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
2/18/2013 - Absolute Priority Rule Chapter 11 Competitive Bidding Debtors Investment Opportunities New Value Plans Reorganizations
The United States Bankruptcy Court for the District of Montana in connection with In re Southern Montana Electric Generation and Transmission Cooperative, Inc. held that electricity was a “good” for purposes of section...more
1/14/2013 - Electricity Goods Proof of Claims UCC
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
12/6/2012 - Debtor-Creditor Fraudulent Conveyance
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