Tag Archives: Connecticut Bankruptcy

Congress Extends $7.5 Million Debt Limit for Subchapter V Bankruptcy

By David M. S. Shaiken

On March 27, 2021, President Biden signed into law the COVID-19 Bankruptcy Relief Extension Act. We have previously written that last year the debt limit for business debtors to file for Subchapter V, Chapter 11 bankruptcy relief had been temporarily increased to $7.5 million by The Coronavirus Aid, Relief and Economic Security Act (“CARES Act”).… Read More

David M.S. Shaiken Presents At Annual Bankruptcy Conference

On October 2, David Shaiken participated in a panel presentation at the Connecticut Bar Association’s Annual Bankruptcy Conference. David’s panel discussed a bankruptcy court’s authority to award sanctions and punitive sanctions against a creditor for violation of a debtor’s bankruptcy discharge.… Read More

If Hartford Files for Bankruptcy

By David M. S. Shaiken

If the City of Hartford files for bankruptcy, creditors of the City will be affected in a variety of ways. It is likely that the City will seek to renegotiate its obligations to bondholders, retirees and employees.… Read More