With rising interest rates, one strategy a debtor can pursue as part of a reorganization is to reinstate a defaulted loan that has a below market rate. As the bankruptcy court for the Southern District of New York recently...more
In PML Development, LLC v. Village of Hawthorn Woods, 2023 IL 128770 (Ill. 2023), the Illinois Supreme Court expressly adopted the partial breach doctrine, which provides that where a party chooses to continue with a contract...more