Perspectives on Bankruptcy & Financial Restructuring

ArentFox Schiff is pleased to announce that Partner Andrew Silfen, New York office co-managing partner and Bankruptcy & Financial Restructuring practice leader, is being honored with the New York Institute of Credit’s (NYIC) Honorable Burton R. Lifland Mentor Award.

On June 21, 2022, President Biden signed the Bankruptcy Threshold Adjustment and Technical Corrections Act into law. 

In this LIVE Webcast, Les Jacobowitz, a prolific speaker and author on the impact of the LIBOR transition, will present a timely and engaging discussion of the LIBOR transition and surrounding key issues.

ArentFox Schiff is pleased to announce that 121 attorneys have been recognized by The Best Lawyers in America 2023, with an additional six attorneys highlighted as “Lawyers of the Year” and 40 attorneys listed as “Ones to Watch.”

Bankruptcy & Financial Restructuring Partner George Angelich is named one of Global M&A Network’s 2022 Top 100 Restructuring and Turnaround Professionals.

ArentFox Schiff LLP is proud to announce that the firm will be awarded the Chapter 11 Reorganization of the Year (Between $10MM and $100MM) by The M&A Advisor at their 16th Annual Turnaround Awards.

Large companies often have numerous divisions, each focusing on a unique aspect of the corporate mission for the benefit of the entire enterprise. There are situations, however, in which the parent company decides it is beneficial to “spin-off” one of these divisions from the rest of the company.

In an issue of first impression for the jurisdiction, the Bankruptcy Court for the Northern District of Illinois has ruled that a subchapter V debtor “substantially consummated” its plan by paying less than $1,500 in distributions to creditors and, as a result, could no longer modify the plan.

On June 7, 2022, the Fourth Circuit Court of Appeals unanimously held that the exceptions to discharge found in section 523(a) of the Bankruptcy Code, which ordinarily exclusively apply to individual debtors, also apply to small business corporate debtors in chapter 11 bankruptcy under subchapter V.

The President signed legislation raising the eligible debt ceiling for Subchapter V of Chapter 11 to $7,500,000. Small businesses with up to $7,500,000 in noncontingent, liquidated debts are eligible for relief under Subchapter V for another two years.

The 2022 edition of Legal 500 US has rated 77 ArentFox Schiff attorneys as national leaders in their field. In addition, 19 of the firm’s practice areas were ranked among the best in the country.

The House has passed a bill that will now go to the President to sign into law that raises the eligible debt ceiling for Subchapter V of Chapter 11 to $7,500,000. Small businesses with up to $7,500,000 in noncontingent, liquidated debts will once again be eligible for relief under Subchapter V.

The 2022 edition of Chambers USA: America’s Leading Lawyers for Business has recognized 66 ArentFox Schiff attorneys as leaders in their field.

ArentFox Schiff is pleased to announce that four attorneys have been named to BTI’s Client Service All-Stars 2022 for delivering superior client service: Partners Paula Morency, Caroline Turner English, Ann MacDonald, and Matthew Prewitt.

After years of large retailers and malls struggling prior to the COVID-19 pandemic and the most vulnerable retailers filing for bankruptcy relief in its immediate wake in early 2020, the US economy rebounded strongly with the aid of government assistance and low interest rates.

ArentFox Schiff Partner Jeffrey R. Gleit will be one of the featured speakers on a panel titled Texas Two-Step of Tort Liability (J&J) during the American Bankruptcy Institute’s Annual Spring meeting on Friday, April 29 at 10:00 am.

The Senate has passed a bill by unanimous consent to extend the heightened debt ceiling for Subchapter V of Chapter 11.

ArentFox Schiff is pleased to announce the expansion of its Bankruptcy & Financial Restructuring practice with the addition of Partner Jeffrey R. Gleit in New York.

A combination of high debt, low interest rates, and supply and labor shortages has contributed to inflation. Some of this impact is the direct result of the COVID pandemic. COVID has also caused distress in certain vulnerable sectors. It appears that inflation and COVID may be here to stay, at least

Twenty-five Arent Fox LLP practices have been recognized in the 2022 “Best Law Firms” rankings that are published annually by US News & World Report and Best Lawyers.

Arent Fox is honored to again be recognized by The M&A Advisor as an industry leader and winner of Distressed M&A Deal of The Year ($100MM to $250MM) for its work on The Sale of Rubie’s Costume Company, Inc. and its U.S. based Affiliates at The 15th Annual Turnaround Awards.

Arent Fox is pleased to announce the expansion of its Bankruptcy & Financial Restructuring practice with the addition of Partner Brett D. Goodman. Brett represents creditors’ committees, indenture trustees and agents, debtors, asset purchasers, lessors, and property owners in bankruptcy proceedings

Sixty-nine Arent Fox LLP attorneys have been rated as leaders in their profession by The Best Lawyers in America 2022.

Schiff Hardin LLP is pleased to announce that 51 attorneys have been listed in The Best Lawyers in America 2022.

The 2021 edition of Legal 500 US has rated 49 Arent Fox LLP attorneys as national leaders in their field. In addition, 16 of the firm’s practice areas were ranked among the best in the country.