At its recently concluded annual meeting, the Uniform Law Commission (ULC) voted final approval of the Uniform Assignment for Benefit of Creditors Act (“Act”).
Set forth below is a short discussion of “ABCs” as they...more
7/25/2025
/ Assignments ,
Bankruptcy Code ,
Commercial Bankruptcy ,
Commercial Litigation ,
Creditors ,
Debt Restructuring ,
Debtors ,
Insolvency ,
Liquidation ,
New Legislation ,
Restructuring ,
State Legislatures ,
Transparency ,
Uniform Commercial Code (UCC)
Our previous report on the Chapter 11 case of 23andMe discussed the Sale Order entered by the Bankruptcy Court on June 27, which approved the proposed sale of substantially all of the assets of the company. We noted that...more
What happens to sensitive personal information shared by consumers when the company collecting that information encounters financial distress? That exact issue is currently front and center in the Chapter 11 proceedings of...more
5/28/2025
/ 23andMe ,
Bankruptcy Code ,
Chapter 11 ,
Commercial Bankruptcy ,
Consumer Privacy Rights ,
Cybersecurity ,
Data Privacy ,
Data Selling ,
Liquidity ,
Personally Identifiable Information ,
Pharmaceutical Industry ,
Privacy Laws ,
Sensitive Personal Information