Worldwide: Insolvency/Bankruptcy

The New Jersey Appellate Division recently clarified critical aspects of the Uniform Fraudulent Transfer Act (UFTA) in a complex intra-family property dispute involving multiple transfers and mortgage liens. The court addressed when the UFTA can be invoked to void transfers, the enforceability of mortgages lacking promissory notes, and whether revoked LLCs can still enforce their security interests.

The U.S. Supreme Court rejected a rigid rule that often blocked debtors from pursuing claims they failed to disclose in bankruptcy. Courts must now look at the full circumstances before deciding whether an omission...

This issue examines critical bankruptcy court rulings on chapter 15 eligibility requirements, third-party releases post-Purdue Pharma, fraudulent transfer recovery litigation, and adequate assurance standards...