Bankruptcy and Insolvency News and Analysis – Week Ending February 19, 2016

19 Feb Bankruptcy and Insolvency News and Analysis – Week Ending February 19, 2016

Trends

The Altman Z-Score In Edward Altman’s Own Words

Notable Plan Confirmations or Exits From Bankruptcy in 2015

House Panel Approves Financial Institution Bankruptcy Act

Recent Developments: 2016 Lookback Period – Six Weeks (Part 1)

Recent Developments: 2016 Lookback Period – Six Weeks (Part 2)

Insolvency Planning

The Venture-Backed Company Running Out Of Cash: Fiduciary Duties And Wind Down Options

Claims

The Role of Claims Trading in Bankruptcy

Avoidance and Recovery

Turning A Blind Eye Cost Lender Hundreds Of Millions Of Dollars; Inquiry Notice Spoils Lender’s Good Faith Defense In Fraudulent Transfer Case

Reorganization

SIXTH CIRCUIT AFFIRMS REJECTION OF BAD FAITH CHAPTER 11 PLAN

Creditor Not an ‘Insider’; Can Vote on Ch. 11 Plan

Ninth Circuit Issues Controversial Opinion Limiting Insider Status for Purposes of Voting on a Chapter 11 Plan of Reorganization

Extinguishment of Liens Through a Plan of Reorganization

Of Interest: Bankruptcy Court Has Equitable Power to Award Postpetition Interest to Unsecured Creditors Under Cramdown Chapter 11 Plan

California Bankruptcy Court Holds Debtor Cannot Argue Real Property Had Lower Value Than What Was Attributed to Debtor’s Schedules and Sworn Testimony

Cross-Border

In re Lyondell: Section 548 Avoidance Power Can Reach Foreign Transfers

Perspective: How to Strategize a Cross-Border Asset Recovery Investigation