Investopedia

Bankruptcy: What It Is, How It Works, and Types

Christian Allred has been a professional writer since 2020. He's written for some of the industry’s top brands and publications, including Rocket Mortgage, PropStream, Propmodo, and CRE Daily.

Understanding Liquidation: Process, Implications, and Examples

Liquidation ends a business and distributes assets to claimants when insolvency occurs. Learn how it works, asset ...
JD Supra

Second Circuit: Bankruptcy Code's Lease Assumption and Assignment Provisions Apply Only to "True Leases"

A bankruptcy trustee or DIP generally has the right to "assume" (reaffirm) or "reject" (disavow, resulting in breach) unexpired leases under section 365(a) of the Bankruptcy Code. 11 U.S.C. § 365(a).
LawBeat

IBC Section 7 Explained: Supreme Court Says Simultaneous Proceedings Against Corporate Debtor and Guarantor Permissible

The Supreme Court reiterates coextensive liability under Section 7 of Insolvency and Bankruptcy Code; declines to frame ...
JD Supra

Breaking New Ground: Second Circuit Rules that Bankruptcy Code's Securities Transactions Safe Harbor Bars Foreign Common-Law Claims in Chapter 15 Case

U.S. Bankruptcy and appellate courts have long wrangled over whether the provisions of the Bankruptcy Code apply extraterritorially to permit, for example, enforcement of the automatic stay to ...