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    Caveat debtor: liens preserved pursuant to section 551 subject to defects under state law
    2014-09-04

    Last month, the United States District Court for the Eastern District of North Carolina 

    Filed under:
    USA, North Carolina, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP
    Authors:
    Gabriel A. Morgan
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    A spoonful of sugar helps the [UCC] remedy go down: recognition of stoppage rights in the early years of the Bankruptcy Code
    2014-07-31

    For a Throwback Thursday, we often go way back, to cases establishing first principles. This time, however, we travel not so far back, but still to a bygone era, the early 80’s. It was a time when the Bankruptcy Code was still new, and judges could interpret it without the weight of much practice and precedent. Often, these cases present the starting point for familiar interpretations that continued to develop in later years, but other times it’s surprising to see a new interpretive opening that, years later, is not thoroughly explored.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Debtor, Uniform Commercial Code (USA)
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    U.S. v. Ron Pair Enters.
    2014-07-03

    The Supreme Court Gets Its Grammar on: Interpreting the Right to Postpetition Interest Under Section 506(b)

    In this Throwback Thursday, piece we revisit the decision of the United States Supreme Court in U.S. v. Ron Pair Enters. In a 5-4 decision, the Supreme Court held that section 506(b) of the Bankruptcy Code permits a creditor to receive postpetition interest on an oversecured claim even if the creditor does not have the benefit of an agreement providing for interest on the claim.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, SCOTUS
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Fourth Circuit holds that chapter 7 trustees are entitled to commission-based payments in the absence of extraordinary circumstances
    2014-06-06

    Professional compensation is often a contentious issue in bankruptcy, as we have previously discussed.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Title 11 of the US Code, United States bankruptcy court, Fourth Circuit, Trustee
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Avoiding Foreign Transfers Based on Foreign Law Claims: Norske Case Favors Flexible Approach to Safe Harbor Analysis in Chapter 15
    2022-05-03

    In a 2021 chapter 15 decision, In re Bankruptcy Estate of Norske Skogindustrier ASA,1 the United States Bankruptcy Court for the Southern District of New York held that foreign law avoidance claims that are sufficiently analogous to claims under section 548(a)(1)(A)2 of the Bankruptcy Code—but not identical—may fall within the intentional fraud exception to the safe harbor provisions of section 546(e)3 of the Bankruptcy Code (the “Safe Harbor”).

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, United States bankruptcy court
    Authors:
    Andriana Georgallas
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Breaking news: professionals are not entitled to fees for defending fee apps
    2015-06-15

    This morning, in a 6-3 decision, the Supreme Court held in Baker Botts LLP v.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    We work hard for the money: Supreme Court rules that a debtor who converts from chapter 13 to chapter 7 is entitled to any postpetition wages held by the chapter 13 trustee at the time of conversion
    2015-05-19

    “I get knocked down / But I get up again / You’re never gonna keep me down.”

     – Chumbawumba

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Debtor, SCOTUS
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Changes to “flexible finality”? Civic partners and the Supreme Court oral argument in bullard
    2015-04-14

    On March 3, 2015, the Eighth Circuit issued an 

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Eighth Circuit
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Three’s a crowd: payoffs, numerosity, and involuntary petitions
    2015-03-10

    Debtors seeking dismissal of an involuntary bankruptcy proceeding may want to consider a recent decision of the Bankruptcy Court for the District of Columbia.  In denying an individual debtor’s motion to dismiss an involuntary petition, the court in In re Barkats held that a debtor may not pay off petitioning creditors to the detriment of other creditors as a way of avoiding an involuntary p

    Filed under:
    USA, District of Columbia, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Bankruptcy, United States bankruptcy court
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Delaware Bankruptcy Court provides further guidance on the contours of the common interest doctrine
    2015-02-04

    We admit, discovery disputes rarely make for titillating blog posts. But a letter ruling issued towards the end of last year by Judge Shannon in Longview Power, LLC et al. v. First American Title Insurance Co. recently caught our eye.

    Filed under:
    USA, Delaware, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Interest, Work-product doctrine, United States bankruptcy court
    Authors:
    Jessica Liou
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP

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