Bankruptcy Law News and Insights

Top 10 Changes To Consumer Bankruptcy Proposed In The Consumer Bankruptcy Reform Act Of 2020

Published: Jun 13, 2021
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On December 9, 2020, Congressional Democrats, including Elizabeth Warren (D-Mass.) and Jerrold Nadler (D-N.Y.), proposed sweeping legislation that would overhaul consumer bankruptcy law. The proposed changes generally make it easier for consumers to access the bankruptcy system and discharge their debts. Below is a discussion of 10 critical changes proposed...

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Tax 2020: Developments Affecting Financial Restructurings

Published: Jun 11, 2021
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Key Points Joint and Several Liability Notices for Directors of Insolvent Companies HMRC Preferred Creditor Status DAC6 Updates to HMRC Guidance Relating to Company Residence and Permanent Establishments in Response to COVID-19 Updates to U.K. Anti-hybrid Rules Brexit and the U.K. as a Holding Company Jurisdiction Increasing Emphasis on Economic...

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E Pluribus Unum Or Ex Uno Plures? Attempted ABS Master Lease Rejection In The Hertz Bankruptcy

Published: Jun 09, 2021
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Since filing for Chapter 11 in May 2020, Hertz and its major stakeholders have been in negotiations and, at times, disputes over how best to reduce Hertz's nearly half-a-million vehicle fleet. These negotiations and disputes have caught the eye of investors in asset-backed securities ("ABS") and market watchers alike, as...

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