Recent SDNY cases support using opt-out procedures for third-party releases in Chapter 11, aligning with courts that see silence or inaction as consent under federal law. The Supreme Court’s Purdue ...
Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...
Opinion: Congress and the courts must reform the bankruptcy system to bring it in line with trauma science, basic fairness, ...
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