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Broken Bench Bytes

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  • Welcome to the Broken Bench Bytes, Kramer Levin’s blog discussing notable, recent decisions affecting corporate bankruptcy, restructurings and turnarounds.

    You may wonder why “Broken Bench.” Trivia time: The word “bankruptcy” is derived from two Latin words – “bancus,” which means bench, and “ruptus,” which means broken. During the 1800s, if a merchant could no longer afford to stay in business, the bench he used to sell goods would be broken, symbolizing that he was no longer welcome to do business with the other merchants. The term “bankruptcy” finds its origin in this wood-shattering event!

    Why read our blog? In a time of information overload, we selectively focus on cases and developments of most interest to our readers. Each post contains three focused sections. Read “The Bottom Line” for the decision’s “elevator-pitch” sound-byte. For more detail, read “What Happened,” which covers key background and the court’s reasoning – a bit more flavor for your Byte. And finally, in “Why this Case is Interesting,” we put the decision into some quick context for practical issues affecting distressed situations. Our blogs are not law review articles; they are “byte”-sized nuggets of important decisions.

    We hope you enjoy our blog and if you have any questions, comments or suggestions, we welcome your input.

    Subscribe for updates here.

    Featured Posts

    • Category
      Broken Bench Bytes
      Date
      April 29, 2025
      Title
      Recent Chapter 15 Cases Show Potential for Non-Consensual Third-Party Releases Based Upon Foreign (Non-U.S.) Proceedings
      Read More
    • Category
      Broken Bench Bytes
      Date
      April 15, 2025
      Title
      Pension Plan Withdrawal Liability Takes Center Stage in Bankruptcy Judge's "Preliminary Observations"
      Read More
    Show Filters
    Author
    • Author
    • Rose Hill Bagley
    • Ashland J. Bernard
    • David E. Blabey, Jr.
    • Douglas Buckley
    • Alice J. Byowitz
    • Fabien Carruzzo
    • Amy Caton
    • Daniel M. Eggermann
    • Gabriel Eisenberger
    • Caroline Gange
    • Thomas T. Janover
    • Ayla Lima
    • Thomas Moers Mayer
    • Juliana Oliveira Maggio
    • Andrew Pollack
    • Kelly E. Porcelli
    • Rachael Ringer
    • Adam C. Rogoff
    • Benjamin S. Sieck
    • Megan M. Wasson
    • Erica D. Wolf
    Topic
    • Topic
    • Absolute Priority
    • Asset Sales
    • Automatic Stay
    • Avoidance Actions
    • Bankruptcy Code/Rules Interpretation
    • Bankruptcy Litigation
    • Bankruptcy Safe Harbor Provision
    • Bankruptcy and Restructuring
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    • Chapter 15 Recognition
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    • Section 108
    • Section 1109
    • Section 1123(d)
    • Section 1124(2)
    • Section 365(b)
    • Section 365(d)
    • Section 365(n)
    • Section 506(a)
    • Single Asset Real Estate
    • Standing
    • Subordination
    • Supreme Court
    • Third-Party Release

    Recent Posts

    • Category
      Broken Bench Bytes
      Date
      April 29, 2025
      Name
      Recent Chapter 15 Cases Show Potential for Non-Consensual Third-Party Releases Based Upon Foreign (Non-U.S.) Proceedings
      Read More
    • Category
      Broken Bench Bytes
      Date
      April 15, 2025
      Name
      Pension Plan Withdrawal Liability Takes Center Stage in Bankruptcy Judge's "Preliminary Observations"
      Read More
    • Category
      Broken Bench Bytes
      Date
      Dec. 24, 2024
      Name
      Chapter 15 Case Demonstrates Its Effectiveness as an Expedient Judicial Solution for Singaporean Insolvencies in the United States
      Read More
    • Category
      Broken Bench Bytes
      Date
      Dec. 13, 2023
      Name
      Getting Public Information in Chapter 11
      Read More
    • Category
      Broken Bench Bytes
      Date
      Sept. 14, 2023
      Name
      New York Bankruptcy Court Raises the Cost of Keeping Funded Debt: Debtor Needs to Pay Default Interest Rate in Reinstatement of Accelerated Debt
      Read More
    • Category
      Broken Bench Bytes
      Date
      Feb. 10, 2023
      Name
      Bad ‘Timing’: Southern District of New York Bankruptcy Court Adopts Time Approach to Limiting Landlord Lease Damages, but Other Damages May Still Be Allowable
      Read More

