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Crypto Digest
Voyager’s Bankruptcy Case is Picking Up Steam
By Frederick (Rick) Hyman, Gregory Gennady Plotko
There is much to report since our last update on Voyager Digital’s bankruptcy case discussed here. Importantly, the court set a “bar date” with respect to claims arising prior to…
Credit Chronometer
The Crypto Winter Has Led to Summer Bankruptcies
“Winter is coming. We know what’s coming with it."— Jon Snow, Game of Thrones, A Song of Ice and Fire Despite record-breaking heat waves setting wildfires across the globe this…
The HB Blog
Bankruptcy Basics – Executory Contracts and Ipso Facto Clauses
By Ethan Minkin
In this post, I will discuss executory contracts and ipso facto clauses. These are both important basic concepts for bankruptcy proceedings, especially Chapter 11 proceedings (commonly known as a “reorganization”…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – SAS AB
By Cole Schotz
On July 5, 2022, Scandinavian airline SAS AB, along with several affiliates, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – First Guarantee Mortgage Corporation
By Cole Schotz
On June 30, 2022, Plano, Texas-based mortgage lender First Guaranty Mortgage Corp. (“FGMC”), filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the…
Real Bankruptcy Intel
What We’re Reading This Week [June 23, 2022]
By Danielle A. Corn, Aaron Gavant, Sean T. Scott
Reuters reports that the New Jersey bankruptcy judge overseeing the bankruptcy proceedings of Johnson & Johnson subsidiary LTL Management will allowing certain talc tort cases against Johnson & Johnson to…
In Solvency
President Biden Signs Bill Extending Temporary $7.5 Million Subchapter V Debt Limit Increase Into 2024
Today, President Biden signed into law the Bankruptcy Threshold Adjustment and Technical Corrections Act, S. 3823, 117th Cong. (the “Act”), which, among other things, continues the temporary expansion of subchapter…
Georgia Bankruptcy Blog
Judge Bonapfel – When Are Educational Loans Business Debts For Purposes of Qualifying for Chapter 7?
By Scott Riddle
In the case of In re Ruff, 2022 B.R. 1638964, Ch. 7 Case No. 20-68855-pwb (Bankr. N.D.Ga. March 31, 2022) (click here for .pdf) the issue was whether the educational…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Armstrong Flooring, Inc.
By Cole Schotz
On May 8, 2022, Armstrong Flooring, Inc., a Lancaster, Pennsylvania-based designer and manufacturer of innovative flooring solutions, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the…
Bankruptcy Law Insights
Ten Years Gone – Delaware Bankruptcy Judge Rejects Effort to Extend Lookback Period for Avoidance of Pre-Bankruptcy Transfers
By Ben Feder
A recent decision by Delaware Bankruptcy Judge John Dorsey will limit the ability of bankruptcy trustees to expand the lookback period for avoiding pre-bankruptcy transfers beyond the four years provided…