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Category Archives: california

Bankruptcy Bill Increases Rights of Suppliers of Goods

In 2005, many commentators focused on the ways in which the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) impacted individuals filing for chapter 7 bankruptcy. However, as with many modern pieces of legislation, important aspects of the law were frequently overlooked. One of the most important provisions, which amended the Bankruptcy Code’s Section 503(b),… Read More…

California Bill Proposes Limits to Municipal Bankruptcy

In 2010, the California state legislature revisited a bill that would restrict its ability to provide relief in the event of a municipal bankruptcy. Under the proposed law, California municipalities seeking to file for bankruptcy would first have to obtain approval from a state commission. Chapter 9 of the federal bankruptcy law deals specifically with… Read More…

Court’s Bankruptcy Ruling on Trademark Licensees Raises New Questions

While a 2012 Seventh Circuit ruling seems to have settled the issue of trademark license protection in bankruptcy, it may have in fact raised more questions than it answered about executory contracts and rejection, which we can expect to see evolving and impacting future decisions. The unanimous “Sunbeam” opinion of July 2012 held that even… Read More…