Topic
Restructuring Plans
69 published works
Bankruptcy Law Insights
Sbarro and Quiznos Serve Up Prepackaged “Cramdown” Plans
By Ben Feder
The chapter 11 filings this month of Sbarro and Quiznos share many similarities. Both companies are looking to survive in a difficult sector of a tough industry. Both were forced to…
Lending Law Report
Are Those Bankruptcy Waivers in Your Intercreditor Agreements Effective?
This post was written by Michael J. Venditto, a partner in Reed Smith's Commercial Restructuring & Bankruptcy department. A special thanks to Mike for contibuting to the lending lawyer blog! If…
Louisiana Law Blog
“Artificially Impaired” Creditors Can Vote on Chapter 11 Plans in the Fifth Circuit
The U.S. Fifth Circuit Court of Appeals dealt a blow to secured creditors in a recent opinion affirming a successful “cramdown” reorganization plan in a commercial real estate (“CRE”) case.…
Latin American Blog
Fifth Circuit Refuses to Enforce Mexican Reorganization Plan’s Proposed Release of Non-Debtor Bond Guarantors
The Fifth Circuit recently upheld a Texas Bankruptcy Court’s refusal to enforce non-debtor third party releases in the Mexican reorganization proceeding (known as a concurso mercantil) of Mexican glass manufacturer…
In The (Red)®
Supreme Court Bids Adieu To Plans Denying Secured Creditors The Right To Credit Bid
On May 29, 2012, only a little more than a month after the April 23, 2012 oral argument in the case, the U.S. Supreme Court issued its decision in RadLAX Gateway…
In Solvency
Washington Mutual’s Plan of Reorganization Has Been Confirmed
By Fox Rothschild LLP, Fox Rothschild LLP
At approximately 10:15 this morning, Judge Walrath of the Delaware Bankruptcy Court made an oral ruling confirming Washington Mutual's chapter 11 plan of reorganization. Over the last three and one-half…
Delaware Bankruptcy Update
Washington Mutual’s Plan of Reorganization Has Been Confirmed
At approximately 10:15 this morning, Judge Walrath of the Delaware Bankruptcy Court made an oral ruling confirming Washington Mutual's chapter 11 plan of reorganization. Over the last three and one-half…
Bankruptcy Law Insights
The Dog That Didn’t Bark – Second Circuit’s Opinion in DBSD North America Disallows Gifting, But Is Silent on Cramdown of Secured Creditor
By Ben Feder
As discussed in previous posts on this site, back in December the Second Circuit Court of Appeals issued a summary order that reversed the bankruptcy court’s confirmation of the reorganization…
Delaware Bankruptcy Update
Accuride Corporation Files for Bankruptcy in Delaware Hoping to Win Approval of Pre-Arranged Restructing Plan
Introduction Accuride Corporation, the Indiana-based manufacturer of heavy and medium-duty wheels, filed for bankruptcy in the United States Bankruptcy Court for the District of Delaware on October 8, 2009. According…
Bankruptcy Litigation Blog 2.0
GM Media Roundup: A LexisNexis Podcast and Then Some
Most bloggers report on events; few jump in them. While I lost, I'm not done yet. Here's my statement of issues on appeal. Here's Old GM's counter-designation, filed yesterday. My…