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Brooklyn Decision Shows Why Litigation Finance Is Risky if the Plaintiff Files Bankruptcy

At least in New York, a litigation finance agreement can’t be written to remove all of the lender’s exposure to the borrower’s bankruptcy.
Court: 
2nd Circuit›New York›New York Eastern District

Recent Consumer Case Law Developments with Bill Rochelle

Bankruptcy Code: 
1188
1189
1190
101
105
106
109
348
365
502
503
506
510
522
523
524
525
528
542
546
547
552
560
707
902
928
1102
1124
1129
1226
1325
1326
1327
1329
1322
362
541
544
548
550
Topics: 
Alternative Dispute Resolution
Asset Sales
Automatic Stay
Fraudulent Transfers
Consumer Bankruptcy
Consumer Debt
Discharge/Dischargeability
Business Reorganization
International Insolvency
Municipal Bankruptcy
Puerto Rico
Small Business
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“Too Many Hats”: The Peculiar Problems and Challenges that Arise When an Equity Sponsor/ Secured Lender Is a DIP Lender/Stalking-Horse Buyer in a Chapter 11 Case

Bankruptcy Code: 
101
105
305
327
328
329
330
331
361
363
364
501
502
503
506
507
510
545
547
551
552
726
1107
1108
1112
1113
1114
1121
1129
362
544
548
549
550
Topics: 
Asset Sales
Business Reorganization
Lender Liability
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