ABI Blog Exchange

Pursuant to section 104(a) of the Bankruptcy Code (11 U.S.C.

In a recent decision, the United States Court of Appeals for the Third Circuit further defined its standard for awarding a break-up fee to an unsuccessful “stalking horse” bidder for a debtor’s assets.

On November 2, 2009, CIT Group, Inc., a leading provider of financing to small businesses and middle market companies, filed for bankruptcy in the United States Bankruptcy Court for the Southern District of New York.  Click here for a copy of the

Over the last several years, there have been a series of decisions rendered by the federal courts of appeals that grappled with the application of §510(b) to a claim that does not readily fall within the statute’s language.  Click

Under the GM deal reached with the Obama Administration, the US Government will own 60% of New GM — that is, the “leaner and meaner” GM (of course, only time will tell if that becomes the case).  The problem for the Obama Administration is that the U

According to Bloomberg.com, U.S.

Updating a story we reported here, Margaret Diekemper was sentenced to two years of probation and a $500 fi

According to this Wisconsin State Journal article, Ismail Beciri was charged in the Western District of Wisconsin with four counts of structuring financial transactions to avoid fede

In a previous post (here) we commented that the Judicial Conference of the United Sta