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Results: 1-10 of 8,589

Are Those Taxes Owing On Your Late-Filed Tax Return Dischargeable? Maybe, But You Better Be In The Right Circuit
  • Bryan Cave LLP
  • USA
  • July 25 2016

Individual debtors with old tax debts relating to late-filed tax returns may be surprised to find that those tax debts may not be dischargeable under


Assignment for the Benefit of Creditors: Stay of Litigation
  • Jimerson & Cobb P.A.
  • USA
  • July 22 2016

This is the first of three follow-up blogs to our earlier publication Assignment for the Benefit of Creditors: General Overview. This blog explores


Supreme Court nixes Puerto Rico insolvency law, but Congress legislates new path
  • Caplin & Drysdale, Chartered
  • Puerto Rico, USA
  • July 22 2016

On July 13 2016, the US Supreme Court issued its ruling in Puerto Rico v Franklin California Tax-Free Trust. Affirming the decision of the court of


Second Circuit: “Free and Clear” Asset Sale in GM Bankruptcy Does Not Shield GM from Liability for Pre-Sale Ignition Switch Defects
  • Arent Fox LLP
  • USA
  • July 21 2016

In 2009, General Motors ("Old GM") commenced a chapter 11 case and sold the bulk of its business and assets to a new entity ("New GM") "free and


PROMESA Shields Puerto Rico Behind a New Automatic Stay
  • Bryan Cave LLP
  • Puerto Rico, USA
  • July 21 2016

On June 30, 2016, President Obama signed the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) into law. A copy of the Act


Freedom of Contract in LLC Structure Is Not Absolute Where Parties Seek Bankruptcy Relief
  • McCarter & English LLP
  • USA
  • July 21 2016

In re Intervention Energy Holdings, LLC, Case No. 16-11247 (D. Del. June 3, 2016), the Bankruptcy Court for the District of Delaware dealt with the


Delaware Bankruptcy Court Declines to Follow Second Circuit and Holds Safe Harbors Do Not Apply to Some State Law Fraudulent Conveyance Claims
  • Hunton & Williams LLP
  • USA
  • July 21 2016

The Bankruptcy Court for the District of Delaware recently held that the Bankruptcy Code Section 546(e) safe harbors do not prevent a liquidation


Enforcing Personal Guaranties
  • Murtha Cullina LLP
  • USA
  • July 20 2016

You might wonder whether lenders can enforce a guaranty of a loan from an individual or entity that has no formal connection with the borrower, i.e


Second Circuit Clarifies Notice Requirement for Successor Liability Protection in Chapter 11 Asset Sale Orders
  • Schulte Roth & Zabel LLP
  • USA
  • July 20 2016

A bankruptcy court's asset sale order limiting specific pre-bankruptcy product liability claims required prior "actual or direct mail notice" to


Subjective Intent to Assume Unexpired Lease of Nonresidential Real Property Deemed Insufficient
  • Weil Gotshal & Manges LLP
  • USA
  • July 20 2016

Pursuant to a provision of the Bankruptcy Code familiar to readers of Weil’s Bankruptcy Blog (see our prior post, To Assume or Not to Assume, that Is