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US bankruptcy wave may stretch into 2024, but pace could slow

Collection Industry News

bankruptcies next year due to sticky inflation and high interest rates, but analysts expect easing monetary policy to offer some respite in the second half of 2024. corporate bankruptcy filings so far this year, the highest since 2020, according to data from S&P Global Market Intelligence. There have been 591 U.S.

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Television Production Contract is not Personal Service for Purposes of Assumption and Assignment Under Section 365(a) of the Bankruptcy Code

ABI

John’s University School of Law American Bankruptcy Institute Law Review Staff Title 11 of the United States Code (the “Bankruptcy Code”) provides under section 365(a) that a debtor in possession may, “subject to the court’s approval… assume or reject any executory contract or unexpired lease of the debtor.” [1] Declan Considine St.

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Rite Aid files for bankruptcy amid slowing sales, opioid litigation

Collection Industry News

Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. Amazon closed its acquisition of primary-care provider One Medical in a $3.9 Rite Aid also said lenders agreed to extend $3.45

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Delaware Bankruptcy Court Teaches Important Lesson on Timely Lien Perfection

PBWT

Bankruptcy Judge Karen B. Southland focuses on the acquisition, development, and exploitation of oil and gas reserves. Southland filed for chapter 11 bankruptcy on January 27, 2020 (the “Petition Date”). In the face of a potential bankruptcy, ensure that you perfect your liens pre-petition. 21, 2021, Bankr.

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Delaware Bankruptcy Court Issues Decision on Whether a Debtor Can Be a “Financial Participant”

PBWT

We have blogged previously about section 546(e) , the Bankruptcy Code’s safe harbor for certain transfers otherwise subject to avoidance as preferences or fraudulent transfers. In September 2015, Samson Tulip and other Samson entities filed for bankruptcy. See 11 U.S.C. § § 546(e). ” Id. ” Id.

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17 of Burr’s Attorneys Recognized in the “2021 Legal Elite” for South Carolina

Burr Forman

Weyman Carter – Bankruptcy & Creditors Rights. Jim Gilliam – Business Litigation; Corporate Law, Mergers, & Acquisitions; Labor & Employment. George Morrison – Corporate Law, Mergers, & Acquisitions. Brandon Norris – Banking & Finance; Corporate Law, Mergers, & Acquisitions. John Connell, Jr.

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E-Bike manufacturer goes into liquidation

UK debt collections

The bid comes after VanMoof’s declaration of bankruptcy, and the court of Amsterdam lifting the suspension of payment proceedings for VanMoof Global Holding BV, VanMoof BV, and VanMoof Global Support BV. The Courts decision The court’s decision was driven by the Dutch entities’ financial constraints and inability to meet their liabilities.