Page 4 - Chapter 7 News Today

Total number of open bankruptcy cases down 16.5% year-over-year...

Covering reported business bankruptcy filings in Massachusetts, Maine, New Hampshire, and Rhode Island, and Chapter 11 bankruptcy filings in New York and Delaware listing assets of more than $1 million.

There is a growing trend of bankruptcy courts approving structured dismissals of chapter 11 cases following a successful sale of a debtor’s assets. Private credit lenders should take note because structured dismissals slash significant costs from an already expensive process

There is a growing trend of bankruptcy courts approving structured dismissals of chapter 11 cases following a successful sale of a debtor’s assets. Private credit lenders should take note because structured dismissals slash significant costs from an already expensive process

However, sharp uptick in commercial Chapter 11 new filings...

New filings continue overall downward trend...

The previously extraordinary relief of selling all of the assets of the debtor at the very outset of the case has become the ordinary course for many Chapter 11 proceedings. A tool for controlling the process is the Restructuring Support Agreement or Plan Support Agreement.

Real Estate, Tech, enterprise management, and utility companies that filed bankruptcy with asset listings worth more than $1 million in weekly New England report.

The SEC in August brought a civil case against Robert Jeffrey Mueller, alleging he was...

In an underreported amendment to the Bankruptcy Code, the Small Business Reorganization Act amended §547b of the Code to add an explicit requirement for the bankruptcy trustee or debtor in possession to conduct reasonable due diligence before filing a preference action.