Statute
Chapter 11
1,295 published works
Bankruptcy & Restructuring Law
New Chapter 11 Filing – TECT Aerospace Group Holdings, Inc.
By Cole Schotz
Late on April 5, 2021, TECT Aerospace Group Holdings, Inc., along with certain affiliates that manufacture high precision components and assemblies for the aerospace industry, filed a petition under Chapter 11…
Bankruptcy Law Insights
The Devil’s Triang(ular Setoff), Revisited – Third Circuit Affirms Denial of Corporate Parent’s Attempt to Set Off Debt Owed to Subsidiary
By Ben Feder
The U.S. Court of Appeals for the Third Circuit recently became the first circuit court to address the question of whether a corporate parent can set off an obligation that…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – The Collected Group, LLC
By Cole Schotz
On April 5, 2021, The Collected Group, LLC, along with certain affiliates that design, distribute, and retail three contemporary, consumer-inspired, apparel lifestyle brands: Joie, Equipment, and Current/Elliott, filed a petition under…
Real Bankruptcy Intel
What We’re Reading This Week [April 5, 2021]
By Danielle A. Corn, Sean T. Scott, Aaron Gavant
Bloomberg Law reports that that the U.S. Trustee’s Office is working to combat the recent rise of “pre-packaged” chapter 11 bankruptcy filings. A pre-packaged bankruptcy or a “pre-pack” refers to…
Herrick Restructuring Review
A&P Liquidation Will Pay Administrative Creditors Just $.20 on the Dollar: Is There a Better Way?
The Great Atlantic and Pacific Tea Company, better known as A&P, recently moved for approval of a structured dismissal of its most recent chapter 11 case. Debtors seek structured dismissal…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Entrust Energy, Inc.
By Cole Schotz
On March 30, 2021, Houston-based retail power provider Entrust Energy, Inc., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District…
DC Medical Malpractice & Patient Safety Blog
Plutocratic clan offers $1 billion more in bankruptcy bid to end opioid suits
Members of the plutocratic Sackler clan have upped the ante yet again in a bankruptcy court bid to settle thousands of lawsuits targeting Purdue Pharmaceutical, the company long in the…
Real Bankruptcy Intel
What We’re Reading This Week [March 22, 2021]
By Kyle J. Tum Suden, Sean T. Scott, Aaron Gavant
Bloomberg reports that HighPoint Resources Corp. received approval for its chapter 11 reorganization plan, clearing the way for its merger with Bonanza Creek Energy Inc. less than one week after…
Wiley Executive Summary
Delaware Trial Court Holds that Fraudulent Transfer Claim by Bankruptcy Trustee is a “Securities Claim”
Applying Delaware law, the Delaware Superior Court has held that a bankruptcy trustee’s fraudulent transfer claim constitutes a “Securities Claim” under a D&O policy. Verizon Commc’ns Inc. v. Nat’l Union Fire…
LawSites
Tech-Enabled Litigation Funder Legalist Expands Into Bankruptcy With $50M Fund
By Bob Ambrogi
Legalist, a San Francisco-based litigation finance company that uses technology to scour court dockets and determine the best cases in which to invest, is now expanding into bankruptcy, raising $50…