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

Saab Owner Loses Bid For Reorganization 2 Years After Buy

August 29, 2014

Source: Law360

A Swedish court on Thursday rejected National Electric Vehicle Sweden AB's bid for a reorganization, which the company — owner of Saab's assets after its 2012 bankruptcy — had said earlier in the day was necessary to avoid surrendering assets to impatient creditors and buy time for negotiations. Read this article.

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Bottle Maker's Creditors Eyeing Dechert's Role In Ch. 11

August 28, 2014

Source: Law360

Bottle maker Constar International Holdings LLC and its unsecured creditors want to tap a firm known for bankruptcy estate recovery to go after yet-unnamed defendants, potentially including its former counsel Dechert LLP, over allegations contained in a sealed report, according to court papers filed Monday. Read this article.

Crumbs Sale To Joint Venture Wins Court Approval

August 27, 2014

Source: Law360

A New Jersey bankruptcy judge on Tuesday signed off on the $6.5 million acquisition of bankrupt Crumbs Bake Shop Inc. by a joint venture between television investment guru Marcus Lemonis and the owner of ice cream chain Dippin' Dots, days after Crumbs canceled a planned auction for lack of competing suitors. Read this article.

Florida-based Education Training Corp. Hits Ch. 11

August 26, 2014

Source: Law360

Education Training Corp., operator of a chain of for-profit career-training schools, sought Chapter 11 protection in Delaware bankruptcy court on Monday with up to $100 million in liabilities. Read this article.

6th Circ. Says Restitution Order Trumps Bankruptcy Stay

August 25, 2014

Source: Law360

A criminal restitution judgment can be enforced against property in a bankruptcy estate over the Bankruptcy Code's automatic stay, the Sixth Circuit said on Friday, ruling on an appeal involving a man who was convicted of mail and wire fraud and sought refuge in Chapter 13 bankruptcy before he finished paying restitution judgments. Read this article.

Detroit Floats Utilities Spinoff As $5B Refi Hangs In Balance

August 22, 2014

Source: Law360

Amid a critical $5.2 billion debt refinancing attempt, the city of Detroit on Wednesday resurrected its long-percolating proposal to spin off the Detroit Water and Sewerage Department into a regional system serving three neighboring counties and unlock a new revenue stream. Read this article.

Argentina Plans To Skirt US Courts, Pay Bonds Locally

August 21, 2014

Source: Law360

The president of Argentina on Tuesday announced a plan to pay holders of its sovereign debt outside of the reach of U.S. courts, after a New York federal judge blocked a payment to bondholders who agreed to restructurings, which led the country to default for the second time in 13 years. Read this article.

Korean Shipbuilder Daehan Seeks Ch. 15 Protection

August 20, 2014

Source: Law360

Daehan Shipbuilding Co. Ltd. asked a New York bankruptcy court on Monday to recognize its Korean bankruptcy proceeding, saying it needs protection from a U.K. court’s $54.5 million judgment as it attempts to restructure debts following a liquidity crisis. Read this article.