The Bankruptcy Law Review is a collaboration of expert legal practitioners and academicians who write about both the legal and public policy aspects of corporate bankruptcy law.

Welcome to Bankruptcy Law Review

Welcome to Bankruptcy Law Review

BankruptcyLawReview.com is the result of a collaboration among leading legal experts and academicians in the area of Bankruptcy Law, including emphasis on the issues of fraudulent conveyances, preferences, and former officer, director, and shareholder liability. These legal matters have risen in importance among practitioners, judges, governments, corporate leaders and the public in recent years, creating an increased demand for current and authoritative law articles addressing them. The authors of Bankruptcy Law Review have set forth to contribute their knowledge on the subject and, in so doing, highlight their expertise in this very relevant area of the law.

News

Exide Wins Nod For Ch. 11 Plan To Slash Debt By $600M

May 12, 2015

Source: Law360

A Delaware bankruptcy judge blessed Exide Technologies Inc.'s reorganization plan on Friday, clearing the way for the battery maker to emerge from a lengthy stint in Chapter 11 with its debt load lightened by $600 million. Read this article.

OAS Will Roll Dice For Chapter 15 Status, Attys Say

May 8, 2015

Source: Law360

Attorneys for Brazilian construction giant OAS SA said Thursday that it's confident a New York bankruptcy judge will grant the company's request for protection from U.S. creditors as it restructures in its home country, but acknowledged it will be left “scrambling” and immediately facing multiple hedge fund lawsuits if the company's plan falls flat. Read this article.

Endeavour Pivots To Ch. 11 Sale Over Oil Price Drop

May 1, 2015

Source: Law360

Endeavour Operating Corp. ditched a prenegotiated $568 million debt-cutting strategy blown up by plunging energy prices, announcing new restructuring plans on Wednesday to auction its U.S.-based exploration and production assets out of bankruptcy. Read this article.

Jones Day’s Orr Champions Muni Settlement Model

April 30, 2015

Source: Law360

Fresh off a stint on the turnaround team overseeing Atlantic City’s finances, Jones Day partner and former Detroit emergency manager Kevyn Orr pushed back in an interview with Law360 against criticism that municipal restructuring negotiations can coerce investors or favor politically connected constituencies. Read this article.

Chassix Wins Hard-Fought OK On Ch. 11 Plan Disclosures

April 24, 2015

Source: Law360

The judge presiding over Chassix Inc.’s bankruptcy granted the auto supplier permission Thursday to submit its $463 million debt-cutting strategy for creditors’ consideration after insisting on additional disclosures surrounding its private equity sponsor’s proposed liability shield. Read this article.

Frederick's Of Hollywood Gets Interim Nod For $11M DIP Deal

April 22, 2015

Source: Law360

A Delaware bankruptcy judge on Tuesday blessed a slate of first day motions for Frederick's of Hollywood Inc., including preliminary approval of an $11 million debtor-in-possession financing package designed to support the iconic undergarment retailer while it pursues a speedy sale in Chapter 11. Read this article.

Bankruptcy Talks Collapse Between Caesars, Bank Lenders

April 21, 2015

Source: Law360

There will be no restructuring deal between Caesars Entertainment Operation Co. Inc. and its mission-critical bank lenders, the company said in a filing Monday, after a key proposal drove a $33 million wedge between the bankrupt casino company and banks such as Credit Suisse AG. Read this article.

NJ Judge Blocks Straub's Plan To Re-Energize Revel

April 20, 2015

Source: Law360

A New Jersey federal judge issued a bench ruling on Friday morning barring the new owner of the shuttered Revel Casino Hotel in Atlantic City from using equipment claimed by the resort’s former energy supplier to restore power to the building following a weeklong blackout. Read this article.