Chapter 11 Filings Continue To Soar For Retailers; Healthcare May Be Next

Category: Bankruptcy Law
Published: Friday, 12 May 2017
Latham & Watkins LLP claimed the top spot for bankruptcy law firms by volume, with $19.9 billion in liabilities. Skadden, Arps, Slate, Meagher & Flom LLP followed, with $16.5 billion in liabilities.

Farms exceed Chapter 12 bankruptcy debt

Category: Bankruptcy Law
Published: Thursday, 11 May 2017
Joseph Peiffer, who has practiced bankruptcy law in Cedar Rapids, since 1985, said more than half of the farmers coming into his office during the past two years did not qualify for a Chapter 12 bankruptcy because they had aggregate debts in excess of ...

David Bergstein's $50 Million Trial Win Reversed by Appeals Court

Category: Bankruptcy Law
Published: Wednesday, 10 May 2017
On appeal, Tregub argued that the trial court lacked subject matter jurisdiction because the claims were preempted by federal bankruptcy law. An appeals court rejects this argument, but comes to a different framework whereby reversal is warranted.

$45 Million Punitives in Wrongful Foreclosure/Automatic Stay Case

Category: Bankruptcy Law
Published: Tuesday, 09 May 2017
The borrowers sued in state court for wrongful foreclosure, but the state appellate court found that their damages caused by the violation of the automatic stay were preempted by federal bankruptcy law. Accordingly, the borrowers filed an adversary ...