On May 31, 2024, the chief judge of the U.S. Bankruptcy Court for the Southern District of New York (SDNY) entered General Order M-634, adopting guidelines for combining the processes for Chapter 11 ...
In this legal alert, we highlight an often overlooked strategy for maximizing sale proceeds of a distressed business: a Chapter 11 bankruptcy sale pursuant to section 363 of the Bankruptcy Code.
The court ruled that giving some lenders exclusive benefits without market testing violates bankruptcy rules on equal treatment. This impacts how lenders and investors should approach distressed ...
WASHINGTON – Tens of thousands of people who want to wipe out their debts in bankruptcy court would have to work out repayment plans instead under legislation Congress approved yesterday. A 302-126 ...
May 24, 2022 - A debtor electing to proceed under Subchapter V of the Bankruptcy Code as a Small Business Debtor must meet certain eligibility requirements. A decision on April 12, 2022, by Judge ...
The Biden administration said Thursday it will make it easier for student borrowers in financial distress to discharge their loans in bankruptcy. Currently, it's hard for people who declare bankruptcy ...
More federal student loan borrowers have been able to get their debt discharged in bankruptcy over the last few years, thanks to new guidance that the Biden administration has issued. That more ...
Nov. 17 (UPI) --Student loan borrowers will have an easier path to discharging their debt through bankruptcy with new policy changes by the Biden Administration. The Justice Department announced new ...
The Justice and Education Departments said the process would be more fair and consistent for people in bankruptcy seeking relief on their federal student loans. By Tara Siegel Bernard As President ...
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