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About Theresa A. Driscoll

Theresa A. Driscoll

Theresa A. Driscoll concentrates her practice in the representation of corporate debtors, lenders, trustees and unsecured creditors in all aspects of financial restructuring including workouts, chapter 11 cases and bankruptcy litigation.

Articles by Theresa A. Driscoll

Is the Jury In or Out on Chapter 11 Bankruptcy Gifts?   The gifting doctrine in bankruptcy is not new and often is used to obtain creditor consensus to a debtor’s proposed exit—either through a chapter 11 plan or a Section 363 sale. Bankruptcy “gifts” typically involve a structurally senior class voluntarily giving some of its property or distribution to a structurally junior class of creditors or equity holders.  Bankruptcy courts across the nation have reached differing and, at times, seemingly inconsistent decisions regarding the gifting doctrine. Some courts view […]