Bankruptcy Law News and Insights

Why Office Borrowers Should Think Twice Before Handing The Keys To Their Lender(s)

Published: Mar 31, 2023
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We've all read the headlines - real estate owners (big and small) are handing (or considering handing) lenders the "keys" to office buildings. With remote working models in flux and tenants gravitating towards amenitized Class A buildings, office building owners may find few options for older properties with weaker tenant...

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Silicon Valley Bank Closure Updates

Published: Mar 21, 2023
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In a press release published on Friday, March 10, 2023,1 the Federal Deposit Insurance Corporation (FDIC) announced that the California Department of Financial Protection and Innovation had, as of the same date, closed Silicon Valley Bank (SVB) and appointed the FDIC as the receiver. The FDIC immediately created the Deposit Insurance...

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U.S. Supreme Court Disallows Innocent Partner’s Discharge Of Debt From Partner’s Fraud

Published: Mar 15, 2023
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On February 22, 2023, the United States Supreme Court ("the Supreme Court") issued its Opinion in the matter of Bartenwerfer v. Buckley, No. 21-908, LEXIS 943 (Feb. 22, 2023), holding that per 11 U.S.C. § 523(a)(2)(A), a partnership member is not entitled to discharge a debt incurred by the fraud of...

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