Out of Bankruptcy, Seadrill Eyes Closer Ties with Oil Service Firms
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Plan Confirmation
Seadrill Gets U.S. Court Approval for Bankruptcy Exit Plan
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Nondischargeability Is No Bar to Feasibility in an Individual Chapter 11
Holders of nondischargeable claims can be forced to accept pro rata payments during the life of the plan and collect the remainder only after discharge or dismissal, the BAP rules.
Court:
ManorCare Wins Court Approval to Exit Bankruptcy under Landlord
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Fresh from Bankruptcy, Driller Fieldwood Hungry for U.S. Offshore Output
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Tribune Creditors Seek Reconsideration on Implied Preemption by the ‘Safe Harbor’
Following a suggestion made by two Supreme Court justices, Tribune creditors ask the Second Circuit to recall the mandate and remand for reconsideration in district court.
Court:
Unclaimed Oil and Gas Royalties Cannot Become Estate Property, Texas Judge Says
Confirmation order cannot turn someone else’s property into estate property.
Supreme Court’s Second ‘Safe Harbor’ Case Is in Limbo
Two justices recommend that the Second Circuit reconsider the ‘Tribune’ safe harbor decision in light of Merit Management.
Court:
Charming Charlie Reorganization Plan Wins Court Approval
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Fifth Circuit Adopts Flexible Timing for Section 1111(b) Cramdown Valuation
Fifth Circuit refuses to adopt chapter 13 valuation timing to chapter 11 cramdowns.
Court: