There is a growing trend of bankruptcy courts approving structured dismissals of chapter 11 cases following a successful sale of a debtor’s assets. Private credit lenders should take note because structured dismissals slash significant costs from an already expensive process
On December 16, 2021, in a significant decision, the United States District Court for the Southern District of New York (the “District Court”) vacated the order confirming the chapter.
U.S. Supreme Court Update: Petitions Seek Review Of Notable Bankruptcy Law Rulings - Insolvency/Bankruptcy/Re-structuring mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
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Be Careful What You Wish For: Jevic Court Denies Chapter 7 Trustee's Substitution Request, Potentially Ending Action Versus Prepetition Lenders - Insolvency/Bankruptcy/Re-structuring mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.