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

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.

Glacial Energy Heads To Ch. 11 With $1B In Debt

April 11, 2014

Source: Law360

Electricity and natural gas provider Glacial Energy Holdings and more than a dozen affiliates filed for Chapter 11 protection Thursday in Delaware, listing more than $1 billion in debt and planning a stalking horse sale to prepetition lender Vantage Commodities Financial Services I LLC. Read this article.

Detroit Retirees, Berkshire Hathaway Buck Bankruptcy Plan

April 10, 2014

Source: Law360

Detroit retirees, union members, a Berkshire Hathaway Inc. unit and at least a dozen others objected to the city’s plan to exit from bankruptcy, with several objections sliding in just under the April 7 deadline, according to court records on Tuesday. Read this article.

Lawsuit accuses OneWest Bank of defrauding U.S. mortgage program

April 9, 2014

Source: Reuters

A lawsuit has been unsealed accusing OneWest Bank FSB, a lender once known as IndyMac Bancorp Inc, of causing the U.S. government to improperly pay out $206 million under a federal program to help struggling homeowners avoid foreclosure. Read this article.

Speech Tech Co. DynaVox Enters Ch. 11

April 8, 2014

Source: Law360

Speech technology company DynaVox Inc. and two of its affiliates sought Chapter 11 protection Monday, shortly after the affiliates' secured debt was sold to JEC Capital Partners LLC and the private equity firm upended the company's management team. Read this article.

Goldman Sachs Can Keep $63M From Adelphia, 2nd Circ. Says

April 7, 2014

Source: Law360

The Second Circuit affirmed a lower court's decision that Goldman Sachs Group Inc. did not have to return $62.9 million in payments it received from a dubious account controlled by failed cable company Adelphia Communications Corp. Read this article.