United States: Financial Restructuring

Unlike in cases filed under other chapters of the Bankruptcy Code, the filing of a petition for recognition of a foreign bankruptcy case under chapter 15 does not...

In the latest episode of the Turnaround Management Association (TMA) Chicago/Midwest podcast, host Paul Musser interviewed Hugh Wilder, Managing Director and Head of Loan Administration at CIBC Bank USA (CIBC)...

A recent decision by the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"), in the matter of In re AIO US, Inc., case no. 24-11836-CTG ("Avon"), created a split with the Fifth Circuit on the issue of whether a plan of reorganization may contain a "gatekeeping provision"

ayman Islands entities tend to use market-standard documentation for all types of derivatives transactions. The 1992 and 2002 ISDA Master Agreements, including the appropriate Schedules...

The Main Street Lending Program (MSLP), launched in 2020 by the Federal Reserve and U.S. Treasury under Section 13(3) of the Federal Reserve Act...

The recent Chapter 11 bankruptcy filing by Planta, a well-known vegan restaurant chain, reflects the mounting financial challenges facing the restaurant...

According to the IRS, most cancellations of debt are taxable. When taxpayers are relieved from the legal obligation to repay a loan, they must recognize this cancellation of debt...

Partners Colleen M. Restel and Brent Weisenberg discuss whether non-consensual releases in the wake of the U.S. Supreme Court's decision in Purdue...

After emerging from a court-supervised Chapter 11 restructuring, there is no guarantee that a company will not return to the bankruptcy court seeking further Chapter 11 protection.