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National Assembly Passes Bill to Amend the Debtor Rehabilitation and Bankruptcy Act
  • Yulchon LLC
  • South Korea, USA
  • May 19 2016

On 19 May 2016, the National Assembly passed the bill to amend the Debtor Rehabilitation and Bankruptcy Act (“DRBA”). Key amendments include (1

“Bad Boy Guarantee” of Non-Recourse Partnership Debt
  • Sullivan & Cromwell LLP
  • USA
  • April 18 2016

On April 15, 2016, the IRS released a generic legal Advice Memorandum (the “GLAM”) providing an important and helpful clarification of the treatment

New York AG announces settlement payments to consumers affected by alleged predatory lending scheme
  • BuckleySandler LLP
  • USA
  • January 1 2016

On December 22, New York AG Schneiderman announced that more than 3,000 consumers received partial compensation from funds stemming from a global

FYI: MD Fla Bankr Holds TPCA Revocation of Consent Must Be "Express and Clear"
  • Maurice Wutscher LLP
  • USA
  • December 24 2015

The U.S. Bankruptcy Court for the Middle District of Florida recently held that: A bankruptcy trustee was entitled to recover $1,000 in statutory

Bankruptcy Proof of Claim form gets a makeover
  • Bradley Arant Boult Cummings LLP
  • USA
  • November 30 2015

Several of the Official Bankruptcy Forms will be replaced on December 1, 2015. For creditors, the most notable changes will be to two forms: the

Considerations for lenders in workouts & loan restructurings
  • Bilzin Sumberg Baena Price & Axelrod LLP
  • USA
  • February 12 2015

Despite the improvement in the economy since the advent of the “Great Recession,” many businesses nevertheless continue to struggle. Accordingly

Business law quarterlysummer 2014
  • Dykema Gossett PLLC
  • USA
  • August 25 2014

You may have encountered the term “bankruptcy remote”. It was coined to refer to a method of endowing a company with certain characteristics which

PACA and bankruptcy: what secured lenders must know
  • Choate Hall & Stewart LLP
  • USA
  • May 27 2014

The Perishable Agricultural Commodities Act has many ramifications for secured lenders who provide financing to borrowers that own goods that fall

Getting and keeping your place in line: two reminders if you take personal property as security for a debt
  • Ward and Smith PA
  • USA
  • August 29 2013

As all creditors know, you must file a financing statement under the Uniform Commercial Code ("UCC"), called a "UCC-1," with the North Carolina

Euroresource--deals and debt
  • Jones Day
  • Netherlands, Spain, United Kingdom, USA
  • July 30 2013

On 26 July 2013, the French government filed an amicus curiae ("friend of the court") brief supporting Argentina's petition requesting the U.S