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Are Make-Whole Provisions Enforceable in Bankruptcy? It May Depend on Where the Debtor Files | New...
Law.com· 21 hours agoMake-whole provisions require borrowers to pay a premium if a loan is repaid before maturity....
Brevard's two Red Lobsters targeted for possible closing as part of Bankruptcy Court process
Florida Today via Yahoo Finance· 2 days agoSeeking Chapter 11 protection frees a company from the threat of creditors' lawsuits while it...
Cayman Islands Branch of FDIC-Insured U.S. Bank Ineligible for Chapter 15 Relief | JD Supra
JD Supra· 3 days agoThe Bankruptcy Code bars certain individuals or entities from filing for bankruptcy protection, generally because they do not reside ...
Delaware Bankruptcy Court: "Center of Main Interests" for Purposes ofChapter 15 Recognition Must Be...
JD Supra· 4 days agoDetermining a foreign debtor's "center of main interests" ("COMI") for purposes of recognizing a foreign bankruptcy proceeding in the United States under chapter& ...
Opinion | The Moral Limits of Bankruptcy Law
New York Times· 4 days agoWhen Purdue Pharma filed for Chapter 11 bankruptcy in 2019, it had over a billion dollars in the bank and owed no money to lenders. The ...
U.S. Supreme Court Holds that Insurers are Parties in Interest in Bankruptcy Proceedings and Can...
JD Supra· 1 day agoCompanies faced with numerous mass tort claims, such as asbestos claims, often seek bankruptcy protection. Reorganization plans may include § 524(g)...
Lancaster County bankruptcies: June 7, 2024
Lancaster Online· 1 day agoHere is a list of Lancaster County bankruptcies recorded in U.S. Bankruptcy Court, Eastern District of Pennsylvania, Reading, May 28-June 3.
Justices confirm insurer’s rights to be heard about asbestos bankruptcy plan - SCOTUSblog
SCOTUSblog· 23 hours agoAnother in the line of remarkably trivial disputes the justices have chosen to resolve under the...
Supreme Court Decides Truck Insurance Exchange v. Kaiser Gypsum Co., Inc., et al. | JD Supra
JD Supra· 1 day agoKaiser Gyspum Co., Inc., et al., No. 22-1079, holding that insurers with financial responsibility for bankruptcy claims are “parties in interest” under 11
Red Lobster may close Pittsburgh-area restaurant - Pittsburgh Business Times
The Business Journals· 23 hours agoRed Lobster Management LLC announced on May 19 that it had voluntarily filed for protection from...