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Business Reorganization

In ‘363’ Sales, Three Courts Say Purdue Doesn’t Bar Injunctions Protecting Buyers

For a sale ‘free and clear,’ nondebtors can be enjoined from suing.

4th Circuit
Virginia
Virginia Eastern District

Without Levy, a Recorded Judgment Lien Is Unperfected in Some States

In New Jersey, a trustee’s hypothetical judicial lien has priority over a judgment lien if the judgment lienholder has not made a levy on the property.

3rd Circuit
New Jersey

Companies Can Be ‘Bankruptcy Remote,’ if Properly Done

Bankruptcy Judge David Cleary wrote a manual on how a company can be ‘bankruptcy remote’ without violating public policy.

7th Circuit
Illinois
Illinois Northern District

Going Rogue: Revisiting Mediation and Preliminary Injunctions in Ch. 11

May 2025

Bankruptcy Code
105
11 U.S.C. § 362
Topic Tags
Alternative Dispute Resolution
Automatic Stay
Claims
Bankruptcy Litigation
Practice and Procedure
Business Reorganization

To amend title 11, United States Code, to improve protections for employees and retirees in business bankruptcies.

Thursday, December 5, 2024
Article Tags
Legislation
Business Reorganization
Full bill text.

To amend title 11, United States Code, to prohibit nonconsensual release of a nondebtor entity’s liability to an entity other than the debtor, and for other purposes.

Tuesday, July 30, 2024
Article Tags
Claims
Bankruptcy Litigation
Legislation
Business Reorganization
Mass Torts
Full bill text.

To amend title 11, United States Code, to prohibit nonconsensual release of a nondebtor entity’s liability to an entity other than the debtor, and for other purposes.

Tuesday, December 3, 2024
Article Tags
Claims
Bankruptcy Litigation
Legislation
Business Reorganization
Mass Torts
Full bill text.

Fourth Circuit Upholds a $31 Million Default Judgment for Discovery Abuses

Long Island’s Judge Grossman warns lawyers that they may be paid nothing if they file chapter 11 cases just to delay a secured creditor, with no legitimate strategy for selling the property, refinancing or confirming a plan.

4th Circuit

Denial of $21 Million in Fees for Boy Scouts Ad Hoc Committee Upheld on Appeal

Delaware district court rules that debtors and trustees alone have standing to propose spending estate money outside of the ‘ordinary course.’

3rd Circuit
Delaware

Don’t Tread on Me! Minority Lenders Score a Victory in American Tire

March 2025

Topic Tags
Bankruptcy Litigation
Business Reorganization
Finance and Banking
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