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A trend is emerging. Another court holds a Subchapter V corporate debtor can discharge certain debts.
The United States District Court for the Southern District of New York issued an opinion on October 18, 2022, finding that a security deposit for a commercial lease was nothing more than an unsecured loan to the landlord rather than a deposit held in trust.
One of the first and most important questions we receive as Chapter 11 counsel is whether and when to tell employees that a Chapter 11 bankruptcy is imminent.
Anticipating post-filing conflict is one of the more important pre-filing jobs for bankruptcy attorneys.
Bankruptcy filings have started to increase this year and the number of new cases filed in March jumped significantly from February, but remain below last year's numbers, according to data released on Tuesday by legal research firm Epiq.