New Year, New Blog: In Solvency – Covering National Developments in Bankruptcy and Its Litigation
Delaware Bankruptcy Litigation | Information On Corporate Bankruptcy Proceedings
by Fox Rothschild LLP
2y ago
Follow the leading voices of Fox Rothschild’s national Financial Restructuring and Bankruptcy Practice at In Solvency, a new blog that brings understandable insights to the latest trends and developments in prominent bankruptcy cases and provides practical takeaways to creditors, creditor committees, debtors and businesses navigating issues surrounding financial distress. Our deep familiarity working with bankruptcy trustees offers critical perspectives into their needs, roles and appointment. While experienced practitioners offer analysis, best practices and lessons learned from court rulings ..read more
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Florida-based Entertainment Company Seeks Sale Via Chapter 11 Auction
Delaware Bankruptcy Litigation | Information On Corporate Bankruptcy Proceedings
by Fox Rothschild LLP
3y ago
Fox Partner Mette Kurth discusses iPic-Gold Class Entertainment, Inc.’s Chapter 11 case in Delaware: iPic-Gold Class Entertainment, Inc. (IPIC) has filed a Chapter 11 case in Delaware to sell its business through a “363” bankruptcy auction. iPic is a Florida-based, publicly traded movie theater and restaurant company with 16 locations in 9 states that provide a “luxurious movie-going experience at an affordable price.” After achieving double-digit growth supported by its unique offering and market position, new market entrants and competitive pricing slowed iPic’s growth. But the company belie ..read more
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Maryland-based Home Sleep Testing Company Seeks Sale Via Chapter 11 Auction
Delaware Bankruptcy Litigation | Information On Corporate Bankruptcy Proceedings
by Fox Rothschild LLP
3y ago
Fox Partner Mette Kurth discusses NovaSom, Inc.’s recent  Chapter 11 case in Delaware: NovaSom, Inc. has filed a Chapter 11 case in Delaware in order to sell its business through a “363” bankruptcy auction. We are providing you with information about the case that you can forward on if you have clients who may be interested in purchasing any of NovaSom’s assets. NovaSom is a Maryland-based home sleep testing company. In 2010-2012, it developed a device, AccuSom, that sends sleep data wirelessly rather than requiring patients to return a device to a lab to download data. It is the only in-home ..read more
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United States Supreme Court Holds that an “Objective Analysis” Applies to Determine Whether Civil Contempt is Appropriate for a Creditor’s Violation of a §524(a)(2) Discharge Order
Delaware Bankruptcy Litigation | Information On Corporate Bankruptcy Proceedings
by Carl Neff
3y ago
Stephanie Slater writes: The United States Supreme Court granted certiorari to determine the applicable legal standard for holding a creditor in civil contempt when a creditor attempts to collect a debt that falls within an issued bankruptcy discharge order.  In Taggart v. Lorenzen, 139 S.Ct. 1795 (2019), the Court unanimously decided to adopt an “objective standard,” holding that a court has permission to issue civil contempt sanctions against a creditor where there is “not a fair ground of doubt” in determining whether the creditor’s conduct is lawful under the discharge order.  While holdin ..read more
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