The Legal Intelligencer
Friday, February 3, 2012
The "effective date" of a Chapter 11 plan represents the point in time when a debtor begins to implement the plan's provisions and make distributions to creditors. Often, parties will feel safe in assuming that once a confirmed plan goes effective and substantial implementation of it has occurred, the "train has left the station" and any remaining objections to confirmation have become moot.
The Legal Intelligencer
Thursday, January 12, 2012
Well-respected and otherwise fully occupied business people and professionals are often invited to participate as members of nonprofit corporation boards of directors.
The Legal Intelligencer
Friday, January 6, 2012
On Aug. 30, 2011, in In re Safety Harbor Resort & Spa a/k/a S.H.S. Resort LLC , the U.S. Bankruptcy Court for the Middle District of Florida addressed whether the U.S. Supreme Court's holding in Stern v. Marshall prevented the bankruptcy court from imposing certain "lock-up" restrictions on the debtor and certain nondebtor guarantors to prevent the disposal of assets by those parties.
The Legal Intelligencer
Friday, December 16, 2011
Much to a creditor's dismay, Section 547(b) of the Bankruptcy Code empowers a bankruptcy trustee to avoid and recover certain payments made to creditors within 90 days prior to the debtor's bankruptcy filing.
The Legal Intelligencer
Wednesday, November 23, 2011
The insolvency of Pennsylvania's capital city of Harrisburg is unsurprising to anyone watching the disaster slowly unfold over the past several years.
The Legal Intelligencer
Monday, November 7, 2011
Yet another blow has been dealt to the enforceability of netting agreements against a bankrupt counterparty.
The Legal Intelligencer
Tuesday, October 18, 2011
Since the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) in 2005, courts have puzzled over whether Congress intended to eliminate the absolute priority rule for individual Chapter 11 debtors. The absolute priority rule precludes payment to a junior class of creditors or equity holders until all senior classes have been paid in full on their claims.
The Legal Intelligencer
Friday, October 7, 2011
Bankruptcy court jurisdiction might not be one of the most exciting aspects of bankruptcy practice, but, as is the case with all litigation, selection of the forum where the controversy will be heard and who will adjudicate the matter is often an important strategy consideration.
The Legal Intelligencer
Friday, September 23, 2011
Generally, any transfer made by a debtor within 90 days before bankruptcy is considered preferential and may be recoverable by the estate.
The Legal Intelligencer
Friday, August 26, 2011
In a matter of apparent first impression, in Spicer v. Laguna Madre Oil & Gas II LLC (In re Texas Wyoming Drilling Inc.), the 5th U.S. Circuit Court of Appeals held in an opinion dated July 21 that it was permissible to consider both a plan of reorganization and its accompanying disclosure statement when determining whether a debtor had sufficiently preserved certain causes of action pursuant to § 1123 of the Bankruptcy Code.
