Eric Chafetz and Lindsay Sklar of Lowenstein Sandler examine the decision in In re Sklar Expl. Co., LLC, a case which dealt with Section 503(b)(9) of Chapter 11 of the U.S. Bankruptcy Code and how it relates to trade creditors that supply both goods and services to financially distressed customers.
In the current market, where sentiment can change on a dime due to everything from supply chain constraints to geopolitical upheaval, it’s essential to expect the unexpected, but that doesn’t mean we can actually see the twists coming.
Steven D. Jerome and Emily Gildar Wagner provide a deep dive on the tools secured creditors have at their disposal in Subchapter V bankruptcy filings, specifically outlining considerations around the 1111(b) election.
Healthcare facilities have faced an incredible amount of undue stress during the COVID-19 pandemic, creating a sea of challenges for all stakeholders. Michael Sandnes provides some important considerations and strategies for financially distressed healthcare organizations.
Structurally flawed businesses that survived 2020 are in greater danger of imploding in 2021, which could put further pressure on stakeholders in commercial real estate, Doug Greenspan, a managing director at A&G Real Estate Partners, said at a TMA conference.
eCapital Commercial Finance, a division of eCapital, provided a $1.5 million debtor-in-possession factoring facility to an industrial LED lighting company in Chapter 11 bankruptcy.
According to Epiq, 2020 had the lowest number of bankruptcy filings in the U.S. since 1968, with a total of 529,068 filings across all chapters. However, Chapter 11 filings continued to grow year-over-year, rising 29% to 7,128 new filings in 2020 compared with 5,518 in 2019.
Vinson & Elkins announced that Paul E. Heath, an accomplished partner in the firm’s Restructuring and Reorganization practice group, has relocated from Dallas to Houston.
As a result of COVID-19, some businesses will make the difficult decision to wind down operations. As owners and lenders seek more efficient alternatives to bankruptcy, an assignment for the benefit of creditors can be a better option.
Tyler Layne and John Tishler of Waller Lansden Dortch & Davis dive into the True Health Chapter 11 bankruptcy case and the healthcare debtor-friendly trend seen in recent bankruptcy court decisions