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Koley Jessen PC | USA | 21 Sep 2023

Subchapter V Debtor’s Exclusive Right To File A Plan: Not A Super-Power

Once a Subchapter V debtor is removed from possession under § 1185(a), what happens next? The answer to this question seems to have evolved…
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Koley Jessen PC | USA | 19 Sep 2023

Equitable Mootness Doctrine At U.S. Supreme Court (U.S. Bank v Windstream)

The equitable mootness doctrine is before the U.S. Supreme Court on a Petition for writ of certiorari. The case is U.S. Bank National Association v…
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Koley Jessen PC | USA | 14 Sep 2023

Third-Party Releases At U.S. Supreme Court & Strong Views Of Individual Victims (In re Purdue Pharma)

Here’s my take on third-party releases in a bankruptcy plan [not that anyone asked]: third-party releases should be rare and…
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Koley Jessen PC | USA | 12 Sep 2023

Subchapter V Trustee’s Facilitation Role (Part 6)—DUTIES & INHERENT POWERS

“(b) Duties.—The [Subchapter V] trustee shall— . . . (7)facilitate the development of a consensual plan of reorganization.” From 11 U.S.C §…
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Koley Jessen PC | USA | 7 Sep 2023

Proposed UCC Amendments: A Conservative Approach That Preserves And Restores Prior Law

Misunderstandings happen. That's especially true of the proposed amendments to the Uniform Commercial Code. Misunderstandings about the proposed…
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Koley Jessen PC | USA | 5 Sep 2023

Nebraska Department of Revenue Publishes PTET Forms

On September 1, 2023, the Nebraska Department of Revenue published forms to implement Nebraska’s new pass-through entity tax (PTET) law. In May, we…
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Koley Jessen PC | USA | 5 Sep 2023

Subchapter V Trustee’s Facilitation Role (Part 5)—INVESTIGATION DUTIES

“(b) Duties.—The [Subchapter V] trustee shall— . . . (7)facilitate the development of a consensual plan of reorganization.” From…
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Koley Jessen PC | USA | 31 Aug 2023

Perpetuating A Bad Homestead Exemption Rule at U.S. Supreme Court (Wells v. McCallister)

“Notwithstanding the court of appeals’ error, this case does not warrant this Court’s review.” Recommendation in Solicitor…
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Koley Jessen PC | USA | 29 Aug 2023

Subchapter V Trustee’s Facilitation Role (Part 4)—A CITY OF DETROIT MODEL

Facilitation is, by statute, a duty of every Subchapter V trustee—something a Subchapter V trustee must do. But the nature and boundaries of the…
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Koley Jessen PC | USA | 24 Aug 2023

College Sports: NIL & Bankruptcy?

There is an entirely-new group of rich people: well . . . They aren’t actually rich, compared to the truly rich; but compared to most of their peers…
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