wbng

‘iM3NY’ files motion to dismiss Chapter 11 case

ENDICOTT, N.Y. (WBNG) -- On Tuesday, “iM3NY,” the lithium-ion cell manufacturing gigafactory located in Endicott, filed a motion to dismiss its Chapter 11 case in the United States Bankruptcy Court ...
JD Supra

Gap Period Injunctive Relief Warranted in Chapter 15 Case Where Recognition of Canadian Receivership Likely Based on U.S. Debtors' Receivership Activities

Unlike in cases filed under other chapters of the Bankruptcy Code, the filing of a petition for recognition of a foreign bankruptcy case under chapter 15 does not automatically trigger a stay of ...
JD Supra

Filing of Adversary Proceeding Against Chapter 15 Debtor Violated Automatic Stay, and "Home Court" Rule Does Not Apply in Chapter 15 Cases

It is generally well understood that an order of a U.S. bankruptcy court recognizing a debtor's foreign bankruptcy case as a "main" proceeding under chapter 15 of the Bankruptcy Code triggers the ...

Stoli Group Files to Convert Two Chapter 11 Bankruptcy Cases to Chapter 7

Stoli Group filed to convert two of its U.S. companies from chapter 11 to chapter 7 bankruptcy after the company could not reach a restructuring agreement with its senior lender.
Forbes

What You Need To Know As A Stakeholder In Chapter 11 Bankruptcy

U.S. corporate bankruptcies approached a 14-year high in 2024 and are expected to continue at a steady pace in 2025. With this increase in business bankruptcies across industries, it’s possible that ...