Maryland Court Questions When Debts are Incurred
Admin on November 9, 2021 Posted in Bankruptcy Law, BlogPursuing Chapter 11 bankruptcy can prove to be an advantageous and appealing option for individuals as well as companies faced with a large amount of financial liabilities. Filing for Chapter 11 bankruptcy both results in the placement of a bar on any pending legal action against a company and provides businesses with the chance to […]
Bankruptcy Court Finds “Critical Vendor” Label Provides No Insulation from Preference Claims
Admin on September 15, 2021 Posted in Bankruptcy News, Blog, Chapter 13 Bankruptcy, Chapter 7 BankruptcyIn what could likely end up an influential ruling, a Delaware court recently held that securing a “critical vendor” status in Chapter 11 commercial bankruptcy case ultimately offers no defense in situations where the vendor later faces legal action for the recovery of preferential payments that the debtor recoups shortly before bankruptcy. The Role of […]
Third Circuit Issues Notice of Publication Decision in Bankruptcy Case
Admin on June 15, 2021 Posted in Bankruptcy News, BlogOne fundamental aspect of bankruptcy law is that debtors can receive new starts on establishing good credit after emerging from the bankruptcy process. A company’s capacity to discharge liabilities is one of the primary motivators for pursuing protection under Chapter 11 bankruptcy. Consequently, it should come as no surprise that ensuring necessary steps are taken […]
New Bankruptcy Relief Options Introduced by 2021 Federal Appropriations Act
wpadmin on January 15, 2021 Posted in Bankruptcy Law, Blog, COVID19A new Consolidated Appropriations Act was signed into law at the end of December 2020. Among its thousands of pages, it includes several new bankruptcy provisions for businesses in what is referred to as the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act. Additional bankruptcy relief provisions are located in a miscellaneous section […]