On March 7, 2025, Judge Sean Lane confirmed the Chapter 11 plan for Spirit Airlines, that contained releases for non-debtors. The decision appears to hold that the Supreme Court’s Purdue decision barring plans that release nondebtors did not alter the…
Now is the time to Panic Plan
Whether you are analyzing macro indicators, or evaluating your energy costs, supply chain costs, or the rising cost of borrowing, you have probably found at least one reason for concern about the next few quarters. Don’t panic. In 30 plus…
Due Process Does Not Require Full Evidentiary Hearing Before Conversion to Chapter 7
Due Process does not require a full evidentiary hearing before deciding a motion to convert a Chapter 11 to a Chapter 7 if there is adequate basis for the Bankruptcy Court. See Sakon v. A&F Main St. Associates, 3:20-cv-00353 (D.Conn.…