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Commercial Bankruptcy Creditors

Seward & Kissel LLP

Avenger Endgame and Bauer Outage

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Florida-Based Aviation Group Files for Chapter 11 Bankruptcy | WhatNow - Less than a year after selling a majority stake in its Warsaw-based pilot training center, Avenger Flight Group filed for bankruptcy along with 20...more

King & Spalding

BackBack and Better Than Ever: How Bankruptcy Can Offer Restaurants a Strategic Reset

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Restaurant operators have grappled with significant change in the past few years. The lingering impact of the COVID-19 pandemic, combined with a daunting collection of economic issues, including rapidly increasing labor...more

Dickinson Wright

You Use It, You Pay for It: TRP Brands Reinforces Landlord Rights

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When tenant debtors continue to use leased space after filing for bankruptcy, they, by definition, benefit from such use. Landlords often hold off on pressing available remedies because of the debtor’s continued use and...more

Adams & Reese

Read the Fine Print: An Authorization Clause Rescues a Creditor's Lapsed $1 Million Agricultural Security Interest in Bankruptcy...

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A recent bankruptcy opinion delivers welcome news for secured creditors: Even if a financing statement lapses, a creditor can re-perfect its security interest by filing a new financing statement—so long as the underlying...more

Ropes & Gray LLP

Distressed Debt Legal Insights: Special Edition: 2025 Takeaways and 2026 Outlook

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Welcome to a special edition of Distressed Debt Legal Insights, Ropes & Gray’s source of timely insights for professionals navigating the complex world of liability management and special situations finance....more

Levenfeld Pearlstein, LLC

Distressed Commercial Real Estate Update — Courts Curtail Certain Landlord Rights

A pair of recent tenant-friendly bankruptcy court decisions have (1) limited the scope of landlord priority expense claims, and (2) made it easier for a tenant in bankruptcy to assume and assign a lease over its landlord’s...more

Stikeman Elliott LLP

Beyond Elizabeth: The Current State of Fraudulent Conveyance and Fraudulent Preference Law in Canada

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I. INTRODUCTION: For decades, experts have recognized the need to reform Canada’s fraudulent conveyance and fraudulent preference laws (collectively, “reviewable transactions”), which have been described as “complex,...more

Morgan Lewis

Recent Bankruptcy Cases and Managing Fraud Risk

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Recent high-profile bankruptcy filings underscore how rapidly financial distress can escalate when aggressive growth strategies, complex financing structures, and weak controls intersect. The Tricolor Auto Group and First...more

Holland & Knight LLP

2025 Aviation Bankruptcy Update

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In keeping with the past five years, 2025 has continued to be an active time for airline restructurings and liquidations. The two largest U.S. aviation Chapter 11 proceedings that commenced during 2024, Spirit Airlines and...more

A&O Shearman

Court rulings on “fair” treatment of creditors reshape UK restructuring landscape

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The UK courts are redefining the standards for creditor treatment under the country’s restructuring plans. Amid developing case law around “fairness” in court-sanctioned processes, market participants are exploring...more

A&O Shearman

U.S. restructuring 2025 review and 2026 outlook

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U.S. bankruptcies and restructurings are expected to remain broadly steady in 2026, providing ample opportunity for restructuring and special situations investment. In the meantime, the U.S. market is assessing the...more

A&O Shearman

New law on rehabilitation and bankruptcy: bringing Vietnam’s bankruptcy regime closer to international practice

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Vietnam has overhauled its decade-old bankruptcy legislation and enacted Law on Rehabilitation and Bankruptcy No. 142/2025/QH15 (RBL 2025), which will take effect on March 1, 2026 and replace the existing Law on Bankruptcy...more

Adams & Reese

What’s In a Name? A $500,000.00 Secured Claim, According to the United States Bankruptcy Court for the Eastern District of Texas

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A recent decision by the United States Bankruptcy Court for the Eastern District of Texas (the “Court”), In re East Texas Machining & Manufacturing, LLC, Adversary No. 24-06043, Case No. 23-60629, (Bankr. E.D. Tex. Jan. 29,...more

Ervin Cohen & Jessup LLP

What Is the Proper Venue for Filing Financing Statements and Judgment Liens When the Entity Involved Was Formed Out of State?

Q: I am a receiver for a Delaware LLC who’s business is operated in California and Nevada. A creditor of the LLC has contacted me demanding   that I turnover the proceeds of receivables I have collected, contending it has a...more

K&L Gates LLP

Has the Texas Two-Step Become the Thames Two-Step?

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In the first of its kind, a US company with no prior connection to the United Kingdom, has financially restructured via a Part 26A Companies Act (UK) Restructuring Plan (the RP), in respect of which it also achieved Chapter...more

Latham & Watkins LLP

Insolvency Disputes: Spain as a Bellwether for European Restructuring Litigation

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Over the past three years, Spain has operated as a real-time test market for the EU’s shift towards court-backed, pre-insolvency restructuring. Economic uncertainty, higher interest rates, and sectoral distress have...more

Davies Ward Phillips & Vineberg LLP

Setting the Precedent: 2025's Legal Landmarks and the Path Ahead

From "multi-Crown" class actions to the corporate attribution doctrine, Davies litigators explore the judicial shifts from 2024-2025 that business leaders need to know - Although 2025 is now in the rearview mirror, the...more

Robinson & Cole LLP

2025 Chambers Insolvency Global Practice Guide Chapters: Law and Practice – USA

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An overview of the U.S. insolvency framework, addressing core principles, creditor rights, restructurings, and cross-border issues....more

Davidoff Hutcher & Citron LLP

How Chapter 11 Can Resolve Your Personal Guarantees and EIDL Loans

If you’re a restaurant owner in New York carrying COVID-era EIDL debt and personal guarantees that feel impossible to pay, I have good news: there are real, practical pathways to resolve these obligations—often for far less...more

Davidoff Hutcher & Citron LLP

Workout, Wind-Down, or Chapter 11: Choosing the Right Restructuring Path for New York Restaurants

When your restaurant is struggling, it’s natural to ask: “Do I really need to file bankruptcy?” The honest answer is – not always, but it’s often times either the best (and only) option....more

Arnall Golden Gregory LLP

Restructuring Roundup - January 2026

AGG’s Restructuring Roundup newsletter is a monthly update of legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a curation of published articles and news, and contains...more

Seward & Kissel LLP

Trimming the Fat, Lap of Luxury and Brand Awareness

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Fat Brands, burdened with heavy debt, declares bankruptcy | Restaurant Business - The owner of Fatburger, Twin Peaks, Johnny Rockets, and Nestle Toll House Café—among other brands—has declared bankruptcy after accruing...more

Holland & Knight LLP

Illinois Adopts Expansive Receivership Act Effective January 1, 2026

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The Illinois Receivership Act (the Act) creates a comprehensive statutory framework for commercial receiverships, effective January 1, 2026, that in practice functions as a "mini bankruptcy." The Act modernizes and...more

Morgan Lewis

Anthology and ‘In-Court’ Liability Management Transactions: What to Know

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Tactics used in liability management type transactions (LMTs) have made their way to bankruptcy cases, including non pro rata debtor-in-possession (DIP) rollups, leading to objections from non-participating lenders. Most...more

Conyers

Top 5 Asia Pacific Publications of 2025

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The Conyers Hong Kong and Singapore offices produced rich and varied content in 2025. The topics that resonated most with readers in the Asia-Pacific region came from our Corporate, Investment Funds, Private Client and Trust...more

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