Chapter 11


Purdue Pharma Bankruptcy: A Battle Over Much More Than Dollars and Cents

Posted on: August 10th, 2022 by Michael A. Morris, ABLS Blog Contributor

In 2019, opioid manufacturer Purdue Pharma filed bankruptcy in the Southern District of New York. A large portion of the debt listed on its bankruptcy schedules came from judgments and potential lawsuits against it for its role in the opioid epidemic. Purdue’s owners, the Sackler family, were named in many of those lawsuits and would […]

Sub V: Sub-par or Superb?

Posted on: December 1st, 2021 by Michael A. Morris, ABLS Blog Contributor

Subchapter V (“Sub V”) of the Bankruptcy Code was created under the Small Business Reorganization Act (P.L. 116-54) to streamline bankruptcy cases and help more small business debtors successfully reorganize by lowering costs. Sub V was meant to strike a balance between Chapter 7 liquidation and Chapter 11 reorganization. Sub V created some significant benefits […]