Most Recent Articles About Restructuring, Insolvency & Vulture Investing:

Dealing With Defaults Under Article 9 of UCC: A Player’s Guide for the 21st Century By The DailyDAC Editors • July 22, 2022
What are the legal remedies available under Article 9 of the UCC to a lender whose loan is secured by the personal property of a borrower who is in default?…
Ponzi Scheme Lender May Be Off The Hook, After All: A Case Study By Tricia Schwallier • July 14, 2022
The Sixth Circuit would quote Ohio case law to explain that “A contract of novation is created where a previous valid obligation is extinguished by a new valid contract, with…
An Introduction to Bankruptcy Claims Trading By Timothy C. Bennett • July 7, 2022
A Primer on the Bankruptcy Claims Marketplace Upon the filing of a bankruptcy petition by a debtor in a U.S. chapter 11 proceeding, any attempts to collect debt by a…
Dealing with Corporate Distress 10: All About “Claims” Outside Bankruptcy By Jonathan Friedland • June 27, 2022
A Series on the ABCs of ABCs, when it comes to claims there’s a plethora of them. From secured, to unsecured, to bankruptcy, and trade. Read all the basics in…
90 Second Lesson: How a Licensee is Treated in the Bankruptcy of its Licensor By The DailyDAC Editors • June 20, 2022
A reader named Harvey M. wrote in to ask this question: my business licenses certain intellectual property from another company. I am concerned that that company, which we can call…
Assignee Unknown: The Curious Cases of SmartLabs, Shine Bathroom Technologies, Liftopia, GlassPoint, SolarReserve, Maker Media, & Toymail By Jonathan Friedland • May 16, 2022
A curious mystery unraveled. Learn about the significant aspects of an Assignment for the Benefit of creditors, and why knowing the Assignee is important.
You Sued and Won. Now What? How to Enforce a Judgment in Illinois and Turn It Into Cash By Dave Madden • April 28, 2022
You just won a hard-fought trial and obtained a money judgment against a corporate defendant. But how do you go about enforcing a judgement? You may need a collection lawyer…
Important Issues and Developments When Filing a Proof of Claim By Laura Davis Jones • April 7, 2022
Are you filing a proof of claim in a chapter 11 bankruptcy case? There are many risks and issues to be cautious of as a creditor filing a proof of…
An “Oldie,” But a Goodie: Recommended Reading On the Subject of ABCs By The DailyDAC Editors • March 10, 2022
What are your options when handling your distressed business? Pursing an Assignment for the Benefit of Creditors is one of your options. The DailyDAC Editors offer reading recommendations to fill…
Trade Tip #9: What is an “Adversary Proceeding”? By Hajar Jouglaf • March 2, 2022
An adversary proceeding is essentially the bankruptcy court’s version of a civil action to recover money or property (other than a proceeding to compel the debtor to deliver property to…
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