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While the number of bankruptcy cases has been trending down over the past year, and we have seen some positive economic activity, there are also predictions that long-term negative impacts could result in an increasing number of corporate restructurings and bankruptcy filings.
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There Is No Post-Confirmation True-Up of Projected Disposable Income In Subchapter V
By Jonathan P. Friedland, Mark Melickian & Hajar Jouglaf
A large number of reported decisions interpreting Sub V have mostly addressed the eligibility threshold for a debtor to proceed under the new law. And legitimate questions will continue to present themselves. Such is the nature of most new (and even not-so-new) statutes.
PPP Loans and Small Business Debtors In Bankruptcy
By Alison D. Bauer
At present, there remains no avenue for Chapter 11 debtors to receive PPP Loans during the course of the bankruptcy case. The limitation on PPP availability notwithstanding, other legislative changes have greatly enhanced the eligibility for and efficacy of bankruptcy relief for many small businesses.
Employment Law Considerations In Bankruptcy
By Wendy Johnson Lario, Alan Brody and Scott Humphreys
This article addresses some of the relevant employment laws and litigation vulnerabilities that companies, including their owners, officers and directors, should consider before ceasing operations or filing for bankruptcy.
Just Say No: Discovery In Chapter 15 Bankruptcies Is Asymmetrical
By Daniel Coyle
Chapter 15 specifically allows foreign representatives to conduct discovery in the U.S., but be wary of other entities that seek to distract and/or delay the Foreign Representative from the asset search.
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