Tag Archives: Chapter 11

Norton Rose Fulbright’s global restructuring group releases the Q1 2023 issue of International Restructuring Newswire

By NRF Digital Team on January 25, 2023 Posted in Financial Restructuring & Insolvency, Global

Our global restructuring team has released its quarterly International Restructuring Newswire. Our new issue features articles from Canada, Germany, the US, France and China/Hong Kong to help you stay current on recent developments in restructurings in various jurisdictions around the globe.… Continue Reading

A DIP of the toe into US Chapter 11 waters for Australia

By Jeffery Black (AU) and Nick White (AU) on September 30, 2020 Posted in Australia

The Australian Government announced two new restructuring and insolvency processes for small businesses (having liabilities of less than AU$1 million).… Continue Reading

Chapter 11 Plan for a Group of Debtors May Be Confirmed if Approved by Creditors of a Single Debtor

By Francisco Vazquez (US) on February 27, 2018 Posted in US

In a matter of first impression at the Circuit level, the United States Court of Appeals for the Ninth Circuit held that a court may confirm a plan filed on behalf of multiple debtors that has been approved by an impaired class of creditors of only one of the debtors. JPMCC 2007-C1 Grasslawn Lodging,… Continue Reading

Bankruptcy Court Slaps Down Chapter 11 Filing Used as a Litigation Tactic

By on January 8, 2015 Posted in US

Chapter 11 of the Bankruptcy Code is designed to allow struggling companies to reorganize their debts and emerge as stronger, healthier companies or to liquidate in an orderly fashion. In either case, the company better be struggling, as made clear in a recent decision in In re Derma Pen, LLC, No. 14-11894, 2014 WL 7269762… Continue Reading

X Not Gon’ Give It To Ya: Recording Artist DMX Faces Conversion or Dismissal of Bankruptcy Proceeding

By on October 30, 2013 Posted in US

In today’s celebrity gossip section of the Zone of Insolvency blog, we are talking about recording artist and actor Earl Simmons, much more commonly known as DMX. DMX commenced a voluntary chapter 11 bankruptcy case on July 19, 2013. Since that time, according to pleadings filed by the U.S. Trustee for the Southern District of… Continue Reading