Senate Passes Bankruptcy Reform Bill
Jacqueline B. Stuart and Joshua M. Fried of Weil, Gotshal & Manges LLP
This article summarizes the Senate Bankruptcy Reform Bill that was passed in the Senate on February 2, 2000.
It Doesn't Pay to be Ordinary--Recent Developments in Preference Law Under Bankruptcy Code Section 547(c)(2)
Strickland, Christopher of Paul, Hastings, Janofsky & Walker LLP
Few travesties are more unsettling to creditors then the prospect of their account debtor's bankruptcy filing. Visions of minimal distributions on outstanding balances all too often prove a reality for the commercial lender or trade creditor, as members of the group that ultimately must suffer the consequence of our debt relief system.
New Bankruptcy Bill Proposes Sweeping Changes for Creditors and Consumer Debtors
Charles R. Sterbach of Gallagher & Kennedy, P.A.
Once again in 1998, the number of consumer bankruptcy filings will exceed 1,000,000, surpassing the record set last.
Financial Services Report--Fall 1998
Wayne P.J. McArdle and Christopher Sean Strickland of Paul, Hastings, Janofsky & Walker LLP
This Report discusses the Russian financial crisis, and recent developments in preference law under Bankruptcy Code section 547(c)(2).
Are There Any Critical Vendors Left?
Gregory R. Schaaf of Greenebaum Doll & McDonald PLLC
A fundamental rule in bankruptcy proceedings is that prepetition claims are not paid without a plan or separate order of the bankruptcy court. The Bankruptcy Code requires payment in a specified order of priority. In large cases, the plan process could take years, leaving a creditor without recovery for an extended period. Orders allowing payment of prepetition claims prior to the payments approved by a plan are rare. One of these rare possibilities is the request to deem a creditor "critical," usually in a first-day motion.
Revisions to the Bankruptcy Code Imminent
Tydings & Rosenberg LLP
On May 5, 1999, the House of Representatives approved legislation entitled H.R. 833, which, if approved by the Sena.