Article Exchange

Court Orders Turnover of Attorney Files in Billion Dollar Case

Fifth Circuit Rejects Per Se Rule That Recharacterization Applies Only To Insiders

In a recent ruling, the Fifth Circuit Court of Appeals rejected a per se rule that only corporate insiders can have their debt claims recharacterized as equity. Instead, in In re Lothian Oil Inc., 2011 WL 3473354 (5th Cir. Aug.

Harry & David cleared to emerge from bankruptcy

"Harry & David Holdings Inc won tentative court approval for its reorganization plan on Thursday, clearing the way for the gift basket maker to emerge from bankruptcy under the control of senior noteholders. U.S.

Evergreen Solar files for bankruptcy, plans asset sale

"Evergreen Solar Inc. has filed for bankruptcy, the cash-strapped Marlboro company disclosed in a regulatory filing today.

Creditors Beware: In Argentine Bankruptcies, Employees Now Call the Shots

Argentine debtors are now subject to employee take-over under the nation’s recently amended bankruptcy code, signed into law by the nation’s President, Cristina Fernandez de Kirchner. Argentine Bankruptcy Law 24,522 as amended by Law No.

How the Debt Deal Might Affect Student Loans

Media attention to the fallout from the Congress’s last-minute decision to raise the debt ceiling has mostly gone to the downgrade in America's debt rating by credit rating agency Standard & Poor’s.