Timing is everything. This is especially true when a creditor seeks to amend a timely filed proof of claim. As a general rule, bankruptcy courts liberally allow amendments to proofs of claim prior to plan confirmation. When...more
Keara Waldron and Lindsay H. Sklar discuss the decision by the Bankruptcy Court for the Southern District of New York in the case of In re Cortlandt Liquidating LLC, which parted with decades of precedent to endorse and apply...more