%1
Session Description
What Happened to the DIP Loan Market, or Leveling the DIP Loan Playing Field: Can Existing Secured Creditors' Negotiating Leverage Be Effectively Reduced? This one would benefit from the participation of a judge or two who could discuss how they would approach a DIP priming fight.
Suggested Categories
Target Audience
Business
First Name
Ret. Judge Drain
Last Name
by Harner
Email
Judge_Harner@mdb.uscourts.gov
Firm
US Bankruptcy Court
Session Description
Perhaps the focus on the interaction of professors and law students -- who already are using generative AI, unlike those in law firm, which currently mostly are banning its use -- will get people thinking more specifically about its imminent impact on the profession. In a fairly recent conversation with Jared Ellias, he noted that he and his colleagues have been observing that some students at Harvard are using it as a very helpful tool while for others it is a crutch that actually keeps them from learning to think like lawyers. Is it just a matter of more heavily emphasizing how to ask the program the right questions? But how do you ask the right questions if you don't yet know the underlying subject matter? I also know that LEXIS and/or WestLaw have given effective presentations fairly recently to ABA leadership on generative AI.
Suggested Categories
Target Audience
Other
First Name
Ret. Judge Drain
Last Name
by Harner
Email
Judge_Harner@mdb.uscourts.gov
Firm
US Bankruptcy Court
Session Description
Explore the potential use of foreign restructuring schemes that offer more favorable tools (e.g., third party releases) to reorganize US sub of foreign holding company and then use the chapter 15 process in the states (e.g., In re Vitro, In re Modern Land, etc.). Could coordinate with International Board Committee and include international speakers.
Suggested Categories
Target Audience
Business
Prof. Bruce
Markell
Judge Beckerman or Judge Glenn
First Name
Michelle
Last Name
Harner
Email
Judge_Harner@mdb.uscourts.gov
Firm
US Bankruptcy Court
Session Description
This proposal is based on a course being taught currently at Georgetown Law. The syllabus is attached.
"Are bankruptcy laws racist? Does systemic racism or colonialism lead local governments in the United States to go bankrupt? Or do local governments seek bankruptcy due to fiscal distress caused by macro-economic forces and governance failures in managing those forces? Using locations such as Puerto Rico and Detroit as focal point case studies, this seminar will examine these questions using a variety of primary and secondary sources including budgetary documents, enabling statutes, excerpted law review articles, and select judicial decisions in order to answer the key questions presented in this course."
"Are bankruptcy laws racist? Does systemic racism or colonialism lead local governments in the United States to go bankrupt? Or do local governments seek bankruptcy due to fiscal distress caused by macro-economic forces and governance failures in managing those forces? Using locations such as Puerto Rico and Detroit as focal point case studies, this seminar will examine these questions using a variety of primary and secondary sources including budgetary documents, enabling statutes, excerpted law review articles, and select judicial decisions in order to answer the key questions presented in this course."
Suggested Categories
Target Audience
Other
Alvin
Valezquez
velalv@juno.com
Judge Gonzalez, David Skeel, or Barbara Houser
Hather Lennox, Melissa Jacoby
First Name
Michelle
Last Name
Harner
Email
Judge_Harner@mdb.uscourts.gov
Firm
US Bankruptcy Court
Session Description
When we were discussing potential topics for WLC, we gently chewed on PFAS contamination, including the Kidde Fenwall filing in Delaware and a separate problem for 3M, one of the primary manufacturers. We may want to revisit this potential topic when we begin planning for ASM (see link below).
Perhaps the blueprint for these cases is somewhat similar to TCE contamination (that has recently returned to the headlines as the EPA seeks comment on a ban of the solvent). The challenge would be not to reproduce past environmental programs. And, we may ultimately conclude that the topic is not quite ripe for this Spring.
https://www.bloomberglaw.com/bloomberglawnews/bankruptcy-law/XAM20A6K000000?bna_news_filter=bankruptcy-law#jcite
Perhaps the blueprint for these cases is somewhat similar to TCE contamination (that has recently returned to the headlines as the EPA seeks comment on a ban of the solvent). The challenge would be not to reproduce past environmental programs. And, we may ultimately conclude that the topic is not quite ripe for this Spring.
https://www.bloomberglaw.com/bloomberglawnews/bankruptcy-law/XAM20A6K000000?bna_news_filter=bankruptcy-law#jcite
Suggested Categories
Target Audience
Business
John
Thomson
First Name
Judge Gregg
Last Name
by Harner
Email
Judge_Harner@mdb.uscourts.gov
Firm
US Bankruptcy Court
Session Description
Analysis of the proper role, powers and duties of a Subchapter V trustee. These cases are increasingly prevalent and the personalities and styles of the SubChapter V trustees are all over the Board. Some insist on a carved-out escrow at the beginning of the case and do nothing but suck up fees. Some come in with all guns blazing, act as an adjunct counsel for the debtor and take actions, and file motions, to protect an otherwise hapless debtor’s counsel. Very few actually fill the role that Congress and the Federal Judicial Conference intended, which I believe to be acting as an intermediary to resolve issues and disputes that stand in the way of confirmation.
Suggested Categories
Target Audience
Business
John
Thomson
First Name
Richard Carmody
Last Name
by Harner
Email
Judge_Harner@mdb.uscourts.gov
Firm
US Bankruptcy Court
Session Description
Would welcome a panel that explores actual and positive uses of generative AI in the operation of the clerk's office, law firms, and chambers.
Suggested Categories
Target Audience
Other
First Name
Judge Cary
Last Name
by Harner
Email
Judge_Harner@mdb.uscourts.gov
Firm
US Bankruptcy Court
Session Description
What are the driving issues that make potential debtors and lenders chose a venue. I know that it might be the attraction of a “rocket-docket” but there are other issues that historically have been part of the decision: 1) union contract issues, 2) stub-rent issues, 3rd party nonconsensual releases.
Suggested Categories
Target Audience
Business
First Name
Judge Thorne
Last Name
by Harner
Email
Judge_Harner@mdb.uscourts.gov
Firm
US Bankruptcy Court
Session Description
Creditor apathy and policies of government agencies to not vote on chapter 11 or subchapter V plans can pose a real issue for a chapter V debtor trying to achieve a consensual plan. Practical and policy issues should be explored.
Suggested Categories
Target Audience
Other
First Name
Judge Oldshue
Last Name
by Harner
Email
Judge_Harner@mdb.uscourts.gov
Firm
US Bankruptcy Court
Session Description
There is a clear split of authority on this issue, with the First, Second, and Third Circuits in the majority, and the Fifth Circuit (and me) in the minority. See In re Bal Harbour Quarzo, LLC, 638 B.R. 660 (Bankr. S.D. Fla. 2022).
Suggested Categories
Learning Outcomes
Attendees will hear arguments on both sides of this issue, including policy and practical concerns raised by each position.
Target Audience
Business
Scott
Grossman
smgrossman@flsb.uscourts.gov
Either a bankruptcy judge from SDNY, DE, or NJ, or an attorney who regularly represents committees
First Name
Scott
Last Name
Grossman
Email
smgrossman@flsb.uscourts.gov
Firm
U.S. Bankruptcy Court, Southern District of Florida