Topic
chapter 11
574 published works
The D&O Diary
Cornerstone Research: Bankruptcy Filings Returned Closer to Historic Levels in 1H21
There were more U.S. bankruptcy filings in 2020 than in any year since the global financial crisis, but the number of bankruptcy filings in the first half of 2021 returned…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Basic Energy Services, L.P.
By Cole Schotz
On August 17, 2021, Basic Energy Services, L.P., along with several affiliates that provide operational support for oil and gas wells located in several US states, filed a petition for…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Aluminum Shapes LLC
By Cole Schotz
On August 15, 2021, Aluminum Shapes LLC, a Delair, New Jersey-based aluminum fabricator and processing company, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Moon Group, Inc.
By Cole Schotz
On August 12, 2021, nursery and landscaping company Moon Group of Chesapeake City, MD filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Alpha Latam Management, LLC
By Cole Schotz
On August 1, 2021, Alpha Latam Management, LLC, a Miami-based financial services company that historically provides consumer loans in Latin America, along with certain affiliates, filed voluntary petitions for relief…
Real Bankruptcy Intel
Opinion of Interest – In re Dura Automotive Systems, LLC: Delaware Bankruptcy Court Affirms Inability to “Impliedly” Assume Executory Contracts
By Alexander F. Berk, Sean T. Scott, Aaron Gavant
In a recent opinion from the Delaware Bankruptcy Court in the Dura Automotive Systems bankruptcy case,[1] Judge Karen Owens held that executory contracts cannot be impliedly assumed through course of…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – GBG USA, Inc.
By Cole Schotz
On July 29, 2021, GBG USA, Inc., along with several affiliates, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New…
Herrick Restructuring Review
Paragon Offshore, plc: US Trustee Denied Quarterly Fees Based on Litigation Trust’s Payments to Its Beneficiaries
By Steven Smith, Elizabeth Plowman
The U.S. Bankruptcy Court for the District of Delaware recently denied the US Trustee’s motion to compel post-confirmation quarterly fees from Paragon Offshore, plc under 28 U.S.C. § 1930.[1] The…
California Corporate & Securities Law Blog
In California, Not Every Merger Is A "Reorganization"
Yesterday's post discussed the relevance of the maturity date of a debt security to the definition of a "sale-of-assets" reorganization under California's General Corporation Law. The CGCL recognizes two other…
Restructuring Globalview
Delaware Bankruptcy Court Decision Supports Pathway to Make Chapter 11 Cases Less Expensive
Section 1930(a)(6) of Title 28 requires the payment of quarterly fees to the United States Trustee (the “UST”) for each quarter that a bankruptcy case is open. The amount of…