On August 3, 2023, the U.S. Bankruptcy Court for the Southern District of Texas found that the majority of the shares of stock of a reorganized debtor should be allocated to unsecured creditors, and not the secured creditors,...more
10/13/2023
/ Avoidance ,
Bankruptcy Court ,
Debtors ,
Deed of Trust ,
Leases ,
Lenders ,
Liens ,
Noteholders ,
Reorganizations ,
Texas ,
Unsecured Debt ,
Waivers
On May 25, 2023, the U.S. Court of Appeals for the Ninth Circuit, in a two-to-one split decision, held that an exemption to California’s usury laws for certain “aggregate” loan amounts applies only to indebtedness of a single...more