In the Red

AUGUST 2, 2018

The twists and turns of the In re Tempnology LLC bankruptcy case have been a frequent subject on this blog for good reason. The case addresses whether a trademark licensee, whose licensor files bankruptcy and rejects the license agreement, retains any rights to use the trademark — or instead is out of luck. A Wild Ride.

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In the Red

FEBRUARY 13, 2019

The case has gone from the bankruptcy court , to the Bankruptcy Appellate Panel , and then to the First Circuit. In response to Lubrizol , Congress enacted Section 365(n) of the Bankruptcy Code to protect licensees of enumerated types of intellectual property from the impact of rejection. 3d 382 (7th Cir.

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Bankruptcy Debtor Manufacturing Trade 100

In the Red

MAY 21, 2019

v Tempnology, LLC case: Whether, under §365 of the Bankruptcy Code, a debtor-licensor’s “rejection” of a license agreement—which “constitutes a breach of such contract,” 11 U.S.C. One of its first motions in the bankruptcy case was to reject the Agreement and the focus quickly turned to the trademark license. 3d 382 (7th Cir.

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PBWT

JULY 20, 2021

The Bankruptcy Code grants the power to avoid certain transactions to a bankruptcy trustee or debtor-in-possession. In a recent decision, the United States Bankruptcy Court for the District of New Mexico addressed this question, concluding, in the face of a split of authority, that there was such a requirement. Glove, Inc. ,

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In the Red

JANUARY 22, 2018

When it comes to decisions on bankruptcy and trademark licenses, the In re Tempnology LLC bankruptcy case is the gift that keeps on giving. Following Tempnology’s rejection of an agreement containing a trademark licensee, the New Hampshire Bankruptcy Court ruled that the licensee could no longer use the licensed trademarks.

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Burr Forman

JANUARY 7, 2022

Meryl Cowan is a member of the firm’s Labor & Employment group where she represents employers, manufacturers, and companies in all aspects of general employment, labor, and employment discrimination law.

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Collection Industry News

APRIL 13, 2023

New YorkCNN — Bed Bath & Beyond, the store for seemingly everything in your home during the 1990s and 2000s, filed for bankruptcy on Sunday. The company secured a $240 million loan to help fund its operations during bankruptcy. A bankruptcy filing does not necessarily mean that a company is going out of business.

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Burr Forman

JANUARY 7, 2021

Hanna Lahr practices in the firm’s Creditors’ Rights & Bankruptcy group. Hanna’s practice focuses on representing creditors and debtors, both in and out of court, to, among other things, enforce and/or restructure debt obligations, including through the bankruptcy process. Birmingham. Jacksonville.

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Jimerson Firm

MAY 5, 2021

Certain entities facing ongoing financial hardship will chose to seek Chapter 11 or other bankruptcy protection, and while PPP loan and Coronavirus-related EIDL generally are forgivable, exactly how such loan default will be treated through reorganization is the subject of much current litigation and has yet to be fully determined.

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Collection Industry News

AUGUST 1, 2023

For instance, Company X, a manufacturing firm, found itself facing financial difficulties when one of its major clients filed for bankruptcy, leaving them with a substantial amount of unsold machinery and equipment.

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Jimerson Firm

JANUARY 23, 2023

Oftentimes, those personal assets may be greater than the assets of the corporation or business entity, particularly where the business entity is shutting down or facing bankruptcy. Limitation of Liability and Disclaimer of Warranties The credit agreement should include provisions addressing warranties.

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Burr Forman

JANUARY 28, 2021

Edwards, who is both an attorney and certified public accountant, previously served as the Business Division Manager for Honda Manufacturing of Alabama, where she led a variety of business and legal functions in several roles over 17 years. “We BIRMINGHAM, Ala.,

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Manufacturing Bankruptcy Government 40

Public Citizen

JANUARY 18, 2021

Other cases have resulted in “the redesign or recall of a product, a changed hospital procedure, safer law enforcement, a more secure public area, the bankruptcy of a hate group, the protection of sexually-abused children or a cleaner environment.” 

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Manufacturing Bankruptcy 45

Burr Forman

MAY 17, 2021

She has been involved in a variety of mergers and acquisitions with domestic and foreign, public and privately held clients, in the manufacturing, technology, insurance, healthcare, retail and restaurant/hospitality industries.

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Acquisition Manufacturing Healthcare Government 52

The Creditors Rights

JUNE 21, 2016

Section 523(a)(2)(A) of the Bankruptcy Code allows a creditor to obtain a judgment denying its debtor a discharge of debts incurred by false pretenses or actual fraud. Chrysalis Manufacturing Corp. Congress added the term “actual fraud” when it enacted the Bankruptcy Code in 1978. Ritz , 2016 WL 2842452 (2016).

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Creditors Debtor Bankruptcy Manufacturing 40

UK debt collections

JUNE 10, 2022

The latest developments will raise many concerns for textile workers in the UK’s clothes manufacturing capital, Leicester, where many Missguided suppliers are based. Everybody who’s been there a long time has just left because they felt so disheartened and let down.”.

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UK debt collections

SEPTEMBER 21, 2021

Euler Hermes’s forecasts are based on three indicators that can help detect small business insolvency and corporate distress four years before a bankruptcy. Automotive manufacturers and suppliers rank among are among the most exposed, with around 36% within the sector exposed to the risk of insolvency.

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Manufacturing Construction Government Bankruptcy 22

NACM

SEPTEMBER 2, 2022

The manufacturing sector is indicating recession conditions, according to the latest CMI report. Commercial bankruptcy lawyers discuss the latest trends. This week's episode of NACM's Extra Credit podcast hits 3?? major trends in the B2B credit world!1. Hear from Amy Crews Cutts;2. Hear from Sharon Beausoleil;3.

Manufacturing 5

Manufacturing Lawyers Bankruptcy 5

Collection Industry News

SEPTEMBER 29, 2020

Just in Time: New Bankruptcy Relief for Small Businesses. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million of third-party debt is set to expire early 2021. By Jerrold L.

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Bankruptcy Creditors Debtor Lawyers 45

Troutman Sanders

FEBRUARY 8, 2021

Senators Tammy Baldwin, Sheldon Whitehouse, Sherrod Brown, Elizabeth Warren, and Richard Blumenthal introduced the Medical Bankruptcy Fairness Act of 2021. The act would reform the current bankruptcy code due to the COVID-19 pandemic. On February 2, U.S. For more information, click here.

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