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
    The City of Detroit files for Chapter 9 bankruptcy protection
    2013-07-22

    On July 18, the City of Detroit filed for protection under chapter 9 of the Bankruptcy Code, making Detroit the largest municipality to file for chapter 9 relief in United States history. Detroit is seeking to restructure approximately $18 billion in accrued obligations, consisting of approximately $11.9 billion in unsecured obligations and $6.4 billion in secured obligations. Prior to the bankruptcy filing, the City offered to pay unsecured creditors a pro rata distribution of $2 billion in principal amount of interest-only, limited recourse participation notes.

    Filed under:
    USA, Michigan, Insolvency & Restructuring, Orrick, Herrington & Sutcliffe LLP, Bankruptcy, Unsecured debt, Pro rata
    Location:
    USA
    Firm:
    Orrick, Herrington & Sutcliffe LLP
    California enacts Fair Debt Buying Bill
    2013-07-22

    On July 11, California Governor Jerry Brown signed into law SB 233, the Fair Debt Buyers Practices Act, which establishes numerous new rules related to the purchase and collection of consumer debts, including five key protections for debtors.

    Filed under:
    USA, Insolvency & Restructuring, Orrick, Herrington & Sutcliffe LLP, Debtor, Debt, Consumer debt, Default (finance)
    Location:
    USA
    Firm:
    Orrick, Herrington & Sutcliffe LLP
    Collection victory for an Ohio equipment lessor
    2013-07-22

    On July 8, 2013, Ohio’s 5th District Court of Appeals issued an opinion that will be of interest to commercial equipment lessors in Ohio.  This case concerns the commercial lease of a beverage caddy and the status of the “middle man” lessee when the vendor undergoes bankruptcy.

    Filed under:
    USA, Ohio, Asset Finance, Insolvency & Restructuring, Litigation, Porter Wright Morris & Arthur LLP
    Location:
    USA
    Firm:
    Porter Wright Morris & Arthur LLP
    Assigned rents cannot be used to administer debtor’s bankruptcy
    2013-07-23

    Georgia court rejects “replacement lien” as adequate protection.

    A federal district court in Georgia recently ruled that a financial institution creditor in a Chapter 11 case had separate, distinct security interests in both the rental property on which it had accepted a mortgage and that property’s rental income by virtue of an assignment of rents from the debtor.

    Filed under:
    USA, Georgia, Banking, Insolvency & Restructuring, Litigation, Real Estate, Adams and Reese LLP, Bankruptcy, Debtor, Interest
    Authors:
    Richard P. Carmody
    Location:
    USA
    Firm:
    Adams and Reese LLP
    Municipal bankruptcies: an overview and recent history of Chapter 9 of the Bankruptcy Code
    2013-07-23

    The City of Detroit filed for protection under chapter 9 of the Bankruptcy Code on July 18, 2013,1 becoming the largest municipality to ever file for bankruptcy. Detroit’s bankruptcy filing presents numerous complicated issues, which will be resolved over the course of the case.

    Filed under:
    USA, Insolvency & Restructuring, Public, Katten Muchin Rosenman LLP, Bankruptcy, Debtor, Title 11 of the US Code
    Location:
    USA
    Firm:
    Katten Muchin Rosenman LLP
    Service provider challenges CFPB authority
    2013-07-24

    On July 22, a Connecticut bankruptcy attorney and a firm with whom the attorney contracts for legal support services filed a lawsuit charging the CFPB with “grossly overreaching its authority” in requesting “sensitive and privileged information” about thousands of consumers and challenging the constitutionality of the Bureau itself.

    Filed under:
    USA, Insolvency & Restructuring, Orrick, Herrington & Sutcliffe LLP, Bankruptcy, Constitutionality, Consumer Financial Protection Bureau (USA)
    Location:
    USA
    Firm:
    Orrick, Herrington & Sutcliffe LLP
    Severe consequences for franchisor executives: personal liability and non-dischargeable debt
    2013-07-24

    “Do not pass Go, do not collect $200” is a phrase we all remember from the childhood game Monopoly.  Like Monopoly, state franchise sales laws have rules and regulations that must be followed.  A franchisor’s failure to follow these basic procedural rules for selling franchises can result in self-destruction. 

    Filed under:
    USA, Franchising, Insolvency & Restructuring, Litigation, Whiteford Taylor & Preston LLP, Fiduciary, Prospectus (finance), Embezzlement, United States bankruptcy court
    Authors:
    David L. Cahn
    Location:
    USA
    Firm:
    Whiteford Taylor & Preston LLP
    Bankruptcy court applies Third Circuit test for addressing “debt” versus “equity” question.
    2013-07-25

    The Issue

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Seyfarth Shaw LLP, Bankruptcy, Debtor, Interest, Limited liability company, Debt, United States bankruptcy court, Third Circuit
    Authors:
    James B. Sowka
    Location:
    USA
    Firm:
    Seyfarth Shaw LLP
    What’s in a name? In the secured lending world, just about everything
    2013-07-25

    Summertime is arguably the best time of the year. Warm weather. Long-awaited family vacations. Extended daylight. And unique to this summer, as of July 1, 2013, in most states, we have substantial amendments (the 2010 Amendments) to the Uniform Commercial Code (UCC) to digest (maybe even under an umbrella on the beach). The 2010 Amendments are intended to clarify existing law, especially with respect to how certain types of debtors are named in financing statements. As of July 3, 2013, 44 states and the District of Columbia had enacted the 2010 Amendments.

    Filed under:
    USA, Corporate Finance/M&A, Insolvency & Restructuring, McDermott Will & Emery, Debtor, Limited partnership, Uniform Commercial Code (USA)
    Authors:
    Jean B. LeBlanc , Jessica L. Dombroff
    Location:
    USA
    Firm:
    McDermott Will & Emery
    To rank or not to rank: the UK Supreme Court decision in Lehman/Nortel
    2013-07-25

    In a much-awaited judgment, the UK Supreme Court has decided that the liability of a company in administration or liquidation to contribute to an under-funded pension fund following a Financial Support Direction or a Contribution Notice is a provable debt ranking equally with other unsecured creditors. Crucially, it is not an expense of the administration or liquidation which would cause it to rank ahead of all creditors (except fixed charge holders) and even the administrator's or liquidator's own remuneration.

    Filed under:
    USA, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Jones Day, Debtor, Unsecured debt, Debt, Liability (financial accounting), Liquidation, Defined benefit pension plan, The Pensions Regulator (UK)
    Authors:
    Michael Rutstein , John J. Papadakis
    Location:
    USA
    Firm:
    Jones Day

    Pagination

    • First page « First
    • Previous page ‹‹
    • …
    • Page 862
    • Page 863
    • Page 864
    • Page 865
    • Current page 866
    • Page 867
    • Page 868
    • Page 869
    • Page 870
    • …
    • 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