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

Bankrupt Aereo Gets Green Light To Stage Asset Auction

December

Source: Law360

A New York bankruptcy judge on Friday refused to halt Aereo Inc.'s plan to auction assets including intellectual property and equipment among as many as 17 potential buyers, some said to be significant competitors of broadcasters who had put on a full-court press to block the bidding. Read this article.

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Old GM Creditor Trust Says Defect Liability Lies With New GM

December 19, 2014

Source: Law360

The trust representing creditors of General Motors Co.’s bankruptcy estate says that the car company is unfairly trying to skirt lawsuits over drops in vehicle value stemming from flaws, including the deadly ignition switch defect, and that the plaintiffs have correctly directed their claims at New GM. Read this article.

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Chancery Fast-Tracks Suit Seeking Receiver For Caesars Unit

December 18, 2014

Source: Law360

A Delaware Chancery judge agreed Wednesday to fast-track a lawsuit lodged by senior creditors of a Caesars Entertainment Corp. subsidiary seeking to have a receiver appointed to oversee the casino giant's main operating unit, whose management the lenders accuse of “brazen corporate looting.” Read this article.

Networks Slam Aereo's Plans To Shop Infringing IP

December 17, 2014

Source: Law360

Broadcast networks that persuaded the U.S. Supreme Court to shut down television streaming service Aereo Inc. objected on Monday to the bankrupt startup’s plans to sell its technology, saying that they could be left unable to collect on an impending copyright damages award. Read this article.

Caesars Skips $225M Payment As Workout Talks Continue

December 16, 2014

Source: Law360

Caesars Entertainment Corp. elected Monday not to make a scheduled $225 million interest payment to junior bondholders, putting a clock on the overleveraged casino operator to sew up a restructuring deal before its biggest unit defaults. Read this article.

NJ Judge To Mull Backup Revel Bid After Nixing $110M Deal

December 15, 2014

Source: Law360

A New Jersey bankruptcy judge on Friday approved the termination of a $110 million deal for Brookfield Property Partners LP to purchase Atlantic City's bankrupt Revel Casino Hotel, potentially facilitating a $95.4 million purchase by a bidder who lost the property in a contentious auction. Read this article.

Teen Clothing Retailer Delia’s Files for Bankruptcy

December 12, 2014

Source: Bloomberg News

Delia’s Inc., the struggling clothing chain that caters to teenage girls, filed for Chapter 11 bankruptcy protection and will liquidate all merchandise after failing to find a buyer. The company listed assets of $74 million and debt of $32.2 million in court papers filed in White Plains, New York. The New York-based chain, said Dec. 5 that it had entered into an agreement with Hilco Merchant Resources and Gordon Brothers Retail Partners to dispose of assets, including furnishings, trade fixtures and equipment. Read this article.

Judge Denies Franklin Bid To Reduce Stockton Retiree Claims

December 11, 2014

Source: Law360

A California bankruptcy judge on Wednesday rebuffed Franklin Templeton Investments' request to trim retiree health benefit claims under the city of Stockton's Chapter 9 plan by more than $280 million, a move that would have slightly boosted the investment firm's recovery. Read this article.