The Bankruptcy Law Review is a collaboration of expert legal practitioners and academicians who write about both the legal and public policy aspects of corporate bankruptcy law.

Welcome to Bankruptcy Law Review

Welcome to Bankruptcy Law Review

BankruptcyLawReview.com is the result of a collaboration among leading legal experts and academicians in the area of Bankruptcy Law, including emphasis on the issues of fraudulent conveyances, preferences, and former officer, director, and shareholder liability. These legal matters have risen in importance among practitioners, judges, governments, corporate leaders and the public in recent years, creating an increased demand for current and authoritative law articles addressing them. The authors of Bankruptcy Law Review have set forth to contribute their knowledge on the subject and, in so doing, highlight their expertise in this very relevant area of the law.

News

Event Rentals Plans Sale To Apollo Following Ch. 11 Auction

April 23, 2014

Source: Law360

Bankrupt party planner Event Rentals Inc. announced Tuesday it would sell itself as a going concern to funds managed by investment giant Apollo Global Management LLC, which beat out the $124 million stalking horse bidder at a Chapter 11 auction. Read this article.

Genco Shipping Hits Ch. 11 With Plan To Cut $1.2B Debt

April 22, 2014

Source: Law360

Dry-bulk cargo ship operator Genco Shipping & Trading Ltd. filed for Chapter 11 bankruptcy in New York federal court Monday, submitting a prepackaged restructuring plan it says will help trim its debt load by an estimated $1.2 billion. Read this article.

AMR Can't Terminate Retiree Benefits, Judge Says

April 21, 2014

Source: Law360

The bankruptcy judge who oversaw AMR Corp.’s Chapter 11 case on Friday rejected the airline’s contention that it has the right to dump the cost of pension benefits onto retirees themselves, saying the benefits are protected in relevant documents. Read this article.

Skadden To Pay $4.25M In Settlement With Fletcher Trustee

April 18, 2014

Source: Law360

A New York federal bankruptcy court approved a $4.25 million settlement Tuesday requiring Skadden Arps Slate Meagher & Flom LLP to pay bankrupt hedge fund Fletcher International Ltd. and several creditors to resolve claims the law firm failed to protect the interests of the hedge fund and its investors. Read this article.

GM To Ask Bankruptcy Judge To Bar Defect Claims

April 17, 2014

Source: Law360

General Motors said Tuesday it will ask a bankruptcy judge to bar plaintiffs in litigation related to the automaker's ignition switch defect debacle from bringing their claims, saying the 2009 sale order that allowed it to exit bankruptcy protects it from such actions. Read this article.

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Detroit Deal Will Cut Pension Hikes For Ex-Cops, Firefighters

April 16, 2014

Source: Law360

The city of Detroit has reached an agreement with the organized labor group representing its retired police and firefighters that will trim annual cost-of-living increases to the retirees but spare their current pensions from any cuts, a mediator said Tuesday. Read this article.

Apollo’s MPM Seeks $3B Debt Cut Through Ch. 11

April 15, 2014

Source: Law360

Momentive Performance Materials Inc., a silicone and quartz producer controlled by private equity firm Apollo Global Management LLC, on Sunday filed for bankruptcy protection in New York, with a prenegotiated plan to cut its debt by $3 billion. Read this article.

Detroit's $85M UBS, Merrill Lynch Swaps Deal Wins Approval

April 14, 2014

Source: Law360

Detroit on Friday received court approval of its $85 million settlement with UBS AG and Bank of America Corp.'s Merrill Lynch Capital Services LLC to end a swaps agreement, an achievement that will allow the bankrupt city to begin collecting much-needed casino tax revenue. Read this article.