Business Reorganization

Legislation Introduced to Cap Credit Cards’ Annual Percentage Rate Sen. Josh Hawley (R-Mo.) introduced the “Capping Credit Card Interest Rates Act” on Sept. 12 to cap the interest rate for credit cards at a “common-sense level” of 18 percent in an effort to protect

A Quick Look at Bankruptcy/Debt Issues to Date in the 118th Congress As Congress returned to Capitol Hill in early September following summer recess, many of the headlines regarding legislative action once again turned toward key issues surrounding funding and budgetary

The state law standards for creation of a contract governed enforceability of a term sheet signed after mediation.

Event Roundup Southeastern Practitioners Hit Florida’s Shoreline for July’s Southeast Bankruptcy Workshop Amelia Island, Fla., came alive when more than 300 insolvency professionals attended ABI’s Southeast Bankruptcy Workshop at The Ritz-Carlton, Amelia Island July 20

Supreme Court Grants Cert to Examine Purdue’s $6B Sackler Opioid Settlement The U.S. Supreme Court on Aug. 10 granted an emergency stay application to examine Purdue Pharma’s $6 billion settlement of opioid lawsuits against its Sackler family owners, agreeing to hear

The lawsuit was under federal law, not state law, even though Section 544(b)(1) incorporated state fraudulent transfer law.