Telephonic 341(a) Hearings—A Brief Primer
By Brad D. Krasnoff, Esq. Chapter 7 Panel Trustee, Central District of California As you may know, due to the COVID-19 pandemic, all section 341(a) hearings conducted by panel chapter 7 trustees are being […]
Case Analysis: Pier 1 Imports Pandemic Rent Deferral; Equity; “Forum Shopping”; and the Dissolution of a Mega Retailer
In re Pier 1 Imports, Inc., No. 20-30805-KRH, 2020 WL 2374539 (Bankr. E.D. Va. May 10, 2020) The bankruptcy court in the chapter 11 cases of furniture retailer Pier 1 Imports and affiliates granted […]
The Small Business Reorganization Act of 2019 (SBRA)
Effective February 22, 2020 In 2019, Congress amended the United States Bankruptcy Code by enacting the Small Business Reorganization Act (the SBRA). One of the most important features of the SBRA is the creation […]
Nationwide Bankruptcy Courts Allow Amendment of Petitions to Streamlined Reorganization under Subchapter V of Chapter 11
Courts throughout the country are broadly permitting amendment of bankruptcy petitions filed prior to the effective date of the Small Business Reorganization Act (“SBRA”) to Subchapter V of Chapter 11. Here is a discussion […]
Supreme Court Copyright Decision that is Important for Bankruptcy Practitioners
Allen v. Cooper, 589 U.S. ___, 2020 WL 1325815 (2020) On March 23, 2020, the United States Supreme Court struck down the Copyright Remedy Clarification Act of 1990 (“CRCA”), holding that Congress had no […]
Bankruptcy Court Holds Unscheduled Claim Is Not Discharged
West Valley Medical Partners, LLC v. Menaker (In re Menaker), __B.R.__, No. 1:13-BK-13562-MB, 2019 WL 3064875 (Bankr. C.D. Cal. July 8, 2019). The defendant-debtors leased commercial property form the plaintiff creditor prior to their […]