Bankruptcy Law and Insolvency Law

When a company enters Chapter 11 bankruptcy, many assume the process will culminate in a lengthy reorganization plan. However, distressed businesses are increasingly being sold through a different mechanism—a sale under Section 363 of the United States Bankruptcy Code. Understanding how Section 363 sales work can help business owners, lenders, investors, and prospective purchasers identify opportunities and avoid costly surprises in bankruptcy asset transactions.

In the latest episode of the TMA Chicago/Midwest Podcast, Katten Restructuring Partner Paul Musser interviews TMA CEO Christine Melendes about her diverse career path in association management, her early priorities since joining TMA in March, and her strategic vision for the organization's future. Their conversation explores the value of chapter involvement, the power of TMA's global network, and practical strategies for maximizing conference attendance and volunteer opportunities.

On August 4, 2026, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York issued an opinion vacating the confirmation order in Voyager Digital Holdings...

When a company enters Chapter 11 bankruptcy, many assume the process will culminate in a lengthy reorganization plan. However, distressed businesses are increasingly being sold through a different mechanism—a sale under Section 363 of the United States Bankruptcy Code. Understanding how Section 363 sales work can help business owners, lenders, investors, and prospective purchasers identify opportunities and avoid costly surprises in bankruptcy asset transactions.

Cole Schotz attorney Michael Sirota received an urgent early-morning call to file nearly 200 bankruptcy cases within 24 hours after the Shabseles brothers' real estate empire and summer camp network unexpectedly collapsed. With 20,000 children about to board buses for summer camp, the legal team faced the challenge of restructuring a complex web of entities while ensuring the camps could open on schedule.

On July 23, 2026, the Antitrust Division of the U.S. Department of Justice (DOJ) announced that it was resuming “targeted” Second Request investigations and published a new Model Timing Agreement (MTA).