BANKRUPTCY AND INSOLVENCY NEWS AND ANALYSIS – WEEK ENDING AUGUST 6, 2021

Trends and Legislative Developments

Bankruptcy Filings Plunged to Lowest Number Since 1985

Week Ahead in Bankruptcy: Aug. 2, 2021

Out-of-Court

Distressed companies open the liability toolbox to avoid full-blown bankruptcies

Case Commencement

Bankruptcy Blocking Rights – The Saga Continues

Reorganization

An Example Of Subchapter V Accomplishing Its Purpose (In re Chip’s)

Avoidance and Recovery

Critical Vendor Order Insufficient to Protect Critical Vendors Against Preference Claims

Creative Solutions to Creditor Committee Standing Issues Continue to Emerge in Bankruptcy Court

Executory Contracts

Opinion of Interest – In re Dura Automotive Systems, LLC: Delaware Bankruptcy Court Affirms Inability to “Impliedly” Assume Executory Contracts

Cross-Border

Alpha Latam Management, LLC and its Colombian Affiliates File Chapter 11 to Facilitate Sale of Colombian Assets