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Chapter 11 Debtors Debtor-Creditor

Troutman Pepper

Chapter 11 Sales: Believe It Or Not, There Really Are Limits

Troutman Pepper on

In re P.D.M. Co., 523 B.R. 558 (Bankr. W.D. Mich. 2015) – Two affiliated chapter 11 debtors sought court approval of a sale of all of their assets out of the ordinary course of business free and clear of claims.  The...more

Adams and Reese LLP

Closing the Chapter 7 Loophole for High Income Debtors

Adams and Reese LLP on

Heralded by debtor’s attorneys as “a wonderful loophole”1 in the Bankruptcy Code, a debtor who has primarily business, rather than consumer, debts can qualify for a speedy Chapter 7 discharge despite a high earning capacity...more

Dechert LLP

When Lenders are the Losers in Bankruptcy Court...Well, Not so Fast

Dechert LLP on

Last October, I wrote about a scheme employed, in three separate bankruptcy cases, by debtors seeking to evade the absolute priority rule in order to keep the real property owned by the debtor in the hands of the ‘family’ at...more

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