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Article from Waller Law.

According to the United States Bankruptcy Court for the District of Delaware's website, the meeting room for the United States Trustees has been changed

Written by James Millar and published by INSOL International as part of a Technical Series, Issue No. 28.

Following our post on the district court's extraterritoriality decision, the bankruptcy court dismissed the actions against several defendants on the grounds that the presumption against extraterritoriality ...

"No one would call 2021 an uneventful year. The US Capitol was stormed in a would-be insurrection. Inflation surged to levels not seen in decades. And almost 300 million people worldwide were infected by...

Michael A. Sweet was featured in the San Bernardino County Sun article, "With Bankruptcy Ending, Will Normalcy Return to San Bernardino in 2017?"

Michael A. Sweet is featured in The Sun's article, "'Major Step Forward' for San Bernardino Bankruptcy."

John Mills authored a June 19 article in International Law Office, "Third Circuit holds post-petition filing of New Jersey construction lien violates automatic stay."

The Washington Business Journal recently reported that the bankruptcy trustee for Truland Group Inc., D.C.’s area’s largest electrical contractor, is investigating whether the company’s CEO, Robert W. Truland, paid fair value for the dozens of pieces of artwork that he purchased from the company just four months before it suddenly shut down.

In a year characterized by changes for the restaurant industry, including food and labor pricing increases, bankruptcies and liquidity challenges, and shifting customer trends with a surge in third-party deliveries...

Blink Holdings, Inc. and certain of its subsidiaries and affiliates filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the District of Delaware in mid-August 2024.

As we find ourselves in uncertain economic times, Landlords should be thinking more intentionally about what lease security they will be seeking from their Tenants.

The IRS has issued a private letter ruling (PLR 2012-28-023) taking the unusual position of applying the open transaction doctrine and ruling that no debtor corporation in a consolidated group filing for Chapter 11 bankruptcy would realize COD (cancellation of debt) income until either the debtor corporation made all the distributions required under the bankruptcy plan or the bankruptcy plan ceased to be a plan of liquidation for federal income tax purposes.

As you may be aware, FTX.com, FTX US, Alameda Research, and certain of their corporate affiliates (collectively, the "FTX Group") commenced voluntary chapter 11 cases in the District of Delaware.

As part of a continued effort in Europe to reform insolvency legislation, the British government issued a paper in March 2018 as a response to a draft directive published by the European Commission in November 2016.

Third party releases (3PRs) have long been a feature of restructuring processes in key international restructuring centres including England, Singapore and the United States. However, recent court decisions in all three jurisdictions have brought renewed scrutiny to the circumstances in which such releases can be granted and their permissible scope.

Distressed U.S. marijuana operators remain largely unable to access bankruptcy relief, an ongoing challenge in a tough industry where business failures are common.