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Supreme Court: No Nonconsensual Nondebtor Releases in Bankruptcy

In Harrington v. Purdue Pharma L.P. et al., the U.S. Supreme Court held that nonconsensual releases of third-party claims against nondebtors are not authorized under the Bankruptcy Code, resolving a longstanding circuit...more

CARES Act Temporarily Increases Debt Limit for Small Business Debtors, Creating Potential for Wave of Reorganization Cases

The measures adopted across the United States to stop the spread of COVID-19 have substantially impacted small businesses, with even thriving businesses facing a temporary but steep decline in, or in many instances loss of...more

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