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News and information on bankruptcy and bankruptcy law
By Cheryl Miller | November 2, 2023
Some of the biggest cannabis companies are backing a lawsuit to block any federal action against state-legal marijuana operators.
9 minute read
By Lawrence J. Kotler and Ryan Spengler | November 2, 2023
This ruling may result in more cannabis-related bankruptcy filings as sophisticated bankruptcy attorneys now have a framework for testing the trustee's historic opposition to bankruptcy protection for cannabis companies.
8 minute read
By Dan Roe | October 31, 2023
Jeffrey Liddle hired the firm to represent him in Chapter 11 bankruptcy proceedings, but allegedly stopped paying shortly after his case was converted to Chapter 7.
2 minute read
By Brenda Sapino Jeffreys | October 31, 2023
A new report from the Administrative Office of U.S. Courts shows that total bankruptcy filings for the federal fiscal year that ended on Sept. 30 increased by 13%, turning around a long drop.
5 minute read
By Michael L. Cook | October 31, 2023
The Eighth Circuit's decision in Simply Essentials has practical significance for Chapter 11 debtor in possession (DIP) lenders. U.S. Trustees and unsecured creditors regularly object to the granting of liens on avoidance actions, but this and other appellate rulings should now eliminate the purported legal obstacle.
9 minute read
By Amanda O'Brien | October 27, 2023
The defunct firm has reached an interim, confidential settlement with plaintiffs Herbert Vederman, Samuel Sidewater and Steven Sidewater, and the parties hope to finalize the resolution in 2024.
2 minute read
By Ross Todd | October 27, 2023
Lawyers for families of those killed in the 2012 school shooting won rulings finding that litigation debts Jones accrued through "willful and malicious injury" to their clients cannot be discharged through bankruptcy.
10 minute read
By Dan Packel | October 26, 2023
The resolution grants Foley & Lardner $2.2 million in fees that have already been approved. But the firm had sought another $4.1 million.
4 minute read
By Michael A. Mora | October 26, 2023
"We've had an explosion in our pipeline of work that started in Q1 of this year," said AnnElyse S. Gains, an Am Law 10 firm partner.
4 minute read
By Francis J. Lawall and Brenden S. Dahrouge | October 26, 2023
In upholding the bankruptcy court's determination that the payment of insurance proceeds could be such a transfer, the Fifth Circuit underscored the complex interplay between state law, bankruptcy law and the rights of creditors in bankruptcy proceedings.
7 minute read
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