Bankruptcy and Insolvency News and Analysis – Week Ending July 31, 2015

31 Jul Bankruptcy and Insolvency News and Analysis – Week Ending July 31, 2015

Trends

Fitch: U.S. Consumer Bankruptcies Set to Fall to Eight-Year Low

Bankruptcy Filings Down 12 Percent Since Last June

Sales

Credit Bidding: Not An Absolute Right (And What Does That Mean?)

Avoidance and Recovery

The Fifth Circuit Declares A Mulligan In The Golf Channel “Innocent Transferee” Case

Claims

Tenth Circuit Declares “No Recharacterization Without Justification”

Cross-Border

SDNY Sides with Fifth Circuit and the UNCITRAL Model Law when Granting Recognition to OAS S.A. et al.

OAS S.A. Part II – SDNY Holds That Austrian Financing Subsidiary Has Its Center of Main Interests in Brazil

OAS Chapter 15 decision sheds new light on cross-border insolvency practice, but may add complexity to financial institutions’ global credit risk management