Jan. 18, 2017

Bankruptcy Court Approves Client’s Reorganization

On January 11, 2017, the United Stated Bankruptcy Court for the Eastern District of Pennsylvania entered an order confirming the Chapter 11 Plan of Reorganization of the Firm’s client, ColdEdge Technologies, Inc., after a lengthy bankruptcy proceeding.   ColdEdge was formed in 2008 and provides cryogenic equipment for use in the research laboratory setting. Shortly […]

Dec. 1, 2015

Bankruptcy Turf War Leads to Dismissal for Bad Faith

Involuntary bankruptcy is generally invoked against a failing business to ensure fairness and transparency, with the idea that a neutral trustee, or the Bankruptcy Code’s disclosure requirements, will result in fair and equal treatment of creditors.

Aug. 19, 2015

Supreme Court Refuses to Allow Fees for Defending Fee Applications in Bankruptcy

Under the Bankruptcy Code, professionals such as attorneys and accountants who render services to the bankruptcy estate must seek court approval of their fees as a prerequisite to payment.