Passage Of Bankruptcy Threshold Adjustment And Technical Corrections Act

Congress has made some small but important changes to the Bankruptcy Code through its enactment of the Bankruptcy Threshold Adjustment and Technical Corrections Act (the “Act”) on June 21, 2022. The most important of these are the increases in the debt limits for debtors under chapter 13 and under the Small Business Reorganization Act (the “SBRA”)—increases that will continue for at least two years.

First, the Act reinstates the debt limit for debtors to qualify […]

By | July 3rd, 2022 ||

Third-Party Releases In Mahwah Bergen’s Chapter 11 Plan Held To Be Unenforceable

In a recent decision, Judge David Novak of the US District Court for the Eastern District of Virginia vacated the Chapter 11 plan confirmation order entered by the bankruptcy court in the Mahwah Bergen Retail Group (formerly known as Ascena Retail Group) case, holding that the plan’s non-consensual third-party releases were unenforceable.1 The ruling arrived shortly after an opinion issued by the US District Court for the Southern District of New York in the Purdue […]

By | May 27th, 2022 ||

Pryor Cashman A Leading Firm In April 2022 Restructuring Advisory Mandates Report

Debtwire published its April 2022 Restructuring Advisory Mandates Report, tracking new representations in corporate reorganizations, and Pryor Cashman is listed among the most frequently appointed firms.

The report puts Pryor in the top 10 for lead counsel mandates for the month, and in the top 15 so far in 2022. The firm is also listed as No. 6 in the Bond/Loan category.

Read the full Debtwire report using the link below.

Resources

[Debtwire] April 2022 Restructuring Advisory Mandates Report

By | May 11th, 2022 ||