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Subchapter V Eligibility: Congress Fixes CARES Act Provision That Excluded Affiliates of Issuers But Ignores Potential Eligibility for Foreign, Publicly Traded Companies and Affiliates

By Nicholas A. Koffroth on August 25, 2022

On February 19, 2020, the Small Business Reorganization Act (the “SBRA”) became effective and created a new subchapter V to chapter 11 of the Bankruptcy Code. As we have reported,…
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Ormet Corporation Files for Bankruptcy in Order to Facilitate Sale of Assets

By Fox Rothschild LLP & Fox Rothschild LLP on February 27, 2013

Background

On February 25, 2013 (the “Petition Date”), Ormet Corporation and various related entities filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of…
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Handy Hardware Seeks to Reorganize in Delaware Bankruptcy Court

By Fox Rothschild LLP & Fox Rothschild LLP on February 26, 2013

Background

On January 11, 2013, Handy Hardware Wholesale, Inc. (“Handy” or the “Debtor”) filed a chapter 11 petition for bankruptcy in the United States Bankruptcy Court for the District of…
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Penson Worldwide Files for Bankruptcy in Delaware

By Fox Rothschild LLP & Fox Rothschild LLP on January 19, 2013

Introduction

On January 11, 2013, Penson Worldwide (“Penson”), a clearing and settlement provider for the investment trading industry, filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court…
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