In what appears to be the first case applying the Small Business Reorganization Act (SBRA), on February 21, 2020, a Central District of California bankruptcy court (In re Progressive Solutions, Inc., Case No. 8:18-bk-14277-SC) held that an existing c…
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1. THE SUBCHAPTER 5 ELECTION. Chapter 11 now contains a “Subchapter 5” which applies only to “small business debtors” that make a so-called “Subchapter 5” election. See 11 U.S.C. §§ 1181-1195. Absent such an election, the small business…
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We just posted a copy of the agenda for the next omnibus hearing in the Mack Industries case, which takes place on February 19, 2020, at 10:45 a.m. Click here to go to our Mack Industries page.
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According to Bloomberg, the Sears Holding bankruptcy estate estimates that they have filed or will be filing approximately 2000 preference recovery suits against vendors to claw-back payments made within 90 days of bankruptcy. It is further reported…
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We just posted a copy of the agenda for the upcoming Omnibus Hearing on the Mack Industries avoidance actions filed by our office. The next hearing will take place on January 15, 2020, at 10:45 a.m. Click here for to go to our Mack Industries page.
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We just posted a copy of the agenda for the upcoming Omnibus Hearing on the Mack Industries avoidance actions filed by our office. The next hearing will take place on December 18, 2019, at 10:45 a.m. Click here for to go to our Mack Industries page.
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We just posted a copy of the agenda for the upcoming Omnibus Hearing on the Mack Industries avoidance actions filed by our office. The next hearing will take place on November 20, 2019. Click here for to go to our Mack Industries page.
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We just posted a copy of the agenda for the upcoming Omnibus Hearing on the Mack Industries avoidance actions filed by our office. The next hearing will take place on October 16, 2019. Click here for to go to our Mack Industries page.
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According to the ABI’s Rochelle Daily Wire, a parent who cosigned a student loan for a child cannot separately classify the loan and pay it in full under a chapter 13 plan. Before filing, the debtor-mother cosigned a 15,000 student loan to fina…
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As discussed in a previous post, on Friday, the Small Business Reorganization Act was signed into law and will take effect in 180 days. The new law, which FactorLaw will further summarize in future blog posts, adds a new subchapter to the Bankruptcy…
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