Grand Forks Herald

A change to the Bankruptcy Code could affect small businesses

Part of the U.S. Bankruptcy Code is set to expire June 21, a change that could affect small business entities. If Congress does not make an extension, the debt limit in Subchapter 5 of Chapter 11 will ...
Reuters

Debtors without a cause: whether non-distressed entities can access bankruptcy

July 09, 2024 - The benefits afforded debtors in bankruptcy are so compelling that businesses have initiated bankruptcy proceedings without experiencing insolvency or imminent financial distress. But ...
JD Supra

The Supreme Court Limits A Trustee’s Rights To Recover Fraudulent Transfers Against The Internal Revenue Service

The Bankruptcy Code provides chapter 7 trustees with significant powers to liquidate and collect estate assets and pursue litigation claims, such as fraudulent transfer claims against third parties, ...
JD Supra

First Impressions: Seventh Circuit Rules that the Bankruptcy Code's "Safe Harbor" for Securities Contracts Transfers Applies to Non-Public Securities

Section 546(e) of the Bankruptcy Code's "safe harbor" preventing avoidance in bankruptcy of certain securities, commodity, or forward-contract payments has long been a magnet for controversy. Several ...