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Practice and Procedure

New York Judge Refuses to Waive Collateralization for Debtors’ Bank Accounts

In a large ‘prepack,’ the debtor was required to spend $80,000 a month for its depository bank to obtain a bond required by Section 345(b).

2nd Circuit
New York
New York Southern District

The Debtor or Trustee Control the Privileges of an Independent Audit Committee

As his parting shot, Judge Carey requires turnover of almost everything in the files of professionals for an independent audit committee.

3rd Circuit
Delaware

Third Circuit Expands the Flexible Notion of ‘Finality’ on Bankruptcy Appeals

The Third Circuit’s new opinion on ‘finality’ will be cast in doubt depending on how the Supreme Court rules in Ritzen.

3rd Circuit
Monday, July 1, 2019
Article Tags
Corporate Governance
Court Administration
Creditors' Committee
Practice and Procedure
Venue/Jurisdiction
Business Reorganization
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Second Circuit Opinion Raises Questions Left Open by Taggart v. Lorenzen

If a lower court buys an argument that’s clearly wrong, is the argument nonetheless ‘objectively reasonable?’ And does Taggart apply to an automatic stay violation?

2nd Circuit

Inside ABI July 2019

July 2019

Topic Tags
Legislation
Practice and Procedure
Consumer Bankruptcy
Consumer Debt
Business Reorganization
International Insolvency

For Petitions the Clients Had Not Seen or Signed, Lawyer Recommended for Disbarment

Judge Olson refers a lawyer for civil and criminal investigations after uncovering dozens of unauthorized filings.

First Circuit Nixes Another Attempt at Unraveling Puerto Rico’s Debt Arrangement

The logical court to challenge the constitutionality of PROMESA isn’t the PROMESA court itself.

1st Circuit
Tuesday, June 25, 2019
Article Tags
Corporate Governance
Court Administration
Creditors' Committee
Plan Confirmation
Practice and Procedure
Business Reorganization
Please note that in order to view the content for the Bankruptcy Headlines please log in if you are already an ABI member, or otherwise you may Become an ABI Member
Article Tags
Court Administration
Practice and Procedure

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