Statute
Chapter 11
1,295 published works
In Solvency
NRA Bankruptcy Case Dismissed for Cause Because It Was Not Filed in Good Faith
Judge Harlin D. Hale of the United State Bankruptcy Court for the Northern District of Texas dismissed the chapter 11 bankruptcy case filed by the National Rifle Association (the “NRA”)…
Nebraska Debt & Bankruptcy Blog
Bankruptcy Firm Using Local Counsel Model Sanctioned
By Sam Turco
I've received ten of these emails in the past year from the Babbs Law Firm based in Orlando, Florida: "Good morning Attorney Turco, My name is Terrylle, and I am…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Gateway Kensington LLC
By Cole Schotz
On May 14, 2021, Gateway Kensington LLC, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 21-22274). …
In Solvency
JEVIC OPINION ILLUSTRATES THE IMPORTANCE OF LANGUAGE USED IN ORDERS
The In re Jevic Holding Corp. chapter 11 case continues to make news. The case is likely best remembered for the 2017 Supreme Court decision holding that the distribution scheme…
Herrick Restructuring Review
Voting Rights Provisions in Intercreditor Agreements May Not Be Enforceable As Expected
By Gabrielle Fromer, Stephen Selbst
In an anomalous decision by the Bankruptcy Court in the District of Kansas, the court declined to enforce the voting provisions in subordination agreements that allowed the senior creditor to…
Restructuring Globalview
You Shall Not Pass – Bankruptcy Court in Intelsat Grants Debtors’ Motion to Seal Hearing
On April 19, 2021, the United States Bankruptcy Court for the Eastern District of Virginia granted a motion (the “Seal Motion”) filed by the Intelsat S.A. debtors (the “Debtors”) to…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Augustus Intelligence Inc.
By Cole Schotz
On April 24, 2021, Augustus Intelligence Inc., a New York based AI systems developer, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District…
New Jersey Law Blog
Old Country Buffet’s Parent, Fresh Acquisitions, Files for Chapter 11 Bankruptcy in Northern District of Texas
Old Country Buffet’s parent corporation, Fresh Acquisitions, LLC, filed for Chapter 11 bankruptcy protection on Tuesday, April 20, 2021, in the Northern District of Texas, docket # 21-30721. The San…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Connections Community Support Programs, Inc.
By Cole Schotz
Late on April 19, 2021, Wilmington, Del.-based non-profit Connections Community Support Programs, Inc. (“CCSP”), which provides psychiatric/behavioral health services, substance use disorder treatment, housing and veterans’ services, intellectual disabilities services…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Automotores Gildemeister SpA
By Cole Schotz
On April 12, 2021, Automotores Gildemeister SpA of Santiago, Chile filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of…