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New Bankruptcy Court Ruling on When a Creditor Can File a Late Proof of Claim

USA - June 4 2021 A creditor in bankruptcy must normally file a proof of claim by a certain specified time, known as the bar date, or have its claim be barred…

Daniel A. Lowenthal

New York Bankruptcy Court Issues Ruling on Recognition of Foreign Proceedings

Cayman Islands, USA - August 22 2019 Chapter 15 of the Bankruptcy Code, added in 2005, provides a route for debtors to obtain US recognition of their insolvency proceedings in other…

Daniel A. Lowenthal

Federal Appeals Court Rules on Requirements for Involuntary Bankruptcy

USA - December 26 2019 Section 303 of the Bankruptcy Code allows creditors to initiate an involuntary bankruptcy case against a debtor. The petition initiating the case…

Daniel A. Lowenthal

Court Holds that Bankruptcy Judges Cannot Impose Punitive Sanctions

USA - December 21 2017 Bankruptcy courts lack the power to impose serious punitive sanctions, a federal district judge ruled recently in PHH Mortgage Corporation v…

Supreme Court Agrees to Hear a Case About the Scope of the Fraud Exception to Discharge

USA - May 18 2022 A discharge in bankruptcy usually discharges a debtor from the debtor’s liabilities. Section 523 of the Bankruptcy Code, however, sets forth certain…

Daniel A. Lowenthal