Chemical Maker Hexion to Leave Ch. 11 With $2 Billion Less Debt
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Plan Confirmation
Intercreditor Agreement Didn’t Apply to Plan Distributions, Third Circuit Holds
The Third Circuit wrote an important decision on distributing collateral under an intercreditor agreement, but it wasn’t precedential.
Court:
Failure to Appeal Confirmation Bars Claims to Estate Property, Fifth Circuit Holds
A plan’s declaration that disputed property belongs to the debtor’s estate must be challenged before confirmation becomes final.
Court:
Jennifer Lopez-Backed Fuse Media Prepares to Emerge from Chapter 11
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Kirkland Secures $56 Million in Fees for Toys 'R' Us Bankruptcy
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Bankruptcy Judge Says Espinosa Overrules Eleventh Circuit Precedent
A chapter 13 plan that improperly modifies a home mortgage remains binding unless the lender has objected to confirmation.
Wayne State University Physician Group Exits Bankruptcy
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Eddie Lampert’s Company to Buy the Rest of Sears Hometown, Outlet Stores
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Fourth Circuit Eliminates a Split on Modifying Short Term Mortgages in Chapter 13
Joining two other circuits, the Fourth Circuit now permits a chapter 13 debtor to strip down a short term home mortgage to the value of the property.
Court:
Seadrill Considers Selling Non-Core Assets to Reduce Debt
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