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Potential Pitfalls in Critical Vendor Negotiations

In 2002 the U.S. Bankruptcy Court for the Northern District of Texas issued an opinion in the case of In re CoServ,[1] establishing a three-part test to determine whether a debtor should be authorized to pay prepetition claims of "critical" […]

Kyle Woodard

Texas Suspense Accounts One Year After Freeport

Freeport is, however, a substantially important decision concerning two of the safe harbor provisions in section 91.402 of the Texas Natural Resources Code. Those allow the payment of proceeds to be withheld, i.e., placed in suspense, without interest […]

Demetri J. Economou

It’s Time to Talk Section 503(b)(9): A Refresher

We all know that general unsecured creditors, like holders of trade debt, often receive little to no recovery on account of the debt they are owed when a customer files for bankruptcy. Luckily, Section 503 of the Bankruptcy Code provides some relief […]

JaKayla DaBera