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P. Anker, C. Goldblatt, G. Shuster, J. Sigel
Terminal Valuation: Will the Seventh Circuit Decision on Valuation of United Airlines Bond Collateral Bring Closure to Recharacterization Litigation?

The Seventh Circuit's decision to reverse a ruling on valuation made by the Northern District of Illinois District Court regarding collateral for United Airlines bonds is an interesting one in its own right, for its approach to valuing collateral...

K Bachman-K Barnett-B Loveland-N Manzer-G Shuster
The Treatment of "Stub Rent" in the Goody's and Stone Barn Retail Apparel Bankruptcies

Two recent decisions in retail apparel bankruptcy cases, in Delaware and New York, highlight the ongoing uncertainty regarding "stub rent". While the ultimate financial outcomes for the landlords in the two cases are similar, the different approaches...

Steve Jakubowski
Treatment of IP Licenses in Bankruptcy: Advance Preview of My PLI Seminar Outline

The best thing about tight deadlines is the moment they finally come to an end. My latest race against time was to complete this 50 page outline (including appendices) for a Practicing Law Institute (PLI) presentation, entitled Treatment of IP Licenses...

John D. Sigel & George W. Shuster, Jr.
Debtor Against Debtor: Limits on the Discharge of Claims by One Bankruptcy Estate Against Another

As corporate bankruptcy filings increase, one debtor corporation is more likely to find that it has claims against another unaffiliated debtor corporation. The US Bankruptcy Code is generally not drafted with this situation in mind, and questions may...

Linda Swartz
New Revenue Procedure 2009-37 and the Cancellation of Indebtedness Income Deferral Under I.R.C. Section 108(i)

NOTE: The links below may be accessed by lexis.com subscribers. Non-subscribers may obtain research packages by the day, week, or month at lexisONE In 2009 Congress enacted I.R.C. Section 108(i), which permits a taxpayer to defer recognition of COD...

LexisNexis Bankruptcy Law Community Staff
Schwab v. Reilly, 2008 U.S. App. LEXIS 15395, 534 F.3d 173 (3rd Cir., July 21, 2008) (S. Ct. oral argument: 11/3/09)