Bankruptcy and Insolvency News and Analysis – Week Ending September 23, 2016

25 Sep Bankruptcy and Insolvency News and Analysis – Week Ending September 23, 2016

Secured Claims

What’s in Your Intercreditor Agreement? For First Lien Lenders, the Devil’s in the Details

Claims Disputes

PEM Entities, LLC v. Province Grande Olde Liberty, LLC: Fourth Circuit Recharacterizes Insider Debt Purchase as Equity

Litigation

Stern Amendments to Bankruptcy Rules

Avoidance And Recovery

Lyondell Decision Opens Door to Actual Fraudulent Conveyance Claims by Lenders in LBOs

Trustee Tests New Tactic in Construction Bankruptcy

“Reasonably Equivalent Value” – – A Path Without Guideposts.

Confirmation

Insider’s Scoop: Judge Sontchi’s Decision to Confirm Horsehead’s Plan Was One of His Honor’s Most Difficult and Closest Calls in Ten Years on the Bench

Post-Confirmation Jurisdiction Is Narrow Following a Bona Fide Reorganization