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Commercial Restructuring & Bankruptcy Alert: October, 2016, Issue 3

USA - October 13 2016 A vendor may reclaim goods sold on credit to an insolvent debtor that has filed for bankruptcy. However, New York Bankruptcy Courts have consistently...

Christopher A. Lynch, Lloyd A. Lim, Christopher O. Rivas, Brian M. Schenker, Peter S. Clark, II, Derek J. Baker, Jared S. Roach, Alison Wickizer Toepp, Lauren S. Zabel, Sarah K. Kam.


The Third Circuit overrules a long-standing case, changing the ability of personal injury plaintiffs to bring suit against debtors

USA - September 13 2010 The rules have changed in the Third Circuit for personal injury plaintiffs seeking recovery from bankrupt and reorganized debtors....


Fifth Circuit upholds bad faith sanctions

USA - April 27 2009 Troubled economic times predictably result in an escalation in bankruptcy filings....


Knowledge of bankruptcy does not bar state action where credit or is not given formal notice

USA - April 27 2009 A known creditor, which was aware of a debtor’s pending bankruptcy but did not receive legally required notice of the debtor’s chapter 11 case, was not barred from bringing a state action following bankruptcy discharge....