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Landlords may be able to recover attorneys’ fees incurred when a debtor-tenant seeks to assume the lease, or assume and assign the lease to a third party.

It's too early to tell whether Curtis James Jackson III, better known as rapper 50 Cent ("Jackson"), will be able to come to a consensual Chapter 11 plan for repayment with creditors.

On May 7, 2021, we issued a legal alert regarding third-party releases as part of the plan of reorganization in the Perdue Pharma case.

One of the most significant tools of federal bankruptcy law is the authority of a trustee or debtor-in-possession to conduct a "free and clear" sale of a bankruptcy estate’s assets.

The article explains that LTL requires dismissal of a Chapter 11 case where the debtor is not “financially distressed,” sharpening the notion of a “valid bankruptcy purpose” while creating tension with the Bankruptcy Code’s lack of an express insolvency requirement.

On October 27, the National Association of Insurance Commissioners (NAIC) Receivership Model Law Working Group (under the direction of the NAIC's Receivership and Insolvency Task Force)...

In In re Lemington Home for the Aged, 2011 US App LEXIS 19312 (3d Cir, July 11, 2011), the Third Circuit in a published case held that the plaintiffs had established a genuine issue of material fact with respect to their claim for deepening insolvency against the defendant board of directors of a nonprofit facility.

The Ninth Circuit affirmed a grant of summary judgment in favor of the defendants in a copyright suit on the grounds that the plaintiff lacked standing.

This week the Small Business Administration clarified the Paycheck Protection Program (PPP) requirement that a PPP loan applicant not be involved in a bankruptcy at the time it applies for a PPP loan.

In In re Amerlink, Ltd., a Chapter 11 Trustee settled numerous adversary proceedings, including an action against several of the debtor's senior executives.

Well, at least that is the case as the Eleventh Circuit rules on communications between attorneys. Recently, I read a warning from a colleague about the expansion of liability for creditor's lawyers under the FDCPA.

A recent ruling in the Eleventh Circuit affirmed a decision of the Northern District of Alabama siding with a law firm sued for malpractice after not warning the client to cease behavior in an unsettled area...

In October 2014, GT Advanced Technologies (GT), a Delaware corporation with a principal place of business in New Hampshire, filed a petition for relief under Chapter 11 of the Bankruptcy Code (Code) in the District of New Hampshire.

In a previous post, I wondered if attendance was up at the Detroit Institute of Arts (DIA) since news of Detroit’s bankruptcy filing broke. Indeed, according to a recent report, attendance has doubled over the last year with nearly 600,000 visitors coming to the museum to see firsthand the renowned collection.

A New York judge ruled for a group of former Thelen LLP partners to return cash advances they received in the months before the firm’s collapse based on revenues that were never realized.

The historic rise and fall of St. Louis-based US Fidelis is a tale so legendary that the media keeps retelling it – often with the help of our bankruptcy co-chair Dave Warfield, who had...

On November 5, 2014, the Second Circuit (Judges Winter, Droney, and Hellerstein) held oral arguments in In re Tribune Litigation (Case No. 13-3992) and Whyte v. Barclays Bank PLC (Case No. 13-2653).