USA | Global Insolvency

Massachusetts Insurers Insolvency Fund not implicated until uninsured motor vehicle coverage is exhausted

27 July 2007

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Delaware Supreme Court rules against creditors’ ability to bring direct breach of fiduciary duty suits against directors of corporations which are insolvent or are in the zone of insolvency

27 July 2007

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All lessor damages under real property leases, including damages related to maintenance and repair obligations, may be capped under Bankruptcy Code Section 502(b)(6)

27 July 2007

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Appeal of Adelphia confirmation order is dismissed on the grounds of equitable mootness

27 July 2007

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Adelphia court finds that neither a creditor’s overly aggressive conduct in a Chapter 11 case nor its receipt of preferential treatment under a proposed plan is a basis to disqualify its vote on the plan

27 July 2007

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Pacific Lumber Bankruptcy cases remain in Texas

27 July 2007

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Eleventh Circuit rules that the stamp tax exemption of 11 USC § 1146 may apply to transfers of assets made prior to confirmation of a plan of reorganization

27 July 2007

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Subordination and waiver of claims between creditors in Chapter 11

26 July 2007

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New bankruptcy law benefits trade creditors

26 July 2007

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Feeling the pinch?

25 July 2007

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