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Non-consensual third-party releases are provisions in reorganization plans that release non-debtor parties from liability to other non-debtor parties without the consent...
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Although there was a contentious period during which Westchester County and Standard Amusements engaged in a legal battle over whether Standard would manage the county’s Playland Amusement Park, there were no signs of animosity on May 20 when a ribbon-cutting was held to mark the park’s opening for the 2023 season with Standard set for […]
A Yonkers pizzeria that is ranked as the 99th most tax delinquent business in New York has filed for bankruptcy protection. Silvio's Italian Restaurant Inc. petitioned for Chapter 7 liquidation on April 5 in U.S. Bankruptcy Court, White Plains, declaring $50 in assets and $1,350,576 in liabilities.
Judge Shannon is second judge to press Congress to narrow section 546e safe harbor. Judge Robert Drain warned, that section 546e overbroad exemption has enabled private equity companies to siphon billions in debt-funded dividends from the companies they own.