    Featured Perspectives

    • Category
      Speaking Engagement
      Date
      Oct. 14, 2021
      Title
      American Bankruptcy Institute’s Anatomy of the Hertz Chapter 11
      Read More
    • Category
      Announcements
      Date
      Oct. 08, 2021
      Title
      Rachael Ringer Named to American Bankruptcy Institute's 2021 List of 40 Under 40
      Read More
    • Category
      Announcements
      Date
      Dec. 01, 2020
      Title
      Kramer Levin Recognized by Law360 with Practice Group of the Year Designations for Real Estate and Bankruptcy and Restructuring
      Read More
    • Category
      Announcements
      Date
      Sept. 22, 2020
      Title
      Amy Caton Named Best in Restructuring & Insolvency at 2020 Women in Business Law Americas Awards
      Read More
    • Category
      Client Alerts
      Date
      Aug. 31, 2020
      Title
      Delaware Court of Chancery Confirms Directors’ Right to Access Company’s Privileged Information
      Read More
    • Category
      Announcements
      Date
      Aug. 05, 2020
      Title
      Kenneth H. Eckstein and Thomas Moers Mayer Named to Lawdragon 500’s Leading Global Restructuring and Insolvency Lawyers List for 2020
      Read More
    • Category
      Announcements
      Date
      July 30, 2020
      Title
      Lawdragon 500 Recognizes Kramer Levin Lawyers
      Read More
    • Category
      Announcements
      Date
      July 07, 2020
      Title
      Rachael Ringer Named a Law360 Rising Star
      Read More
    • Category
      Announcements
      Date
      May 06, 2020
      Title
      Rachael Ringer Named One of Turnarounds & Workouts’ 2020 Outstanding Young Restructuring Lawyers
      Read More
    • Category
      Announcements
      Date
      June 12, 2019
      Title
      Rachael Ringer to Receive M&A Advisor’s Emerging Leaders Award
      Read More

    Editors

      • Adam C. Rogoff

        • Partner
        • Partner, Bankruptcy and Restructuring; Co-Head, Health Care
        • New York
        • arogoff@kramerlevin.com
        • T 212.715.9285
        • F 212.715.8265
      • vcard

    Archive | April 2025

    • People

        • Amy Caton

          • Partner
          • Partner, Co-Chair, Bankruptcy and Restructuring; Chair, Municipal and Infrastructure Special Situations
          • New York
          • acaton@kramerlevin.com
          • T 212.715.7772
          • F 212.715.8000
        • vcard
        • Kenneth H. Eckstein

          • Partner
          • Partner, Co-Chair, Bankruptcy and Restructuring
          • New York
          • keckstein@kramerlevin.com
          • T 212.715.9229
          • F 212.715.8229
        • vcard
        • Thomas T. Janover

          • Partner
          • New York
          • tjanover@kramerlevin.com
          • T 212.715.9186
          • F 212.715.8186
        • vcard
        • Thomas Moers Mayer

          • Counsel
          • New York
          • tmayer@kramerlevin.com
          • T 212.715.9169
          • F 212.715.8169
        • vcard
        • Adam C. Rogoff

          • Partner
          • Partner, Bankruptcy and Restructuring; Co-Head, Health Care
          • New York
          • arogoff@kramerlevin.com
          • T 212.715.9285
          • F 212.715.8265
        • vcard
        • Robert T. Schmidt

          • Counsel
          • New York
          • rschmidt@kramerlevin.com
          • T 212.715.9527
          • F 212.715.9528
        • vcard
        • David E. Blabey, Jr.

          • Partner
          • New York
          • dblabey@kramerlevin.com
          • T 212.715.9248
          • F 212.715.8433
        • vcard
        • Daniel M. Eggermann

          • Partner
          • Partner, Co-Head, Distressed Investing
          • New York
          • deggermann@kramerlevin.com
          • T 212.715.9495
          • F 212.715.8495
        • vcard
    • Perspectives

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