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Mall Owner Washington Prime Is Said to Prepare Bankruptcy Filing
Mall owner Washington Prime Group is preparing a potential bankruptcy filing as time runs out to avert a default after it skipped an interest payment on its debt, according to…
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Senate Votes to Open Debate on Biden’s $1.9 Trillion Coronavirus Relief…
The Senate voted yesterday to open debate on President Biden’s $1.9 trillion coronavirus relief bill, as Democrats moved forward with no GOP support after failing to win…
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Sandy Hook Families, Insurer Oppose Remington Bankruptcy Plan
Remington Outdoor Company is facing objections from families of shooting victims, among others, to its proposed wind-down plan as it nears the conclusion of its chapter 11…
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Bankrupt Chicago Hospital Gets the Chance to Stay Open With a Sale
Trinity Health Corp. has agreed to sell Chicago’s Mercy Hospital and Medical Center to a Flint, Michigan-based biomedical company that will keep the facility running,…
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Valaris Receives Court Approval for Bankruptcy Reorganization Plan
Valaris, the world’s largest offshore rig operator, has received approval from a U.S. bankruptcy court for its prearranged plan of reorganization filed as part of 2020…
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Norway's Seadrill Writes Down $2.9 Billion on Its Oil Rigs
Offshore drilling rig contractor Seadrill said on Thursday it had taken an additional $2.9 billion non-cash impairment on its assets due to a bleak outlook for the sector,…
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Experts Examine Important Consumer Bankruptcy Law Changes Enacted in December - Ep. 241
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Experts Unpack Important Commercial Bankruptcy Law Changes Enacted in December - Ep. 240
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Issues Confronting Bankruptcy and Insurance Law - Ep. 239
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Examining Supreme Court Decision on Puerto Rico Oversight and Management Board - Ep. 238
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Two ABI Legends Discuss Financial Crisis Due to COVID-19, Tools for Practitioners to Utilize - Ep. 237
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View More MediaExperts Examine Important Consumer Bankruptcy Law Changes Enacted in December - Ep. 241
Legislative measures throughout 2020 were aimed at providing economic stability to meet the challenges of the financial distress caused by the COVID-19 pandemic, and December saw a flurry of activity that resulted in the Combined Consolidated Appropriations Act of 2021. The $2.3 trillion spending bill combined $900 billion in stimulus relief for the COVID-19 pandemic with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year. The bill passed both chambers of Congress on Dec. 21 and was signed into law by the President on December 27. Within the nearly 5,600 pages of this bill were important changes to the Bankruptcy Code. In this podcast, ABI Consumer Committee Co-Chair Christopher L. Hawkins of Bradley Arant Boult Cummings LLP (Birmingham, Ala.) discusses the changes with Charissa Potts of Freedom Law, PC (Eastpointe, Mich.) and John Rao of the National Consumer Law Center (Boston).
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