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Chapter 11
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Plan Proponent
ABI Commission Report – Third-Party Releases in Plans
This is the next post in Plan Proponent’s series on the confirmation-related recommendations in the ABI Commission Report (and, in particular, its Exiting the Case piece). In our prior ABI Commission post, we covered the Commission's…
Plan Proponent
ABI Commission Report – Exculpatory Clauses in Plans
This is the next post in Plan Proponent’s series on the confirmation-related recommendations in the ABI Commission Report (and, in particular, its Exiting the Case piece). In this post, we'll cover the Commission's recommendations regarding "Exculpatory Clauses"…
Delaware Bankruptcy Update
Frederick’s of Hollywood Files Chapter 11 Bankruptcy in Delaware
On April 19, 2015, Frederick’s of Hollywood, Inc., and its affiliated companies (the “Debtors” or "Frederick's") filed chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the District…
Plan Proponent
ABI Commission Report – New Value Corollary
This is the next post in Plan Proponent’s series on the confirmation-related recommendations in the ABI Commission Report (and, in particular, its Exiting the Case piece). We wrapped-up "Redemption Option Value" in our last post and then had…
In The (Red)®
Trump Card: Delaware Bankruptcy Court Deals Trademark Owner The Winning Hand Over A Debtor Licensee
Risky Business. When a debtor is a licensee under a trademark license agreement, does it risk losing those license rights when it files bankruptcy? The question had not been answered in…
In The (Red)®
You Say You Want A Dissolution: An Overview Of The Formal Corporate Wind Down
Winding Down. If a corporation's board of directors decides that the business needs to be wound down, there are a number of legal paths to consider. Determining the best approach is…
In Solvency
Trump Wins Relief From Stay – No More Trump Casino in AC?
By Fox Rothschild LLP, Fox Rothschild LLP
In a 21 page opinion (the "Opinion") released February 20, 2015, in the Trump Entertainment Resorts, Inc bankruptcy (Case No. 14-12103), Judge Gross, granted the motion of Trump AC Casino…
Plan Proponent
David Cassidy and the Absolute Priority Rule
Last Wednesday, David Cassidy, star of the 1970s “The Partridge Family,” filed an individual Chapter 11 bankruptcy petition in the Southern District of Florida. Perhaps it’s wishful thinking to wonder…
Real Lawyers Have Blogs
Top 10 in Law Blogs: SEC Rules, Super PACs, RadioShack
In news that just about everyone's aware of, a sequel to Harper Lee's all-time classic To Kill a Mockingbird is set to be released. But, what's less-known is the iffy…
In Solvency
A Default is a Default, no Matter the Size?
By Fox Rothschild LLP, Fox Rothschild LLP
In an 11 page opinion issued January 30, 2015 in the TPOP bankruptcy (13-11831), Judge Shannon held that GM did not lose the ability to enforce its contracted right to…