On 13 December 2024, EU member states agreed on a ‘partial’ general approach to the harmonisation of insolvency law.
European Union, Insolvency & Restructuring, Freshfields, Insolvency, European Commission, European Parliament
Can a debtor reinstate a defaulted loan under a Chapter 11 plan without paying default rate interest? This question was analyzed thoroughly in a recent Southern District of New York Bankruptcy Court decision by Judge Philip Bentley.