Bankruptcy Law Changes: Impact on the Business-for-Sale Market. Click on the link to learn more about the impact. https://bit.ly/3VUgtI5
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If a business faces insurmountable debt, other significant financial distress, or time-consuming and financially-draining litigation, Chapter 11 bankruptcy provides a process for the business to reorganize, restructure, and reduce debt over time, while continuing operations under the protection of the bankruptcy court. Learn more about how Wernick Law can help your business today: https://bit.ly/3Vo6NVZ
Florida Business Bankruptcy Lawyer – Wernick Law
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Small Business Bankruptcy Rules Get Tighter After Subchapter V Law Expires By James Hinds Senator Rand Paul's (R-Ky.) hold on a bill by Senator Dick Durbin has resulted in the expiration of the Subchapter V law, causing a significant impact on small businesses. The debt limits for Subchapter V cases have reverted to the prior $2.7 million threshold from the $7.5 million limit. Subchapter V, a vital tool for distressed small businesses with debts ranging between $2.7 million and $7.5 million, saw widespread use over recent years. Between February 19, 2020, and September 30, 2023, Subchapter V accounted for about 30% of all chapter 11 bankruptcy filings in the U.S. The changes in these bankruptcy rules highlight the evolving landscape for small businesses navigating financial distress. Stay informed on the latest developments in bankruptcy laws to make informed decisions for your business's financial future. #Bankruptcy #SmallBusiness #SubchapterV #FinancialNews
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Bankruptcy Power Unveiled: Real-World Case Studies of Financial Renewal Embarking on the journey of understanding Bankruptcy Power unveils a critical aspect of the American legal system designed to provide individuals and businesses with a pathway out of crippling debt. This powerful legal mechanism, rooted in the U.S. Constitution, empowers those overwhelmed by financial obligations with the means to reset their economic lives. As we delve into the intricacies of bankruptcy law, it becomes clear that this provision is not merely a last resort but a strategic tool for financial rehabilitation and recovery. Bankruptcy Power encompasses a range of legal procedures and provisions that allow debtors to either liquidate assets to pay off debts or reorganize their financial affairs under the protection of the bankruptcy court. This process is aimed at providing a fresh start to honest debtors, while ensuring equitable treatment... #bankruptcyattorney #Bankruptcycasediscussion #Bankruptcylawinsights #BankruptcyPower #Bankruptcyrecoveryplan #Chapter7andChapter13bankruptcy #debtreliefsolutions #DebtRestructuring #Financialfreshstart #Financialrecoverystrategies #financialrehabilitation #Financialstabilityplanning #legalconsultation #Legalexpertiseinbankruptcy #Legalstrategyforbankruptcy
Bankruptcy Power Unveiled: Real-World Case Studies of Financial Renewal
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FIG #Corporate #trusts and cross-border #Restructuring and #Insolvency lawyers Paulette Mastin, Kathleen Garrett, Aaron Javian and Jason Angelo discuss the interesting intersection of English law distressed debt, U.S. bankruptcy proceedings and the century-old Rule in Gibbs in the context of cross-border restructuring. https://lnkd.in/e-qjGfck
Recognition of restructuring proceedings – perspectives from both sides of the pond | Perspectives | Reed Smith LLP
reedsmith.com
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The Senate is considering an extension of the Subchapter V debt sublimit within Chapter 11 bankruptcy filings following the introduction of legislation that would push out the expiration date for the $7.5 million threshold to 2026. https://lnkd.in/e25fiCrH #bankruptcy #chapter11 #subchapterV American Bankruptcy Institute American College of Bankruptcy
Updates to Subchapter V of Bankruptcy Code
https://www.chrislehnes.com
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Founder & CEO at Propel Paralegal Services 🌎| Expert in Virtual Paralegal Services and Bankruptcy 🔥| Empowering Attorneys to Streamline and Scale their Practice💡
📈 U.S. bankruptcy filings have risen by 17% for the first time post-pandemic, signaling a shift as interest rates climb and relief measures end. This trend highlights the need for strategic financial navigation. At Propel Paralegal Services, we understand these challenges. Our virtual bankruptcy paralegals and intake specialists are here to support law firms in managing this increase efficiently. Let us help you streamline your bankruptcy cases and lead callbacks, providing the expertise needed in these changing times. Stay ahead in a shifting economy with Propel Paralegal Services. #BankruptcySupport #VirtualBankruptcyParalegals #PropelParalegalServices #EconomicTrends https://lnkd.in/ebi6vni4
American bankruptcy filings hit first post-pandemic rise
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We can expect more developments to come in cross border recognition in insolvencies and restructures. Knowing the boundaries of the Rule in Gibbs is one element under English law.
