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COVID-19 brought new realties to almost every aspect of life including the physical production of print/mail noticing and the timely delivery of mail by the U.S. Postal Service (USPS). The fallout from heavy mail in ballots during the 2020 elections as well as record increases in online shopping and shipping caused systemic delivery delays throughout the USPS. Return of undeliverable mail was reported to take up to two months to be returned during peak periods.
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What a Post-COVID-19 World: Debtors’ Extraordinary Responses to COVID-19
By Gerard S. Catalanello and Kimberly J. Kodis
The impact of the pandemic rages on and, in its path leaves many businesses and industries demolished or, at best, severely impaired. Once again, the Bankruptcy Code has been called upon to provide relief to those in dire need
ABCs As an Alternative to Bankruptcy for Implementing Distressed Transactions
By David S. Kupetz
Companies suffering financial distress frequently reach a crossroads where they need to either implement some type of transaction or will be forced to liquidate. In developing a plan for moving forward, management should evaluate and determine, with appropriate input from outside experts, feasible alternatives.
Consumer Bankruptcies In 2021 Can Benefit Both Client and Practitioner
By Joshua Denbeaux, Lee M. Perlman and Heidi Spivak
As in past times of economic turmoil, it is anticipated that there will be a surge in residential foreclosures, debt collection activity, and the resultant wave of consumer bankruptcy filings.
U.S. Supreme Court Allows Repossessing Secured Lender to Hold Collateral Pending Bankruptcy Stay
By Michael L. Cook
A secured lender’s “mere retention of property [after a pre-bankruptcy–repossession] does not violate” the automatic stay provision of the Bankruptcy Code, held a unanimous U.S. Supreme Court in City of Chicago v. Fulton.
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