BANKRUPTCY AND INSOLVENCY NEWS AND ANALYSIS – WEEK ENDING May 12, 2023

Trends and Legislative Developments

Repeat Bankruptcies Are Piling Up at Fastest Rate Since 2009

Chapter 11 bankruptcy filings ‘increasing slowly but gradually’

US corporate bankruptcies at highest level since 2010

April adds 54 more US corporate bankruptcies; 2023 filings highest since 2010

Out-of-Court

Toolbox for Managing Your Financially Troubled Customers

Secured Claims

Cattle as collateral complicates Minnesota bankruptcy case

Unsecured Claims

Don’t Forget! – the Importance of Filing Proofs of Claim

Executory Contracts

No Cutting the (Priority) Line!: Incidental Beneficiaries to Assumed Contracts and Leases Cannot Assert Cure Claims Against Debtors