Congress didn’t repeal the so-called absolute priority rule for individuals in Chapter 11 when it amended the Bankruptcy Code in 2005, a district judge in Philadelphia ruled. The issue has divided ...

If a debtor can pay all the money it promised to pay, should it be required to do so, despite having filed for bankruptcy? Three federal courts of appeals have said yes, but there was a dissent in ...

Two partners said the decision yielded useful guidelines, while a third panned the ruling as “very strange” and “quite favorable to debtors”. Restructuring partners have given a mixed reaction to a ...