Reuters reports that the New Jersey bankruptcy judge overseeing the bankruptcy proceedings of Johnson & Johnson subsidiary LTL Management will allowing certain talc tort cases...
In a recent opinion issued in LCM XXII Ltd. v. Serta Simmons Bedding, LLC, No. 21-CV-3987, 2022 WL 953109 (S.D.N.Y. Mar. 29, 2022), US District Judge Katherine Failla of the Southern District of New York...
Ward and Smith, P.A.
In a welcome feat of bipartisanship, Congress passed a bill to restore the Subchapter V debt limit to $7.5 million, and President Biden signed it into law on June 21.
The Wall Street Journal reports that the U.S. Treasury moved on Tuesday to block U.S. investors from purchasing Russian debt in secondary markets.
Thompson Coburn LLP
On April 28, 2022, Central District of California Bankruptcy Judge Ernest M. Robles issued a decision regarding the eligibility of a debtor to proceed as a Small Business Debtor under Subchapter...
Many cannabis companies have attempted to seek bankruptcy protections, and more will continue.
A popular country dance, the "Texas two-step," is now in the process of being experimented with in the bankruptcy courts.
Ward and Smith, P.A.
Last year, we offered a lesson and a moral from a North Carolina district court decision reversing a $115,000 sanctions order by a North Carolina bankruptcy court.
Ascena was an apparel retailer that, due to the Covid-19 pandemic, temporarily had to close its retail stores and furlough nearly all of its store-level and corporate workforce...
Reuters reports that an April 12, 2022, decision by Judge Ernest Robles of the Bankruptcy Court for the Central District of California, "highlights what appears to be a substantial drafting error" in Subchapter V of the Bankruptcy Code.
Cadwalader, Wickersham & Taft LLP
On April 13, 2022, the Court of Appeals for the Third Circuit ruled in CoFund II LLC v. Hitachi Capital America Corp. that a junior creditor breached a turnover provision in an...
Subsection (15) of Section 523(a) was added to the Bankruptcy Code in the Bankruptcy Reform Act of 1994 to expand the Section 523(a)(5)
On April 29, 2022, Robert Eisenbach participated on a panel at the Annual Spring Meeting of the American Bankruptcy Institute.
Last month I had the honor of speaking on a panel at the American Bankruptcy Institute's 2022 Annual Spring Meeting in Washington, D.C. The topic of our panel was the ...
In FERC v. Ultra Resources, Inc. (In re Ultra Petroleum Corp.), 2022 WL 763836 (5th Cir. Mar. 14, 2022), the U.S. Court of Appeals for the Fifth Circuit issued a long-awaited ruling on an appeal...
Until 2022, only two federal courts of appeals had weighed in on whether real property may be sold in bankruptcy free and clear of a leasehold interest.
To promote the finality and binding effect of confirmed chapter 11 plans, the Bankruptcy Code categorically prohibits any modification of a confirmed plan after it has been "substantially consummated."
Riker Danzig LLP
Pratt's Journal of Bankruptcy Law published an article by Michael R. O'Donnell, Michael P. Crowley, Desiree McDonald and Kevin Hakansson in its June 2022 edition.
Coinbase's CEO subsequently explained that Coinbase currently has "no risk of bankruptcy" and that these additional disclosures were included only because of new guidance issued by the SEC.
Ice Miller LLP
Former Family Dollar retail building situated on the main road of downtown Bridgeton, the property is located 12 miles from the NJ Turnpike. 7,252 +/- SF on 1.39 +/- acres.