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News and information on bankruptcy and bankruptcy law
By Andrew Maloney | November 22, 2021
About 82% of respondents said they expected either moderate or high growth in bankruptcy next year.
4 minute read
By Michael A. Mora | November 22, 2021
"People can fight to the death in normal litigation, because they have a lot of money," U.S. Bankruptcy Judge Roberta Colton said. "But in bankruptcy, the resources are very limited."
8 minute read
By Dan Packel | November 22, 2021
The settlement, if approved, will free the former officials at the firm from conspiracy, breach of fiduciary responsibility and trade secrets claims. But other claims are still pending.
2 minute read
By Charles M. Tatelbaum and Christina V. Paradowski | November 19, 2021
With the increase and proliferation of Native American and other casinos, as well as the advent of internet sports gambling, many of those suffering substantial losses are turning to a bankruptcy filing in order to obtain a "fresh start" by filing a Chapter 7 liquidation bankruptcy proceeding.
5 minute read
By Charles Toutant | November 17, 2021
"At best, this failure is the result of novel accounting; at worst, and more likely, the debtor is attempting to shield its assets from creditors while simultaneously failing to abide by this court's cash management order," the creditors' committee said in its contempt motion in the Diocese of Camden Chapter 11 proceedings. "These actions cast doubt on the integrity of this bankruptcy process and warrant immediate remedial action by this court."
4 minute read
By Paula Seligson and Jack Pitcher | November 17, 2021
Hertz is in the process of cleaning up its balance sheet after emerging from bankruptcy in June and relisting on Nasdaq earlier this month, where the company raised $1.3 billion.
3 minute read
By Amanda Bronstad | November 16, 2021
At a brief hearing on Tuesday, a bankruptcy judge allowed Chicago-based Edelson PC to pursue its embezzlement lawsuit against Erika Girardi, the estranged wife of Tom Girardi.
4 minute read
By Kenneth Artz | November 15, 2021
In bankruptcy, two underlying primary reasons for forum selection are (i) differing case law at the Circuit Court level, and (ii) certainty and predictability of outcome for the particular type of reorganization plan needed by the chapter 11 debtor.
13 minute read
Delaware Business Court Insider
By Kenneth Artz | November 15, 2021
In recent years, the Southern District of Texas and the Eastern District of Virginia have joined the Southern District of New York and District of Delaware as preferred jurisdictions for large corporate debtors to file for bankruptcy. These jurisdictions are sometimes referred to as "magnet jurisdictions."
13 minute read
Delaware Business Court Insider
By Ellen Bardash | November 15, 2021
Sontchi is set to take on the role of an international judge focusing on insolvency matters for the Singapore International Commercial Court while privately continuing mediations and arbitrations in Delaware after retirement.
2 minute read
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