The Issuers of Stock Held Liable for Double-Pledge
A Louisiana bankruptcy court, in the Karcredit LLC case, recently considered a case involving two lenders and one stock certificate. At the heart of the Karcredit case was a party who relied on a stock...
View ArticleBankruptcy Court Finds “Critical Vendor” Label Provides No Insulation from...
In what could likely end up an influential ruling, a Delaware court recently held that securing a “critical vendor” status in Chapter 11 commercial bankruptcy case ultimately offers no defense in...
View ArticleThird Circuit Holds Pre-Effective and Post-Confirmation Date “Claims” Can be...
Toward the end of 2021, a federal circuit court found for the first time that claims that became connected to a debtor’s case after a Chapter 11 plan was confirmed but before the plan’s effective date...
View ArticleRennaker v. Davis Highlights What Cannot be Discharged in Bankruptcy
The recent Rennaker case involved various claims addressing what is dischargeable under both 11 U.S.C. section 523 and section 727. The Judge’s decision, in this case, provides a detailed examination...
View ArticleDistrict Court Disrupts Purdue’s Reorganization Plan: Future Restructuring...
In December 2021, a Judge for a New York district court (NYDC) issued a decision in bankruptcy involving Purdue Pharma. The judge overturned a bankruptcy court’s confirmation of Purdue’s Chapter 11...
View ArticleNon-Consensual Releases of Third Parties Approved by Bankruptcy Court
In February 2020, as one of several decisions concerning third-party releases (TPRs), a bankruptcy court judge confirmed a reorganization plan and its associated debtor entities which include...
View ArticleCalifornia Wage Garnishment Laws
Being in debt fills your mind with worries, but the consequences of falling behind on your death are more like death by a thousand cuts than a single, dramatic catastrophe. Disasters like getting...
View ArticleA Senior Citizen’s Guide to Filing for Bankruptcy
Just as you are never too rich or poor to file for bankruptcy, you are never too young or old. The stereotype that a lot of people hold is that people who file for bankruptcy are men in their 30s or...
View ArticleThe Plight of ALICE
You work all the time, but you are still in debt. Economists use the term “the working poor,” but you would never use that term to describe yourself. It sounds like something that supervillains say...
View ArticleABLE Act Expansions Could Bring Financial Relief for Adults With Disabilities
Living with a disability means managing all kinds of hassles and uncertainties. If you are having a good day or a good week, you try to be as productive as you can because you never know when your...
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