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Business Bankruptcy
90 Second Lesson: Why Would a Debtor Choose to Liquidate Under Chapter 11?
There may be many business reasons and benefits for a debtor who chooses to liquidate under Chapter 11 rather than Chapter 7.
How to Save Your Business from Financial Distress: The Potency of Subchapter V of Chapter 11
A distressed business has a multitude of options to explore. Understand how subchapter V of Chapter 11 can be used to restructure a business.
Determining Whether or Not to Seek Court Approval of a Sale in a Delaware Assignment for the Benefit of Creditors Case
In a Delaware assignment for the benefit of creditors case, court approval is not required for a sale, but, time, money, and preference can factor.
How Far Can the Trustee Reach?
Bernard Madoff’s infamous Ponzi scheme left victims in its wake worldwide and resulted in numerous bankruptcy and insolvency proceedings around the world. How far can the trustee’s power reach?
How To Become a Really Bad Bankruptcy Client And Maybe Even Get Prosecuted
Being or becoming a bad bankruptcy client usually has something to do with failing to provide adequate information to the attorney. Find out what NOT to do so you can be a good bankruptcy client.
Steps a Supplier Can Take in the Face of a Potentially Bankrupt Retailer
A supplier to a potentially bankrupt retailer can mitigate losses by invoking the right to suspend delivery, demanding adequate assurance, and more.
Chapter 15 Bankruptcy: A Concise Overview
Chapter 15 bankruptcy is a tool for foreign companies with assets in the United States to get assistance from a U.S. bankruptcy court.
Dealing with Corporate Distress 18: Buying & Selling Distressed Businesses
Sellers and buyers must know the key elements of selling a distressed business outside of bankruptcy. Levels of protection vary on both sides.
90 Second Lesson: What is a “Professional Fee Carve-Out” in Chapter 11?
It’s typical for secured lenders in a chapter 11 case to set aside a portion of the proceeds of its collateral to pay professional fees. Understand what you may need to know about carve-out fees.
Crypto in Celsius “Earn” Accounts Are Property of Bankruptcy Estate, Not Customer Assets
Editors’ Note: DailyDAC makes occasional exceptions to its general policy of publishing only original content when its editors determine an article to be timely, excellent, and of great potential value to its their audience. This article, originally published by Schulte Roth & Zabel as a client alert on January 12th is such an article. We thank […]