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Why Subchapter V Is More Appealing Than Chapter 11 for Small Businesses Image

Why Subchapter V Is More Appealing Than Chapter 11 for Small Businesses

By Stuart B. Newman & Steven H. Newman

The Small Business Reorganization Act created a new pathway for small businesses to remain in control of running their businesses, which is the usual reason for choosing to seek relief under Chapter 11, while eliminating many of the reasons that typical Chapter 11 proceedings exhausted the patience, and wallets, of both debtors and creditors.

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Private Student Loan Debt and the Exception to Discharge As Viewed Through the Eyes of the Circuit Courts Image

Private Student Loan Debt and the Exception to Discharge As Viewed Through the Eyes of the Circuit Courts

Gerard S. Catalanello & Kimberly (Kodis) Schiffman

A summary of the factors that courts have considered and will likely continue to consider when addressing dischargeability of private student loans under subsection 523(a)(8)(A)(ii) of the Bankruptcy Code, and a cautionary word for practitioners considering whether to put forth an argument to the contrary.

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Fifth Circuit Ruling Gives Commercial Lessees Likely Protection In Bankruptcy Court Free and Clear Asset Sales Image

Fifth Circuit Ruling Gives Commercial Lessees Likely Protection In Bankruptcy Court Free and Clear Asset Sales

Michael L. Cook

The Fifth Circuit signaled that it would not approve in later cases a bankruptcy court asset sale of real property that summarily cuts off the rights of the debtor's lessees.

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Why Bankruptcy Attorneys Need to Help Their Clients Face Distressed Assets Now Image

Why Bankruptcy Attorneys Need to Help Their Clients Face Distressed Assets Now

William (Bill) Lobel

Cyclical challenges in the economy are nothing new to bankruptcy attorneys and their clients, and 2022 is shaping up to be that kind of year for business owners nationwide. This is likely to result in a greater need for the services of bankruptcy attorneys as business owners face a mounting wave of distressed financial assets.

Features

Fifth Circuit Ruling Gives Commercial Lessees Likely Protection In Bankruptcy Court Free and Clear Asset Sales Image

Fifth Circuit Ruling Gives Commercial Lessees Likely Protection In Bankruptcy Court Free and Clear Asset Sales

Michael L. Cook

The Fifth Circuit signaled that it would not approve in later cases a bankruptcy court asset sale of real property that summarily cuts off the rights of the debtor's lessees.

Features

Fifth Circuit Resolves 'Clash' Between FERC and Bankruptcy Courts Image

Fifth Circuit Resolves 'Clash' Between FERC and Bankruptcy Courts

Douglas S. Mintz & Michael L. Cook

A Chapter 11 debtor's "rejection [(under Code §365(a)] of a filed-rate [natural gas] contract … relieve[d] it of the obligation to continue performance absent the approval of FERC [(the Federal Energy Regulatory Commission]," held the U.S. Court of Appeals for the Fifth Circuit.

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Is the Use of Third-Party Releases In Bankruptcy Cases Stretched Too Thin? Image

Is the Use of Third-Party Releases In Bankruptcy Cases Stretched Too Thin?

Francis J. Lawall & Suzanne Soboeiro

Third-party releases are often incorporated into the bankruptcy plan as a means of protecting nondebtor parties from litigation that is directly or even tangentially related to the debtor's business. Over the last several years, the scope and use of such third-party releases appears to have been stretched arguably to the breaking point as demonstrated in a recent and important district court decision.

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Wrestling With the Meaning of 'Ordinary' Under the Bankruptcy Code Image

Wrestling With the Meaning of 'Ordinary' Under the Bankruptcy Code

Andrew C. Kassner & Joseph N. Argentina Jr.

The Bankruptcy Code protects regular, ordinary commercial transactions between distressed companies and vendors willing to continue the relationship. But what is ordinary?

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Common Issues In Commercial Property Bankruptcies Image

Common Issues In Commercial Property Bankruptcies

Robert K. Scheinbaum & Philip W. Allogramento III

A review of landlord-tenant bankruptcy issues that should be in the forefront for landlords and tenants in determining rights, obligations and strategies when a bankruptcy involving a commercial property is filed.

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Sheppard Mullin's Suit Over Buyer's Deposit to Acquire Bankrupt Film Co. Image

Sheppard Mullin's Suit Over Buyer's Deposit to Acquire Bankrupt Film Co.

Jessie Yount

A suit filed by the law firm Sheppard Mullin as plaintiffs reveals Chapter 11 acquisition talks fell through between the firm's client Cecchi Gori Pictures and a potential buyer comprising a trio of film producers.

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