GOP looks to re-write bankruptcy rules for banks
A House Judiciary subcommittee is set to examine newly-reintroduced legislation this week that would create a new section of the bankruptcy code to safely shut down failed big banks. The legislation will be introduced by Rep. Dave Trott, R-Mich., and …
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Third Circuit permits the use of structured dismissals that deviate from the
In a case of first impression, the Third Circuit held that bankruptcy courts are permitted to use structured dismissals, and in rare instances, may be justified in approving structured dismissals that do not strictly adhere to the Bankruptcy Code's …
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How Baker Botts Fee Ruling Will Impact Bankruptcy Practice
In a decision that has already prompted much discussion and debate amongst the bankruptcy bar, the U.S. Supreme Court held in Baker Botts LLP v. Asarco LLC that under Section 330(a)(1) of the Bankruptcy Code, estate professionals are not entitled to …
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