Searching Content indexed under Insolvency/Bankruptcy/Re-structuring by William Kannel ordered by Published Date Descending.
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First Circuit Rules That "Incorporation By Reference" Of Collateral Description In UCC Financing Statements May Not Perfect Lien
Tolstoy warned that "if you look for perfection, you'll never be content", but Tolstoy wasn't a bankruptcy lawyer.
United States
20 Feb 2019
Checking-In: Chapter 9, Chapter 11 Or Ineligible?
Last week, President Trump unveiled his proposal to fix our nation's aging infrastructure. While the proposal lauded $1.5 trillion in new spending, it only included $200 billion ...
United States
27 Feb 2018
Three Strikes And Recovery Act Is Out
Today's U.S. Supreme Court decision in Commonwealth of Puerto Rico v. Franklin California Tax-Free Trust puts an end to one of Puerto Rico's multi-pronged efforts to deleverage itself.
United States
15 Jun 2016
You Can Lead A Horse To Water, But You Can't Call It An Airplane: Supreme Court Oral Arguments Suggest Puerto Rico's Recovery Act May Recover
•Due to Justice Scalia's death and Justice Alito's recusal, only 7 Justices heard the case and only 4 votes are needed for a majority.
United States
1 Apr 2016
Statutory Liens Vs. Consensual Liens: Why It Matters And When It May Not
While secured creditors are entitled to special rights in bankruptcy, those rights may differ depending on whether creditors have a statutory or consensual lien on their collateral.
United States
29 Mar 2016
Draft Treasury Legislation Would Give Puerto Rico Access To "Super Chapter 9" And Chapter 9 Bankruptcy
A draft of the U.S. Treasury's proposed debt restructuring legislation began circulating earlier today.
United States
7 Mar 2016
Que Certa, Certa: Supreme Court Creates Uncertainty With "Cert" Review Of Puerto Rico Recovery Act
As a result of the Supreme Court's granting of the Commonwealth's petition for a writ of certiorari, eight Justices will hear the case (Justice Alito has recused himself), with oral arguments likely in March, 2016.
United States
10 Dec 2015
First Circuit Hears Oral Arguments On Validity Of Puerto Rico’s Recovery Act
A few reactions to today’s oral arguments before the U.S. Court of Appeals for the First Circuit regarding the validity of Puerto Rico’s Recovery Act...
United States
7 May 2015
Puerto Rico’s Recovery Act Ruled Preempted: What Now?
At the end of "The Candidate", Robert Redford’s title character, having won, famously asks, "What do we do now?"
Puerto Rico
10 Feb 2015
Pennsylvania Amends Act 47 To Give The Commonwealth More Oversight And Its Municipalities Less Time To Reorganize
Pennsylvania’s legislature recently approved House Bill No. 1773, an overhaul to its Municipalities Financial Recovery Act, commonly known as "Act 47." HB 1773 was signed into law by Governor Tom Corbett on October 31, 2014.
United States
11 Nov 2014
PREPA Bondholders Seek Summary Judgment Invalidating Puerto Rico’s Public Corporation Bankruptcy Legislation
Franklin Funds and Oppenheimer Rochester Funds filed a second amended complaint challenging the constitutionality and validity of Puerto Rico's so-called Recovery Act.
Puerto Rico
13 Aug 2014
Puerto Rico And PREPA Seek Dismissal Of Bondholder Challenge To Territory’s Bankruptcy Statute
The Commonwealth of Puerto Rico and the Puerto Rico Electric Power Authority ( PREPA) yesterday filed separate motions to dismiss the federal court complaint filed last month by some PREPA bondholders seeking to invalidate the recently-enacted Puerto Rico Public Corporation Debt Enforcement and Recovery Act.
United States
22 Jul 2014
Recent Legislative Developments In Puerto Rico
Mintz Levin’s Bankruptcy and Public Finance practices have been covering the recent legislative developments in Puerto Rico.
Puerto Rico
14 Jul 2014
Be PREPAred: PREPA Bondholders Greet Puerto Rico’s Bankruptcy Legislation With Federal Lawsuit
On Saturday, June 28, Puerto Rico’s Governor Padilla signed into effect Puerto Rico’s new bankruptcy law for certain revenue bond issuers.
United States
2 Jul 2014
Puerto Rico Poised To Enact Bankruptcy-Like Legislation For Certain Revenue Bond Issuers
Puerto Rico's Governor Alejandro Garcia Padilla introduced debt restructuring legislation which, upon enactment, would provide a judicial debt relief process.
Puerto Rico
26 Jun 2014
Legislative Trial Balloon For Puerto Rico Public Corporation Insolvency Process Attracts Bondholder Attention
Last Tuesday, Puerto Rico sold its much ballyhooed $3.5 billion in non-investment grade general obligation bonds.
United States
18 Mar 2014
Municipal Bankruptcies – Bill Kannel, Member, Bankruptcy, Restructuring & Commercial Law Practice (Video Content)
Bill Kannel discusses the prerequisites for municipalities looking to file Chapter 9 bankruptcy.
United States
17 Sep 2013
Harrisburg City Council Responds To Objections To Chapter 9 Eligibility
As expected the Harrisburg City Council has filed a reply to the numerous objections to the Chapter 9 filing of Harrisburg initiated by the City Council
United States
21 Nov 2011
Objections Filed In Harrisburg Chapter 9 Bankruptcy
As expected a number of objections to the Chapter 9 bankruptcy petition filed by the Harrisburg city council were filed on Friday October 28, the deadline set by the Bankruptcy Court for such objections.
United States
7 Nov 2011
Sales of Not for Profit Assets after The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
Sales of debtors’ assets in bankruptcy proceedings are quite common, either as part of a plan of reorganization or liquidation or pursuant to Bankruptcy Code Section 363.
United States
14 Sep 2005
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