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Bankruptcy & Restructuring Law
New Chapter 11 Filing – Checkmate Communications, LLC
By Cole Schotz
On November 2, 2020, Checkmate Communications, LLC of Jersey City, NJ filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Friendly’s Restaurants
By Cole Schotz
On November 1, 2020, FIC Restaurants, Inc. of Wilbraham, MA, operator of the casual dining restaurant chain Friendly’s, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy…
Delaware Bankruptcy Blog
Sears and Kmart Preference Actions Filed En Masse in the Southern District of New York
By Carl D. Neff
Starting on October 8, 2020, Kmart Holding Corporation, Sears, Roebuck & Co. and other affiliated debtors of Sears Holdings Corporation (“Debtors") collectively filed over 400 complaints in the United States…
Delaware Bankruptcy Blog
A Primer on Defenses to Bankruptcy Preference Claims
By Carl D. Neff
Your business provided goods or services to another company. Shortly thereafter, that company then files for bankruptcy, and owes your business substantial sums of money. After the filing of the…
Delaware Bankruptcy Blog
Top Five Tips for Commercial Landlords Dealing with a Tenant in Bankruptcy
By Carl D. Neff
There has been no shortage of significant bankruptcy filings in 2020 as a result of the ongoing pandemic. Large companies such as J.C. Penney, Brooks Brothers, Lucky Brand, GNC, subsidiaries…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – MGDJR Properties LLC
By Cole Schotz
On September 24, 2020, MGDJR Properties LLC filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of New Jersey (Case…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Kettner Investments, LLC
By Cole Schotz
On September 16, 2020, Kettner Investments, LLC based out of Santee, California, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the…
Financial Services Perspectives
Tenth Circuit Agrees with the Fifth Circuit – Private Student Loans May be Dischargeable in Bankruptcy
By Keith S. Anderson, Alexandra Dugan
The 10th Circuit has joined several circuit courts holding that private student loans are dischargeable in bankruptcy. In McDaniel v. Navient Solutions, a case of first impression in the 10th…
Tax Controversy Posts
Tax Claims in Bankruptcy: Straddle Year Approach to Priority Rejected
The Bankruptcy Code sets priorities for certain claims to help assure that they get paid. 11 U.S.C. § 507(a). A tax can qualify as an administrative expense, the second-highest priority,1…
Delaware Bankruptcy Blog
Arandell Holdings, Inc. Files for Chapter 11 Relief in Delaware
By Carl D. Neff
Arandell Holdings, Inc. and its affiliated debtors ("Arandell" or the "Debtors"), a catalog printing services company, recently filed for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy…