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Howrey Trustee Adds Firms to Clawback List
The Recorder
Tuesday, April 9, 2013
The Howrey estate was by turns peaceable and litigious Friday, striking a multimillion-dollar settlement with one of its insurance carriers while rounding up more firms — including Haynes and Boone — for clawback claims.
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Appellate Lawyer of the Week: Ruling the Roost
Texas Lawyer
Monday, February 18, 2013
A Chapter 11 bankruptcy action provides a debtor with numerous protections from creditors. But sometimes getting that protection can be a challenge, as Dallas lawyer Clayton Bailey found out while defending Pilgrim's Pride Corp. from more than 100 individual creditors' claims for a collective $50 million in alleged contract obligations.
Accessing Funds in Asset-Protection Entities
Texas Lawyer
Monday, February 18, 2013
The law charges bankruptcy trustees and creditors with finding the debtor's money. That task often is difficult because debtors place assets in specially designed entities. An entire industry is dedicated to creating such vehicles to protect an owner's assets from creditor's claims, while still providing the owner with access to those assets.
Requirements for Claim-Reservation Provisions Growing Clearer
Texas Lawyer
Monday, February 18, 2013
When handling bankruptcy matters, lawyers must take care to reserve claims their clients want to pursue after a court confirms a Chapter 11 plan of reorganization. While it still is not completely clear what language attorneys must include in the reorganization plan or the disclosure statement to preserve these claims, the 5th U.S. Circuit Court of Appeals recently has clarified the law on point.
Five Truths Bankruptcy Lawyers Didn't Learn in School
Texas Lawyer
Monday, February 18, 2013
Eric Taube writes that studying bankruptcy law in school and learning how to practice in bankruptcy courts are two distinct endeavors. he discusses a few points that he has figured out that he didn't know when he finished law school.
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