On June 25, 2017, Takata’s US arm, TK Holdings Inc. and certain affiliates excluding certain foreign debtors such as Takata Corporation (Japan) (the “Takata US Debtors”), filed chapter 11 cases seeking bankruptcy protection...more
7/8/2017
/ Automotive Industry ,
Chapter 11 ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Executory Contracts ,
Foreign Affiliates ,
International Litigation ,
OEM ,
Product Defects ,
Sale of Assets ,
Suppliers ,
Supply Chain ,
Takata ,
Unsecured Debt ,
Vendor Contacts
In a significant ruling impacting commercial real estate lenders in Michigan, the 6th Circuit Court of Appeals has ruled that an absolute assignment of rents that had been fully perfected (by demanding payment from tenants to...more
5/17/2017
/ Appeals ,
Assignments ,
Change in Ownership ,
Chapter 11 ,
Collateral ,
Commercial Bankruptcy ,
Commercial Real Estate Market ,
Debtors ,
Default ,
Judicial Foreclosure Process ,
Lenders ,
Public Policy ,
Rent ,
Reorganizations ,
Transfer of Rights ,
Vacated
On March 22, 2017 the Supreme Court issued its long-awaited ruling regarding the legality of structured dismissals of Chapter 11 bankruptcy cases that would make final distributions of estate assets to creditors in a manner...more
4/7/2017
/ Absolute Priority Rule ,
Appeals ,
Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Consent ,
Czyzewski v Jevic Holding Corp ,
Priority Debt ,
Reversal ,
SCOTUS ,
Structured Dismissals ,
WARN Act