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There Is No Post-Confirmation True-Up of Projected Disposable Income In Subchapter V
Congress created Subchapter V of Chapter 11 (Sub V) of the Bankruptcy Code to help small business debtors (companies and individuals) complete traditional reorganizations in Chapter 11. It is no secret that Chapter 11, over the years, evolved to be an expensive and uncertain remedy for those seeking its relief, especially smaller debtors. Moreover, the sale of substantially all of a debtor's assets outside the context of a Chapter 11 plan went from being the exception, in the early 1980s, to the rule today.
This explains, in part, the rise of Chapter 11 alternatives like assignments for the benefit of creditors and friendly UCC foreclosures followed by a sale of the assets of the company by the foreclosing lender back to the owners of the defaulting company (or a newco comprised by parties including them). See, Jonathan Friedland, Rise of the Alternatives for more information.
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Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
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When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.