Neil Herman on Asset Sales in Retail Industry Chapter 11 Bankruptcy Cases

In this Emerging Issues commentary, Neil E. Herman, a partner in the Bankruptcy and Financial Restructuring Practice of Morgan, Lewis & Bockius LLP, explains how asset sales play a significant role in nearly every retail bankruptcy case. A variety of asset sale issues that are common in bankruptcy...

Snyder Says Detroit Won't Sell Art Assets

Michigan Gov. Rick Snyder (R) said the state has no plans to sell any artwork from the Detroit Institute of Art as part of the city's Chapter 9 bankruptcy filing. Speculation has been rampant for months that pieces from the museum collection would be sold. Fears ramped up further last week after...