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Bankruptcy
Bankruptcy Law360 provides breaking news and analysis on bankruptcy law. Coverage includes corporate bankruptcies and out-of-court restructurings, as well as corporate distress and imminent bankruptcy and policy developments that affect bankruptcy law.
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Latest News in Bankruptcy
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November 25, 2020
Akin Gump Must Explain Role In $1B Ohio Energy Bailout Bill
An Ohio bankruptcy judge ordered Akin Gump Strauss Hauer & Feld LLP attorneys billing the bankruptcy estate of reorganized debtor FirstEnergy Solutions Corp. to explain what role, if any, they had in lobbying efforts to get a controversial $1 billion nuclear reactor bailout bill passed by the Ohio Legislature before he would approve their fees.
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November 25, 2020
Judge Won't Order Ch. 11 Freeze On Crypto Firm's Assets
Creditors of bankrupt cryptocurrency investment venture Cred Inc. lost a bid Wednesday to have the Delaware Bankruptcy Court order certain currency exchanges to freeze assets they say are linked to fraudulent diversions from the company.
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November 25, 2020
Odebrecht Construction Co. Files For Ch. 15 Bankruptcy In NY
Brazilian construction firm Odebrecht Engineering and Construction has asked a New York bankruptcy judge to extend U.S. bankruptcy protections to its construction division in a Chapter 15 petition and enforce the terms of its $4.1 billion restructuring plan.
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November 25, 2020
NY Contract Litigation Indicates Limits Of COVID-19 Defenses
Although there has not yet been a decision on the merits, a wave of COVID-19 litigation concerning force majeure, impossibility and frustration of purpose in New York indicates that using pandemic-related excuses to avoid contractual obligations may be limited, says Seth Kruglak at Norton Rose.
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November 24, 2020
Bondholders Can't Claim 'Hope' Of PR Retirement Funds
A U.S. Court of Federal Claims judge has dismissed a suit by Puerto Rican bondholders seeking to stake a claim on future retirement fund contributions, saying a 2020 Supreme Court ruling had stripped its jurisdiction, and that "mere hope" is not something the bondholders could claim.
Areas of Coverage
- PROCEEDINGS
- Liquidations under Chapter 7
- Municipal bankruptcies under Chapter 9
- Reorganizations under Chapter 11
- Cross-border bankruptcies under Chapter 15
- Chapter 7 conversions
- Out-of-court debt restructurings
- U.S. trustee appointments
- Law firm and restructuring firm retentions
- Creditor committee formation
- Debtor-in-possession financing
- Disclosure statements
- Reorganization plans and plan confirmation
- Adversary proceedings
- Creditor disputes
- Clawback suits
- Fraudulent transfer actions
- Asset sales
- Bankruptcy appeals
- POLICY & REGULATION
- Federal and state regulation and legislation that affects bankruptcy procedure
- PROFILES
- Personnel moves
- Profiles of bankruptcy practices
Readership
- Bankruptcy lawyers at top law firms
- Corporate counsel and compliance officers at Fortune 1000 companies
- Executives and attorneys in the restructuring and hedge fund industries
- Information experts at law firms, agencies, and companies
- Policymakers at federal and state agencies
- Judges and court staff across the U.S.
- Professors, students, and library staff at every accredited law school in the U.S.
- Attorney and law firm marketing professionals