Mr Charles M Oellermann

Charles M Oellermann


Insolvency & Restructuring

The year in bankruptcy: 2020
USA | 12 March 2021

In 2019 the large business bankruptcy landscape was generally shaped by economic, market and leverage factors, with notable exceptions for disastrous wildfires, liabilities arising from the opioid crisis, price-fixing fallout and corporate restructuring shenanigans. The year 2020 was a different story altogether. The COVID-19 pandemic may not have been responsible for every reversal of corporate fortune, but it weighed heavily on the scale.

Use of cash collateral to pay prepetition debt not prohibited by Jevic
USA | 26 June 2020

The ability of a bankruptcy trustee or a Chapter 11 debtor in possession to use cash collateral during the course of a bankruptcy case may be vital to the debtor's prospects for a successful reorganisation. However, because of the unique nature of cash collateral, the Bankruptcy Code sets out special rules that apply to the non-consensual use of such collateral to protect the interests of the secured creditor involved.