View Recent Blog Posts in Bankruptcy and Business Reorganization

  • By: Eric Lockridge and Katilyn Hollowell In this final part of our discussion of the foreclosure process on commercial real estate in Louisiana, we are detailing the procedures involved in foreclosing on property in Louisiana utilizing federal court mechanisms. Similar to ordinary process foreclosures, foreclosure in federal court involves instituting a lawsuit against the mortgagor asking that the court recognize that... Continue Reading...
  • By: Eric Lockridge Banks and other secured lenders are going to experience more losses, and larger losses, on small and mid-market loans because fewer businesses are eligible to be a "small business debtor" in bankruptcy and to use Subchapter V of Chapter 11 to reorganize their debts and get a fresh start. From March 2020 until June 21,... Continue Reading...
  • By: Eric Lockridge and Katilyn Hollowell In this part three of our discussion of the foreclosure process on commercial real estate in Louisiana, we are detailing the procedures involved in ordinary process foreclosures in Louisiana. Foreclosing on collateral by ordinary process in Louisiana involves filing a civil suit against the mortgagor asking the court to recognize that the indebtedness is due... Continue Reading...
  • By: Eric Lockridge and Mack Wilson Baseball superstar Shohei Ohtani recently agreed to a 10-year, $700 million contract with the Los Angeles Dodgers. While the headline number came as a shock to even sports business nerds like us, as always, the devil was in the details: $680 million of Ohtani's contract is deferred until after Ohtani is no longer obligated to... Continue Reading...
  • By: Eric Lockridge and Mack Wilson The sports world is buzzing about Shohei Ohtani's record-setting $700 million dollar contract with the Los Angeles Dodgers. As bankruptcy lawyers, we are abuzz thinking about the bankruptcy implications of Ohtani's contract. Today's blog post will discuss what type of claim Ohtani might have if the Dodgers file for bankruptcy (again). In the near future,... Continue Reading...
  • By: Eric Lockridge and Katilyn Hollowell In this part two of our discussion of the foreclosure process on commercial real estate in Louisiana, we are demystifying the procedures involved in executory process foreclosures in Louisiana. While Louisiana does not allow non-judicial foreclosure options for creditors, it does provide a streamlined judicial process known as executory process foreclosure, allowing a creditor to... Continue Reading...
  • By: Eric Lockridge and Katilyn Hollowell Foreclosure proceedings in Louisiana can be challenging for lenders and servicers not familiar with the Bayou State's particular procedures. This blog post provides a brief introduction to Louisiana's foreclosure process focused on mortgaged commercial or industrial property. First and foremost, Louisiana is a judicial-foreclosure state. The foreclosing creditor must request and obtain a court order... Continue Reading...
  • By: Eric Lockridge and Katilyn Hollowell Every few weeks, another news outlet reports that a wave of energy-related bankruptcy cases is on the way. See links below if you need some examples.[1] A recent decision in the Alta Mesa bankruptcy case about pipeline contracts has some important lessons for producers and midstream companies evaluating how future bankruptcy cases may affect their... Continue Reading...
  • By: Devin Ricci and Eric Lockridge Intellectual property comprises some of the most valuable assets a business may hold – its brands, patents, know-how, and other intangible rights that make the business unique. The intellectual property assets (IP) throughout the energy sector—upstream, midstream, downstream and service providers along the way—will be affected as more energy companies seek bankruptcy relief in the... Continue Reading...
  • By: Eric Lockridge and Katilyn Hollowell The Supreme Court of the United States recently handed down a decision on the statute of limitations period under the Fair Debt Collection Practices Act (the "FDCPA") to start off its term. The case provides a lesson to practitioners to draft carefully; the failure to do so may result in the loss of the cause... Continue Reading...