Bankruptcy Law News and Insights

The COVID-19 pandemic has affected one of the underpinnings of the relationship between a property owner and a commercial tenant that seeks Chapter 11 protection. Section 365(d)(3) of the Bankruptcy Code requires the commercial tenant to pay rent on a timely basis during the post-filing period unless and until its...

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Many small businesses are facing financial challenges; some because of long-standing issues, others as a result of the sudden impact of COVID-19.  Survival in many cases will require negotiating with lenders, trade creditors, landlords, and employees with out-of-court restructurings.  Others, however, will need the protections and tools provided under the...

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May 21, 2020 - The firm secured another favorable result for the litigation trustee of Sears Canada in his pursuit of clawback claims against the Canadian retail chain's parent company and shareholders in Chapter 11 proceedings. On April 23, U.S. Bankruptcy Judge Robert Drain approved a $154 million settlement between Sears...

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