News & Analysis as of

Chapter 11 Affiliates

Stark & Stark

99 Cents Only Is Not Enough to Avoid Chapter 11 Bankruptcy

Stark & Stark on

​​​​​​​Number Holdings, Inc. the parent company of 99 Cents Only Stores LLC (“99 Cents” or the “Company”), an extreme value retail store operator, along with several affiliates, filed for Chapter 11 bankruptcy protection in...more

Robinson & Cole LLP

An ‘Affiliate’ of a Public Company Is Barred from Reorganizing Under the Bankruptcy Code’s New Subchapter V

Robinson & Cole LLP on

The Small Business Reorganization Act of 2019 (SBRA) aims to simplify and shorten the Bankruptcy Code’s reorganization process for small-business debtors, making Chapter 11 more accessible. Effective as of February 2020,...more

Dechert LLP

Third Circuit Clarifies the Inner Workings of Foreclosure on Repo Collateral

Dechert LLP on

In the fifth opinion involving the repo liquidation saga of HomeBanc, the Third Circuit addressed several crucial issues involving the liquidation and valuation of repo collateral in bankruptcy. In re HomeBanc Mortg....more

Pillsbury Winthrop Shaw Pittman LLP

Nonconsensual Third-Party Release Limits: Substantial Financial Contribution Won’t Buy Non-Debtors a Release From Claims That...

Reorganization plans providing for non-debtor releases (i.e., releasing non-debtors from claims by creditors of the debtor) have been regularly challenged in recent years, frequently by the United States Trustee and other...more

Latham & Watkins LLP

Fifth Circuit: Make-Whole Premiums Should Be Disallowed as Unmatured Interest

Latham & Watkins LLP on

Fifth Circuit finds that make-whole premiums should be considered unmatured interest subject to disallowance under Section 502(b)(2) of the Bankruptcy Code to the extent designed to compensate for future interest payments. ...more

Shumaker, Loop & Kendrick, LLP

Essar Steel Affiliates File Chapter 11 and Chapter 15 Petitions in Delaware

Certain North American based affiliates of Essar Steel Ltd (Mumbai) have today filed Chapter 11 and Chapter 15 petitions in Delaware. ESML Holdings Inc. and Essar Steel Minnesota LLC have filed Chapter 11 proceedings in...more

Cole Schotz

New Delaware Chapter 11 Filing – Affiliates of Variant Holding Company, LLC

Cole Schotz on

Thirty-four affiliates of Variant Holding Company, LLC (“Variant”) have filed chapter 11 petitions before the United States Bankruptcy Court for the District of Delaware. The debtors will seek to have their cases jointly...more

Cole Schotz

New Delaware Filing – Affirmative Insurance Holdings, Inc. et al.

Cole Schotz on

Affirmative Insurance Holdings, Inc. (OTC: AFFM), a provider of non-standard personal automobile insurance policies, and ten affiliates have filed chapter 11 petitions before the United States Bankruptcy Court for the...more

Cole Schotz

New Delaware Chapter 11 Filing – American Apparel, Inc.

Cole Schotz on

American Apparel, Inc. (APP, NYSE) and five affiliates have filed chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware (lead case # 15-12055-BLS) and will seek approval of a pre-packaged...more

Morris James LLP

Prepared Food Manufacturer, Golden County Foods, Inc., Cooks Up A Chapter 11 Case

Morris James LLP on

On Friday, May 15, 2015, Golden County Foods, Inc. (“GCF”), a business that manufactures prepared foods, filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the District of Delaware. It was joined...more

10 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide