Skip to main content
Enter a keyword
  • Login
  • Home

    Main navigation

    Menu
    • US Law
      • Chapter 15 Cases
    • Regions
      • Africa
      • Asia Pacific
      • Europe
      • North Africa/Middle East
      • North America
      • South America
    • Headlines
    • Education Resources
      • ABI Committee Articles
      • ABI Journal Articles
      • Covid 19
      • Conferences and Webinars
      • Newsletters
      • Publications
    • Events
    • Firm Articles
    • About Us
      • ABI International Board Committee
      • ABI International Member Committee Leadership
    • Join
    3rd Circuit to Rule on the Validity of the “Texas Two-Step” in Chapter 11 Cases
    2022-09-21

    On September 19, 2022, a panel of three appellate judges for the 3rd Circuit heard oral argument in a closely-watched case, In re LTL Management LLC, Case No. 22-2003.

    Filed under:
    USA, Texas, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Michael Best & Friedrich LLP, United States bankruptcy court, Third Circuit
    Authors:
    Justin M. Mertz
    Location:
    USA
    Firm:
    Michael Best & Friedrich LLP
    Federal Court of Appeals Explains Jurisdictional Requirements Over Foreign Lenders in Bankruptcy Cases
    2022-09-19

    Bankruptcy law has its own set of rules. When a company files for Chapter 11 reorganization under the Bankruptcy Code, the filing triggers an automatic stay that prohibits any attempts by creditors to exercise control over any property of the bankruptcy estate; the bankruptcy court then has jurisdiction over all property of the estate, which includes all property “wherever located and by whomever held.” See 11 U.S.C. §541(a); 28 U.S.C. §1334(e)(1).

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Michael Best & Friedrich LLP
    Authors:
    John D. Finerty, Jr.
    Location:
    USA
    Firm:
    Michael Best & Friedrich LLP
    Liquidation Preferences: The Reality Behind the Zone of Indifference
    2022-06-21

    As the venture capital sector slows down, valuations and deal sizes are pulling back from the recent record highs. Seemingly, “investor friendly” deal terms are once again making an appearance in term sheets.

    Filed under:
    USA, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Michael Best & Friedrich LLP, Liquidation
    Authors:
    Paul A. Jones
    Location:
    USA
    Firm:
    Michael Best & Friedrich LLP
    Update: Congress further extends bankruptcy relief to Small Businesses with less than $7.5 million of debt
    2022-06-08

    On June 7, 2022, Congress passed (in a 392-21 vote) the “Bankruptcy Threshold Adjustment and technical Corrections Act,” which raises the debt limit back to $7.5 million for businesses electing treatment under the Small Business Reorganization Act (“SBRA”), codified under Subchapter V of Chapter 11.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Michael Best & Friedrich LLP, US Congress, CARES Act 2020 (USA)
    Authors:
    Justin M. Mertz
    Location:
    USA
    Firm:
    Michael Best & Friedrich LLP
    Student Loan Bankruptcy Reform: A Bipartisan Effort
    2021-08-11

    On August 3, 2021, the Senate Judiciary Committee held a hearing to examine student loan bankruptcy reform. Committee members and witnesses highlighted the unfair treatment of student loan debt under the bankruptcy code and the rigid standard borrowers must meet to discharge student loans.

    U.S. Senators Dick Durbin and John Cornyn introduced TheFresh Start Through Bankruptcy Act to address the growing bipartisan consensus that struggling borrowers need student loan bankruptcy reform.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Michael Best & Friedrich LLP, Bipartisanship, Bankruptcy
    Authors:
    Joseph D. Brydges , Reza Hajisanei
    Location:
    USA
    Firm:
    Michael Best & Friedrich LLP
    When a Corporation Might Not Be a Criminal Target's Friend
    2021-07-23

    As Mitt Romney famously noted, "Corporations are people, my friend." But not when it comes to Fifth Amendment privileges, as a US Bankruptcy Court in New York recently made clear. Clients of the now defunct law firm Kossoff PLLC filed involuntary bankruptcy petitions against the firm and the firm's appointed representative, its founder and former managing member, resisted producing records to the trustee claiming the production of the documents could incriminate the representative in a pending criminal investigation.

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Michael Best & Friedrich LLP, United States bankruptcy court
    Authors:
    James P. Fieweger
    Location:
    USA
    Firm:
    Michael Best & Friedrich LLP
    Updates to Bankruptcy Relief Provisions of the CARES Act
    2021-03-30

    President Biden signed the COVID-19 Bankruptcy Relief Extension Act on Saturday, March 27, 2021 to extend critical bankruptcy relief provisions under the CARES Act that were set to expire on the same day. The bipartisan bill was introduced in late February 2021 and was passed by Congress just one day before the President signed it into law.

    Filed under:
    USA, Insolvency & Restructuring, Michael Best & Friedrich LLP, Bankruptcy, Coronavirus, Small Business Administration (USA), CARES Act 2020 (USA)
    Authors:
    Reza Hajisanei , Justin M. Mertz
    Location:
    USA
    Firm:
    Michael Best & Friedrich LLP
    New Legislation May Extend Bankruptcy Relief Provisions of CARES Act
    2021-03-05

    On February 25, 2021, U.S. Senators Dick Durbin and Chuck Grassley introduced the COVID-19 Bankruptcy Relief Extension Act to extend certain bankruptcy relief provisions enacted as part of the March 2020 CARES Act and December 2020 omnibus appropriations bill.

    Filed under:
    USA, Insolvency & Restructuring, Michael Best & Friedrich LLP, Coronavirus, CARES Act 2020 (USA)
    Authors:
    Reza Hajisanei , Justin M. Mertz
    Location:
    USA
    Firm:
    Michael Best & Friedrich LLP
    Updates to Bankruptcy Provisions Provided by New COVID-19 Relief Package
    2020-12-28

    The week of Christmas, Congressional leaders released the text of the new $900 billion COVID-19 relief package. After a week of push-back, President Trump signed the bill on Sunday evening. In addition to the $600 per adult stimulus payment, additional PPP funding, rental assistance, and school/college aid, the bill also provides additional updates on certain bankruptcy provisions. Those changes, which are spelled out in Division FF of the bill “Title X-Bankruptcy Relief,” include the following:

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Michael Best & Friedrich LLP, Coronavirus, CARES Act 2020 (USA)
    Authors:
    Reza Hajisanei , Justin M. Mertz
    Location:
    USA
    Firm:
    Michael Best & Friedrich LLP
    Reminder: Small Business Reorganization Act to Sunset Next Year on March 27, 2021
    2020-12-18

    As we approach the end of 2020, there is an important bankruptcy law set to expire early next year. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the Small Business Reorganization Act of 2019 (SBRA) provide useful options for small business debtors (i.e. those whose debts are less than $7.5 million) considering Chapter 11 bankruptcy protection. To reap the benefits of these Acts, small business debtors may need to act quickly, as some of the key benefits of the CARES Act are scheduled to sunset on March 27, 2021.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Michael Best & Friedrich LLP, Coronavirus, CARES Act 2020 (USA)
    Authors:
    John D. Finerty, Jr. , Marie G. Bahoora
    Location:
    USA
    Firm:
    Michael Best & Friedrich LLP

    Pagination

    • Current page 1
    • Page 2
    • Page 3
    • Next page ››
    • Last page Last »
    Home

    Quick Links

    • US Law
    • Headlines
    • Firm Articles
    • Board Committee
    • Member Committee
    • Join
    • Contact Us

    Resources

    • ABI Committee Articles
    • ABI Journal Articles
    • Conferences & Webinars
    • Covid-19
    • Newsletters
    • Publications

    Regions

    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America

    © 2025 Global Insolvency, All Rights Reserved

    Joining the American Bankruptcy Institute as an international member will provide you with the following benefits at a discounted price:

    • Full access to the Global Insolvency website, containing the latest worldwide insolvency news, a variety of useful information on US Bankruptcy law including Chapter 15, thousands of articles from leading experts and conference materials.
    • The resources of the diverse community of United States bankruptcy professionals who share common business and educational goals.
    • A central resource for networking, as well as insolvency research and education (articles, newsletters, publications, ABI Journal articles, and access to recorded conference presentation and webinars).

    Join now or Try us out for 30 days