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Contributed by Kyung S. Lee Between 2010 through 2014, many United States oil and gas upstream companies borrowed money and bid against each other to buy up prospective shale reserves around the country suitable for fracking. When prices were high, these companies made money and transformed the United States from a net oil importer to…

Contributed by: R. J. Shannon What is a “Chapter 22” case? “Chapter 22” refers to repeat chapter 11 filings. Although the term is used to mean any repeat chapter 11 filings by a debtor, it best describes situations when either the first chapter 11 case is still ongoing (e.g., a confirmed plan of reorganization is…

Six Things to Consider Contributed by Charles M. Rubio A claim holder asserts a claim against a debtor in bankruptcy by filing a proof of claim (an equity holder asserts a proof of interest).  In most bankruptcy cases, a “bar date” is set that establishes the deadline by which creditors must file their proofs of…