Archives for April 2021

The Ninth Circuit Considers Permissible Non-Debtor Releases

Admin on April 29, 2021 Posted in Bankruptcy Law, Bankruptcy News, Blog

Many reorganizations plan involve the release of non-debtor liability, but there are varied opinions about the role of these releases. While releases of non-debtor liability are attractive to parties like directors and officers, others argue that releasing non-debtor is against the intent of the Bankruptcy Code.  Due to these conflicting perspectives, a current split exists […]

Bankruptcy Trustee Powers Removed by Congress

Admin on April 15, 2021 Posted in Bankruptcy Law, Bankruptcy News, Blog

Since the start of the coronavirus pandemic, a large number of commercial tenants have to contend with the challenge of whether local or state regulations permitted their organization to remain open. Unfortunately, this means that many companies have been unable to generate revenue for the past year.  Given the financial hardships faced by many people […]