By Rudolph J. Di Massa Jr. and Jarret P. Hitchings | July 3, 2017
Under Section 365(a) of the Bankruptcy Code, a debtor in bankruptcy may assume executory contracts or unexpired leases to which the debtor was a party before its bankruptcy filing. Before it is permitted to do so, however, the debtor must cure any and all defaults existing under the agreement (see 11 U.S.C. 365(b)(1)), thereby making the nondebtor counter-party "whole" upon assumption.
By newyorklawjournal | New York Law Journal | June 29, 2017
Bankruptcy Court Did Not Abuse Discretion In Approving Settlement in Foreclosure Case
Delaware Business Court Insider
By Brian Baxter | June 28, 2017
Japanese auto parts manufacturer Takata Corp. has turned to Weil, Gotshal & Manges and two other firms as it pursues a $1.6 billion sale to Key Safety Systems Inc.
By Adina Solomon | June 28, 2017
Practice Profile: Simon concentrates his practice on corporate restructuring and bankruptcy. His focus is on protecting and advancing the interests of…
By Brian Baxter | June 26, 2017
Japanese auto parts manufacturer Takata Corp. has turned to Weil, Gotshal & Manges and two other firms as it pursues a $1.6 billion sale to Key Safety Systems Inc. The proposed acquirer, advised by Skadden, Arps, Slate, Meagher & Flom, is owned by China's Ningbo Joyson Electronic Corp. Big legal fees loom on the horizon.
By Samantha Joseph | June 26, 2017
Good news for wealthy Miami businessman Leonidas Ortega Trujillo: A U.S. bankruptcy judge discharged a $600 million judgment against him, but the ruling is likely to be appealed.
By Catherine Wilson | June 26, 2017
Consumer litigation against major automakers moves forward after Takata seeks bankruptcy protection.
By therecorder | The Recorder | June 23, 2017
9th Cir.; 12-17241 The court of appeals affirmed a judgment. The court held that the appropriate cram-down valuation of a building was its value as it…
By thelegalintelligencer | The Legal Intelligencer | June 23, 2017
District Court properly affirmed bankruptcy court's granting of a grace period to debtors who made the final payment on their base plan a few weeks after the end of the 60-month period because the bankruptcy court had the discretion under the code to grant a reasonable grace period for debtors to cure an arrearage. Affirmed.
By newyorklawjournal | New York Law Journal | June 22, 2017
Firm Barred From Asserting 'Known' Fraud Claim It Did Not List as Asset in Bankruptcy
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