Category: Bankruptcy

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2020, Bankruptcy

Can a Bankruptcy Cure Coronavirus-Related Financial Problems?

California’s “Stay-at-Home” order and the resulting lockdown to confront the Coronavirus (also known as “COVID-19”) pandemic forced most businesses—except those deemed to be essential—to shut down as of March 19, 2020 until Governor Gavin Newsom issues an order to end the Stay-at-Home order.  With the end of the lockdown uncertain, business as usual is no longer possible and personal financial concerns become more aggravated with each day the lockdown continues.  […]

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2020, Bankruptcy

Is Chapter 11 Bankruptcy the Remedy for Businesses Hurt by COVID-19?

California’s “Stay-at-Home” order and resulting lockdown to confront the Corona Virus (also known as “Covid-19”) pandemic forced most businesses— except those deemed to be essential—to shut down as of March 19, 2020 until Governor Gavin Newsom issues a new order to end the Stay-at-Home order.  With the end of the lockdown uncertain, most businesses face the uncertainty of when they can re-open and when their revenues will return to pre-lockdown […]

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Bankruptcy

PG&E Bankruptcy Update: It’s All About Funding a Plan

On January 29, 2019, PG&E Corporation (“PG&E”) filed its petition for bankruptcy relief in the United States Bankruptcy Court for the Northern District of California.  As will be discussed in detail below, PG&E’s petition came in the wake of wildfire-related lawsuits that exposed PG&E to billions of dollars in potential liabilities.  As of September 30, 2019, PG&E has been in bankruptcy for 8 months and its bankruptcy case is unresolved.  […]

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Bankruptcy

PG&E Chapter 11 Bankruptcy—It’s Deja Vu All Over Again

On January 29, 2019 at 6:32 am, PG&E Corporation (“PG&E”) filed its petition for bankruptcy relief in the San Francisco Division of the Northern Bankruptcy District of California for Case Number 19-030088.  This is the second time in 20 years that PG&E has sought bankruptcy relief under Chapter 11 of the United States Code.  This article explains how it arrived in bankruptcy court for both bankruptcies and anticipated events in […]