By John J. Harmon, Esq. In the Chapter 11 case filed by Wesco Aircraft Holdings, Inc. (commonly known as Incora), the United States Bankruptcy Court for the Southern District of Texas recently addressed the viability of claims by noteholder creditors who had been excluded from participating in the debtor’s prepetition uptiering restructuring.[1] In the restructuring,

Super Lawyers 2024

Jonathan Rabinowitz, Jay Lubetkin and Jeffrey Cooper have, once again, been selected for inclusion in the 2024 edition of New Jersey Super Lawyers.  According to Super Lawyers, only five percent of the lawyers in New Jersey are selected for inclusion on its lists.
Subchapter 5 of Chapter 11 of the U.S. Bankruptcy Code provides profitable small businesses that owe less than $7.5 million to their creditors with a streamlined process for paying down their mounting debt. Put more simply, Subchapter 5 makes reorganization more accessible to small businesses. Under Subchapter 5, a qualifying business, can force creditors to
Prominent companies in financial trouble are increasingly seeking bankruptcy protection in New Jersey, when they would previously have sought jurisdictions like New York, Delaware, Virginia and Texas. Examples including Bed Bath & Beyond Inc., Rite Aid, WeWork and Z Galleria have sought Chapter 11 protection in Newark and Trenton. In addition, Whittaker, Clark & Daniels,
TOP