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June 1, 2022

AGG’s Restructuring Roundup newsletter is a monthly update of legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a curation of published articles and news, and contains original content developed by AGG’s Bankruptcy, Creditors’ Rights, & Financial Restructuring attorneys.
AGG Bankruptcy News & Insights
May 31, 2022 (
In a recent summary order in an appeal from a bankruptcy court, the United States Court of Appeals for the Second Circuit reaffirmed that mere receipt of a fraudulent transfer is not always sufficient to render the recipient an “initial transferee” strictly liable to return the funds to the trustee under section 550(a)(1) of the Bankruptcy Code.
Industry News
May 31, 2022 (Forbes)
Filing for protection from your creditors under the federal bankruptcy law will generally stop bill collectors from harassing you, and give you relief from many of your debts.
May 25, 2022 (Bloomberg)
A proposal by the founder of the troubled Terra ecosystem to salvage the project was approved, averting a total collapse of one of the most-watched experiments in decentralized finance.
May 20, 2022 (Forbes)
Thai AirAsia X, the long-haul budget airline under the AirAsia group, said its application for bankruptcy protection was accepted by Thailand’s Central Bankruptcy Court.
May 20, 2022 (Yahoo! News)
"I mean, it’s very obvious that money was coming in, and wherever it was going, it wasn’t going to pay medical bills."
May 19, 2022 (
Venice, FL, May 19, 2022 (GLOBE NEWSWIRE) -- Aphex BioCleanse Systems, Inc. (OTCPK: SNST), has filed a voluntary petition under the Federal Bankruptcy Code, Chapter 11, Subchapter V. The Petition was filed on May 12, 2022 in the United States Bankruptcy Court Middle District of Florida Tampa Division.
May 18, 2022 (Yahoo! News)
The U.S. tech firm said Wednesday (May 18) that Russian authorities had seized the unit's bank account.
May 17, 2022 (Yahoo! News)
A tentative deal totaling $121.5 million has been reached in the Archdiocese of Santa Fe's bankruptcy case involving 400 claimants accusing the church of clergy sexual abuse.
AGG Bankruptcy & Restructuring Team
May 31, 2022 (
AGG's Bankruptcy, Creditors' Rights, & Financial Restructuring team provides valuable knowledge and experience in the areas of commercial debt restructuring, settlements, bankruptcy trusteeships, fiduciary work, and bankruptcy and creditors’ rights litigation. The group represents debtors, secured and unsecured creditors, equity security holders, indenture trustees, creditors’ committees, purchasers of insolvent companies, bankruptcy trustees, and examiners.