Holding Corporation, a Houston-based apparel, jewelry, accessories, and gift retailer with approximately 558 locations in 45 states, and its subsidiaries filed petitions for relief under…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – White Stallion Energy, LLC
By Cole Schotz
On December 2, 2020, White Stallion Energy, LLC, an Evansville, Ind.-based coal mining company, along with 18 affiliated debtors filed petitions for relief under Chapter 11 of the Bankruptcy Code…
Cannabis Legal Highlights
Marijuana Industry Takes a Big Hit in Federal Bankruptcy Court in 2020
Legalization of marijuana continues at the state level including in several new states this November, but it remains illegal at the federal level. Given this illegal status, businesses and individuals…
Feher Law Blog
Can I keep my car in bankruptcy?
By Known
When you file for bankruptcy, any vehicle you own is property of your bankruptcy estate. This means that unless your vehicle is financed or exempt, it may be taken in…
Talkov Law Blog
Is a Home Mortgage Consumer Debt in Bankruptcy? [In re Kelly]
By Nick Moss
What is Consumer Debt? – Consumer Debt Definition under the Bankruptcy Code Consumer debt is defined in the United State Bankruptcy Code as “debt incurred by an individual primarily for…