Subchapter V of Chapter 11 of the Bankruptcy Code offers a streamlined and cost-effective path to reorganization specifically designed for small businesses. Unlike traditional Chapter 11 cases, Subchapter V lacks certain creditor protections, which can place creditors at a disadvantage.
On November 22, the Securities and Exchange Commission (SEC) announced its enforcement results for fiscal year (FY) 2024. As compared to FY 2023, the Division of Enforcement (the division) reported a 26% decline in the total volume of enforcement actions
Troutman Pepper was recently engaged by the Financial Technology Association (FTA) to draft its response to the Federal Deposit Insurance Corporation’s (FDIC) Request for Comment on its Brokered Deposit Notice of Proposed Rulemaking.
Troutman Pepper partner, Alexandra Steinberg Barrage, was quoted in the November 19, 2024 American Banker article, “Trump’s FDIC has work cut out for it in repairing culture.”
In a previous post, we discussed the Federal Deposit Insurance Corporation’s (FDIC) notice of proposed rulemaking aimed at enhancing recordkeeping for bank deposits received from fintech and other third-party, non-bank companies. The proposed rule initially set a public comment
When a customer files for bankruptcy, sellers may wonder if they can stop the shipment of goods. While the Bankruptcy Code does not explicitly permit this, the Uniform Commercial Code (UCC) provides guidelines under Sections 2-702, 2-703, and 2-705. Sellers
During the event, industry leaders and experts will discuss emerging technologies like Artificial Intelligence (AI) and business-to-business (B2B), and provide updates on faster payments developments and policy changes at both federal and state levels. James, alongside Ali Cook, a Corporate
Troutman Pepper is invested in financial services. We have 250+ attorneys advising 800+ clients in the sector. See how we are invested in their success with our latest highlights video.
Troutman Pepper Partner Alex Barrage will be a featured speaker during the ABA’s Banking Law Committee Meeting, on January 10, 2025, at 2 p.m.
Filing an involuntary bankruptcy petition is a serious legal action that creditors must approach with caution. The requirements for such filings are strictly construed and applied, meaning that any misstep can lead to significant consequences. Creditors must meet specific statutory