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    FYI: MD Fla Bankr Holds TPCA Revocation of Consent Must Be "Express and Clear"
    2015-12-24

    The U.S. Bankruptcy Court for the Middle District of Florida recently held that:

    Filed under:
    USA, Florida, Banking, Company & Commercial, Insolvency & Restructuring, Litigation, Telecoms, Maurice Wutscher LLP, Telephone Consumer Protection Act 1991 (USA), United States bankruptcy court
    Location:
    USA
    Firm:
    Maurice Wutscher LLP
    The Impact of Rejection on Trademark Licensees’ Rights in Bankruptcy: the Latest Decision on an Issue that Has Courts Divided
    2015-12-28

    A decision by the Bankruptcy Court for the District of New Hampshire is the latest of a handful of cases in the past few years to weigh in on a circuit split as to whether a licensor of trademark rights can fully terminate a licensing agreement as a debtor in bankruptcy.

    Filed under:
    USA, New Hampshire, Insolvency & Restructuring, Litigation, Trademarks, Dorsey & Whitney LLP, United States bankruptcy court
    Authors:
    Steven J. Heim , Alessandra Glorioso
    Location:
    USA
    Firm:
    Dorsey & Whitney LLP
    Bankruptcy Court Holds TCPA Revocation of Consent Must Be ‘Express and Clear’
    2015-12-28

    The U.S. Bankruptcy Court for the Middle District of Florida recently held that:

    Filed under:
    USA, Florida, Insolvency & Restructuring, Litigation, Telecoms, Maurice Wutscher LLP, Debtor, Telephone Consumer Protection Act 1991 (USA), United States bankruptcy court
    Location:
    USA
    Firm:
    Maurice Wutscher LLP
    Delaware Bankruptcy Court Denies Request to Appoint an Interim Trustee During the “Gap Period” in an Involuntary Case
    2015-12-11

    “Desperate times call for desperate measures” is often a rallying cry to justify harsh actions taken during times of panic and uncertainty which, in retrospect, are regrettable.  To protect against such adverse consequences in bankruptcy, there are and should be safeguards in place to prevent creditors from imposing unreasonable restrictions on a debtor at the immediate onset of an involuntary case.  In 

    Filed under:
    USA, Delaware, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, United States bankruptcy court
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Tenth Circuit Hits Debtor’s Counsel With a Double Whammy—Denying Fees Incurred Prior to Formal Appointment and After Confirmation of Plan
    2015-12-15

    In its decision in Lazzo v. Bank (In re Schupach Investments, L.L.C.), 2015 WL 6685416 (10th Cir. 2015), the Tenth Circuit sent a clear message to attorneys representing debtors-in-possession: make sure you have authority to represent the debtor if you want to be compensated from the estate.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Litigation, Holland & Hart LLP, Debtor, Title 11 of the US Code, United States bankruptcy court, Tenth Circuit
    Location:
    USA
    Firm:
    Holland & Hart LLP
    BREAKING: Florida District Court Affirms Bankruptcy Court Order Compelling Surrender
    2015-12-09

    On November 23, 2015, Southern District of Florida District Court Judge Kenneth A. Marra issued an opinion affirming an order granting a creditor's motion to compel surrender of real property pursuant to a statement of intention entered by Southern District of Florida Bankruptcy Judge Paul G. Hyman in the bankruptcy proceedings of David and Donna Failla.  Failla v. Citibank, N.A. (In re Failla), Civ. No.: 15-80328-CIV-KAM, (S.D. Fla. Nov. 23, 2015), aff'd, 529 B.R. 786 (Bankr. S.D. Fla. 2014).

    Filed under:
    USA, Florida, Banking, Insolvency & Restructuring, Litigation, Real Estate, Sirote & Permutt PC, Debtor, Foreclosure, United States bankruptcy court, Eleventh Circuit
    Authors:
    Jason Weber
    Location:
    USA
    Firm:
    Sirote & Permutt PC
    Update on Insider Litigation
    2015-12-10

    The U.S. Bankruptcy Court for the Northern District of Illinois ordered the “equitable subordination” of insider secured claims against a Chapter 11 debtor on Nov.

    Filed under:
    USA, Illinois, Insolvency & Restructuring, Litigation, Schulte Roth & Zabel LLP, Debtor, United States bankruptcy court
    Location:
    USA
    Firm:
    Schulte Roth & Zabel LLP
    Post-Confirmation Powers: EDNY Bankruptcy Court Orders Government Entities to Act in In re Suffolk Regional Off-Track Betting Corporation
    2015-12-09

    Can bankruptcy courts order government entities to take certain actions?  If so, can they exercise such authority after a chapter 9 debtor’s plan of adjustment has been confirmed?  The United States Bankruptcy Court for the Eastern District of New York, in 

    Filed under:
    USA, New York, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, United States bankruptcy court
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Foreign debtors’ access to U.S. bankruptcy courts: expansion of “property in the United States” definition in chapter 15 cases
    2015-12-01

    When is a foreign entity eligible to file a chapter 15 petition?  This question has been the subject of debate over the last few years, and Judge Martin Glenn’s recent opinion in In re Berau Capital Resources Pte Ltd. will add to this debate.  Although the debtor in the case was foreign and did not have a place of business in the United States, Judge Glenn concluded that the debtor had satisfied the eligibility provisions under section 109(a) of the Bankruptcy Code because the New York choice of law and forum selection clause in the underlying bond indenture rendered the

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Orrick, Herrington & Sutcliffe LLP, Debtor, Forum selection clause, Choice of law, Title 11 of the US Code, United States bankruptcy court
    Authors:
    Douglas S. Mintz , Peter Amend , Monica Perrigino
    Location:
    USA
    Firm:
    Orrick, Herrington & Sutcliffe LLP
    Tenth Circuit BAP limits insider claims
    2015-12-01

    Insider creditors “waived [the] right to charge default interest on” their claims and “failed to prove” their claim for non-default interest, held the U.S. Bankruptcy Appellate Panel for the Tenth Circuit (“BAP”) on Nov. 6, 2015. In re Autterson, 2015 WL 6789168, at *4 (10th Cir. BAP, Nov. 6, 2015).

    Filed under:
    USA, Banking, Insolvency & Restructuring, Litigation, Schulte Roth & Zabel LLP, Debtor, Interest, Default (finance), United States bankruptcy court, Bankruptcy Appellate Panel, Tenth Circuit
    Authors:
    Michael L. Cook
    Location:
    USA
    Firm:
    Schulte Roth & Zabel LLP

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