FIG #Corporate #trusts and cross-border #Restructuring and #Insolvency lawyers Paulette Mastin, Kathleen Garrett, Aaron Javian and Jason Angelo discuss the interesting intersection of English law distressed debt, U.S. bankruptcy proceedings and the century-old Rule in Gibbs in the context of cross-border restructuring. https://lnkd.in/e-qjGfck
Recognition of restructuring proceedings – perspectives from both sides of the pond | Perspectives | Reed Smith LLP
reedsmith.com
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An article written by my colleagues about trustees selling causes of action that arise from bankruptcy avoidance powers. This is at the intersection of my work in #restructuring and #litigationfinance.
For Sale: Avoidance Actions (Or Are They?)
mcdonaldhopkins.com
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In-depth Pre-Sue & Pre-Litigation reports Our pre-sue report makes it easy to establish if someone is subject to bankruptcy, insolvency, or has County Court Judgments against their name. Our comprehensive pre-sue report serves as a crucial tool to help you establish the financial standing and potential liabilities of an individual before entering into litigation. This report is designed to provide an in-depth view of a person’s financial circumstances, examining key indicators such as bankruptcy status, insolvency proceedings, and any County Court Judgments (CCJs) lodged against their name. By leveraging our pre-sue report, you can gain a clearer picture of the individual in question, which can significantly inform your litigation strategy and decision-making process. Learn more https://lnkd.in/eg-z6-6 #legalservices
Pre-Sue Reports | Pre-litigation Reports
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Over the past decade, I've spent thousands of hours covering hearings before Judge David Jones. He helped turn Houston into a bankruptcy hub, drawing hundreds of large corporate Chapter 11s away from Manhattan and Wilmington. Armies of lawyers and advisors have racked up millions of frequent flier miles en route to the Southern District of Texas, to argue before him. In the courtroom, he was unfailingly smart, thoughtful, and a stickler for rules. I remember when he halted an oil & gas case after a CEO on the stand admitted his insolvent company had an active leak from an offshore well in the Gulf of Mexico. Judge Jones called Austin on speaker phone from the courtroom to get the state's help sending someone to cap it immediately. Another day, my jaw dropped as he railed into a New York lawyer who had maligned opposing counsel in open court without evidence, dressing him down like a drill sergeant and effectively banning him from appearing in Texas again for a year. But most of the time his hearings were a model of efficiency, spiced up with a dash of folksy banter and a clear understanding of how to restructure companies. It's what made him the busiest judge in the country, and it's why we invited him to be our keynote speaker at our Debtwire Restructuring Forum in Miami this December. All of which makes the developments of the past week so shocking, as Judge Jones stepped down from the bench following the opening of an investigation into potential conflicts of interest linked to his personal relationship with a local lawyer. In this in-depth piece, Sara Tapinekis, Patrick Holohan and Ryan Patwell draw on years of history covering cases before Judge Jones, and reams of stats pulled from Debtwire's Restructuring Database, to show just how big a bombshell this is, and what it could mean for both the cases that were pending before him, and the long list of past cases he handled that will now be given a fresh look.
Resignation of Texas bankruptcy judge David R Jones raises potential for vacatin...
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