In a decision issued yesterday, the 7th Circuit Court of Appeals held that insiders can't be given a special opportunity to invest in a bankrupt debtor under the guise of contributing "new value" unless the debtor makes the...more
- Absolute Priority Rule Chapter 11 Competitive Bidding Debtors Investment Opportunities New Value Plans Reorganizations
On Dec. 4, 2012, the U.S. Court of Appeals for the 9th Circuit delivered its long-awaited decision in Executive Benefits Insurance Agency v. Arkison (In re Bellingham Insurance Agency, Inc.). The Bellingham decision...more
- Debtor-Creditor Fraudulent Conveyance
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