The storied American retail giant JCPenney filed for Chapter 11 bankruptcy in May 2020 as the COVID-19 pandemic finally crippled an...
Understanding and protecting ‘cash collateral’ in Chapter 11 Bankruptcy
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Bankruptcy News
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...
A new legislative attempt to move bankruptcy cases out of Delaware
On September 19, 2019, a bill was introduced in the House of Representatives to amend Title 28 of the United States Code, to modify venue...
Massachusetts Judge rules reaffirmation agreement not required for lease assumption
U.S. Bankruptcy Judge Melvin S. Hoffman of the District of Massachusetts ruled a Chapter 7 debtor’s assumption of a personal property...
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