As the calendar turns to autumn, the United States Supreme Court (“SCOTUS”) is commencing its new term and preparing to address a monumental issue that will impact chapter 11 law and the mass tort system: the permissibility...more
10/18/2023
/ Balance Sheets ,
Bankruptcy Code ,
Certiorari ,
Chapter 11 ,
Co-Defendants ,
Commercial Bankruptcy ,
Debtors ,
Department of Justice (DOJ) ,
Dischargeable Debts ,
Mass Tort Litigation ,
Non-Consensual Rights ,
Opioid ,
Purdue Pharma ,
Reorganizations ,
SCOTUS ,
Third-Party
Historically, a business (known as a debtor) filed for chapter 11 to restructure its debts owed to creditors through a plan of reorganization. The debtor would receive a discharge of any debts not required to be repaid under...more