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Monthly Archives: September 2015

Structured Dismissals Remain Uncertain Despite Third Circuit Ruling

Structured Dismissals Remain Uncertain Despite Third Circuit Ruling

It can surprise many laypeople how expensive a bankruptcy can be for a debtor, especially in complicated chapter 11 proceedings. As creditors have no desire to see recoverable assets wasted in lengthy courtroom wrangling, Bankruptcy Code section 363(b) has provided an expedited process for selling a debtor’s assets. Unfortunately, even this process can become bogged… Read More…

Filed Under: law

Distressed Shipping Companies: Look to Airplane SLV Case Law

Distressed Shipping Companies: Look to Airplane SLV Case Law

Despite record-low oil prices and a global economy that has been steadily improving, the shipping industry has yet to truly emerge from the recession that began in 2008. A variety of problems have led to the current state of affairs, including sluggish demand that caused revenues to plummet, but one issue has bedeviled the industry… Read More…

Filed Under: law