Exclusive Solicitation Period in Chapter 11

Extending the Exclusive Solicitation Period in Chapter 11 Bankruptcy   11 U.S.C. § 1121(c)(3) grants the debtor the exclusive right to obtain acceptance of a plan filed within the exclusivity period for the first 180 days following the date of the order for relief.  “Upon request of a party in

Read More

Congratulations Amelia!

We are pleased to announce Amelia Martin Adams has been named the executive director of the Kentucky Bar Foundation and Kentucky IOLTA Fund. Amelia had been an associate with our firm since her admission to the Kentucky bar in 2009, after having previously clerked for us while attending UK College of

Read More

Patient Care Ombudsman

The  Appointment of Patient Care Ombudsman Congress added several provisions to the Bankruptcy Code in 2005 that were intended to protect patients’ interests in bankruptcies involving health care businesses by mandating that the court appoint a patient care ombudsman (“PCO”) or “patient advocate.” Such appointment is limited to debtors operating

Read More

Motions to Reopen Bankruptcy Cases

Section 350(b) of the Bankruptcy Code provides that “[a] case may be reopened in the court in which such case was closed to administer assets, to accord relief to the debtor, or for other cause.”11 U.S.C. § 350(b); Fed. R. Bankr. P. 5010. This Section immediately follows Section 350(a), which

Read More

Deadlines for Assuming Nonresidential Leases In Chapter 11 Bankruptcy

Section 365 (a) of the Bankruptcy Code provides, in relevant part, that a debtor in possession may, subject to the Court’s approval, “assume or reject any unexpired lease or executory contract of the debtor.”  11 U.S.C. § 365(a).  If that unexpired lease is a lease of nonresidential real property, both

Read More
Mr. Griffith Takes Delaware

Professor Takes Frustration with Merger Lawsuits to Court

Shout Out to Fordham Law Professor Sean Griffith who applied action to his teaching of  mergers and acquisitions. The legal system is far from perfect. It often feels to me that it has gotten worse over the last decade or so, as the reces- sion combined with the tech boom

Read More