March 2021
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Bankruptcy - Industry Insights
The Apex Court Sides with Creditors for Holding Property in Bankruptcy case
The USA has completed one year in the first quarter of 2021 since the national business shutdown due...
Eleventh Circuit Favors Debtor’s Claims of Thirteenth Amendment Violation
In general, debtors in bankruptcy case do not raise allegations of involuntary servitude and a violation...
The Third Circuit of Appeals resolves the Issue of Subordination Agreement Enforcement and Non-Consensual Cramdown Plan
In a remarkable judgment, the Third Circuit of Appeals In Re Tribune Co., allowed the enforcement of subordination...
Lehman Brothers Holdings Inc. Floods its Mortgage Brokers with New Wave of Lawsuits
Recently, the Lehman Brothers Holding Inc. (“LBHI”) flooded its borrowers with numerous lawsuits. It has filed...
New Legislation to Protect Small Businesses from Eviction and Foreclosure Due to COVID-19
On March 9, 2021, the government of New York signed the COVID-19 Emergency Protect Our Small Business...
Purdue Proposes Bankruptcy Plan for Settlement in Opioid Litigation with Sacklers to contribute $4.3 Billion
In the latest development in the Opioid litigation, the Purdue Pharma LP filed a bankruptcy plan on...
Ryan Turner Investments, LLC v. Jackson Durham: District Court, Tennessee Terminates Bankruptcy Proceeding to Allow Debtor to Avail PPP Loan
It is an established fact that a debtor, undergoing bankruptcy proceeding cannot avail a Paycheck Protection...
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