May 8th, 2025 - Posted in Client Alert by Dana Quick
U.S. corporate bankruptcies have hit their highest levels since the Great Recession with no sign of slowing down. At Bast Amron, we are seeing the impact across industries—from mid-market companies quietly negotiating workouts to large corporate entities turning to Chapter 11 as a tool for strategic restructuring. (more…)
June 27th, 2024 - Posted in Client Alert, Dana R. Quick by Dana Quick
In a split opinion today, the U.S. Supreme Court ruled that a bankruptcy court cannot grant a third party release in a plan absent claimants’ consent. (more…)
April 23rd, 2024 - Posted in Client Alert by Jaime Leggett
Many smaller businesses face substantial financial troubles, but think that their legal options are limited. However, the results of Subchapter V are showing that not to be the case. (more…)
April 3rd, 2024 - Posted in Client Alert by Hayley Harrison
Facing bankruptcy is often one of the most daunting challenges a business owner can face. Whether due to economic downturns, unexpected crises, or financial mismanagement, the prospect of bankruptcy can be overwhelming. (more…)
March 5th, 2024 - Posted in Client Alert by Hunter Grasso
In July, Republican House Financial Services and House Agriculture Committee members introduced and approved the Financial Innovation and Technology for the 21st Century Act (the Act). (more…)
February 15th, 2024 - Posted in Client Alert by Scott Brown
One of the biggest misconceptions about bankruptcy is that a corporation, limited liability company or other business entity is eligible for a Chapter 7 bankruptcy discharge. (more…)
February 2nd, 2024 - Posted in Client Alert by Jeffrey Bast and Tanisha Wright
We hope you and your business are doing well and that the New Year is off to a great start. We wanted to direct your attention to a new federal law that may require immediate action from your business. (more…)
May 10th, 2023 - Posted in Client Alert, Hunter Grasso, Publications by Hunter Grasso
Bankruptcy is a complex legal procedure that involves different types of filings, each with its own unique features and requirements. (more…)
March 13th, 2023 - Posted in Client Alert by Dain de Souza and Hunter Grasso
On Friday, March 10, 2023, Silicon Valley Bank (“SVB”) was closed by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (“FDIC”) was appointed as receiver. The FDIC has since announced that it has transferred all deposits and substantially all of SVB’s assets to a bridge bank. Citing a need “to protect depositors,” a second bank, Signature Bank, was closed by New York regulators on Sunday, March 12, 2023. The FDIC was appointed receiver and transferred all deposits and substantially all of Signature Bank’s assets to Signature Bridge Bank, N.A. The broader ramifications on the banking sector and other industries remain to be seen. (more…)
April 1st, 2020 - Posted in BA Blog, Client Alert by Jeffrey Bast
The Coronavirus Aid, Relief, and Economic Security (CARES) Act has allocated $350 billion to help small businesses and nonprofits keep workers employed during the global pandemic and economic downturn. (more…)
