Two 3rd Circuit courts issue recent decisions that significantly impact trade creditor claims in bankruptcy -
When the Bankruptcy Code was amended in 2005, Congress included a new protection for trade creditors who sell...more
In order to confirm a chapter 11 plan, at least one class of creditors whose claims are “impaired” must accept the plan. The concept of “impairment” is very broad. Under the Bankruptcy Code, a class of claims is impaired...more