The US Supreme Court
has long taught the importance of certain canons of interpretation unique to
bankruptcy law, the more significant ones being:
Fresh-Start Policy : A primary purpose of
bankruptcy is to relieve the debtor "from...
The phrase "bad boys" is one that conjures up a multitude
of contradictory connotations. In sports, the Detroit
Pistons wore the moniker proudly as they pummeled their way to consecutive
NBA championships. Those bad boys, however, are long...
A 7 th Circuit opinion authored by Chief Judge
Easterbrook last week had me again looking across the street at 203 North
LaSalle and wondering whether the US Supreme Court will ever finally decide
whether there is a "new value" exception...
As I noted three years ago in my " What's
Bothering Ruthie ? " post on Justice Ginsburg's one-liner that
stopped the Chrysler sale dead in its tracks, today's Supreme Court oral
argument in RadLAX Gateway Hotel, LLC v. Amalgamated...
Chicago bankruptcy professionals descended on the
US Supreme Court to catch the final chapter in the RadLAX bankruptcy saga,
one that had a remarkably swift journey to the highest court of the
land. The case started as the neglected stepchild of Amalgamated...
Eastman Kodak Company's bankruptcy is another in a string
of recent chapter 11 filings by established brand names that lack a clear exit
strategy (others are Borders ,
... Europe !).
So much for the " end
As noted in Steve Mufson's excellent
summary in today's Washington Post (made all the more excellent by having
quoted me!), the iconic Hostess Brands fell into bankruptcy yesterday. As
with every bankruptcy case, the best summary is found in...