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The Delaware Bankruptcy Court issued a notice stating that the comment period for its Local Rules is currently open. Per the notice, the comment period is open from October 1 through October 30, 2020...

The Bankruptcy Code is intended to address financial insolvency and debt restructuring, not to provide justice or compensation for personal injuries and emotional trauma

John G. Loughnane, a partner in the Business Department, published "1st Circuit’s W Hotel ruling resolves key bankruptcy issues" in Massachusetts Lawyers Weekly on May 1.

John G. Loughnane, a partner in the Business Department, published "1st Circuit’s W Hotel ruling resolves key bankruptcy issues" in Massachusetts Lawyers Weekly.

In a prior post, we discussed that a number of preference actions were filed in the MCG Limited Partnership, et al. bankruptcy proceeding by the Chapter 7 Trustee.

The district court denies the motion for stay pending the appeal of the bankruptcy court's order. The bankruptcy court had ordered that the party moving to reopen the bankruptcy case deposit funds into escrow...

The Sixth Circuit reverses the bankruptcy court and district court, holding that a creditor making a substantial contribution in a Chapter 7 case may be awarded an administrative expense claim. Section 503(b) expressly provides that creditors making substantial contributions in Chapter 9 cases and Chapter 11 cases may be awarded an administrative expense claim

The pro se appellant failed to file an appellate brief by the deadline and failed to explain that failure in response to the motion to dismiss the appeal.

In this prior post, a discussion was provided in connection with requiring a company to prepay for its goods or services in order to limit potential preferential exposure.

Clients often ask what measures can be taken to reduce preferential exposure when dealing with a company that is sliding into financial insolvency.

Efforts to liquidate the assets of Indianapolis-based Celadon Group Inc. have run out of gas. The trucking company's bankruptcy case has come to an end, and most of its creditors are left empty-handed

Bankruptcy, Insolvency & Creditors' Rights attorney Joe Coleman presented to the AASA Aftermarket Volume Credit Group and provided valuable insight into how a creditor

The court enters judgment in this adversary proceeding commenced by the NLRB against the debtor, seeking to except from discharge the debt owed to the NLRB.

Distressed transactions in bankruptcy court have become big business. Sales under Section 363 of the bankruptcy code provide predictability and reliability (in the form of a court order delivering "free and clear" assets)...

In a recent opinion, Honorable Colleen McMahon of U.S. District Court for the Southern District of New York, ruled that non-consensual releases of creditors' direct claims against non-debtors in a Bankruptcy reorganization plan ...

Bankruptcy and Restructuring partner Stephen D. Zide, special counsel Joseph A. Shifer and associate Benjamin S. Sieck authored an article titled "Numerosity Unwound: Counting Votes on a Chapter 11 Plan"...

Michael Sweet was quoted in the CNN Money article "On the Brink, Detroit Halts Debt Payments, Plans Pension Cuts."