Bankruptcy and Restructuring

NewsOK Q&A: Laws allow for various contingencies in dealing with bankrupt companies

From NewsOK / by Paula Burkes Published: April 18, 2017 Click to see full story – Laws allow for various contingencies in dealing with bankrupt companies Click to see Gretchen Latham’s attorney profile Q: Can a lender still do business with a bankrupt company? A: Most generally, yes. When a business files for bankruptcy, the type of case […]

SCOTUS overturns structured bankruptcy dismissal in favor of payment priority rules

“Chapter 11 permits some flexibility, but a court still cannot confirm a plan that contains priority-violating distributions over the objection of an impaired creditor class.” – U.S. Supreme Court Ruling in Czyzewski v. Jevic Holding Corp. A landmark decision handed down last Wednesday from the U.S. Supreme Court reversed a bankruptcy court ruling that approved […]