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Bankruptcy Rulings May Help Debtors Qualify For PPP Loans

USA - May 7 2020 One of the landmark protections enacted by the Coronavirus Aid, Relief and Economic Security, or CARES, Act on March 27 was the Paycheck Protection…

John T. Baxter.

Third Circuit Hands Down Important Decision Providing Guidance on Liquidation of Repo ‘Credit Enhancements

USA - February 3 2020 The United States Court of Appeals for the Third Circuit issued an opinion on December 24, 2019, In re Homebanc Mortgage Crop., No. 18-2887, 2019 WL…

When is a “Mere Conduit” More Than A “Mere Conduit”? The Second Circuit Has a Clue

USA - January 21 2020 Section 546(e) of the Bankruptcy Code is a safe harbor provision that establishes that a trustee or debtor-in-possession may not avoid a transfer “by…

John T. Baxter.

No Dice: State Law Precludes Recovery of $50,000,000 Gaming License Fee

USA - January 14 2020 In 2007, Philadelphia Entertainment and Development Partners, LP dba Foxwoods Casino Philadelphia ("Plaintiff") secured a gaming license from…

Woods Drinkwater.

The Sixth Circuit Sets Standard on Power Struggle at Play in Bankruptcy Proceedings Between a Federal Agency and its Federally Endorsed Contracts and the Bankruptcy Court

USA - December 31 2019 In In re FirstEnergy Solutions Corp., 2019 WL 6767004 (6th Cir. Ct. App.), the United States Court of Appeals affirmed in part, reversed in part, and…

Chelsea Baltes.