Bankruptcy

Houston Bankruptcy Attorneys

How Will Malls Handle Vacancies from Bankruptcies?

April 29 2019| News|

Sears, Charlotte Russe, Gymboree, and Payless ShoeSource all have one thing in common aside from being once-popular retail chains—they’ve all undergone some form of bankruptcy within the past year. With the rise of online shopping and easier access to the latest fashions and everyday things we need, most people would not bat an eye at the thought of another retailer closing its doors for good. However, what about the shopping malls that often house these closing businesses?

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Houston Bankruptcy Attorneys

The Fifth Circuit Further Clarifies When Claims Belong to a Creditor Instead of the Bankruptcy Estate

April 01 2019| News|

At the commencement of a bankruptcy case, the debtor’s legal interests become a part of the bankruptcy estate pursuant to section 541 of the Bankruptcy Code. 11 U.S.C. § 541. Causes of action that belong to the bankruptcy estate may only be pursued by the trustee so that any recovery may be split equitably among the debtor’s creditors. Where a third party’s conduct harms both a debtor and a creditor, determining whether the cause of action belongs to the bankruptcy estate or a creditor “is a recurring issue in bankruptcy law.”

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Houston Bankruptcy Attorneys

Lessons from the Sears Bankruptcy

March 06 2019| News|

Until recently, Sears department stores have been a mainstay in home and personal retail shopping for many consumers, but recent financial woes have threatened its continued existence. Following a contested sale of the bankrupt retail chain to its chairman, Eddie Lampert, it appears that the company will continue for now. The battle to preserve the retail chain offers many lessons for bankruptcy observers.

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Litigation Funding Lawsuit

Freshly Removed from Bankruptcy, Mattress Firm Partially Settles Fraud Lawsuit

February 21 2019| News| |

Since late 2017, Mattress Firm has been embroiled in litigation against a litany of real estate industry defendants over what it claims was “a massive, multi-year fraud, bribery, and kickback scheme.” Having recently emerged from chapter 11 bankruptcy, the major bedding retailer is now setting its sights on resolving at least a portion of its wide-ranging lawsuit.

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David Curry Speaks at the Dallas County Bar Association’s “Keeping Your Truck on the Road” Seminar

Dallas (October 3, 2018) – Okin Adams LLP partner David Curry joined a panel of bankruptcy professionals to discuss the challenges facing the transportation industry in a chapter 11 case with an emphasis upon best practices with cross-industry applicability. The challenges addressed included identifying and recovering rolling stock, addressing multiple secured lender and lessor claims, identifying true leases versus…

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