Chapter 11 bankruptcy continues to be a featured menu item for struggling restaurant chains. According to Bloomberg, TGI Fridays is the latest restaurant chain to contemplate a Chapter 11 bankruptcy filing.
TGI Fridays is...more
As the calendar turns to autumn, the United States Supreme Court (“SCOTUS”) is commencing its new term and preparing to address a monumental issue that will impact chapter 11 law and the mass tort system: the permissibility...more
10/18/2023
/ Balance Sheets ,
Bankruptcy Code ,
Certiorari ,
Chapter 11 ,
Co-Defendants ,
Commercial Bankruptcy ,
Debtors ,
Department of Justice (DOJ) ,
Dischargeable Debts ,
Mass Tort Litigation ,
Non-Consensual Rights ,
Opioid ,
Purdue Pharma ,
Reorganizations ,
SCOTUS ,
Third-Party
The holiday season is typically the most wonderful time of the year for the retail industry. However, for some retailers, the holiday season represents a last-ditch effort to stave off financial difficulties and even...more
Historically, a business (known as a debtor) filed for chapter 11 to restructure its debts owed to creditors through a plan of reorganization. The debtor would receive a discharge of any debts not required to be repaid under...more
In a facilitative mediation, a neutral party serves as a mediator and works with the litigants to reach a settlement. The mediator has no power to rule or bind the parties to a judgment or decision, but rather facilitates a...more
3/11/2021
/ Bankruptcy Court ,
Capital Assets ,
Chapter 11 ,
Chapter 13 ,
Chapter 7 ,
Contested Proceedings ,
Creditors ,
Debtors ,
Disclosure ,
Liquidation ,
Mediation ,
Mediators ,
Reorganizations ,
Settlement