SOUTHBAY LAW FIRM – INDUSTRY NEWS – WEEK ENDING August 24, 2024

Trends and Legislative Developments

Startups Are Booming — but So Are Bankruptcies

Venture-Backed Startups Going Bankrupt at Alarming Rate

Kirkland Is Increasingly Turning to NJ for Huge Chapter 11 Bankruptcies. Will Other Big Law Follow?

Healthcare bankruptcies slow after reaching five-year high in 2023: report

Case Commencement

Distressed M&A: Surprises All Around Following a Creditor’s Enforcement of a Pledge to Effect Change of Control

Sales

Do “Champerty” Laws Impair § 363 Sales of Estate Claims? (Crabtree v. Allstate)

Reorganization

Southern District of Texas Bankruptcy Court Confirms That Opt-Out Procedures Provide Consent for Third-Party Releases

Secured Claims

Coming to a Cash-Strapped Company Near You: Creditor-on-Creditor Violence

The Perils of Over-Lawyering in Bankruptcy