Debtors frequently transfer assets to foreign transferees....
Los Angeles Lawyer Magazine, December 2013 edition by David S. Kupetz The entitlement of creditors’ claims to distribution ahead of holders of equity interests in the debtor is inherent in the Bankruptcy Code. Treating an equity investor on a par with unsecured creditors disregards the principles underlying the absolute priority rule in a manner that undermines this basic bankruptcy concept. Consequently, the similar, and …
With the Judge presiding over Detroit’s chapter 9 case ruling on December 3, as expected, that Detroit is eligible for bankruptcy relief, I thought it might be a good idea to share materials I have written about Chapter 9. CLICK HERE TO ACCESS CHAPTER 9 FOCUSED ARTICLES AND WEBCAST RECORDING