The Bankruptcy Protector
Friend or Foe?
The Bankruptcy Protector
U.S. Court of Appeals for the Third Circuit, September 15, 2021
The Bankruptcy Protector
Johnson & Johnson currently has approximately 25,000 lawsuits pending against it related to its talc products, including talcum powder and baby powder
The Bankruptcy Protector
The Bankruptcy Protector
The Bankruptcy Protector
Almost two years ago, the Small Business Reorganization Act of 2019 (SBRA) was enacted. While the provisions regarding the new Subchapter V reorganization received the most press (streamlined chapter 11 for businesses with debts of no more than $7,500,000), the SBRA also included other important changes to the Bankruptcy Code. Among these additional changes was an increase in the venue threshold under 28 U.S.C. § 1409(b) to $25,000.00 as follows:
Supreme Court of the State of New York, County of Monroe, July 15, 2021
The Bankruptcy Protector
In 2017, Congress enacted an amendment imposing a sharp increase in quarterly fees owed to the United States Trustee program by many chapter 11 debtors. Expectedly, the constitutionality of that decision has been challenged on several grounds, and there is considerable disagreement among the circuits.