Zone of Insolvency

Zone of Insolvency

Tag Archives: Chapter 11

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

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