Two recent judicial decisions, Sanchez Energy and Tribune Media, highlight the challenges faced by indenture trustees and their professionals in chapter 11 cases where there are no recoveries to noteholders.  Federal law requires that public debt be issued under
Continue Reading Two Important Rulings on Payment of Indenture Trustee Fees in Chapter 11 Cases

The ongoing debate about the treatment of cleanup orders in bankruptcy looks to be getting a lot more interesting in the Second Circuit.

In a decision (.pdf) that could signal important precedent in the making, the United States District Court


Continue Reading District Court Takes on Responsibility of Defining Dischargeable Environmental “Claims”