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News and information on bankruptcy and bankruptcy law
By Adolfo Pesquera | May 8, 2024
But the law firm is arguing the statute of limitations bars the bankruptcy receiver's effort to disgorge its profits.
5 minute read
By Dan Roe | May 7, 2024
Bankruptcy demand rose 3% in Q1 compared to Q1 2023, according to a recent Thomson Reuters report.
3 minute read
By Ediberto Roman | May 7, 2024
The Texas two-step provides a basis for equitable and efficient judicial resolutions and provides global stability that prevents high-stakes litigation shopping. It is thus an efficient means to resolve a host of claims that can number into the thousands in a host of courts throughout the country.
7 minute read
By Dan Roe | May 6, 2024
A Delaware bankruptcy judge's recent order reflects rising scrutiny over Big Law bills in mega-bankruptcies.
4 minute read
By Francis J. Lawall and Heather P. Smillie | May 3, 2024
In a recent decision, the U.S. District Court for the District of Delaware upheld a bankruptcy court's ruling that a liquidating trust had the authority to pursue not only estate causes of action, but also third-party claims held by preference defendants and turned over to the trust as part of preference claim settlement consideration.
8 minute read
By Amanda Bronstad | May 1, 2024
Wednesday's proposed plan immediately got pushback from lawyers representing ovarian cancer victims: "This is not a done deal," Beasley Allen's Andy Birchfield told Law.com. "There is substantial opposition to this."
5 minute read
By Amanda Bronstad | May 1, 2024
Wednesday's proposed plan immediately got pushback from lawyers representing ovarian cancer victims: "This is not a done deal," Beasley Allen's Andy Birchfield said. "There is substantial opposition to this."
5 minute read
By Ellen Bardash | April 26, 2024
The Boy Scouts of America, which filed for Chapter 11 in the District of Delaware in February 2020 and has since had a reorganization plan confirmed, faced more abuse claims than had been brought in any bankruptcy case before. A new bill in Congress would address such cases.
4 minute read
Delaware Business Court Insider
By Ellen Bardash | April 26, 2024
The Boy Scouts of America, which filed for Chapter 11 in the District of Delaware in February 2020 and has since had a reorganization plan confirmed, faced more abuse claims than had been brought in any bankruptcy case before. A new bill in Congress would address such cases.
4 minute read
By Amanda O'Brien | April 25, 2024
"The debtor is not a going concern, and its proposed plan will not maximize the value of the estate," U.S. Bankruptcy Judge Patricia Mayer said in an opinion.
4 minute read
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