On July 1, 2020, after four years of extensive efforts from the legislature, business and legal sectors, Florida became the ninth state[1]...
Bankruptcy News
Is a Chapter 7 Trustee’s recovery “for the benefit of the estate” limited to the amount of creditors’ claims? Not in the Tenth and Eleventh Circuits.
In February 2020, the Delaware bankruptcy court in In re DSL Renal Holdings, LLC concluded that, under 11 U.S.C § 550(a), a trustee cannot...
Understanding and protecting ‘cash collateral’ in Chapter 11 Bankruptcy
The storied American retail giant JCPenney filed for Chapter 11 bankruptcy in May 2020 as the COVID-19 pandemic finally crippled an...
Alternatives to bankruptcy for small businesses
The COVID-19 pandemic has wreaked havoc on small businesses across the United States. Public safety measures that have been instituted...
Force majeure clauses and the COVID-19 pandemic
A decision handed down on June 3, 2020, by the United States Bankruptcy Court for the Northern District of Illinois is one of the first to...
Largest stimulus bill in US history expands rights under Small Business Reorganization Act
Today Congress passed, and the President is expected to sign, a $2 trillion coronavirus stimulus bill. Included among the provisions of...
Law school graduate wins discharge of student debt
On January 7, 2020, Chief Bankruptcy Judge for the Southern District of New York, Judge Cecelia Morris, entered an order granting summary...
Supreme Court to address whether creditors must turn over lawfully repossessed property upon the filing of bankruptcy petition
On December 18, 2019, the Supreme Court granted the city of Chicago’s petition to determine whether the “automatic stay” imposed by the...
Creditors trying to force Tough Mudder into bankruptcy
Three contractors have asked a Delaware Bankruptcy Judge to put Tough Mudder, LLC into Chapter 11 bankruptcy. Tough Mudder is known for...
Second Circuit determines when default judgment has preclusive effect
Murphy et al. v. Snyder et al., No. 18-1578, 2019 WL 4308631 (2d Cir. Sept. 12, 2019). Ruling on a matter of first impression for the...
Totality of the circumstances test revisited to determine dischargeability of student loan debt
On remand from the United States Bankruptcy Appellate Panel for the First Circuit (“BAP”), the U.S. Bankruptcy Court for the District of...
Former CEO of Tesla rival, Raraday future files for U.S. bankruptcy protection
Jia Yueting, founder and former CEO of Faraday Future has filed for Chapter 11 bankruptcy in Delaware to “address his personal debts in...
Contact Us
Are You In Need of Legal Counsel for a Business Transaction, Commercial Litigation, Asset Recovery, or Bankruptcy Matter?
Contact our team today.
Call us at (617) 207-8670 or use the quick contact form below.
Austin Office
7710 N. FM 620
Building 13-D
Austin, TX 78726
Boston Office
75 State Street
Suite 100
Boston, MA 02109
New York Office
17 State Street
40th Floor
New York, NY 10004
London Office
The Leadenhall Building
Level 30
122 Leadenhall Street
London EC3V 4AB