Young And New Members Committee

Committees

Post date: Thursday, September 04, 2014

[1]On June 17, 2014, the U.S. Bankruptcy Court for the Northern District of Illinois addressed the defense to fraudulent transfer liability under § 548(c) of the Bankruptcy Code.[2] Section 548(c) provides a defense for otherwise fraudulent transfers if the transferee accepts the transfer in good faith, and provides value in exchange for such transfer.[3] Thus, there are two prongs to this defense: good faith and value.[4]

Post date: Thursday, August 28, 2014
Photo of Jeremy D. Evans
Jeremy D. Evans

With an increasing number of bankruptcy cases centering on massive financial frauds, bankruptcy courts in recent years have drastically extended the definition and scope of “property of the estate.” Not surprisingly, this broader definition has also led to an increased application of the automatic stay, sometimes extending the stay to third-party actions that were not even brought against debtors.[1]

Post date: Thursday, August 28, 2014

General Motors (GM) is currently facing two main types of lawsuits linked to its recall of cars with defective ignition switches. For those injured or killed as a result of these switches, GM has set up a special fund to compensate victims and their families.[1] Yet, the very contentious and much more expensive issue concerns car owners suing GM for economic losses related to the defects,[2] and these claims could easily reach into the billions of dollars.[3]

Post date: Thursday, May 15, 2014
Photo of Dara Levinson
Dara Levinson

In recognition of the increasingly global nature of business, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) added a new chapter, chapter 15, to the Bankruptcy Code.

Post date: Thursday, May 15, 2014

[1]“Removal” refers to the process of transferring litigation to a federal court from another forum. Bankruptcy practitioners should be aware of two provisions that provide for removal of civil litigation to federal court: 28 U.S.C.

Post date: Sunday, March 23, 2014

Bitcoins. Litecoins. Dogecoins. Even, at one point, “Coinye West.” Like it or not, it’s hard to deny that bitcoin and cryptocurrencies like it have been quite the talk of the financial world recently. Between Feb. 1, 2013, and Feb. 1, 2014, bitcoin prices have risen from about $20 per coin to a high of more than $1,200 and then fallen back down into the $500 to $600 range.

Post date: Monday, September 12, 2011

Do you sign proofs of claim on behalf of a client? Many young attorneys have done it early in their careers, either out of convenience or an eve-of-the-bar-date request of a client to file a proof of claim on its behalf, and likely have thought nothing of it. A recent opinion from the U.S. Bankruptcy Court for the Southern District of Texas in Duke Investments Ltd., et al. v.

Post date: Monday, September 12, 2011

Distressed opportunity in the U.S. is shaping up to be the best opportunity in a lifetime. —John Paulson, February 2009[1]

Post date: Saturday, June 18, 2011

As a junior-level associate, business development is at once an alluring and daunting topic, shrouded in mystery. As a bright-eyed associate, it seems as though the firm rainmakers are always making rain and it is hard to imagine that their entire book was once comprised of representing Uncle Stu in his loan modification to keep the hardware store afloat.

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Mr. David R. Doyle
Co-Chair
Cozen O'Connor
Chicago, IL
(312) 474-1648

Ms. Tara J. Schellhorn
Co-Chair
Riker, Danzig, Scherer, Hyland & Perretti LLP
Morristown, NJ
(973) 538-0800

Mr. John T. Baxter
Communications Manager
Nelson Mullins Riley & Scarborough, LLP
Nashville, TN
(615) 664-5323

Ms. Bodie B. Colwell
Education Director
Preti Flaherty
Portland, ME
(207) 791-3000

Ms. Christina Sanfelippo
Education Director
Cozen O'Connor
Chicago, IL
(312) 474-4455

Ms. Gabrielle G. Palmer
Membership Relations Director
Siri & Glimstad LLP
Littleton, CO
(720) 419-0263

Mr. Christian A. Pereyda
Membership Relations Director
Maynard, Cooper & Gale, P.C.
Birmingham, AL
(205) 254-1854

Mr. Joseph M. Esmont
Newsletter Editor
BakerHostetler
Cleveland, OH
(216) 861-7835

Ms. Alexandra CC Schnapp
Newsletter Editor
U.S. Bankruptcy Court, Northern District of Georgia
Atlanta, GA
(404) 215-1005

Mr. John Richard O'Connor
Special Projects Leader
Sugar Felsenthal Grais & Helsinger LLP
Chicago, IL
(630) 308-2487

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