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News and information on bankruptcy and bankruptcy law
By Brian Lee | May 20, 2024
The settlement resolved a lawsuit James' office filed in state Supreme Court of Manhattan in October, and establishes a victims' fund for Genesis' creditors, with the firm neither admitting or denying the allegations.
3 minute read
By Brian Lee | May 20, 2024
The settlement resolved a lawsuit James' office filed in state Supreme Court of Manhattan in October and establishes a victims' fund for Genesis' creditors, with the firm neither admitting nor denying the allegations.
3 minute read
By Lawrence J. Kotler and Drew S. McGehrin | May 20, 2024
The Bankruptcy Code has excepted certain debts that are incapable of being discharged as a matter of right, including, without limitation, certain "qualifying" loans used to fund a debtor's education. For a debtor to be able to receive a discharge of such loans, the debtor must file a lawsuit and obtain a judgment determining their dischargeability.
8 minute read
By Peter Gampel | May 17, 2024
A forensic accountant, litigation consultant or a business valuation expert is often tasked with the prospect of "interpreting" clauses in an agreement from a financial point of view without expressing a legal opinion. In addition, the expert may be required to then determine the financial consequences of that interpretation.
9 minute read
By Edward E. Neiger, Marianna Udem and Joo Hee Park | May 16, 2024
This issue of the Bankruptcy Update focuses on the recent retail industry bankruptcy cases of 99 Cents Only, Express and JOANN.
5 minute read
By Jeffrey B. Steiner and Megan Vallerie | May 14, 2024
A seemingly tidy and fair solution to a very complicated problem, a deed in escrow gives a borrower additional time to sell or refinance its property while still giving the lender an efficient means to obtain the property if the borrower defaults anew. This is hardly a gift in New York though, where the oft-called "deed in a box" is almost always held to be unenforceable.
6 minute read
By Adolfo Pesquera | May 13, 2024
"These investments have all the appearances of a Ponzi scheme that is continuing to harm Steward-owned hospitals," said U.S. Sens. Elizabeth Warren and Ed Markey.
4 minute read
By Amanda O'Brien | May 10, 2024
James Newell, based in Pittsburgh, succeeded Joe Dougherty as chairman and CEO of the Am Law 200 firm on Thursday.
4 minute read
By Adolfo Pesquera | May 8, 2024
But the law firm is arguing the statute of limitations bars the bankruptcy receiver's effort to disgorge its profits.
5 minute read
By Dan Roe | May 7, 2024
Bankruptcy demand rose 3% in Q1 compared to Q1 2023, according to a recent Thomson Reuters report.
3 minute read
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