Puerto Rico Bondholders Lose Another Appeal in the First Circuit The First Circuit shows no inclination to allow creditors to bust out of the PROMESA restructuring of Puerto Rico’s debt. Read more about Puerto Rico Bondholders Lose Another Appeal in the First Circuit
Ninth Circuit Creates a Legal Fiction to Uphold Recovery of an Unauthorized Transfer Ninth Circuit assumed that transferred property must remain property of the estate after conversion from ‘13’ to ‘7’ before the chapter 7 trustee can avoid an unauthorized transfer under Section 549. Read more about Ninth Circuit Creates a Legal Fiction to Uphold Recovery of an Unauthorized Transfer