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830 published works
Real Estate Advisor Law Blog
Losing Priority: The Risk of Noninsider Equitable Subordination
Following an era of relaxed standards for issuing loans, lenders must be aware of a bankruptcy court’s ability to subordinate liens for equitable reasons. On May 13, 2009, in In re…
In Solvency
Samsonite Files for Bankruptcy and Plans to Reject Up to 84 Store Leases
By Fox Rothschild LLP, Fox Rothschild LLP
Samsonite Corporation, one of the world's largest luggage manufacturers, filed for bankruptcy in the United States Bankruptcy Court for the District of Delaware on September 2, 2009. According to Samsonite's…
In Solvency
Auto Parts Manufacturer, Proliance International, Files for Bankruptcy 18 Months After a Tornado Destroys Distribution Facility
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction Proliance International ("Proliance" or "Debtor"), an automotive heating and cooling parts manufacturer, filed for bankruptcy in the United States Bankruptcy Court for the District of Delaware on July 12,…
M & A Law Prof Blog
New GM Press Conference
By CorporateAcquisitions MergerLawBlogger
The GM 363 transaction will close this morning. Listen in to the webcast/press conference announcing the New GM at 9:00AM (ET). The call-in number to listen is: 800 230-1093 (U.S.)…
Latin American Blog
Cross-Border Insolvency: A Primer on Chapter 15 of the U.S. Bankruptcy Code
By Gabe Matus The current global economic crisis has spawned a recent wave of complex insolvency proceedings in jurisdictions spanning the globe. Add to the mix the increasingly global nature of…
Energy & Environmental Law Blog
Bankruptcy: NAESB Contracts
By Vorys
Bankruptcy and energy are topics frequently in the news these days, reminding us of the following case: Earlier this year, the United States Court of Appeals for the Fourth Circuit…
Delaware Bankruptcy Update
Pacific Ethanol Files for Bankruptcy and Seeks DIP Financing From Its Prepetition Lenders
Introduction On May 17, 2009 (the "Petition Date"), Pacific Ethanol filed for bankruptcy in the United States Bankruptcy Court of the District of Delaware. According to Pacific Ethanol's Declaration in Support of First…
Georgia Bankruptcy Blog
MD Ga – Stay Lifted For Lender To Repossess Vehicle Even Where Non-Debtor Assets That Served As Collateral Had Value In Excess Of Loan
By Sunghee Sohn
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Delaware Bankruptcy Update
What Information is Required in a Chapter 11 Disclosure Statement?
Introduction On June 25th, the Debtors in the SemCrude bankruptcy present their Motion Approving Debtors' Disclosure Statement (the "Motion"). Debtors' Motion provides a good opportunity to review the standards by…
In Solvency
What Information is Required in a Chapter 11 Disclosure Statement?
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction On June 25th, the Debtors in the SemCrude bankruptcy present their Motion Approving Debtors' Disclosure Statement (the "Motion"). Debtors' Motion provides a good opportunity to review the standards by…