Bankruptcy And Insolvency News And Analysis – Week Ending November 22, 2019

25 Nov Bankruptcy And Insolvency News And Analysis – Week Ending November 22, 2019

Trends and Legislative Developments

Farming Industry Faces Rising Bankruptcy Filings

Chapter 11s filed by companies with more than $100 million in liabilities are at a 4-year high, up 30% from 2018

Nearly one-quarter of 2019’s healthcare chapter 11s have been filed by businesses based in Texas. Excluding pharma/biotech companies, this number jumps to nearly one-third

Bankruptcy filings by Pittsburgh businesses surge 35% in 3Q

Secured Claims

Presumption of Filed Claim’s Validity and Amount Does Not Apply in Proceeding to Determine Secured Amount of Claim

What Happens When the Waterfall Dries Up?

Avoidance and Recovery

First Circuit: Only the Trustee may Pursue Causes of Action Against Ponzi Scheme Net Winners

Confirmation

Chapter 11 Plan Support Agreements: Greasing the Wheels for Confirmation Success

Cross-Border

Enforcement of an Insolvency-Related Judgment Does Not Require Recognition under Chapter 15

Court Decision Discusses the Barton Doctrine and the Automatic Stay in Chapter 15