The “Bankruptcy Administration Improvement Act of 2020” was signed into law on Wednesday. The act previously passed the Senate and the House of Representatives. Among its provisions, the bill reduces the amount of quarterly fees paid and simplifies the free structures in Chapter 11 cases.
The Wall Street Journal predicted the Donald Trump presidency is poised to usher in a new era that could boast economic growth, bring higher interest rates and inflation, and a new set of potential risks, including international trade wars.
The recent intercreditor dispute between The Donald and corporate raider Carl Icahn has all the glitz of Atlantic City itself, including two competing but confirmable plans with senior and junior creditors slugging it out for ownership of a gaming empire.