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Stites & Harbison PLLC
"Springing liens" are first priority statutory liens on property that spring into existence when certain obligations remain unpaid. Springing liens can attach to real estate...
Jenner & Block
Court denies retroactive stay relief that would validate default judgment. The debtor did not notify a tort claimant of his chapter 11 filing. The claimant filed an action against the debtor after the bankruptcy filing.
Herrick, Feinstein LLP
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.
Mayer Brown
Perhaps proving the maxim that people should be careful what they wish for, in a second significant ruling stemming from the Jevic Holding Corp. bankruptcy case...
Jones Day
In In re PT Bakrie Telecom TBK, 2021 WL 1439953 (Bankr. S.D.N.Y. Apr. 15, 2021), the U.S. Bankruptcy Court for the Southern District of New York
Akin Gump Strauss Hauer & Feld LLP
Beginning on February 13, 2021, something unprecedented happened in the state of Texas—a winter storm caused temperatures to dip well-below freezing.
Fisher Broyles
Earlier this month, on July 8, 2021, Pipeline Foods, LLC and its affiliated debtors ("Pipeline") filed for Chapter 11 protection in the United States Bankruptcy Court for the District of Delaware.
Cullen and Dykman
In prior legal alerts, we have discussed the subject of dischargeability of student loan debt and the factors courts will consider when deciding whether the student loan debts impose...
Jones Day
In In re Arcapita Bank B.S.C., 2021 WL 1603608 (Bankr. S.D.N.Y. Apr. 23, 2021), the U.S. Bankruptcy Court for the Southern District of New York...
Jones Day
In what may be the beginning of the final chapter of more than a decade of litigation involving efforts to recover $41 million of the fictitious profits paid to certain investors
Jones Day
In cases under both chapter 15 of the Bankruptcy Code and its repealed predecessor, section 304, U.S. bankruptcy courts have routinely recognized and enforced orders of foreign bankruptcy and insolvency courts as a matter of international comity.
McLane Middleton, Professional Association
One common interaction businesses have with the United States bankruptcy system is the unfortunate experience of being a defendant in a preference action.
Herrick, Feinstein LLP
Philadelphia Entertainment and Development Partners LP, the bankrupt limited partnership that did business as Foxwoods Casino Philadelphia ("Foxwoods")...
Mayer Brown
Reuters reports that Limetree Bay refinery in the U.S. Virgin Islands, which filed for chapter 11 bankruptcy protection on July 12, 2021, requires at least $1 billion in funding in order to continue operating as a going concern.
Fisher Broyles
Recently, on July 13, 2021, the Chief Judge of the United States District Court for the District of Delaware issued a Revised Standing Order lifting the requirement
Mayer Brown
With more than $1.7 trillion in student loan debt outstanding in the United States, student loan borrowers sometimes try to turn to the bankruptcy courts for relief, often without success due ...
Shearman & Sterling LLP
On May 6, 2021, the United States Bankruptcy Court for the Southern District of Texas (the "Court") issued a Memorandum Opinion in In re Sanchez Energy Corp.,
Haynsworth Sinkler Boyd
On March 27, 2020, the federal government passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing relief to a wide array of individuals and industries.
Riker Danzig Scherer Hyland & Perretti
The Eleventh Circuit recently affirmed a Bankruptcy Court and held that dismissal of an underlying bankruptcy case did not divest the Bankruptcy Court of jurisdiction in related quiet title action.
Akin Gump Strauss Hauer & Feld LLP
In the groundbreaking recent decision in Re Samson Paper Company Limited (in Creditors' Voluntary Liquidation) [2021] HKCFI 2151 ("Samson")
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