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Did you know that Practical Guidance contains links to select Collier publications, including Collier Lending Institutions & Bankruptcy Code? Practical Guidance Bankruptcy provides links to key sections of this publication in related content, e.g...

With the increasing number of bankruptcies being filed in the United States, you can also expect an increase in the number of Chapter 15 bankruptcy proceedings. Chapter 15 provides a U.S. Bankruptcy Court with the authority to recognize, either as a foreign...

It seems like mega bankruptcy cases are being filed on a daily basis. Stay aware of those cases by using this mega bankruptcy tracker, which provides pertinent information for notable mega bankruptcy cases, including a debtor’s reasons for filing...

Be sure to watch this practice video on the Chapter 13 co-debtor stay. The co-debtor stay extends the protections of the automatic stay to co-debtors in certain circumstances, even if the co-debtor did not file bankruptcy. Thus, the purpose of the co...

Don’t miss the deadline for protecting your client’s claim in bankruptcy! Filing a proof of claim before the bar date is essential. This video highlights the process to file a proof of claim, what should be included in the proof of claim,...

Make sure you have a checklist in hand when drafting and/or reviewing an indenture or credit agreement containing provisions that ensure a lender receives the full amount of income it bargained for, or compensation for the lost amounts if the borrower...

Are you looking to get up to speed on bankruptcy law? The number of bankruptcy filings is rising and expected to continue to increase during 2022 and beyond. Make sure you understand the basics of Chapter 11, including all aspects of a filing a Chapter...

You represent a secured creditor in a Chapter 11 case. Check out this expertly drafted practice note that discusses the position that a secured lender, as the often-sole beneficiary of the Chapter 11 process and Section 363 sale, should at least pay the...

Your client list includes international companies that are experiencing distress in the current market. You need to keep up to date on Chapter 15 legal developments in case one of your clients needs to file a foreign insolvency proceeding. Check out this...

LexisNexis® publishes the highly regarded Collier on Bankruptcy and other Collier bankruptcy-related treatises. Collier, as the leading treatise on bankruptcy, is essential for bankruptcy practitioners. Practical Guidance Bankruptcy provides links...

You represent a Chapter 11 debtor that wants to sell its property free and clear of its tenant’s possessory interest. The tenant wants to retain its rights for the rest of the lease. You need to figure out whether the debtor can extinguish the rights...

You are watching your favorite true-crime documentary and you notice the detective used a notepad with a checklist of items to investigate. As creditors’ committee counsel, you don’t need to write a checklist in a notepad. You can simply use...

On April 7, 2022, the United States Senate passed the Bankruptcy Threshold Adjustment and Technical Corrections Act. If passed into law, it would restore the debt limit for Subchapter V cases back to $7.5 million (as the $7.5 million debt limit lapsed...

Did you know that several mega Chapter 11 bankruptcy filings have already been filed in 2022? Just last week, GWG Holdings, Inc. and certain of its subsidiaries filed mega Chapter 11 bankruptcy cases in the United States Bankruptcy Court for the Southern...

By: Ira L. Herman , Thompson & Knight LLP The price of crude oil, like the price of virtually all commodities, moves up in times of high demand and down in times of excess capacity. When a mismatch exists between supply and demand, the markets are...

By: Cameron Kinvig LEXIS PRACTICE ADVISOR RESEARCH PATH: Financial Restructuring & Bankruptcy > Identifying Bankruptcy Risk > Oil and Gas Agreements > Practice Notes With oil prices at multi-year lows, the upstream oil and gas industry...

By: Ira L. Herman , Blank Rome, LLP The Statutory Predicate for Recharacterization To increase their share of a finite bankruptcy pie, creditors, debtors and other parties in interest in a case will seek to reduce or eliminate competing claims. This...

By: Mark Haut , Lexis Practice Advisor This article provides general guidance for counsel retained to represent a party in interest in a bankruptcy proceeding. Bankruptcy cases involve myriad issues so coverage in this article is limited to certain...

By: Daniel G. Egan , Ropes & Gray LLP with updates by the Lexis Practice Advisor Attorney Team As the Coronavirus pandemic continues to impact our economy, many companies will need to consider whether to pursue a loan workout. This article examines...

Your client asks you to draft a true sale opinion. You don’t know where to start but then you remember that Practical Guidance has a detailed form with explanations. READ NOW » Related Content Non-Consolidation Opinion Use this form...

You represent a company that is in financial distress, and you need to help your client evaluate its options, including whether to file a prepackaged bankruptcy. READ NOW » Related Content Commencing a Prepackaged Bankruptcy Proceeding Read...

On March 31, 2022, Ruby Pipeline, L.L.C. filed a bankruptcy petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The debtor is a midstream service provider and acts as a transporter...

You need to prepare your client for the Section 341 meeting of creditors. Check out this video discussing key components in preparing for a Section 341 meeting of creditors. READ NOW » Related Content Section 341 Meeting Preparation (Chapter...

Trustees play a vital role in most bankruptcy cases. Depending on the case, trustees may be appointed, elected, removed, terminated, or discharged. A trustee's responsibilities range from monitoring and supervising a debtor to taking control of a...

Your client received a letter demanding the return of millions in alleged preference payments. You need to reassure your client about the multitude of potential preference defenses. READ NOW » Related Content Preferences Review this practice...