The United States Supreme Court issued its long-anticipated decision in Purdue Pharma L.P .'s bankruptcy case. The Supreme Court held that the Bankruptcy Code does not authorize a release that, as part of a plan of reorganization under Chapter 11, seeks to...
In Transform Holdco , the United States Supreme Court resolved a split among the Circuit Courts as to whether Section 363(m) is a jurisdictional provision (i.e., depriving an appellate court of jurisdiction to hear a challenge to a sale order). Check out this expertly...
You represent several international corporations that are considering filing insolvency proceedings in foreign jurisdictions. As a result, you need to explore filing cases under Chapter 15. Check out this expertly-drafted article discussing a recent bankruptcy...
Recently, the Supreme Court held that insurers that have financial responsibility for bankruptcy claims are parties in interest with standing to object to a Chapter 11 plan. Be sure to read our client alert about this case. Read now » Related Content...
As bankruptcy lawyers know, confirmation is not the end of a case. A bankruptcy court’s jurisdiction continues after confirmation of a plan of reorganization or liquidation in a Chapter 11 bankruptcy case. Check out this practice note discussing whether a...
Practical Guidance now offers a tracker for you to keep up to date on the hourly billable rates of debtor law firms in mega bankruptcy cases. The tracker also links to the docket on Courtlink to review the pleadings filed in the case. Check out the additional trackers...
Section 549 of the Bankruptcy Code is a statutory cause of action that permits the avoidance of transfers of estate property, which are made after the bankruptcy case is commenced. Check out this practice note for information on when a postpetition transfer may...
You represent a company in financial distress and need to help it evaluate its options, including whether to file a prepackaged bankruptcy. Check out this resource kit, which includes Practical Guidance materials on prepackaged bankruptcy cases, including detailed...
Although broad, the automatic stay does not protect a debtor against everything. Section 362(b) contains exceptions to the automatic stay, which reflect policy decisions made by Congress. Check out this practice note discussing the exceptions to the automatic stay...
You are watching your favorite true-crime documentary, and you notice the detective uses a notepad with a checklist of items to investigate. As creditors’ committee counsel, you don’t need to write a checklist in a notepad. Simply use this checklist...
Companies facing mass-tort claims have increasingly turned to bankruptcy. Mass torts claimants can result from a myriad of situations, for instance, from exposure to asbestos or benzene, sexual abuse, or wildfires started by a power company. Check out this expertly...
You represent a debtor that holds a minority interest in an LLC. To what extent does the automatic stay protect the debtor against the non-debtor majority owner’s actions to strip away your client’s rights? Check out this expertly drafted article discussing...
An examiner investigates the debtor's affairs or allegations of management misconduct if either the court determines the appointment would be in the best interests of stakeholders and the estate or the debtor has qualifying unsecured debt exceeding $5 million...
We are just over two weeks into April and over 10 entities have already filed mega Chapter 11 bankruptcies. Check out this handy resource to help you keep track of new mega Chapter 11 bankruptcy filings. The tracker provides a summary of certain first-day filings...
Even after a bankruptcy court has confirmed a Chapter 11 plan, changed circumstances prior to the plan's implementation and substantial consummation might make alterations to the plan necessary. Check out this expertly drafted article discussing a recent decision...