Bankruptcy Law News and Insights

Does WeWork’s Going Concern Warning Signal A Potential Bankruptcy Filing?

Published: Aug 18, 2023
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Three years have passed since the COVID-19 pandemic reached the United States and its effects are still being felt today. Even though lockdown measures have largely disappeared and many workers have returned to the office, flexible work has become a fixture in the workplace. The shift to remote and more...

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Is The Spark Gone?

Published: Aug 07, 2023
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Section 503(b)(9) of the Bankruptcy Code gives a massive boost to creditors that sold goods to a financially distressed customer shortly before the customer's bankruptcy filing. While claims for goods sold before a bankruptcy filing are typically treated as general unsecured claims that often receive pennies on the dollar (or...

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Know When To Fold ‘Em: Bankruptcy Lessons From Akorn’s Chapter 7

Published: Aug 02, 2023
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As the current business cycle swings into volatile territory across the country, sponsors, lenders, and management teams will be faced with difficult choices in how to maximize value from troubled businesses. Amid declining consumer sentiment, investors weary of a recession, higher interest rates, and increased counterparty risk, creative solutions should and uncommon...

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