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ABI Journal

Asset Sales

Monday, December 11, 2023
Article Tags
Asset Sales
Corporate Governance
Court Administration
Creditors' Committee
Business Reorganization
Finance and Banking
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Friday, December 8, 2023
Article Tags
Asset Sales
Corporate Governance
Court Administration
Creditors' Committee
Business Reorganization
Covid19
Labor/Employment
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Friday, December 8, 2023
Article Tags
Asset Sales
Corporate Governance
Court Administration
Creditors' Committee
Business Reorganization
Retail
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2022 Asset Sale of the Year Award: Laforta: “Have I Got a Deal For You,” or How to Successfully Take Control of a Semi-Submersible Drilling Rig in Mexico and Sell it

In business restructuring and chapter 11 cases, it’s not all that unusual at the outset for  professionals to exclaim at some juncture, “You want me to do what…?” That was the question prior to the initiation of the Laforta-Gestao e Investimentos, Sociedade Unipessol, Lda., et al. (“debtors” or “Laforta”) engagement for the eventual control and sale of the La Muralla IV, a 10-year-old, sixth-generation, ultra-deepwater semi-submersible drilling rig (“La Muralla”).

2022 Asset Sale of the Year Award: Haven Campus Communities-Starkville, LLC

ABI’s Asset Sales Committee awarded the 2022 Asset Sale of the Year Award to counsel for the stakeholders involved in the successful 11 U.S.C. § 363 sale of the assets and interests of chapter 11 debtor Haven Campus Communities-Starkville, LLC in In re Haven Campus Communities-Starkville, LLC, which came before Hon. Selene Maddox of the U.S. Bankruptcy Court for the Northern District of Mississippi (Case No. 21-10931-SDM). The committee announced the winners during ABI’s Annual Spring Meeting in Washington, D.C., in April.

Wednesday, December 6, 2023
Article Tags
Asset Sales
Corporate Governance
Court Administration
Creditors' Committee
Business Reorganization
Covid19
Labor/Employment
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Scheduling a Home with a Low Value Didn’t Protect a ‘13’ Debtor When It Was Sold

In the Fourth Circuit, creditors are compensated when there is a ‘substantial improvement’ in a chapter 13 debtor’s financial condition.

4th Circuit
North Carolina
North Carolina Middle District
Tuesday, December 5, 2023
Article Tags
Asset Sales
Corporate Governance
Court Administration
Creditors' Committee
Business Reorganization
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2022 Asset Sale of the Year Award: Electric Last Mile Solutions

On April 21, 2023, ABI’s Asset Sales Committee announced that the 2022 Asset Sale of the Year was awarded to the case of In re Electric Last Mile Solutions Inc., et al. (Bankr. D. Del. Case 22-10537-MFW), for the sale of substantially all its assets to Mullen Automotive, Inc. (NASDAQ: MULN).

Thursday, November 30, 2023
Article Tags
Asset Sales
Claims
Bankruptcy Litigation
Corporate Governance
Court Administration
Creditors' Committee
Business Reorganization
Finance and Banking
Mass Torts
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