What’s Driving LIV Golf’s Chapter 11?
LIV Golf’s Chapter 11 bankruptcy filing does not necessarily mean the end of the league. Instead, the bankruptcy case could give LIV Golf an opportunity to restructure its expensive player, vendor, and lease obligations, reject burdensome contracts, and potentially use Section 363 of the Bankruptcy Code to sell or monetize assets. The case provides an interesting example of how Chapter 11 can give a financially distressed business a path toward a more sustainable operating model.
Restaurant Franchise Bankruptcies Could Leave Insurers Holding the Bag
Sailormen’s Chapter 11 bankruptcy highlights the challenges liability insurers can face when an insured franchisee files for bankruptcy. Learn how the automatic stay, personal-injury claims, self-insured retentions, and available insurance coverage can affect claims handling after a bankruptcy filing.
Court Denies Confirmation of First Brands’ Plan
The U.S. Bankruptcy Court for the S.D. Texas denied confirmation of debtor First Brands chapter 11 plan of liquidation for failing to comply with multiple provisions under section 1129 of the Bankruptcy Code.