This series focuses on four bankruptcy-related bills that were enacted during the 116th Congress and signed into law on August 23, 2019.1 One bill, the Small Business Reorganization Act of 2019 (SBRA),2 appears in its entirety in Appendix B to this series and was summarized in Part I,3 along with the other bills signed on the same day. SBRA deals on its face with a non-consumer topic, but as we have seen, it will be of interest to Chapter 12 and 13 trustees, who may be asked to serve as small business Chapter 11 trustees.
Critical Case Comment
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By Henry E. Hildebrand, III, Chapter 13 Trustee, Nashville, TN
ASARCO, LLC v. Baker Botts LLP (In re ASARCO), 751 F.3d 291 (5th Cir. April 30, 2014) (Judge Jones). Fees incurred by a law firm representing a debtor, incurred in connection with defending a fee award, are not compensable as an administrative expense from the debtor’s bankruptcy estate.
Case Summary
ASARCO was a copper mining, smelting, and refining company that filed a Chapter 11 petition in 2005. Shortly before the filing, ASARCO’s parent corporation required it to transfer its controlling interest . . .
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