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More Popular Related Articles on Insolvency/Bankruptcy/Re-structuring from USA
As the oil and gas industry
continues to struggle in
the face of the ongoing
decline of commodity
prices, a recent decision
of the United States
Bankruptcy Court for the Southern
District of New York may have offered
a glimmer of hope to upstream producers,
while creating more uncertainty for
midstream gatherers and processors and
their lenders and investors.
Fox Rothschild LLP
As I mentioned in my May 25th blog post, Curtis James Jackson III, better known as rapper 50 Cent ("Jackson") was scheduled for his bankruptcy confirmation hearing yesterday (July 6th).
Hughes Hubbard & Reed LLP
In May, we reported on the judicial rescission of MetLife's designation as an entity "too big to fail," and noted that the court's decision provided designated companies with a framework to challenge their designation.
Foley & Lardner
The Bankruptcy Code permits a bankruptcy trustee to compel return of a payment made to a creditor within 90 days before a bankruptcy petition.
Sheppard Mullin Richter & Hampton
The Delaware Bankruptcy Court refused to enforce a provision in the debtor's LLC operating agreement requiring a unanimous vote of the debtor's members to authorize the debtor to file for bankruptcy.
Cadwalader, Wickersham & Taft LLP
With companies facing significant distress due to vast over-leverage, debtors have increasingly turned to asset sales under Section 363 of the Bankruptcy Code.
Fox Rothschild LLP
While many people only see the glamorous, large Chapter 11 cases filed in the Delaware Bankruptcy Court, the Court still handles individual bankruptcies – treating them with just as much respect as any other case.
Caplin & Drysdale
This ruling should serve as a warning that bankruptcy is not a surefire recipe to avoid class treatment, and will serve as an arrow in the quiver of the class action plaintiffs' bar to the extent their cases are pulled into the bankruptcy realm.