Rochelle's Daily Wire

Fifth Circuit says that Oklahoma protected that state’s oil and gas producers while Texas didn’t.

The Eleventh Circuit decided that the SBA acted within its rulemaking power by precluding chapter 11 debtors from receiving PPP loans under the CARES Act.

California judge disagrees with a Texas judge and rules that creditors of a solvent debtor are not entitled to the higher state judgment rate or the higher contract rate.

New York Court of Appeals decision opens the door to state court suits against third parties who cause debtors to breach contracts with lenders.

Creditors are entitled to ‘default interest’ when the debtor is solvent.

Electing English law upheld, even though no one had any connection with the U.K.

Foreclosing on cash doesn’t moot an appeal from the order modifying the automatic stay as to cash.

Delaware district judge holds that the final bid at auction, not the lender’s last credit bid, fixes the value of the lender’s collateral.

Even though the price and terms were ‘entirely fair,’ Bankruptcy Judge Garrity disapproved DIP financing that would have locked in the right of controlling shareholders to purchase new stock at a 20% discount.

Bankruptcy Judge Glenn hints that the lenders and the debtor should mediate tough questions about the enforceability of a $150 million ‘sale’ of future credit card receivables.