U.S. Bankruptcy Court does not enforce an asset freeze order from a Brazilian insolvency proceeding recognized under chapter 15 of the Bankruptcy Code.
Recognition of a foreign proceeding under chapter 15 of the Bankruptcy...more
10/3/2024
/ Asset Freeze ,
Bankruptcy Code ,
Bankruptcy Court ,
Brazil ,
Chapter 15 ,
Comity ,
Commercial Bankruptcy ,
Damages ,
Debtors ,
Federal Rules of Civil Procedure ,
Foreign Investment ,
Insolvency ,
Piercing the Corporate Veil ,
SCOTUS
After a U.S. District Court departed from the “apparent consensus” that an official committee automatically dissolves when the chapter 11 case is dismissed, the Talc Claimants’ Committee in the similarly dismissed In re LTL...more
Hospitality debtors with substantial equity but prolonged depressed revenues due to COVID-19 may find negative amortization, a tool used sparingly pre-pandemic, helpful in the restructuring of mortgage debt under a chapter 11...more
2/25/2021
/ Amortization ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Real Estate Market ,
Coronavirus/COVID-19 ,
Debt Restructuring ,
Debtors ,
Hospitality Industry ,
Mortgages ,
Recovery Plans ,
Remote Working