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The "Olympics of Restructuring": Kevyn Orr Named Detroit's EFM 02 May 2013 Dashboard Insights Kevyn Orr, a University of Michigan Law School graduate and former partner at the law firm Jones Day, has been selected by Governor Rick Snyder as Detroit’s Emergency...
New Risks for Indirect Lenders 22 April 2013 The CFSL Bulletin Last month the Consumer Financial Protection Bureau announced that it will start holding banks accountable for the discriminatory actions of indirect auto lenders. The...
Protections When Supplying to a Troubled Customer 25 March 2013 Dashboard Insights Automotive sales in North America continue to climb, and many suppliers are prospering. However, there are some companies who are struggling and who may face bankruptcy....
Potential Impact of Treasury's Proposed Sale of GM Stock on Old GM's Creditors 15 January 2013 Dashboard Insights Did you or your company have an allowed claim in the General Motors bankruptcy case? If so, have you sold your allowed claim or the stock and warrants you received...
Bankruptcy Code Section 1129(b)(2)(A) Does Not Authorize Confirmation of "Cramdown" Plans 25 July 2011 Second City Bench Memo In its June 28, 2011 opinion, the Seventh Circuit Court of Appeals held that Bankruptcy Code § 1129(b)(2)(A) does not authorize confirmation of a debtor’s Chapter...
Dismissal Not Appealable Final Judgment When Stayed Litigation Still Pending Against Bankrupt Codefendant 22 July 2011 Second City Bench Memo A plaintiff seeking to appeal the dismissal of personal injury claims against a company was turned away by the Seventh Circuit on jurisdictional grounds where the...