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Unique Issues Faced by Non-Profits in Bankruptcy | Nelson Mullins Riley & Scarborough LLP - Vimarsana News

Unique Issues Faced by Non-Profits in Bankruptcy | Nelson Mullins Riley & Scarborough LLP

Non-profits are just like for-profit companies in that they can be faced with significant financial challenges for which bankruptcy provides an opportunity for restructuring or...

Second Circuit: Not a Party to an Assumed Unexpired Lease? No Cure Claim for You! | White and Williams LLP - Vimarsana News

Second Circuit: Not a Party to an Assumed Unexpired Lease? No Cure Claim for You! | White and Williams LLP

On April 10, 2023, the United States Court of Appeals for the Second Circuit (the “Court”) held that a non-party to an unexpired lease assumed by a debtor in bankruptcy was not entitled...

Are First Day Hearings "Game Over" for Chapter 11 Cases? | Shumaker, Loop & Kendrick, LLP - Vimarsana News

Are First Day Hearings "Game Over" for Chapter 11 Cases? | Shumaker, Loop & Kendrick, LLP

Material Chapter 11 cases have morphed to the point that the outcome is often predetermined at the “first day” hearing. Unsecured creditors with material credit exposure should engage...

Tenth Circuit BAP Holds that Section 541 of the Bankruptcy Code Doesn't Invalidate Transfer Restrictions in LLC Operating Agreements - Vimarsana News

Tenth Circuit BAP Holds that Section 541 of the Bankruptcy Code Doesn't Invalidate Transfer Restrictions in LLC Operating Agreements

In a recent decision by the Tenth Circuit Bankruptcy Appellate Panel, the court held that a chapter 7 trustee could not sell an LLC membership…

Are Health Provider Agreements Contracts or Statutory Entitlements? - Vimarsana News

Are Health Provider Agreements Contracts or Statutory Entitlements?

Intersection between Medicare and state Medicaid regulatory schemes and bankruptcy proceedings is source of bankruptcy litigation. Debate is if provider agreements are executory contracts or statutory entitlements which debtor is authorized to sell under Bankruptcy Code.