Bankruptcy and Insolvency News and Analysis – Week Ending January 15, 2016

17 Jan Bankruptcy and Insolvency News and Analysis – Week Ending January 15, 2016

Trends and Legislation

AACER: Pardon the Interruption. . .Bankruptcy Filings Resume Their Decline

Bankruptcy Filings Declined 10 Percent in 2015

2015 Bankruptcy Recap: 46% Increase Fueled By Oil & Gas/Mining Industry – Analysts Predict Further Uptick

Examining Proposed Chapter 11 Reforms Through the Lens of Recent Retail Cases

Post-Petition Operations

Is a “Sound Business Purpose” Always Enough?

Sales

Faced with a Belated Offer for the Debtor’s Assets, Bankruptcy Court Converts the Case to Chapter 7 to Allow a Trustee to Run the Sale Process

Avoidance Actions

PREFERENTIAL TRANSFER LAWSUITS BY NEW BORROWERS/DEBTORS — IS IT GAME OVER ON THE ORDINARY COURSE DEFENSE?

Red Flag Warnings: Ignore Them At Your Peril

UCC Financing Statements: The Ins and Outs of “Authorization”

Claims

Claims Trading Warps the Bankruptcy System

Dismissal

‘Sketchy Activity’ Gets Bankruptcy Case Dismissed

Cross-Border

Regulations, Roadmaps and Recommendations: The Latest Developments in the Harmonisation of Global Insolvency Laws