Two recent judicial decisions, Sanchez Energy and Tribune Media , highlight the challenges faced by indenture trustees and their professionals in chapter 11 cases where there are no recoveries to noteholders. ... Read full article
The U.S. Court of Appeals for the Third Circuit recently became the first circuit court to address the question of whether a corporate parent can set off an obligation that it owes to a bankrupt company against a claim owed by such company to the parent’s ... Read full article
As confirmed cases of the Covid-19 virus climbed across the country, bankruptcy courts and the U.S. Trustee's office have been seeking ways to adapt to the new normal. This post will look at how the court system has rolled out its disaster ... Read full article
Judge Brendan Shannon of the U.S. ... Read full article
Some legal commentators have lamented the extent to which lenders have been able to use debtor in possession (“DIP”) financing arrangements to gain control over an entire Chapter 11 case. DIP lenders have usually been able to justify aggressive ... Read full article
Some legal commentators have lamented the extent to which lenders have been able to use debtor in possession (“DIP”) financing arrangements to gain control over an entire Chapter 11 case. DIP lenders have usually been able to justify aggressive ... Read full article
