Articles in this issue:
- Construction Lenders Beware
- Supreme Court Upholds Secured Creditor’s Right to Credit Bid in a Bankruptcy Case
- Jointly Administered Plans Must Obtain Impaired Class Approval ‘Per Debtor’ Rather Than ‘Per Plan’
- Court Rejects ‘Whole Enterprise’ Argument of Jointly Administered Debtors; Holds Each Debtor is a SARE
- Court Analyzes Objective Factors to Find Chapter 11 Petition Filed in Bad Faith
- Rental Payments and Administration Expenses Back in the Spotlight: Luminar Decision Clarifies Circumstances in Which Rental Liabilities Qualify as Administration Expenses
- Creditor’s Proposed Plan Violated Absolute Priority Rule – Court Dismissed Bankruptcy Case
- Dividend Paid in LBO/Recapitalization Not Protected by 546(e) Safe Harbor
- Asset Purchasers May Be Subject to Seller’s Liabilities, De Facto Merger Doctrine Expanded in Pennsylvania
- Ending Forbearance is Not Equivalent to Economic Duress
- Statute of Frauds Bars Claims, Except for Interference with Prospective Contractual Relations
- Illinois Mortgagees Beware – Mortgages Lacking Interest Rate and Maturity Date Avoidable By Bankruptcy Trustee
- Split Continues – Individual Chapter 11 Debtors Not Subject to Absolute Priority Rule
- Court Relies on its Own Logic to Value Mortgage Servicing Rights
- SARE Creditor’s Right to Pre-Petition Interest Governed by State Law
- CMBS Certificateholder is Not a ‘Party in Interest’ in Chapter 11 Case
- Court Allows Pro Se Claimant to Withdraw Claim to Preserve Right to Jury Trial
- Indenture No-Action Clause Bars Suit Against Issuer, Directors and Officers
- Ipso Facto Clause Results in Master Lease Termination, Nullifies Sublessee’s Right to Possession
- Second Creditor Out of Luck in Debtor’s Fraudulent Transfer Scheme
- Secured Party Must Turn Over Repossessed Collateral if the Debtor’s Rights to the Collateral Were Not Terminated Pre-Petition
- Counsel’s Corner: News From Reed Smith
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