Bankruptcy Law News and Insights

Bankruptcy Remains Closed to Cannabis Businesses Cannabis businesses and owners remain (mostly) barred from filing for federal bankruptcy protection, but as more states legalize and as more "ancillary" businesses seek to file, courts continue to grapple with court supervisions of distressed cannabis businesses. It remains the case that businesses and...

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We've all read the headlines - real estate owners (big and small) are handing (or considering handing) lenders the "keys" to office buildings. With remote working models in flux and tenants gravitating towards amenitized Class A buildings, office building owners may find few options for older properties with weaker tenant...

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In a press release published on Friday, March 10, 2023,1 the Federal Deposit Insurance Corporation (FDIC) announced that the California Department of Financial Protection and Innovation had, as of the same date, closed Silicon Valley Bank (SVB) and appointed the FDIC as the receiver. The FDIC immediately created the Deposit Insurance...

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