Page 8 - Bankruptcy Code Section News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: What to consider to avoid a spiral, if your company is the next to go viral. The recent meteoric rise (and subsequent fall) of GameStop, AMC Theaters and a host of other “meme stocks” has prompted hedge funds, investment bankers, regulators and public company executives to critically re-examine their preparedness for extraordinary market volatility.  The meme stock phenomenon is unique in numerous respects that have been well documented.  What has drawn less attention, however, is the fact that the phenomenon highlights how ot...

By Polsinelli PC issued the following announcement on Jan. 21. Am Law 100 firm Polsinelli has been honored with two awards by Global M&A Network: “Cross-Border M&A Deal of the Year” and “Chapter 11 Restructuring of the Year.” Both awards are in the mid-markets category. The firm was recognized at the 12th Annual Intelligence Forum virtual event on Jan. 21, 2021. Polsinelli’s recognition as the “Cross-Border M&A Deal of the Year” (mid-markets category) was awarded for its representation of Orchids Paper Products Company, including Fabrica de Papel, a U.S. publicly traded p...

The latest COVID-19 relief legislation provided some additional aid and clarity for a select group of debtors and left many other questions unanswered. The requirements for the next...

Bankrupt small businesses now qualify for PPP loans under the CARES Act. Small business debtors may now have an additional 60 days under the Bankruptcy Code to perform all post-petition commercial lease obligations and to assume or reject such leases. A security deposit or other assurance of payment is no longer necessary for small business debtors to prevent the termination of utility services. Deferred or postponed rent and supplier payments by small business debtors are now protected from preference “claw back.” On December 21, 2020, Congress passed the Consolidated Appropriations Act ...