In this legal alert, we highlight an often overlooked strategy for maximizing sale proceeds of a distressed business: a Chapter 11 bankruptcy sale pursuant to section 363 of the Bankruptcy Code.
Purdue Pharma LP’s years-in-the-making bankruptcy plan and multibillion-dollar settlement with the drugmaker’s Sackler family ...
Purdue Pharma said Friday that the U.S. Bankruptcy Court for the Southern District of New York has indicated it intends to ...
When a company files for bankruptcy, it gets a chance to reorganize its finances and work with creditors, vendors, and ...
The Stephan Co., a Florida-based distributor of barber, personal care, and beauty products, filed for bankruptcy to readjust ...
The court ruled that giving some lenders exclusive benefits without market testing violates bankruptcy rules on equal treatment. This impacts how lenders and investors should approach distressed ...
On March 14, 2023, Judge Ashely M. Chan of the U.S. Bankruptcy Court for the Eastern District of Pennsylvania (the “Court”) ruled that the City of Chester, Pennsylvania (the “City” or “Chester”) was ...
New legislation would weaken protections in chapter 11 for organizations that filed for bankruptcy to address sex abuse claims. The bipartisan measure introduced Thursday by Rep. Deborah Ross (D., N.C ...
Clearside Biomedical, Inc., an Alpharetta-based biopharmaceutical company, applied for bankruptcy due to an increasing gap ...
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