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Third Circuit—Chapter 11 Examiner Appointment Now Mandatory
The now infamous Chapter 11 bankruptcy case of FTX Trading Ltd. (FTX), once a multibillion-dollar cryptocurrency company, has reemerged in a dispute over this very important issue. On appeal, the U.S. Court of Appeals for the Third Circuit recently held that the plain text of Section 1104(c)(2) mandates the appointment of an examiner under the specified conditions set forth.
Navigating the Surge: A Strategic Guide for Lenders Amid Rising Loan Defaults
Anticipating the fallout from potentially billions of dollars in distressed loans, lenders must be on high alert. Drawing from lessons learned in the last two historical downturns, where we witnessed unprepared lenders face severe consequences, it is imperative for lenders and financial institutions to act now.
Subchapter V Bankruptcy Filings Keep Rising as States Beyond Florida Get on Board
"It has taken some education or orientation by the bankruptcy legal community to see the value of it, but it caught on fast," said Soneet Kapila, president of the American Bankruptcy Institute.
Law Journal Press | Digital Book
Pennsylvania Tax Handbook 2024
Authors: Stewart M. Weintraub, Jennifer W. Karpchuk, Chamberlain Hrdlicka
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Mere Presence of Cannabis Near a Bankruptcy Case Does Not Automatically Preclude Relief
In In re Kojima, the U.S. District Court for the Central District of California (the court) affirmed a bankruptcy court's order approving a Chapter 7 trustee's proposed settlement of cannabis-related state court claims held by creditors of the estate.
Real Estate Pressure Likely to Keep Chapter 11 Filings Flowing in 2024
Bankruptcy experts are now expecting to see a steady stream of Chapter 11 filings continue throughout 2024, though not with a year-over-year jump like 2023's.
Real Estate Pressure Likely to Keep Chapter 11 Filings Flowing in 2024
Bankruptcy experts are now expecting to see a steady stream of Chapter 11 filings continue throughout 2024, though not with a year-over-year jump like 2023's.
Big Law Rates Continue Rising, But Trail 2023 Increases So Far
The average Am Law 50 firm upped its rates by 8% to 10% in 2024, according to bankruptcy records.
Hiring From Kirkland, Paul Hastings Continues Building Restructuring Practice
The firm continues to be bullish on restructuring, almost two years after its raid of Stroock.TRENDING STORIES
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