As the cannabis industry matures, there will be winners and losers. Losers lack access to the U.S. Bankruptcy Code. Marijuana related assets cannot be sold free and clear of liens and encumbrances via the tried and true...more
7/26/2023
/ Agribusiness ,
Asset Management ,
Assignment of Benefits (AOB) ,
Bankruptcy Code ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Commercial Bankruptcy ,
Controlled Substances Act ,
Financial Distress ,
Receivership ,
Sale of Assets ,
Section 363 ,
Trustee Sales
The U.S. Supreme Court decided recently to uphold a licensee’s right to continue using trademarks despite the bankrupt licensor’s rejection of the underlying license agreement....more
5/24/2019
/ Bankruptcy Appellate Panel (BAP) ,
Bankruptcy Code ,
Breach of Contract ,
Commercial Bankruptcy ,
Debtors ,
Exclusions ,
Executory Contracts ,
IP License ,
Mission Product Holdings Inc v Tempnology LLC ,
Rescission ,
Reversal ,
SCOTUS ,
Section 365 ,
Split of Authority ,
Trademark Licenses ,
Trademarks ,
Trustees
The Issue and Background -
Debtors David Caulkett and Edelmiro Toledo-Cardona (“Debtors”) each filed for Chapter 7 bankruptcy relief with “underwater” junior mortgages held by Bank of America, N.A. (“Bank”). In other...more
6/23/2015
/ Bank of America ,
Bank of America v. Caulkett ,
Bankruptcy Code ,
Chapter 13 ,
Chapter 7 ,
Consumer Bankruptcy ,
Foreclosure ,
Junior Lenders ,
Junior Liens ,
Lien Stripping ,
Mortgage Lenders ,
Mortgages ,
Property Valuation ,
SCOTUS ,
Section 506 ,
Underwater Homeowners ,
Unsecured Debt