WASHINGTON – In a continuation of the downward trend that began in 2011, bankruptcy filings in federal courts declined during calendar year 2012, according to data released by the Administrative Office of the U.S. Courts.
Published: January 18, 2013
Tags: absolute priority rule, Bankruptcy Abuse Prevention and Consumer Protection Act, Chapter 11
The 2005 amendments to the Bankruptcy Code did not exempt individual Chapter 11 debtors from the application of the absolute priority rule, the 10th Circuit has ruled in reversing judgment.
Less than one year after Frank and Jamie McCourt reached a settlement in their contentious divorce proceedings, the couple is back in court.
The owner of a restaurant was not entitled to a discharge of debt for unpaid retail sales taxes when he filed for Chapter 11 bankruptcy protection, the 3rd Circuit has ruled in affirming judgment.
A controversial fee proposal from the Executive Office for U.S. Trustees is receiving a cold reception from bankruptcy lawyers, with some even threatening to leave the practice if the policy is implemented.
A class claims seeking damages for alleged defects in Owens Corning roofing shingles were not discharged by the company’s Chapter 11 bankruptcy case, the 3rd Circuit has ruled in reversing a summary judgment.
Liability insurers could not enforce anti-assignment clauses in their policies when their policyholder sought relief in bankruptcy from asbestos claims, the 3rd Circuit has ruled in affirming judgment.
WASHINGTON – The justices of the U.S. Supreme Court took up a complicated bankruptcy case Monday, parsing the language of the Bankruptcy Code to determine if a Chapter 11 debtor must give a secured creditor the right to credit bid items being sold at auction.
An insolvent asbestos defendant’s bankruptcy filing does not stay all litigation involving solvent co-defendants, the Alabama Supreme Court has ruled.
The U.S. Supreme Court will decide whether a Chapter 11 debtor may pursue a reorganization plan that proposes to sell encumbered assets at auction free and clear of liens without allowing a secured lender to bid its credit.