Relativity Bankruptcy Judge Rejects Biggest Objection to Studio Sale
"You are replacing bankruptcy code," he told Jones. "Everything else you say is sophistry." Wiles cited the "very clear language of bankruptcy code," referring to the part that allows a debtor-in-possession to largely exercise business judgment in the …
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The ABI Commission on business bankruptcy reform: the sale of all or
Under Section 363 of the Bankruptcy Code, a bankruptcy court can sell the debtor's assets free of all claims or liens of any nature. There are some exceptions that have become problems, such as claims for underfunded pension liability. But, at bottom …
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Pot businesses in financial trouble face a hazy future
She said she doesn't think there needs to be a specific provision included in the Bankruptcy Code barring marijuana-related filings, as courts have been consistent on keeping these debtors out of bankruptcy. (Courts have largely found that these …
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Bankruptcy can give Puerto Rico the help it needs
A bill that amends the federal bankruptcy code to give Puerto Rico the same kind of access to bankruptcy courts as the 50 states currently sits in the House Judiciary Committee. Critics of the measure, mostly Wall Street bondholders, have lobbied …
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