- Posts by James C. Brand
ShareholderJames represents and advises commercial lenders, businesses, and buyers in the areas of debt finance, distressed asset sales, bankruptcy, secured transactions, corporate restructuring, foreclosure of security interests and ...
A recent Third Circuit case highlights how even a single overlooked prior representation can lead a court to question counsel’s compliance with Bankruptcy Rule 2014. This case, In re Black Diamond Energy, provides an excellent reminder to lawyers that Rule 2014 requires not just truthful disclosures but also a reasonably diligent inquiry supported by reliable internal systems.
Effective July 1, 2024, the applicable dollar amounts of certain Minnesota exemptions were increased, and effective August 1, 2024, Minnesota implemented significant changes to its exemptions.
A Florida bankruptcy court recently approved the first known Prepack Subchapter V plan. Can Prepacks work in Subchapter V? And what issues should practitioners be aware of?
When a business owner files an individual bankruptcy case, courts disagree on whether the owner’s personal guarantees of the business debt are discharged. A Wisconsin district court recently addressed this issue. What practical pointers can practitioners take from this recent decision and the rulings of other courts?
The Ninth Circuit Bankruptcy Appellate Panel recently applied a totality of the circumstances test to determine what types of activities satisfy the core or historical operations requirement for debtors that are no longer operating.
Senator Elizabeth Warren recently introduced a bill that would dramatically reshape the private equity industry and create new tools and protections for creditors.
A recent case provides ten elements that courts and professionals may use to determine if vendors should receive critical vendor payments.
As Chapter 11 debtors have grappled with the SBA’s surprising anti-debtor stance, a promising strategy has emerged. This strategy does not make sense for every Chapter 11 debtor, but for those Chapter 11 debtors that need additional liquidity and otherwise qualify for a PPP loan, quick action may be necessary.
A recent Eighth Circuit decision protected an important aspect of the Chapter 11 process, the sale of substantially all of the assets of a debtor, while also providing two key practice pointers for estate professionals when conducting a sale process.
In a recent decision, a gardening supply store was denied bankruptcy protection due to its business model, which targeted marijuana growers in states that have legalized its use.
In a new development to receivership law, the Minnesota Court of Appeals affirmed a receiver’s power to pursue a creditor’s “veil piercing” claims against insiders of the company in receivership, and blocked the creditor from pursuing those same claims after the receivership ended.
The choice of a chapter 11 operating trustee can provoke a fight. Follow this guide for a smooth path through the process of displacing an interim chapter 11 trustee or challenging an election.