Statute
Chapter 11
1,295 published works
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Hamon Holdings Corporation
By Cole Schotz
On April 24, 2022, Hamon Holdings Corporation of Somerville, N.J. filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Sungard
By Cole Schotz
On April 11, 2022, Sungard AS New Holdings, LLC and several affiliates have filed a petition for Chapter 11 relief in the Bankruptcy Court for the Southern District of Texas…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Ruby Pipeline
By Cole Schotz
On March 31, 2022, Ruby Pipeline, L.L.C., a Houston-based operator of a 680-mile natural gas system from Opal, Wyoming, to interconnections near Malin, Oregon, filed a petition for Chapter 11…
Bankruptcy Law Insights
Does a Declaration of Independence Suffice? A New Study Raises Significant Questions About “Independent Directors” of Large Distressed Companies
By Ben Feder
A paper to be published soon in the University of Southern California Law Review, “The Rise of Bankruptcy Directors,” is sharply critical of the increased use of supposedly “independent directors”…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Footprint Power
By Cole Schotz
On March 23, 2022, Massachusetts-based Footprint Power Salem Harbor Development LP and certain affiliates, which operate a 674 MW natural gas-fired combined-cycle electric power plant in Salem, Massachusetts, filed a…
Finance & Bankruptcy Law Blog
The Role of the Independent Director in a Restructuring
The practice of appointing one or more independent directors to the boards of distressed companies has not only proliferated in recent years, but has become the subject of increasing controversy.…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Buyk Corp
By Cole Schotz
On March 17, 2022, New York-based Buyk Corp., a mobile app grocery delivery service operating in New York and Chicago, filed a petition for relief under Chapter 11 of the…
Litigation Finance Journal
Billionaire Seeks Litigation Bankruptcy Protections
By John Freund
Guo Wengui, a notable Chinese billionaire with close connections to Republican advisor Steve Bannon, has filed for Chapter 11 bankruptcy protections. Recently, a court ordered Wengui to pay $134M in…
New Jersey Law Blog
What to do When Your Franchisee Files for Bankruptcy
With the economic downturn caused by COVID-19, many expected a tidal wave of commercial bankruptcy filings. After an initial spike of retail bankruptcy cases at the outset of the pandemic,…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – BH Cosmetics
By Cole Schotz
On Friday, January 14, 2022, BH Cosmetics Holdings LLC, a beauty brand based in North Hollywood, California filed a petition for chapter 11 relief in the Bankruptcy Court for the District…