United States: Bankruptcy Group Explores Fee Defense Litigation Post-Asarco

"Nortel demonstrates that, even after Asarco, courts might allow fees and expenses for defending fee applications where recovery is based on contractual or applicable non-bankruptcy law rather than express statutory authority under the Bankruptcy Code ...

D&O Insurer Off The Hook In Capitol Bancorp Suit: 6th Circ.

Circuit Judge Bernice Donald dissented, arguing that the decision went against some of the fundamental principles of bankruptcy law and would discourage companies from debtor-in-possession plans, instead sending them down the more expensive and ...

IRS Ignores Appeals Court Decision; Continues Paying "Child Tax Credits" to Illegal Aliens

In any event, those decisions now have little bearing on the question at hand because the U.S. Court of Appeals for the Eight Circuit subsequently decided that, for purposes of bankruptcy law, the refundable child care credit is a "public assistance ...

RBI, Banks And NPAs - First, Reform India's Bankruptcy Code, Then Force Defaulters Into It

We've now a bankruptcy law that allows for the dissolution of a company that cannot meet its debts. And we've also got the RBI, from the other side, insisting that the banks force through a resolution of those who are not paying their debts.

Sleet Nixes Wrongful Termination Claim in Tribune Media Bankruptcy

In a decision that avoided a "murky" issue of bankruptcy law, the U.S. District Court for the District of Delaware ruled that a former intern at a Philadelphia news station cannot pursue a $75,000 claim for wrongful termination in Tribune Media Co.