Andrew C Kassner

April 13, 2023 | The Legal Intelligencer

Certain types of agreements, such as real estate leases, clearly are executory contracts subject to assumption or rejection in bankruptcy cases. But what about the partnership agreement itself, or an option to purchase, or a right of first refusal contained in a partnership agreement?

By Andrew C. Kassner and Joseph N. Argentina Jr.

9 minute read

February 27, 2023 | The Legal Intelligencer

This case demonstrates that strong beliefs are not enough, but counsel presenting extensive evidence of repeated extraordinary behavior can be enough to support the issuance of prejudgment relief by a court.

By Andrew C. Kassner and Joseph N. Argentina Jr.

10 minute read

December 01, 2022 | The Legal Intelligencer

What rights does a tenant have with regard to the security deposit delivered by the tenant to the landlord to secure the tenant's performance under the lease when the landlord files for bankruptcy and rejects the lease?

By Andrew C. Kassner and Joseph N. Argentina Jr.

8 minute read

October 13, 2022 | The Legal Intelligencer

In an opinion issued Aug. 3 in In re Hawkeye Entertainment, (Case No. 21-56264), the U.S. Court of Appeals for the Ninth Circuit held all the requirements for assumption were triggered even though the defaults had been cured or were not material but the debtor could assume the lease because the defaults in bankruptcy were not material enough to require any further undertakings by the debtor going forward.

By Andrew C. Kassner and Joseph N. Argentina Jr.

8 minute read

September 05, 2022 | The Legal Intelligencer

In an opinion issued by the U.S. Court of Appeals for the Fifth Circuit dated Aug. 11, in a case styled In re Falcon V, case no. 21-30668, the court held a surety bond is not an executory contract, and the debtor's obligations under the bonds could not be enforced.

By Andrew C. Kassner and Joseph N. Argentina Jr.

7 minute read

February 28, 2022 | The Legal Intelligencer

Certain sectors and businesses undoubtedly will experience distress, and doing business with distressed customers always brings the risk of nonpayment.

By Andrew C. Kassner and Joseph N. Argentina Jr.

9 minute read

January 06, 2022 | The Legal Intelligencer

As we ring in the New Year, we hope for a "fresh start" out of the pandemic, but recognize that challenges remain, including the latest variant. In the restructuring bar, we see new approaches being attempted to address old problems.

By Andrew C. Kassner and Joseph N. Argentina Jr.

9 minute read

October 14, 2021 | The Legal Intelligencer

U.S. Bankruptcy Court Judge John T. Dorsey for the District of Delaware ruled that a supplier's receipt of payment under a critical vendor order does not bar the debtor or trustee from pursuing a preference claim to recover amounts paid prepetition to the vendor.

By Andrew C. Kassner and Joseph N. Argentina Jr.

8 minute read

September 02, 2021 | The Legal Intelligencer

The SBRA created a new "Subchapter 5" of the U.S. Bankruptcy Code that enables small businesses to use many of the provisions of Chapter 11, but without many of the costs and burdens of a typical Chapter 11 proceeding.

By Andrew C. Kassner and Joseph N. Argentina Jr.

8 minute read

July 08, 2021 | The Legal Intelligencer

The Bankruptcy Code encourages service and good suppliers to continue to do business with a company in Chapter 11 by providing that amounts owed for post-petition services and deliveries are eligible to receive administrative claim status if they provide a benefit to the estate, meaning that their claims are paid in full before pre-petition unsecured claims.

By Andrew C. Kassner and Joseph N. Argentina Jr.

8 minute read