United States: Insolvency/Bankruptcy

On August 21, 2025, Judge Craig T. Goldblatt of the United States Bankruptcy Court for the District of Delaware issued a significant ruling...

If you make asset-based loans secured by accounts receivable, you need to understand what happens when your borrower files bankruptcy and wants to spend the money you thought was yours.

The financial landscape in Florida is continuing to evolve in 2026. For individuals and business owners facing unmanageable debt, understanding the nuances of bankruptcy law is more critical than ever.

Plaintiffs in commercial disputes often face a troubling issue: no matter how strong their case may be on the merits, will there be assets available to collect? As the saying goes, an uncollectable judgment is not worth the paper it is printed on. What if it appears that the defendant does not have sufficient assets to pay a likely judgment or — even worse — that the defendant is liquidating and dissipating assets? Can the plaintiff obtain a temporary restraining order to freeze the defendant

Small- and medium-sized enterprises (SMEs) are the backbone of the American economy, and the approximately 30 million SMEs in the U.S. have accounted for nearly two-thirds of new private sector jobs in recent decades.

Chapter 15 of the Bankruptcy Code reached its 20th year of enactment in October 2025.

As more commercial tenants seek bankruptcy protection, the question of assuming or assigning their leases and what defaults need to be cured gets debated.

To use a legal term: Nope. The decision gives lenders a new weapon when chasing borrowers who engage in behavior to hinder, delay, or defraud creditors.

Pryor Cashman is pleased to announce that Partner Seth H. Lieberman has been elected to a three-year term on the firm's Executive Committee.