SOUTHBAY LAW FIRM – INDUSTRY NEWS – WEEK ENDING February 9, 2025

Bankruptcy Research:

The Role of Bankruptcy Law in the U.S. Legal System

Bankruptcy Statistics:

Bankruptcy Filings Rise 14.2 Percent

January Chapter 11 Commercial Filings Increase 16 Percent Over Last Year

Cross-Border:

Florida Bankruptcy Court Refuses to Recognize Pre-Judgment Asset Freeze Order of Brazilian Bankruptcy Court as Being Manifestly Contrary to U.S. Public Policy

Filing of Adversary Proceeding Against Chapter 15 Debtor Violated Automatic Stay, and “Home Court” Rule Does Not Apply in Chapter 15 Cases

Ninth Circuit: Reversal on Appeal of Order Denying Chapter 15 Recognition Does Not Retroactively Trigger Automatic Stay

Cramdown:

Cramdown of Equity in Chapter 11 Plan Requires Assessment of Equity’s Value to Satisfy “Fair and Equitable” Standard

Miscellaneous:

The Year in Bankruptcy: 2024

Student Debt:

BAPCPA: Extremely Harsh On Student Loans (Brunner & Briscoe)

Miscellaneous:

Paul Weiss Restructuring Department Bulletin – February 2025